Which of the Following Factors Are Considered When One Tries

question 20

Multiple Choice

Which of the following factors are considered when one tries to pierce the corporate veil?

• A) did the corporation observe corporate formalities such as holding meetings?
• B) did the corporation keep separate bank accounts?
• C) were corporate funds used for corporate and not personal purposes?
• D) was the corporation undercapitalized?
• E) all of the above.

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Definitions:

Alexander Hamilton

One of the Founding Fathers of the United States, known for his role in the country's financial system, the Federalist Papers, and as the first Secretary of the Treasury.

Political Party

An organized group of people with at least roughly similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Ultimate Goal

The overarching objective or aim that an individual, group, or organization strives to achieve.

Primary Elections

Elections held to determine the nominees from political parties who will run in the general election for various offices.