Explain how a personal guarantee reduces the limited liability of the principals of a closely held corporation.

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Business Law in Canada

ISBN: 978-0133249095

10th Canadian Edition

Authors: Richard A. Yates, Teresa Bereznicki Korol, Trevor Clarke

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Question Posted: Dec 09, 2015 03:42 AM

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Explain how a personal guarantee reduces the limited liability of the principals of a closely held corporation.

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A personal guarantee if granted to a creditor of the corpor...View the full answer

Business Law in Canada

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