Simons hired NSC, a corporation wholly owned by Sorensen, to build a home. After completion, Simons complained
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Simons hired NSC, a corporation wholly owned by Sorensen, to build a home. After completion, Simons complained of many problems and demanded NSC cover the cost of the defects. Sorensen refused. Simons hired another company to do the work, sued NSC, and was awarded $270,000. NSC did not have sufficient funds to pay the award, so Simons sued Sorensen personally, contending that the corporate veil should be pierced as he benefitted from the work done by NSC on her home. Do you think she has a good claim?
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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No The fact that NSC has few assets does not mean the veil ...View the full answer
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Related Book For 
The Legal Environment of Business
ISBN: 978-1337095495
13th edition
Authors: Roger E. Meiners, Al H. Ringleb, Frances L. Edwards
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