sherm. A cigarette or joint of some sort dipped in Phencyclidine more commonly known as PCP, which is then smoked. The name sherm was originally coined from, people dipping Nat Sherman cigarettes into liquid PCP. PCP comes as either a white powder or liquid form, the latter given the street name embalming fluid..There is much confusion over the practice of dipping cigarettes in embalming fluid leading some to think that real embalming fluid may actually be used.CP comes as either a white powder or liquid form, the latter given the street name embalming fluid.. There is much confusion over the practice of dipping cigarettes in embalming fluid leading some to think that real embalming fluid may actually be used.
A corporation or LLCâs owners may also be held personally liable if they are found to have committed fraud. If the owner made fraudulent representations or omissions when applying for a business loan, he or she can be held personally responsible for the resulting harm to the creditor and risk losing personal assets.osigning or Personally Guaranteeing Business Debts. If you cosign on a business loan, you are as equally responsible as the corporation or LLC to pay it back. This is usually the simplest way to voluntarily make yourself liable for your companyâs debts.
The role of directors is one of stewardship. Directors are responsible for managing or, under some statutes, supervising the management of, the corporation. If the Board of Directors is dissatisfied with company management, its recourse is through the company's CEO.If the CEO is not performing as expected, the Board may replace him. Shareholders make a financial investment in the corporation, which entitles those with voting shares to elect the directors. director's duty is owed first and foremost to the corporation. This duty is grounded in basic principles of good faith, stewardship and accountability. Requirements imposed both by common law and various statutes seek to establish the parameters of this duty without limiting the flexibility of these principles. 1.