________ Doctrine Is a Doctrine That Says If a Shareholder

question 69

Multiple Choice

________ doctrine 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.

• A) Alter ego
• B) Transferred intent
• C) Crashworthiness
• D) Attractive nuisance

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Definitions:

Company

An organized entity formed for the purpose of conducting business, which may involve selling goods or services.

IPO

Initial Public Offering, the process by which a private company becomes publicly traded by offering its shares to the public for the first time.

Open Market

A system or environment where goods, services, and financial instruments are traded freely between participants without significant restrictions.

Return of Cash

The process of distributing cash to shareholders, usually in the form of dividends or the repurchase of shares, representing a return on their investment.