Submit

Select the answer that best describes the meaning and effect of the 'corporate veil':

Question 1

10 points

Saved

a.

It is designed to make it impossible for anyone to find out who is in control of a

company.

b.

It allows directors and ocers to escape their legal obligations or to commit a fraud.

c.

It is terminology used to separate the company from its members and

directors/ocers.

d.

It can only be lifted by the courts.