Answer the questions directly and concisely. Do not repeat the questions. Write legibly. A mere "Yes or "No" answer will not be given any credit. Do not copy from the internet or google.

II

Explain the concept of the "doctrine of piercing the veil of corporate fiction". Cite at least 3 instances where this doctrine applies.

III

Discuss the trust fund doctrine.

IV

Distinguish illegal acts from ultra vires acts of a corporation.