Question: answer true or false and why? X Corporation creates a subsidiary, Y Corporation, with the same officers and directors as X corporation. Y Corporation sells

answer true or false and why?

X Corporation creates a subsidiary, Y Corporation, with the same officers and directors as X corporation. Y Corporation sells its product only to X Corporation, and at a very low price. After 3 years Y Corporation is insolvent. X Corporation is not liable for Y Corporation's debts. O True False

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