Which of the following is not a factor that may lead to "piercing the corporate veil" and imposing liability on corporate owners (shareholders) ?
A) grossly inadequate capitalization of the corporation
B) formation of the corporation to avoid personal liability for business obligations
C) formation of the corporation to perpetuate a fraud or conceal illegality
D) shareholder diversion of corporate funds or assets
Correct Answer:
Verified
Q40: A physical transfer of the certificate without
Q41: Donna called her stockbroker Henry and told
Q42: A shareholder has a right to inspect
Q43: Pursuant to the _ theory, when a
Q44: Manis owns 100 shares of stock of
Q46: The RMBCA provides that shareholders: _.
A) have
Q47: Dividends are payable in any of the
Q48: A shareholder has: _.
A) an absolute right
Q49: Statutes authorizing the formation of professional corporations
Q50: The Toy Corporation issued 200 shares of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents