Multiple Choice
Alan sells merchandise on credit to ABC Co.ABC fails to pay for the merchandise.Alan later discovers that ABC is not a corporation,but a partnership consisting of Alice,Betty,and Charles.Which legal doctrine might shield Alice,Betty,and Charles from personal liability?
A) De facto corporation
B) De jure corporation
C) Corporation by estoppel
D) Piercing the corporate veil
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A promoter can escape personal liability on
Q3: The main issue in the William Stewart
Q4: Grant wants to know the date of
Q5: Undercapitalization will be considered convincing evidence that
Q6: A joint venture is an IRS-created taxable
Q8: _ refer(s)to the written application to the
Q9: Which of the following is the official
Q10: Wong and Burton owned several hundred shares
Q11: Outstanding shares of stock of the Cattleman
Q12: Global Corp.is incorporated in Mexico and wants