Don Sets Up Empty Vessel Inc

question 3

Multiple Choice

Don sets up Empty Vessel Inc. (EVI) , but fails to provide the firm with sufficient capital. Don formed EVI not to make a profit but to assume debts that he does not wish to pay. This most likely warrants

• A) tricking Don into disclosing EVI's true purpose to Don's creditors.
• B) recognizing EVI as a de facto corporation.
• C) piercing EVI's corporate veil.
• D) requiring Don to commingle his personal funds and EVI's funds.

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Definitions:

False Alternative

A logical fallacy where only a limited set of options are presented, ignoring other viable alternatives.

Premises

Statements or propositions upon which an argument is based or from which conclusions are drawn.

Excludes

A term used to indicate that certain items or categories are not part of a group or set.

Alternatives

Other options or choices available in a given situation.