When a court disregards the corporate entity to prevent an injustice, it is referred to as
A) piercing the corporate veil.
B) corporate liability.
C) unlimited shareholder liability.
D) shareholder responsibility.
Correct Answer:
Verified
Q4: In smaller statutory close corporations, the corporation
Q5: To become an S Corporation, the corporation's
Q6: A_ corporation is a corporation that owns
Q7: To be eligible for S Corporation status,
Q8: Corporations do not generally offer sharehold- ers
Q10: To be considered tax-exempt for federal income
Q11: It is generally considered illegal to place
Q12: Shareholders usually elect the corporation's
A) directors.
B) managers.
C)
Q13: A business corporation is not an
A) entity
Q14: The corporation's state of domicile is the
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