Ernesto Owns Three Companies That All Provide Moving Services Within

Multiple Choice

Ernesto owns three companies that all provide moving services within the city of Toronto.Ernesto is the sole shareholder in each of the companies,and each company only owns one truck worth $30 000 and no other assets.Ernesto has insurance covering up to $40 000.One of these companies has destroyed all of Meaghan's furniture during a move,valued at $80 000.If she sues,which of the following is false?

A) Meaghan can only recover damages from Ernesto's third-party insurance.
B) The court may pierce the corporate veil in order to adequately compensate Meaghan.
C) Meaghan may be able to recover $70 000 from the corporation.
D) Ernesto may have to declare bankruptcy on the corporation.
E) The driver who caused the damage may be liable for a portion of the damage.