Walter Bradham,the Owner of Bradham Corporation Muddled His Personal Finances

question 65

Multiple Choice

Walter Bradham,the owner of Bradham Corporation muddled his personal finances with his business accounts.Following a suit into the financial irregularities at Bradham Corporation,a court subjected the Corporation to the decision of piercing the veil.Which of the following course is the court most likely to take in this case?

• A) It will convert Bradham Corporation into a separate legal entity.
• B) It will dissolve the corporation into a sole partnership under Bradham.
• C) It will change Bradham's liability in the business to one that of a limited partner.
• D) It will hold that Bradham has no personal liability for Bradham Corporation's debt.

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Definitions:

Nerve Cells

Specialized cells that transmit electrical signals throughout the body, also known as neurons.

Dendrites

Branch-like extensions of neurons that receive signals from other neurons or sensory stimuli.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Soma

The cell body of a neuron, containing the nucleus and metabolic machinery necessary for cell maintenance and function.