Solved

In Which of the Following Situations Would a Court Likely

Question 73

Multiple Choice

In which of the following situations would a court likely to pierce the corporate veil?


A) Shareholders attempt to commit fraud through a corporation.
B) A corporation followed statutory mandates regarding corporate business.
C) Shareholders' personal interests and corporate interests are separate.
D) A corporation had adequate capital when it initially formed.
E) None of the above; because a corporation is a legal entity separate from its owners (i.e.,its shareholders) ,a court cannot pierce the corporate veil in order to impose personal liability on shareholders.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents