A Parent Corporation Will Be Liable to Creditors of a Subsidiary

Multiple Choice

A parent corporation will be liable to creditors of a subsidiary corporation

A) only if the parent corporation and the subsidiary corporation have exactly the same directors.
B) only if the subsidiary corporation is a private (non-distributing) corporation.
C) only if the parent corporation owns more than 50 percent of the shares in the subsidiary corporation.
D) only if the parent corporation owns 100 percent of the shares in the subsidiary corporation.
E) none of the above