Hull organized a corporation to manufacture antibiotics for cattle. She owned most of the capital stock. All
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Hull organized a corporation to manufacture antibiotics for cattle. She owned most of the capital stock. All went well until a faulty batch of the drugs caused the serious illness or death of more than 3,000 cows. After a series of lawsuits, the corporation was forced into bankruptcy with some $200,000 in debts unpaid. Could Hull be held personally liable for these debts?
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Hull could be held personally liable for these debts if she personally guaranteed a loan to th...View the full answer
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