Which of the following situations, by itself, would not justify a court disregarding the corporate
entity?
A) The corporation is severely undercapitalized
B) The corporation failed to follow the necessary corporate formalities
C) The corporation has been used by its shareholders to commit fraud
D) The corporation does not have enough assets to pay its liabilities
E) The shareholders have looted the corporation
D
Business
You might also like to view...
Off-price chains generally purchase merchandise on an opportunistic basis by focusing on cancelled orders, irregulars, and end-of-season merchandise
Indicate whether the statement is true or false
Business
Examples of special-purpose training are literacy training and diversity training
Indicate whether the statement is true or false.
Business