Courts Have Responded by Piercing the Veil When the Shareholders

question 53

Multiple Choice

Courts have responded by piercing the veil when the shareholders have:

• A) not followed the formalities of corporate procedures.
• B) not provided an adequate financial basis for the business.
• C) used the corporation to defraud.
• D) All of these.
• E) Not followed the formalities of corporate procedures or  used the corporation to defraud.

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