Examlex
Which of the following statements is true regarding disparate impact?
Piercing
Piercing, often related to "piercing the corporate veil," refers to the legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors.
Corporate Veil
A legal concept that separates the actions and liabilities of a corporation from those of its shareholders or directors.
Personal Liability
The legal responsibility of an individual to satisfy debts or obligations from personal assets, not protected by limited liability through a corporate structure.
Incorporators
Individuals involved in forming a corporation, who sign the articles of incorporation and may act as temporary directors until a board is elected.
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