Mention the requirements that are essential for a court to pierce the veil of a corporation.
What will be an ideal response?
Under the traditional judicial rule, a court will pierce the veil when two requirements are met: (1) there must be domination of the corporation by one or more of its shareholders and (2) the domination must result in an improper purpose. The improper purpose most frequently arises when the corporation defrauds its creditors by not having sufficient assets available to meet expected claims.
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BMW's slogan "the ultimate driving machine," is an example of an attribute or benefit which has proven successful in their positioning strategy
Indicate whether the statement is true or false
Persons who grew up in ______ generations may experience more difficulty understanding each other than people who grew up in the ______ generation.
Fill in the blank(s) with the appropriate word(s).
When all followers are in the in-group, ______.
a. there is no one left to trust b. only tangible exchanges take place c. it is impossible to get anything done d. this is the ideal situation
Because equity is so important, special equity courts have been established within the state court system
Indicate whether the statement is true or false