Ralph Formed a Company as a Fund Manager

Multiple Choice

Ralph formed a company as a fund manager.He accepted money from his customers, promising to invest it and build cash value for them.Instead, he kept the money for himself to enjoy a lavish lifestyle.The court removed liability protection from his corporate entity because the incorporation had been used to perpetuate fraud.This is an example of:

A) piercing the corporate veil.
B) unlimited liability.
C) reciprocation.
D) a pre-emptive right.