Multiple Choice
You are one of five shareholders in a corporation. You have invested $10 000 of your own money in the corporation. The business is unsuccessful and is left with no assets and liabilities of $100 000. Your partners all leave the country leaving no forwarding addresses. How much of the debt are you legally responsible for?
A) $0
B) $2 000
C) $10 000
D) $20 000
E) $100 000
Correct Answer:
Verified
Correct Answer:
Verified
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