Maurice, a creditor of ABC Corp, believes that the corporation, has defrauded him. It appears that the corporation is undercapitalized, that money is being funneled to the three shareholders of the corporation who actively manage the corporation, and that the shareholders intend to defraud suppliers. Which of the following is true regarding options, if any, that Maurice has in this situation? Multiple Choice Maurice should seek to reach assets of the individual shareholders through piercing the corporate veil, So long as the corporation is validly incorporated, Mourice has no rights against individual shareholders and may proceed only against the corporation Maurice is entitled under these facts to engage in self-help measures and repossess any goods delivered to the corporation 4 Mike the CEO of ABC Corporation, made an informed decision about purchasing the assets of a competing company for ABC Corporation There was no conflict of interest, and he had a rational basis for the decision. Unfortunately, the decision turned out to be a bad one, and ABC Corporation lost significant amounts of money based on the transaction Which of the following would be the most likely result should a group of shareholders seek to hold Mike personally liable for that decision? 34 onts Multiple Choice 8005400 Mike would likely be held liable unless he car establish that ABC Corporation was already in financial trouble and that taking significant rises in order to improve the situation of the corporation was necessary Mke would likely not be held responsible for the losses based on the business judgment rule Mike would skely not be held responsible for the losses unless it would be established that he personally benefited from the transaction w Prey 4 of 30 !!! Next >