Why did the court pierce the veil in Gilford Motors v Horne? Indicate the correct response.

In Gilford Motors the court determined that the company had not been properly registered; it was not compliant with appropriate registration procedures

The court found that ex-employees of a similar company are not permitted under common law to establish a similar company

If a company is set up for a fraudulent purpose, e.g. to defeat a contract, the court's may refuse to recognise the separateness of the individual claiming to be entirely independent of a company entity

The court determined that the false advertising by the new company disentitled the company from being a separate legal entity