What circumstances court be willing to pierce corporate veil

Assignment Help Other Subject
Reference no: EM13710021

Question 1:

Red Mine Pty Ltd (Red) is a wholly owned subsidiary of GM Limited (GML). Red has few, if any, assets of its own. In 2010, an employer of Red went on to the land adjoining its mine site and left the gate open. A valuable experimental flock of Dorper Sheep escaped from the adjacent land and were lost.

In what circumstances might a court be willing to "pierce the corporate veil" and make a parent company liable for damages caused by a subsidiary?

Question 2 :

Nick Galli has a real passion for organic wine and would like Family Organic Wine Pty Ltd (FOW) to adopt a constitution that includes a provision guaranteeing his position as head winemaker at FOW.

Having regard to s.140 of the Corporations Act and the relevant case law, would Nick be able to enforce such a provision against FOW.

Verified Expert

Reference no: EM13710021

Questions Cloud

Determine what the capacitance of the system : Two conductors having net charges of +17.0 µC and -17.0 µC have a potential difference of 17.0 V between them. Determine the capacitance of the system
What is the distance between these maxima on a screen : In a double-slit arrangement the slits are separated by a distance equal to 89 times the wavelength of the light passing through the slits. What is the distance between these maxima on a screen 46.0 cm from the slits
Explain pilot testing procedures and preparations : Please locate and share an example of a qualitative research study where you believe the pilot testing procedure(s) were either missing or could have been improved in some way(s).
Find what is the acceleration of the sphere at the instant : A point charge q1=15.00 µC is held fixed in space. What is the acceleration of the sphere at the instant when its speed is 23.0m/s
What circumstances court be willing to pierce corporate veil : what circumstances might a court be willing to "pierce the corporate veil" and make a parent company liable for damages caused by a subsidiary?
What is its density of the ball : You measured the mass of a metal ball to be 1.002kg and its volume to be 2.1 L. What is its density of the ball
Describe 7 methods of source contaminant control : There are 7 methods of source contaminant control. Explain each of the 7 methods and provide examples within your descriptions to better demonstrate your understanding of each method.
What is the mass of the suitcase : You pull upward on a stuffed suitcase with a force of 145N , and it accelerates upward at 0.770m/s2. What is the mass of the suitcase
What is the magnitude of the minimum pressing force : A student presses a book between his hands, as the drawing indicates. What is the magnitude of the minimum pressing force

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd