Common law places the risk of loss of goods on the party who held title
Indicate whether the statement is true or false
TRUE
Business
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According to priority, which of the following claimants is the last to be paid after assets have been liquidated of a corporation?
A) creditors B) common stockholders C) preferred shareholders D) bond holders
Business
Which of the following situations, by itself, would not justify a court disregarding the corporate
entity? A) The corporation is severely undercapitalized B) The corporation failed to follow the necessary corporate formalities C) The corporation has been used by its shareholders to commit fraud D) The corporation does not have enough assets to pay its liabilities E) The shareholders have looted the corporation
Business