When courts find that a corporate organization is being misused,the corporate entity can be disregarded.This has been called
A) cracking the corporate shell.
B) piercing the corporate veil.
C) breaking the corporate shield.
D) breaching the corporate defense.
E) rupturing the corporate law.

Question

Quizplus · Accepted Answer

When courts find that a corporate organization is being misused, the corporate entity can be disregarded. This has been called piercing the corporate veil. When this veil of protection has been pierced, the shareholders are treated like partners who have unlimited liability for their organization's debts.

When Courts Find That a Corporate Organization Is Being Misused,the