The "corporate veil" is most likely to be pierced in the case of closely held corporations and in parent-subsidiary relationships.

Name: The "corporate veil" is most likely to be pierced in the case of closely held corporations and in parent-subsidiary relationships.
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Question

Quizplus · Accepted Answer

Closely held corporations and parent-subsidiary relationships are more likely to have blurred lines between the corporation and its owners, making it easier for courts to pierce the corporate veil in cases of fraud or other misconduct.

The "Corporate Veil" Is Most Likely to Be Pierced in the Case