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Eton Owns Fast Freight Company

Question 66

Multiple Choice

Eton owns Fast Freight Company. He uses the firm's funds to pay his personal expenses, creates Go Trucking Inc. to engage in the same business, transfers Fast Freight's assets to Go Trucking, and petitions Fast Freight into bankruptcy. This most likely warrants


A) a bonus to Eton for effectively eliminating the firm's debts.
B) a discharge for Fast Freight in bankruptcy.
C) a pierce of the corporate veil.
D) the application of the doctrine of corporation by estoppel to Go Trucking.

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