Asked by diksha pathria on Jun 10, 2024
Verified
Courts will sometimes ignore the separateness of a corporation and its shareholders by piercing the corporate veil in order to:
A) promote justice and to prevent inequity.
B) prevent equity only.
C) promote justice only.
D) set examples for other corporations.
Piercing The Corporate Veil
Holding a shareholder responsible for acts of a corporation due to a shareholder’s domination and improper use of the corporation.
Promote Justice
The act of advocating for fair treatment and equal rights within legal, societal, or institutional contexts.
Shareholders
Individuals or entities that own shares in a corporation, making them partial owners and entitling them to potential dividends and certain rights within the corporation.
- Gain insight into the doctrine of piercing the corporate veil and its implications.
Verified Answer
Learning Objectives
- Gain insight into the doctrine of piercing the corporate veil and its implications.
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