Briefly explain the concept of piercing the corporate veil

What will be an ideal response?


The court will attach the personal assets of a shareholder if he or she does not maintain the
corporation as a separate legal entity.

Legal Studies & Paralegal

You might also like to view...

__________ is a form of ADR in which a neutral third party evaluates the strengths and weaknesses of the disputing parties' positions; the evaluator's opinion forms the basis for negotiating a settlement

a. Early neutral case evaluation b. Mediation arbitration c. Binding mediation d. Nonbinding arbitration

Legal Studies & Paralegal

The test for findings of fact in civil cases at the trial level is?

A. ?preponderance of the evidence. B. ?proof beyond a reasonable doubt. C. ?substitution of judgment. D. ?clearly erroneous.

Legal Studies & Paralegal

The court's security office should be contacted ahead of time to learn the courthouse's policy and procedures for bringing equipment in and setting it up

a. True b. False Indicate whether the statement is true or false

Legal Studies & Paralegal

Laws govern the conduct of individuals, organizations, and ________

Fill in the blank(s) with correct word

Legal Studies & Paralegal