Question $41$

$3\mathrm{.}33p$

Jimbo owns JB Corporation. Jimbo regularly uses the JB corporate credit cards to pay for household groceries and his kids school tuition. If litigation were later commenced against JB Corporation, this comingling of funds could result in

an award of punitive damages.

a forfeiture of corporate assets.

a recognition of de facto corporate status.

a piercing of the corporate veil.