Question: E THAT ANSWER. Question 9 5 pts Bill Bonney, the sole stockholder of Kidd Corporation, failed to maintain required corporate records, commingled corporate funds with
E THAT ANSWER.
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pts
Bill Bonney, the sole stockholder of Kidd Corporation, failed to maintain required corporate records, commingled corporate funds with his personal bank account, and wrongfully used the corporation to avoid a personal liability. A court order that disregards the corporate entity and holds Bonney personally liable is called:
piercing the veil of limited liability.
perforation of limited liability.
cracking the LLC
spiking the corporate shield.
None of the available answers are correct.
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