Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If creditors of a corporation seek to pierce the corporate veil which of the following is generally NOT a factor for the court to consider:
If creditors of a corporation seek to "pierce the corporate veil" which of the following is generally NOT a factor for the court to consider: Intermingling of corporate and personal funds. Failure to have meetings, minutes and elections of directors and officers. Perpetual duration of the corporation. Complete domination by one shareholder. Which of the following is NOT true chose E if all are correct): OA) The sale of stock and other securities is regulated by the federal government under the Securities Act of 1933. B) The sale of stock and other securities is regulated by state governments under the Blue Sky laws. C) Some passive investments are regulated as securities even if they are not called "stock" or "securities". OD) Directors of a corporation have fiduciary responsibilities to the shareholders of a corporation that may result in personal liability of the directors if the directors fail in this responsibility. OE) All of the above are correct
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started