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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Related Questions

Disclosing workplace issues in a public setting is _

Answers

It is unprofessional

justify the title of the poem?
the leader and the led

Answers

Answer:

The title of the poem The Leader and the Led by Niyi Osundare speaks to the various dimensions of attitude within the ambit of Leadership.

It speaks to the indivisible union between leadership and followership.

In the first line, he opens up the poem by describing the attribute of the Leader as a lion who is unafraid to stake his claim. He contrasts that with the Antelope who is always fearful and reminded of the paws of the Lion.

It speaks therefore to the requirement of the Leader to be strong when he or she has to be. It also indicates that the leader cannot always be nice.

By an Ironic statement in line 9, he points out the reason why a duplicitous person cannot lead. He likens such a person to a Zebra. Duplicity equals the inability to inspire trust. Trust is an essential and critical quality for a leader. In line 10 he communicates that the followers are not as powerless as they have been painted to be in line 6 as fearful Impalas, for they also have the ability to finger the flaws of a leader to limelight and remove their following from he or she.

Lines 19 and 20 suffices in the description of a balanced leader as one who must be firm when it is required and gentle when the occasion calls for it.

The entire imagery painted by the poem is a fine depiction of leadership using metaphorical analogies of the animal kingdom.

For as in the animal kingdom, animals have leadership and following, so also do humans.

Kim just got a job as a parole officer. What kind of educational background does Kim likely have?

bachelor’s degree
master’s degree
technical training degree
associate’s degree

Answers

Answer:

technical training degree

Explanation:

A bachelors degree in criminal justice

Samantha Powers received an order from her commanding officer to report for duty at the Sunshine State Air Force base on Tuesday at 9 AM. Samantha decided she was hungry and went to a coffee shop instead. She finally reported 3 hours late. But by then her commanding officer had already reported her for failure to report. What type of law does this represent?

Answers

Answer:

Soon she reported late... basically its "Criminal Liability"

Which of the following remain a part of your driving recored for life?

Having no insurance and or DWI
Vehicle crashes
Parking tickets
Traffic violations

Answers

Answer:

Having no insurance and or DWI

Explanation:

Answer: Having no insurance or DWI

I hope this helped !

these attorneys have a high turnover rate and are known for learning the job

Answers

What ? Was that a question sorry a little confused

People are more likely to “buy in” to an organization strategy if:

Answers

Answer:

people are more likely to "buy in" to an organization strategy if: They participate in defining their role in the strategy.this answer has been confirmed as correct and helpful .

HURRY PLSS

Which court can have a juny?

3.5. Distnct Court, .U.S. Circuit Court of Appeals Flonda Supreme Court, U.S. Supreme Court​

Answers

The answer is the U.S. Supreme Court because it’s the highest court in the U.S.

2. What problems do for-private prisons bring up for Latinos in the criminal justice system.

Answers

Answer:

High rates of violence.High employee turnover.Lack of qualified employees.Lack of training for employees.High economic expenditure.

Explanation:

Private prisons are institutions that confine criminals and are, in most cases, used by state governments through contracts with those governments. These contracts may cover the entire presidency or only part of it.

This type of prison presents a great economic expense in relation to the lack of infrastructure and qualified professionals it presents. This allows the rate of violence between detainees and between staff and detainees to be very high, in addition to compromising rights and fair treatment among detainees.

How has the rule of law restricted government actions?

Answers

Answer:

In a limited government administered according to the rule of law, the rulers use power following established principles and procedures based on a constitution. ... The rule of law, however, is not merely rule by law; rather, it demands equal justice for each person under the authority of a constitutional government.

Calcular trabajo realizado al transportar una carga de 3nc a un punto donde la carga de potencial es de 3E3

Answers

Responder:

9 * 10 ^ -6 julios

Explicación:

Dado que :

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

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

Usando la relación:

ΔV = trabajo realizado, con carga, q

Trabajo terminado, W = ΔV * q

Ancho = (3 * 10 ^ 3) * (3 * 10 ^ -9)

W = (3 * 3) * 10 ^ (3-9)

W = 9 * 10 ^ -6 julios

Trabajo terminado = 9 * 10 ^ -6 julios

Which of the following is true regarding a guilty plea in a criminal case?
O It operates as an admission of the charge only, not the underlying facts
O It may be the basis for establishing facts in a later civil case
O It will occur as a part of the trial portion of a criminal prosecution
O It is legally equivalent to a “no contest” plea

Answers

The one that is true regarding a guilty plea in a criminal case is option A. It operates as an admission of the charge only, not the underlying facts. Hence, the correct answer is option A

A criminal case is the one that is liable to sentence punishment. A case that is punishable under law of any country. Hence, one is set to be in a criminal case when one is involved in any form of crime. The severity of the crime determines the gravity of the punishment.

What does guilty plea mean?

To plead guilty implies that one accepts that one did the crime charged. If one pleads guilty, the court will decide what should happen next, which could be a fine or a prison sentence.

Therefore, the correct answer is option A. It operates as an admission of the charge only, not the underlying facts.

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Which of the following people would be legally allowed to submit an affidavit
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A. The child's primary caregiver
B. The child's teacher
C. The child's psychologist
D. The child's parents

Answers

Answer:

c

Explanation:

c just did it

Answer: C. The child's psychologist

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Answers

According to Newton's third law of motion, whenever two objects interact, they exert equal and opposite forces on each other.

