Author Question: In K.C. Roofing Center v. On Top Roofing, Inc, where K.C. Roofing asked the courts to hold Nugent, ... (Read 232 times)

D2AR0N · **on:** Jun 24, 2018

In K.C. Roofing Center v. On Top Roofing, Inc, where K.C. Roofing asked the courts to hold Nugent, the owner of On Top Roofing, a corporation which no longer existed, personally liable for the cost of roofing supplies sold to On Top Roofing while it existed, the appeals court held that:
a. Nugent was not personally liable for the debts owed the plaintiffs because the evidence did not support the three-part test for piercing the corporate veil
b. Nugent was not personally liable for the debts owed the plaintiffs because On Top Roofing was a limited liability company
c. Nugent was not personally liable for the debts owed the plaintiffs because On Top Roofing no longer existed d. Nugent was personally liable for the debts owed the plaintiffs because K.C. Roofing Center was also alimited liability company
e. none of the other choices are correct

Question 2

When a consumer is refused credit, the Fair Credit Reporting Act requires the consumer reporting agency to inform the consumer of the rejection.
a. True
b. False
Indicate whether the statement is true or false