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What,if Any,is Amy's Best Theory in Order to Hold Rick

Question 16

Multiple Choice

What,if any,is Amy's best theory in order to hold Rick personally liable to her,assuming XYZ's corporate status is in place?


A) That the corporate veil should be pierced because Rick committed fraud through the corporation.
B) Because of XYZ's corporate status and her responsibility to investigate the situation,she will not be able to hold Rick personally liable to her.
C) That in equity Rick should be held personally liable.
D) That Rick should be personally liable because of his status as a shareholder.
E) That Rick should be personally liable because he acted on behalf of the corporation in soliciting the funds.

Correct Answer:

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