Niki owns O.K.Oil Corporation.Niki uses O.K.'s funds to pay her personal expenses,creates Pure Fuel Corporation to engage in the same business as O.K. ,transfers O.K.'s assets to Pure Fuel,and petitions O.K.into bankruptcy.This most likely warrants

Question

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Niki's actions of using O.K.'s funds for personal expenses and transferring assets to Pure Fuel Corporation while petitioning O.K. into bankruptcy indicate a disregard for the separate legal entity of O.K. This justifies piercing the corporate veil, which would hold Niki personally liable for O.K.'s debts and obligations. A bonus or discharge in bankruptcy for O.K. would not be appropriate in this scenario, and reviewing Pure Fuel's articles of incorporation is unlikely to address the issue at hand.

Niki Owns O