Which of the following factors are considered when one tries to ...

[CharlieWard]

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.

[af]

Answer to Question 1

e

Answer to Question 2

d

[CharlieWard]

YES! Correct, THANKS for helping me on my review

[lkanara2]

Thanks for the timely response, appreciate it