What Does the Term "Reverse Piercing" Reference in Regard to a Corporation

question 39

Multiple Choice

What does the term "reverse piercing" reference in regard to a corporation and its shareholders?

• A) Holding a corporation liable for debts of a shareholder
• B) Holding a shareholder liable for debts of a corporation
• C) Holding a corporation liable for debts of a shareholder and holding a shareholder liable for debts of a corporation
• D) Holding a corporation liable for debts of a shareholder,holding a shareholder liable for debts of a corporation,and holding officers liable for debts of a corporation.

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Definitions:

Division

A mathematical operation symbolized by ÷ or /, indicating the splitting of a quantity into equal parts or the process of finding how many times one number is contained into another.

Simplify

The process of altering an expression or equation to make it easier to work with, often by combining like terms or using mathematical properties.

Synthetic Division

A streamlined method for dividing polynomials, focusing on the coefficients and omits variables and exponents for efficiency.

Polynomial

An algebraic expression consisting of variables and coefficients, combined using only addition, subtraction, multiplication, and non-negative integer exponents.