Question $15(1$ point$)$

In Florence Cement Company v$.$ Vittraino, Florence sought to pierce Shelby's corporate veil and hold the principals personally liable by claiming Shelby mixed personal and business transactions and had engaged in fraud in a loan application.

The appeals court held that

the veil could be pierced.

piercing the corporate veil was not warranted.

Shelby was liable for the $$114,557$ owed to Florence

Florence had an opportunity to mitigate damages.