__________ Refers to a Method by Which Courts Hold Shareholders

question 32

Multiple Choice

__________ refers to a method by which courts hold shareholders individually liable for claims against a corporation.

• A) Reverse liability
• B) Piercing the corporate veil
• C) Upholding the ethical theory
• D) Unveiling

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Definitions:

Automobile

A wheeled motor vehicle used for transportation, typically carrying passengers.

Competition

A market condition where various sellers vie to attract customers by offering better terms, services, or goods.

Specialization

The process of focusing effort and resources on a specific task or area of production to increase efficiency and expertise.

Trade

The exchange of goods, services, or both within or between countries.