What is it called when a court concludes that incorporation has been used to perpetuate a fraud, skirt a law, or commit some wrongful act, and removes liability protection from the corporate entity?
A. Organizational test
B. Piercing the corporate veil
C. Preemptive rights
D. Reciprocation

Question

04-06-2024
Law

Answered

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What is it called when a court concludes that incorporation has been used to perpetuate a fraud, skirt a law, or commit some wrongful act, and removes liability protection from the corporate entity?
A. Organizational test
B. Piercing the corporate veil
C. Preemptive rights
D. Reciprocation

Sagot :

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