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:
Verified
Q21: Which of the following is false regarding
Q68: _ directors are not officers or employees
Q69: Owners of _ stock enjoy preferences with
Q70: Which of the following are debt securities?
A)Stocks
B)Bonds
C)Certificates
Q71: Typically,how are corporate directors chosen?
A)By a majority
Q72: Owners of _ stock own a portion
Q74: _ directors are outside directors who do
Q75: A director may be removed _.
A)at the
Q77: Which of the following types of securities
Q78: _ own(s)the corporation.
A)Directors
B)Officers
C)Shareholders
D)Affiliates
E)The state
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