________ is a doctrine that says if a shareholder dominates a corporation and uses it for improper purposes, a court of equity can disregard the corporate entity and hold the shareholder personally liable for the corporation's debts and obligations.

Question

Quizplus · Accepted Answer

The doctrine described in the question is known as piercing the corporate veil, which allows a court to disregard the separate legal entity of a corporation if a shareholder abuses it for personal gain. This can result in the shareholder being held personally liable for the corporation's debts and obligations. The other choices listed (B, C, and D) are unrelated to the concept of piercing the corporate veil.

________ Is a Doctrine That Says If a Shareholder Dominates