Luke is an owner of Lucky Luke's Corporation.Luke uses the corporate entity of Lucky Luke's to perpetuate fraud.In this case,a court is likely to expose Luke to personal liability by

Question

Quizplus · Accepted Answer

Piercing the corporate veil is a legal doctrine used by courts to hold shareholders or owners personally liable for the actions of their corporation, particularly in cases of fraud or misuse of the corporate structure. Therefore, if Luke is using the corporate entity of Lucky Luke's to perpetuate fraud, the court is likely to pierce the corporate veil and hold him personally liable for the actions of the corporation. Options B, C, and D are not relevant to this scenario.

Luke Is an Owner of Lucky Luke's Corporation