Question

A corporate doctrine which the stockholders are not personally liable for corporate debts

A. Piercing the veil of corporate fiction
B. Separate legal entity
C. Trust fund doctrine
D. Corporate opportunity

Answer 1

A corporation is a separate legal entity that provides protection from liability to individual owners.

Step-by-step explanation:

A corporation is a business structure that provides protection from liability to individual owners, as the company is legally seen as its own entity. This concept is known as the separate legal entity principle. Shareholders are not personally liable for corporate debts because they have limited liability, meaning that their liability is limited to the amount they have invested in the corporation.