Multiple Choice
What does the term "reverse piercing" reference in regard to a corporation and its shareholders?
A) Holding a corporation liable for debts of a shareholder
B) Holding a shareholder liable for debts of a corporation
C) Holding a corporation liable for debts of a shareholder and holding a shareholder liable for debts of a corporation
D) Holding a corporation liable for debts of a shareholder,holding a shareholder liable for debts of a corporation,and holding officers liable for debts of a corporation.
Correct Answer:
Verified
Correct Answer:
Verified
Q34: Limited partnerships are often used to raise
Q35: A shareholder who cannot be present at
Q36: A corporation is a private entity that
Q37: Which of the following is NOT true
Q38: Which of the following is NOT an
Q40: An L3C indicates a low-profit,low-liability corporation.
Q41: Which of the following statements is true
Q42: The _ set forth the steps that
Q43: Which of the following is true regarding
Q44: ANY Corporation has made a public offer