Question: i need the answer to this asap please In a breach of contract case, judge finds defendant liable and also finds defendant commingled personal funds
i need the answer to this asap please
In a breach of contract case, judge finds defendant liable and also finds defendant commingled personal funds with corporate funds. Judge orders that defendant personally liable. This is not legal, as individuals cannot be liable for corporate debts. This is known as an undercapitalized corporation. This is known as piercing the corporate veil. This is known as the ultra vires doctrine
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