The corporate veil can be pierced when:
A) there is only one shareholder in the corporation.
B) the corporation was formed to avoid personal liability.
C) the corporation has only preferred stock.
D) none of the above
Correct Answer:
Verified
Q90: For income tax purposes,a partnership:
A)files a return
Q91: In a ratification by the board of
Q92: Limited partners have liability:
A)for the full amount
Q93: Watered shares result:
A)when a purchaser does not
Q94: Transfer of a partner's interest:
A)is void.
B)results in
Q96: The assignment of limited partnership interests:
A)is prohibited
Q97: Which of the following
Q98: A partner's interest:
A)is the same as the
Q99: A,B,and C are partners in a real
Q100: Limited partners:
A)can use their name in the
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