Author Question: Which of the following factors are considered when one tries to pierce the corporate veil? a. Did ... (Read 1248 times)

CharlieWard · **on:** Aug 3, 2018

Which of the following factors are considered when one tries to pierce the corporate veil?

a. Did the corporation observe corporate formalities such as holding meetings?
b. Did the corporation keep separate bank accounts?
c. Were corporate funds used for corporate and not personal purposes?
d. Was the corporation undercapitalized?
e. All of the above

Question 2

Equity securities are:

a. loans taken out by the corporation.
b. only owned by shareholders in public corporations.
c. only owned by shareholders in close corporations.
d. usually in the form of shares of stock for a corporation.
e. always regulated by the federal government.