+1-415-670-9189
info@expertsmind.com
Corporations creditors sue brian personally
Course:- Business Economics
Reference No.:- EM13997309





Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

Brian is the 99% shareholder, president, and director of Arapine Corp. He frequently uses the corporation credit card for his personal expenses. If Arapine is insolvent and unable to pay its debts, and the corporation’s creditors sue Brian personally, what is the likely result? Brian is liable because he is a 99% shareholder. Brian is liable if he, as president, made the contracts with the creditors. Brian is liable because the court will pierce the corporate veil Brian will not be liable.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don’t need to have exact answers but explain the direction of change in the demand and/or m
There is a direct relationship between a growing real GDP also rising pollution. Growth provides an economic environment favorable to education also self-fulfillment.
Assume the average value of P is $ 3 and the average value of Po is $ 6. Illustrate what is the price elasticity at the average values of P and Po.
The AAA Aquarium Co. sells aquariums for $20 each. Fixed costs of production are $20. The total variable costs are $20 for one aquarium, $25 for two units, $35 for three units
At what point should the government intervene in the delivery of health care (other than Medicare and Medicaid)? Should this intervention be at a state level or a federal leve
Can an IT system (client/server or web based) exist without a persistent data repository? If so how, and are there any caveats with this approach? If not why not- what are t
The City of Phoenix plans to buy five additional mass transit cars for $15 million, and pay off its loan in 10 years. What would the annual percentage rate be if the city pl
Smith and Jones are stranded on a desert island. Each has in her possession some slices of ham (H) and cheese (C). Smith prefers to consume ham and cheese in the fixed proport