Bill Bonney, the sole stockholder of Kidd Corporation, wrongfully used the corporation to avoid a personal liability. A court order that disregards the corporate entity and holds Bonney personally liable is called:
a. limited liability.
b. ultra vires.
c. diversity of interest.
d. piercing the corporate veil.
d
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The main problem with analyzing historical data is that ______.
a. There is never enough of it to provide reliable data. b. The data collected was for another purpose than that addressed by the current issue. c. Historical data can provide insight into past behaviors, but may not predict behavior in new environments. d. Historical data was gathered on a different market segment.
Compliance with the law does not necessarily fulfill all ethical obligations
a. True b. False Indicate whether the statement is true or false
Charles is the holder of a promissory note, the maker of which is Charles' niece, Margaret. As a birthday gift to Margaret, Charles marked "Canceled" across the face of the note. Margaret remains liable on the note because she did not give Charles anything of value for the cancellation
Indicate whether the statement is true or false
Under the Fair Labor Standards Act, which of the following scenarios is legal?
A. 12-year-old Molly works several hours per day on her family's farm picking vegetables B. 14-year-old Luis works full time bagging groceries at a supermarket C. 13-year-old Dianna works five hours per week stocking shelves at a drugstore D. 17-year-old Cole has taken a part-time job as a coal miner working alongside his dad