Which of the following best describes when the Corporate veil exists?

a. Never, as the corporate veil is not a real company law term.

b. Once the statutory provisions state that is does.

c. Once the company notifies its creditors.

d. Once a company is registered and it separates the company from the people who formed it.

The corporate veil can only be lifted in which circumstances?

a. Under general law principles only.

b. Under specific statutory provisions only, such as Tax and OHS laws.

c. The corporate veil can never be lift.

d. Under both specific and general law provisions.