Pursuant to the __________ Theory,when a Corporation Is So Dominated

question 23

Multiple Choice

Pursuant to the __________ theory,when a corporation is so dominated and controlled by shareholders,officers,and/or directors that the separate personalities of the individuals and the corporation no longer exist and there is a wrongful use of that control,the courts will disregard the corporate entity so as not to sanction a fraud or injustice.

• A) alter ego
• B) altered states
• C) puppeteer
• D) invisible hand

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Definitions:

Bearer Instrument

A financial document that entitles the holder or bearer to the rights or assets it represents, without the need to prove ownership.

Signature

A person's handwritten mark or sign, typically used for authorization or as a form of identification in documents.

Primarily Liable

Being directly responsible or obligated to satisfy a debt or legal obligation, especially before any other party.

Right To Reimbursement

The legal right of a party to be compensated for expenses they have incurred on behalf of another party.