Question: Should there be additional situations in which a plaintiff should be able to pierce the corporate veil and hold shareholders personally liable for the actions

Should there be additional situations in which a plaintiff should be able to pierce the corporate veil and hold shareholders personally liable for the actions and inactions of the corporation?.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Case: BLD Products, LTC v. Technical Plastics of Oregon [1] Facts: Mark Hardie was the sole member of Technical Plastics of Oregon, LLC (TPO). The company operated out of Hardie's home, and Hardie...

Please help with business law questions over corporations and answer questions one through six 1. Assume the football team is set up as a C corporation and that Lenny, Sarah, and Sam are the...

Brennan's,INC V Colbert Background and fact ;Pip, Jimmy and Theodore Brennan are brothers and shareholders of Brennan's Inc., which owns and operates New Orleans's famous Brennans restaurant,In 1998,...

Chapter 26 "The legal form of a business can have great bearing on the successful operation and result-ing profitability of the business venture. Accordingly, it is important to have a general...

Summary of facts: Mr. Kumar was the president and shareholder of Big Bend Hotel Ltd. Prior to acquiring this hotel, he was president and owner of another hotel which was destroyed by fire. Kumar...

QUESTION 20 Two existing companies would like to work together on a new product while maintaining their independence. Expenses, profits, and losses would be shared between the companies. An...

Ralph, a salesperson for Southwest Corporation, learns that Southwest will be merging with Northeast Corporation. Ralph buys 1,000 shares of Southwest stock. When the price of the Southwest stock...

WILL LIKE AND GIVE REVIEW. need all of these answered. dont need an explantion. just the answers. thank you Question 6 1F The following apply to preferred stock EXCEPT: May be cumulative or...

please answwe all!!. will like and review if all answers are provided thank you D Question 8 1 pts If the employer requires a degree, certification, or license for a job, which of the following will...

Below are spot exchange rate quotes from three F/X dealers. Based on these F/X quotes, which of the following is a profitable triangular arbitrage trade? Winken quotes the Japanese yen per USD...

Name the three cases of part or product variety in manufacturing systems. Briefly define each of the three cases.

View Policies Current Attempt in Progress A manager of an investment center can improve R C by increasing average operating assets. increasing variable costs. reducing variable and / or controllable...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...