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act on two different objects
are of the same type (eg both contact forces)

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Answers

Yes. A bad coping habit can be as small as biting your nails to as bad as having an eating disorder.

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Answers

Answer:

William Jefferson Clinton is an American lawyer and politician who served as the ... Clinton's 1992 campaign manager, James Carville, successfully argued that Clinton's letter in which he .

Explanation:

Please give thanks to all my answers and please mark as brilliant and please follow me

Directions: Use the excerpt below when answering the question that follows.
"...we the people of Georgia, relying upon the protection and guidance of Almighty God, do ordain and
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--Preambe, GA State Constitution
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Property owners
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Answers

Answer:

i didn't know because I'm new

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material. The result was that these tires are far too likely to rupture at much
lower air pressure levels than normal. This has led to many accidents,
including some fatalities. The company has not been able to determine why
the material was defective. Which of the following is likely to be true in this
situation?
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defective material so that he or she can be punished.
B. If the company can recall all defective tires as soon as it has
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already took place.
C. The manufacturer as a company will be liable to pay significant
amounts of money to those harmed by the defective tires.
D. Because it is not clear why the material is defective, the
manufacturing company themselves cannot be held responsible.

Answers

Answer:

C. The Manufacturer...

Explanation:

A PEX

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Yes, yes it is...............
Only if given access to it depends

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2 Per state
Based on Population
The President Chooses
Based on land area

Answers

Answer:

Based on population its the answer

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Answers

Answer:

court reporter

Explanation:

In the plantations of old south how could the opinions and disposition of the owner affect the handling of crime

Answers

Since the plantation owner enacted the laws and set the punishments, his opinions and disposition affect the handling of any crime committed and they could be lenient or harsh based on these factors.

How were the plantations of the old south administered?

The plantations of the old south were administered solely by the individual owners without any government intervention.

Every decision depended on the whims and caprices of the landowner.

Thus, if a crime was committed within his property, the affected persons were at his mercy.

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C. political leaders
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D. religious leaders
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decisions and social justice.
5. A. celebrities
B. children
C. political leaders
D. religious leaders
5. This is the ability of a person in authority to guide others to achieve cert
organizational goals.
6. A. guidance
B. instruct
C. followership
D. leadership
6. The impact of a person to another person which causes him to change
behavior as convinced by the influencer.
7. A. personal relationships
B. followership
C. leadership
D. social influence
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A. concept
B. perception​

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

It’s civil law I hoped this helped

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for drivers ed btw :)

Answers

Answer:

concentration. Maybe will work in the case of driver. All the best!!

Answer:

Mind and body

Explanation:

trust

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significantly and cross the center line several times. The

officer pulls the car over, asks Tom to step out and searches

the area around the driver's seat. The officer finds an opened

liquor bottle and a small amount of marijuana under the seat.
Is the
warrantless search legal?

If it's legal, list and explain the rule that applies from Handout 2.

Answers

Answer: It's all you have to do like It's legal Studying the Founders themselves can aid in understanding the government they created. Many of the Founders knew each other before the Constitutional Convention and were able to draw on their personal relationships when trying to garner a consensus for specific proposals to be included in the Constitution. Students will explore these relationships by creating a Founders' Social Network using Handout 2.

The teacher may assign a Founder to each student or allow the students to choose one. After students complete the profile and likes section on Handout 2, post them on the wall. Students will then browse the other profiles to determine who would likely be "friends" with their assigned Founder, then fill out the Friends section of the handout.

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Comrade
Citizen
Servant
Patriot

Answers

Answer:

Comrade

Explanation:

Answer:

Citizen

Explanation:

Glen is a dairy farmer who owns 500 milk cows. His fences are in poor repair, and his cows are often found eating the grass on Hank's land. Hank believes that Glen is responsible for damages to Hank's land on a theory of strict liability. The court will most likely find that Glen is:

Answers

Answer:

I would say that Glen is responsible for all of the damages that are caused to Hank's land because the cows belong Glen and it is Glen's responsibility to fix things that are broken on his land so that way the animals don't escape. There fore I would say that Glen is responsible for the damages because he failed to keep his cows under control.  

Explanation:

What is an advantage of photographing animals at the zoo rather than the wild?

Answers

Answer:

they animals is in cages so they won't get to kill u I don't know

Match each statement with the correct item.

John Peter Zenger

Eighth Amendment

Susan B. Anthony

Fourteenth Amendment

Thomas Jefferson

civil liberties

Nineteenth Amendment

poll tax

bail

unreasonable searches and seizures


required states to grant all citizens “equal protection under the law”


guarantees women the right to vote


involved in a court case supporting freedom of the press


described the establishment clause as a “wall of separation between church and state”

security deposit to encourage attendance in court


a fee paid in order to vote


suffrage leader during the 1800s


prohibited by the Fourth Amendment


freedom to think and act without government interference


protects an accused person from excessive bail

Answers

Answer:

order

Explanation:

poll tax- a fee paid in order to vote.bail- security deposit to encourage attendance in court.civil liberties- freedom to think and act without government interference.19th amendment- woman right to vote. 14th amendment-"equal protection under law"?[not sure for 5] Susan b Anthony- feminist/suffrage leader.8th amendment-protects an accused person from excessive bail. john p zenger- involved a case involving freedom of press. 4th amendment- unreasonable searches and seizures. jefferson- wall of separation between church and state
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