________ Is a Doctrine That Says If a Shareholder Dominates

question 120

Short Answer

________ is a doctrine that says if a shareholder dominates a corporation and uses it for improper purposes,a court of equity can disregard the corporate entity and hold the shareholder personally liable for the corporation's debts and obligations.

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Definitions:

Family Members

Individuals related by blood, marriage, or adoption, often sharing a common household or familial bond.

Recognition

The acknowledgement or identification of the existence, validity, or legality of something.

Withdrawal

The action of withdrawing something or the process of being removed from a situation, substance dependency, or social interaction.

Patient Confidentiality

The ethical and legal principle that mandates healthcare professionals to keep a patient's personal and medical information private.