When a court holds shareholders personally liable for corporate debts it is said to be:
A) "cutting the corporate veil"
B) "opening the corporate veil"
C) "closing the corporate veil"
D) "tearing the corporate veil"
E) none of the other choices are correct
Correct Answer:
Verified
Q395: The sale of shares in a closed
Q396: The profits of partnerships are taxed:
A) the
Q397: Double taxation on profits is:
A) a disadvantage
Q398: When a court "pierces the corporate veil"
Q399: If a partner assigns his interests in
Q401: To get the right to sell goods
Q402: The New York Stock Exchange is an
Q403: About _ of retail sales in the
Q404: Sales of _ and _ can be
Q405: Unless its articles of incorporation provide otherwise,
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