Does the corporate doctrine of piercing the corporate veil apply to LLCs? Should Hardie be personally liable
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Yes the doctrine of piercing the corporate veil does apply to LLCs Yes Hardie should be personally l...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
Question Posted:
Students also viewed these Business Law questions
-
Piercing the corporate veil is a very difficult argument to win and courts usually warranted in extraordinary circumstances. Why do you think that is so?
-
Should partners of a business be held personally liable for the debts of the business, or should their business activities and debts be kept separate from their personal activities? John and Jeff...
-
Does a similar restriction apply to S corporations? Explain.
-
The following financial statements for Brownstone plc are a slightly simplified set of published accounts. Brownstone plc is an engineering business that developed a new range of products in 2007....
-
Multiple choice Questions: 1) One of the six steps involved in performing analytical procedures includes the following: A) Analyze data and identify significant differences. B) Understand the...
-
Referring to earlier chapters, identify metals and alloys that have strengths comparable to those of reinforced plastics?
-
Assume the following information: Given this information, what would be the yield (percentage return) to a U.S. investor who used covered interest arbitrage? (Assume the investor invests $1 million.)...
-
Comfy Recliner Chairs completed the following selected transactions: 2016 Jul. 1 Sold merchandise inventory to Gray Mart, receiving a $43,000, nine-month, 12% note. Ignore Cost of Goods Sold. Oct. 31...
-
P7.27. Write a Boolean expression for the output of each of the logic circuits shown in Figure P7.27. A B F C (a) AB C BA (b) A B C Figure P7.27 (c) F
-
Below are certain events that took place at Hazzard, Inc., last year: a) Collected cash from customers b) Paid cash to repurchase its own stock c) Borrowed money from a creditor d) Paid suppliers for...
-
The landowners argued that the law often disfavors exculpatory clauses as a matter of public policy, and the court should therefore refuse to enforce these agreements. Comment.
-
1. How would you rule? 2. What issues might arise in enforcing the injunction? 3. Are the Johnsons allowed to park a tall mobile home or bus on the easement property?
-
Evaluate and simplify the following derivatives. d dx -(2xVx 2x + 2)
-
List and discuss four characteristics of an effective sales presentation or demonstration.
-
How should auditors use prior-year audit documentation in performing the con- trol risk assessment for the current year? What are the advantages and disadvan- tages of using prior-year documentation...
-
Assume an auditor concludes that there are material deficiencies in an organiza- tion's internal controls over financial reporting. Management agrees and reports the weaknesses in its report to...
-
Does the auditor's report on internal control cover all internal controls or only those over financial reporting? Explain the difference.
-
The auditor concludes that a public company has significant deficiencies in its in- ternal controls over financial reporting. Which of the following is a proper re- sponse to this finding? a. Report...
-
What is meant by the term "fair market value"?
-
Recall that Chapter 8 described the binary search algorithm for finding a particular entry in an ordered list. The idea behind binary search is to begin looking in the exact center of the list. If...
-
In Problems 3142, calculate the definite integral by referring to the figure with the indicated areas. A b a B 24 C d c\D X Area A 1.408 Area B = 2.475 Area C= 5.333 Area D = 1.792
-
A medical resident has Aspergers disorder. Evaluations of his work by supervising physicians were mixed, citing problems with communication skills, self-awareness, social competence, and relationship...
-
A department store clerk is a devout Catholic. The employee decided that she needed to make a religious pilgrimage to a site in Yugoslavia where several persons have claimed that the Virgin Mary...
-
The younger brother of an employee committed suicide. The employee was profoundly upset by the death, considered taking his own life, and experienced mental health problems for years thereafter. The...
-
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $62 per unit) Year 1 Year 2 $ Cost of goods sold (@ $43 per unit) Gross...
-
1. The numbers in cells B18 to B20 should be formulas that refer to B15. This allows the number of cases to be changed in cell 815 with the other cells changing automatically. Exce2. The formula in...
-
Based on the following transactions, answer the following questions. i. Purchased inventory with a cost of $28,300 on account. ii. Sales on account to customers totalled $54,700. iii. Payments made...
Study smarter with the SolutionInn App