Author Question: If the court pierces the corporate veil it may hold the shareholder(s) personally liable for ... (Read 429 times)

jho37 · **on:** Jun 24, 2018

If the court pierces the corporate veil it may hold the shareholder(s) personally liable for corporate debts.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In Todd v. Exxon Corp, where Exxon other oil companies hired a consultant to gather information about the salaries they paid professionals at the companies, and the information was used to help set salaries, the appeals court noted that:
a. if the companies shared the data equally among themselves, there was nothing illegal about the data exchange
b. if the companies made the data in a data exchange public, they could face criminal charges
c. if the companies refused to make the data in a data exchange public, they could face criminal charges d. a court is more likely to approve a data exchange when the information is made public
e. a court is less likely to approve a data exchange when the information is made public