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FIN$520-$ Week $1$ Coursework $($Your Name$)2$

$125\%$

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Sheet$1$

UNIVERSITY OF NORTH AMERICA

$\backslash$table$[[$UNIVERSITY OF NORTH AMERICA,,,,,,$],[$FIN$520-$ COURSEWORK WEEK $1,,,,,,],[,,,,,,],[,,,,,,],[$Name:$,,,,,,],[$Date:$,,,,,,],[,,,,,,],[$P$1$ Liability comparisons Nerissa Smith has invested $$47,000$ in Northeast Productions Company. The firm,,,,,,$]]$

has recently declared bankruptcy and has $$108,000$ in unpaid debts. Explain the nature of Nerissa's personal liability, if any, in each of the following situations.

$\backslash$table$[[1,,,1,1,1,,,,$