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

You might also like to view...

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