42. Allen Sutton has invested $600,000 in a privately held familycorporation. Th

Question

42.

Allen Sutton has invested $600,000 in a privately held familycorporation. The corporation does not do well and must declarebankruptcy. What amount does Sutton stand to lose?

A)

Up to his total investment of $600,000

B)

Zero

C)

The $600,000 plus any personal assets the creditors demand

D)

$400,000

42.

Allen Sutton has invested $600,000 in a privately held familycorporation. The corporation does not do well and must declarebankruptcy. What amount does Sutton stand to lose?

A)

Up to his total investment of $600,000

B)

Zero

C)

The $600,000 plus any personal assets the creditors demand

D)

$400,000

Explanation / Answer

Answer A. up to his total investment of $6,00,000

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