Piercing the corporate veil means that a court will ignore the corporate structure and:
A. require the board of directors to assume personal liability to creditors for corporate debts.
B. require the corporate officers to assume personal liability to creditors for corporate debts.
C. expose the shareholders to personal liability.
D. expose the board of directors to personal liability.

Answers

Answer 1

Piercing the corporate veil means that a court will ignore the corporate structure and C. expose the shareholders to personal liability.

The concept of piercing the corporate veil is a legal doctrine that allows a court to disregard the limited liability protection typically afforded to shareholders of a corporation. Normally, one of the main advantages of forming a corporation is that shareholders are not personally liable for the debts and obligations of the corporation.

However, under certain circumstances, a court may "pierce the corporate veil" and hold shareholders personally liable for the debts or actions of the corporation. This is typically done when a court determines that the corporation is being used to perpetrate fraud, evade legal obligations, or unjustly shield shareholders from liability.

When the corporate veil is pierced, the court looks beyond the separate legal entity of the corporation and holds the shareholders personally responsible for the corporation's actions or debts. This means that the shareholders can be held liable with their personal assets to satisfy the corporation's obligations.

It's worth noting that piercing the corporate veil is not a common occurrence and is generally reserved for exceptional cases where there is clear evidence of wrongdoing or abuse of the corporate structure. Courts apply a set of specific factors and considerations to determine whether piercing the corporate veil is appropriate in a particular case.

The doctrine of piercing the corporate veil is intended to prevent individuals from using the corporate form as a shield to engage in fraudulent or unfair activities. By exposing shareholders to personal liability, the court aims to ensure accountability and prevent abuse of the corporate structure.

In summary, when a court pierces the corporate veil, it disregards the limited liability protection of shareholders and exposes them to personal liability. This is typically done in cases of fraud, evasion of legal obligations, or other abuses of the corporate structure. Piercing the corporate veil serves as a mechanism to hold shareholders accountable and prevent the misuse of the corporate form.

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Answers

Answer:

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Answer:

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Answer:

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Answers

Answer:

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Explanation:

A PEX

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Answer:

order

Explanation:

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Answers

Answer:

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Answers

Answer:

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Explanation:

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Answers

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Answers

Answer:

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Answer:

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Answers

Answer:

Having no insurance and or DWI

Explanation:

Answer: Having no insurance or DWI

I hope this helped !

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Answer:

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Answer:

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Answers

Responder:

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Explicación:

Dado que :

Carga, q = 3nC = 3 * 10 ^ -9 C

Diferencia de potencial, ΔV = 3E3 = 3 * 10 ^ 3 V

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Answers

Answer:

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Answers

Answer:

c

Explanation:

c just did it

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Answers

Answer:

4. C 5. D 6. D. 7. B

Explanation:

Check if I am right before confirming your answers.

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Answers

Answer:

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It speaks to the indivisible union between leadership and followership.

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Answers

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Answers

Answer:

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Answers

Answer:

technical training degree

Explanation:

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