Which of the Following Is Not a Reason That a Court

question 50

Multiple Choice

Which of the following is not a reason that a court would likely pierce the corporate veil?

• A)Shareholders attempt to commit fraud through a corporation.
• B)Shareholders' personal interests and corporate interests are commingled such that the corporation has no separate identity.
• C)A corporation did not follow statutory mandates regarding corporate business.
• D)A corporation has de facto status.
• E)A corporation lacks adequate capital when initially formed.

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Definitions:

Conditional Probabilities

The probability of a specific event happening after another event has already taken place.

IUPAC

The International Union of Pure and Applied Chemistry, an organization that sets standards for naming chemical compounds.

Compound

A mixture resulting from the chemical combination of two or more elements in exact proportions.

Anisole

A colorless liquid organic compound, essentially methoxybenzene, used in perfume and flavoring.