Charles Bonney,the sole stockholder of Kid Corporation,wrongfully used the corporation to avoid a personal liability.A court's disregard of the corporate entity to hold Bonney personally liable is called:

Question

Quizplus · Accepted Answer

Piercing the corporate veil is a legal concept where a court disregards the separate legal identity of a corporation and holds its shareholders personally liable for the corporation's actions or debts. In this case, since Charles Bonney wrongfully used the corporation to avoid personal liability, the court may disregard the corporate entity and hold him personally liable.

Charles Bonney,the Sole Stockholder of Kid Corporation,wrongfully Used the Corporation