If a Shareholder Dominates a Corporation and Misuses It for Improper

question 53

True/False

If a shareholder dominates a corporation and misuses it for improper purposes,a court of equity can disregard the corporate entity and hold the shareholder of the corporation personally liable for the corporation's debts and obligations.

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Definitions:

Biofeedback

A technique that teaches individuals to control bodily processes that are normally involuntary, like heart rate or blood pressure, through monitoring and feedback.

Adaptation-Level

A psychological principle suggesting that people adapt to a certain level of stimulation or experience, against which new experiences are judged.

Cardiovascular Health

Refers to the overall condition of the heart and blood vessels, focusing on the prevention and treatment of heart disease and related disorders.

Oxytocin Production

The creation of oxytocin, a hormone associated with bonding, social behaviors, and stress relief.