Briefly explain the concept of piercing the corporate veil. ...

[dmcintosh]

Briefly explain the concept of piercing the corporate veil.
 
  What will be an ideal response?

Question 2

What type of jurisdiction is the authority of the federal courts to hear a case where the amount in controversy exceeds 75,000 and no plaintiff can share residency in the same state with any defendant in the case?
 
  A) concurrent jurisdiction
  B) federal question jurisdiction
  C) diversity jurisdiction
  D) mandatory jurisdiction

[katkat_flores]

Answer to Question 1

The court will attach the personal assets of a shareholder if he or she does not maintain the
corporation as a separate legal entity.

Answer to Question 2

C