The Dissolution of a Corporate Form,making It Back into a Sole

question 50

Multiple Choice

The dissolution of a corporate form,making it back into a sole proprietorship or general partnership,if the court finds that the owner carelessly mixed up personal and business assets or finances is(are) called

• A)piercing the veil.
• B)pass through taxation.
• C)torts.
• D)exculpatory clause.

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Definitions:

Homeostatic/Medical Approach

A perspective on health and disease emphasizing the maintenance of internal balance and the prevention or curing of sickness through medical intervention.

Steady State

A condition in which all aspects of a system are in balance, leading to a situation that remains unchanged over time unless disrupted by external forces.

Natural Steadystate

The condition of equilibrium in a natural system where the system remains stable over time through self-regulation mechanisms.

Intrarole Conflict

A situation where contradictory expectations arise concerning a single role, causing stress and confusion for the role occupant.