Devon Corporation has a subsidiary, Tanks, Inc., that specializes in the collection and cleaning of chemical drums. Tanks has not been cleaning or disposing of the drums properly. Devon:

Question

Quizplus · Accepted Answer

Devon Corporation could be held liable as a parent corporation for the actions of its subsidiary, Tanks, Inc., especially if it can be shown that Devon had control over Tanks' operations or was involved in the wrongful activities. Parent corporations can be held responsible for the actions of their subsidiaries under certain conditions.

Devon Corporation Has a Subsidiary, Tanks, Inc