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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Definitions:

Empathy

Understanding and having compassion for others.

Sympathy

A feeling of pity or sorrow for the distress of others; understanding or empathizing with someone else's emotional experiences.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Harassment Policy

Guidelines set by an organization to prevent and address inappropriate, threatening, or disturbing behavior.