A Corporation with One Person Who Is the Only Shareholder,officer,and

question 60

True/False

A corporation with one person who is the only shareholder,officer,and director will have its corporate veil pierced,making that person personally liable for all the obligations of the dominated corporation.

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Definitions:

Polynomials

Polynomials are mathematical expressions that consist of variables and coefficients, involving operations of addition, subtraction, multiplication, and non-negative integer exponents.

Linear Equations

Mathematical equations where any variables appear to the power of one and graph as straight lines.

Linear Equations

Mathematical equations that represent straight lines when graphed, typically expressed in the form y = mx + b.

Linear Equations

Mathematical expressions that represent a straight line when plotted on a graph, typically in the form y = mx + b, where m is the slope and b is the y-intercept.