The principle that a corporation has an existence separate from its shareholders is absolute and there are no exceptions.

Name: The principle that a corporation has an existence separate from its shareholders is absolute and there are no exceptions.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

While the principle of corporate personhood treats a corporation as a legal entity separate from its shareholders, there are exceptions such as "piercing the corporate veil," where courts can hold shareholders personally liable under certain circumstances.

The Principle That a Corporation Has an Existence Separate from Its