Apply It: Corporate Formation

Total points: $--/5$

Attempts left: $2$

Given this new evidence, a court likely

select answer find that Lakes Express was tricked or misled into dealing with the corporation rather than the individual.The court likely select answer find that the corporation was undercapitalized, created to evade an existing legal obligation, or failed to comply with the required corporate formalities and meetings. The court likely

select answer find that the personal and corporate interests were commingled to such an extent that the corporation had no separate identity with regard to the relationship with Lakes Express. Because of these findings, the court likely select answer pierce the corporate veil and hold Toby Solo personally responsible for the debt to Lakes Express.