Which of the Following Is a Criterion for a Court

question 50

Multiple Choice

Which of the following is a criterion for a court piercing the corporate veil?

• A)There is a judgment against the corporation that remains unpaid
• B)The company is a mere sham of another entity and fraud or conduct similar to fraud is involved.
• C)Unless this is done, creditors of the company will suffer hardship
• D)The shareholders of the company have been adjudged bankrupt.
• E)The corporation has refused to pay a debt

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Definitions:

Breach of Warranty

The failure to meet the terms of a promise or guarantee made about the quality or condition of a product or service.

Outdoor Outfitters

Companies or organizations that provide or sell equipment and supplies for outdoor activities.

Remedies Available

The various means a court of law has at its disposal to address, rectify or compensate for harm or injury caused by a breach of duty or right.

Written Warranty

A written warranty is a legally binding guarantee issued by a manufacturer or seller to a buyer, promising to repair or replace the product if necessary within a specified period.