Asked by
Connor Gaffey
on Nov 22, 2024Verified
Which of the following is true regarding corporate executives being held personally liable for business crime under the "responsible corporate officer" doctrine?
A) A corporate executive may never be held personally liable for a business crime.
B) Corporate executives may only be held personally liable for a business crime if they benefited personally from their actions in executing the business crime.
C) Corporate executives may be found personally liable for a business crime even if they did not engage in, direct, or know about a specific criminal violation.
D) A court may not assess criminal liability on a corporate executive unless the executive directly engaged in the specific criminal violation.
E) Criminal liability may not be assessed against a corporate executive unless the executive directly engaged in the criminal activity and also profited directly and personally from the criminal activity.
Responsible Corporate Officer Doctrine
A legal principle that holds company executives personally liable for the illegal actions of their company if they were in a position to prevent the actions.
Personally Liable
The legal responsibility of an individual to settle a debt or obligation from their own assets.
- Identify the legal responsibilities of corporate leaders in criminal activities according to certain statutes and principles.
Verified Answer
BC
Learning Objectives
- Identify the legal responsibilities of corporate leaders in criminal activities according to certain statutes and principles.
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