Author Question: The limited liability of a stockholder in a closely held corporation may be challenged successfully ... (Read 76 times)

KimWrice · **on:** Jun 24, 2018

The limited liability of a stockholder in a closely held corporation may be challenged successfully if the stockholder:
a. Undercapitalized the corporation when it was formed.
b. Formed the corporation solely to have limited personal liability.
c. Sold property to the corporation.
d. Was a corporate officer, a director, or an employee.

Question 2

Under RCRA, a hazardous waste is defined as a solid waste that may cause an increase in mortality or in serious irreversible illness.
a. True
b. False
Indicate whether the statement is true or false