Please answer these questions.

Preferred stock typically does not have the right to payment of dividends on the dissolution of the corporation.

-True

-False

A joint venture is an IRS-created taxable entity that allows limited liability for its owners.

-True

-False

Naomi, owner of Ruth Corp., uses Ruth Corp. as a way to order merchandise for her personal benefit and fails to pay for the merchandise. Creditors who have shipped merchandise to Ruth Corp want to sue Naomi personally. Which of the following legal doctrines would allow a personal suit against Naomi?

A)Corporation by estoppel

B)Piercing the corporate veil

C)De facto corporation

D)De jure corporation