Carey,the owner of a corporation,uses the business checking account to pay his personal bills.He also makes business deals knowing the business cannot pay the invoices.If he is sued by one of his creditors,which of the following courses of action is most likely to be taken by the court?

Question

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If Carey is sued by one of his creditors,the court will most likely pierce the corporate veil.The doctrine of piercing the corporate veil usually has two elements: (1) misuse of the corporate form and (2) an unjust result if limited liability is allowed to stand.

Carey,the Owner of a Corporation,uses the Business Checking Account to Pay