If the Owners of a Corporation Don't File Their Annual

question 66

Multiple Choice

If the owners of a corporation don't file their annual paperwork, neglect to pay their annual fees, or commit fraud, a court could ignore the fact that a corporation has been established and the owners could be held personally liable for the actions of the corporation. This chain of events is referred to as ________.

• A) vacating the corporate status
• B) yielding the corporate privilege
• C) surrendering the corporate shield
• D) piercing the corporate veil
• E) capitulating the corporate doctrine

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Definitions:

Radiopaque

A term describing substances that are impenetrable to X-rays and other forms of radiation, appearing white or light on radiographs.

Barium

A chemical element with symbol Ba and atomic number 56, used in medical imaging to improve the contrast of X-ray photographs.

Fluorescence

The emission of light by a substance that has absorbed light or other electromagnetic radiation, often seen in minerals, plant materials, and synthetic compounds.

Prone

Lying flat, especially face-down, or having a tendency or inclination towards something.