Because It May Result in a Piercing of the Corporate

question 37

Multiple Choice

Because it may result in a piercing of the corporate veil, shareholders' continuous use of corporate property should most especially be avoided by

• A)a benefit corporation.
• B)a publicly held corporation.
• C)no corporation-corporate shareholders' liability is limited.
• D)a close corporation.

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Definitions:

Solution

A mixture in which all the components are evenly distributed at the molecular level, or a way to solve a problem.

Tid

An abbreviation for "ter in die," a medical term meaning three times a day, usually in the context of prescribing medication.

Bid

An offer made by an individual or entity to buy something.

Prn

An abbreviation for "pro re nata," a Latin phrase meaning "as needed"; often used in prescriptions to indicate that medication should be taken as required.