Question: What does the term reverse piercing reference in regard to a corporation and its shareholders? a) holding a corporation liable for debts of a shareholder

What does the term "reverse piercing" reference in regard to a corporation and its shareholders?

a) holding a corporation liable for debts of a shareholder

b) holding a shareholder liable for debts of a corporation

c) holding a corporation liable for debts of a shareholder and holding a shareholder liable for debts of a corporation

d) holding a shareholder liable for debts of a corporation, holding a corporation liable for debts of a shareholder, and holding officers liable for corporations

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 Law Questions!

What does the term "reverse piercing" reference in regard to a corporation and its shareholders? Group of answer choices Holding a corporation liable for debts of a shareholder Holding a shareholder...

"Piercing the corporate veil" refers to _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . Question 1 options: 1 ) holding shareholders liable for the debts of a corporation 2 ) holding officers liable for...

Side Agreements Business Law Individual Assignment I. Introduction The Commercial Companies Law of the United Arab Emirates (Federal Law No. 8 of 1984, as amended) provides for seven types of...

BUSINESS LAW - BLAW150 - Winter 2017 Instructor: Frank Fischer ASSIGNMENT #2 - 1st Alternative DUE DATE: Friday April 21, 2017 11:59 pm I have decided to create two (2) alternative assignments for...

Pete Poblano and Levi Jackson were good friends who graduated from the Cornell College of Business in 2018 and decided to return to Ithaca in 2019 to start their own businesses. Pete had worked since...

This is a question I am working on and struggling with. I have attached the "referenced" chapters if needed. Thanks for any help on it. 1) A corporation may be defined as a creature of the state as...

Dog House Investments, LLC v. Teal Properties, Inc Dog House leased the property from Teal Properties, Inc., which was owned by Jerry Teal, its sole shareholder. Under the lease, the landlord...

For your 2ND POST , please do the following: In your text, the author explains: Piercing the Corporate Veil Shareholders of a corporation generally have limited liability (i.e., they are liable for...

BUSL250 INSOLVENCY RESTRUCTURING 1 Insolvency s95A : defines solvency - and a person that is not solvent will be insolvent Insolvent: when a company (person) is unable to pay its debts and as and...

1. ABC Corporation substantially complies with all conditions precedent to incorporation. ABC Corporation has a. corporate existence by estoppel. b. de facto existence. c. de jure existence. d. ultra...

For the reaction: 2H2O(l) + 2Cl-(aq) > H2(g) + Cl2(g) + 2OH-(aq) a) Calculate G at 25C. b) Calculate G at 25C when pH2 = pCl2 = 0.250 atm, [Cl-] = 0.335 M and the pH of the solution is 11.98.

Rondelli Company entered into an agreement to lease 12 computers from Estes Electronics Inc. The present value of the lease payments is $186,300. Assuming that this is a capital lease, what entry...

1. Both Baker (1986) and Bitner (1992) have developed typologies to investigate the role of the physical environment on human behavior. What are the main differences between these two typologies?

From a South African perspective: strategic management A way of avoiding the discontinuous innovation and market destruction associated with radical innovation is to be able to manage the transition...

13. In the statements below, put a cross for the statement you feel characterizes yourself best when you communicate with others. Its not necessarily the way you know you should communicate, but the...

8. What values do you want others to associate you with?

15. Now rank from 1 to 5 the areas that you think are most important to emphasize when communicating with others (1 is least important and 5 is most important to you). If you think it all depends on...