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Triple Corporation is being sued by its distributor, DDI, for nonpayment of debts. DDI will be able to hold Joseph Smith, a shareholder of Triple,

Triple Corporation is being sued by its distributor, DDI, for nonpayment of debts. DDI will be able to hold Joseph Smith, a shareholder of Triple, personally liable for the company's debts.

a.

Triple Corporation is overcapitalized.
b.

The shareholders' personal assets are materially commingled with Triple's assets.
c.

Triple's articles of incorpoation allow for more than one class of stock.
d.

Triple has four shareholders, including Joseph Smith.

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