What happens when a court pierces the corporate veil

Assignment Help Operation Management
Reference no: EM13968941

Acts of a corporation that goes beyond the powers granted to it by the state or in its charter are _____________acts.

a.   Criminal

b.   Ultra vires

c.   Preemptive

d.   Peremptory

What happens when a court pierces the corporate veil?

a.   Shareholders become personally liable for the debts of the corporation.

b.   The court revokes the corporate charter.

c.   The promoter becomes liable for the debts of the newly formed corporation

d.   The court requires that the corporation be more substantially capitalized.

Which of the following are not grounds for a state cancelling a corporation’s charter?

a.   The corporation has not made a profit in 3 years.

b.   The corporation did not pay its franchise tax

c.   The corporation failed to maintain a registered agent in the state.

d.   The corporation has not performed any corporate functions for a long time.

The merger of a corporation with one of its suppliers is a _____________merger.

a.   Conglomerate

b.   Market extension

c.   Horizontal

d.   Vertical

Reference no: EM13968941

Questions Cloud

Under the securities act-term integration is best described : Which of the following would most accurately represent activity that blue sky laws are designed to protect against? A corporation’s registration statement should include information addressing all of the following, except: Under the Securities Act of..
The term banking day is best defined : A draft may require the payor of the draft to do all of the following, except: The term “banking day” is best defined as:
Case illustrates the effect of on buying behavior : A salesperson driving to visit a client located two hours away has a tire blow out on the highway. He walks about a mile to the next exit where he finds a service station. The owner of the station says he can replace the blown tire, but it will cost ..
Directors must be compensated for their services : An LLC must have at least two members that participate in management in order to lawfully do business. A limited partner risks personal liability when he or she actively participates in the management of partnership affairs. Stock that is issued and ..
What happens when a court pierces the corporate veil : Acts of a corporation that goes beyond the powers granted to it by the state or in its charter are _____________acts. What happens when a court pierces the corporate veil? Which of the following are not grounds for a state cancelling a corporation’s ..
Putting knowledge to work on large scale-with excellence : The mission of the University of Illinois is as follows: The University of Illinois will transform lives and serve society by educating, creating knowledge and putting knowledge to work on a large scale and with excellence. How helpful to employees i..
Compare two types of goal structures : Compare two types of goal structures: The SMART goal written about in the textbook and the Four part (I. Summary, II Sigma A; III MO; IV Measures of Success) goal covered in class and in a handout. In what ways are they alike and what ways are they d..
Most secured transactions require the debtor : An unsecured creditor has an interest in one or more items of the debtor’s personal property. Most secured transactions require the debtor to have possession of the secured collateral. Possession is an optional method of perfection of a security inte..
What is primary economic need being satisfied type of paint : At Home Depot, a customer can purchase a gallon of one-coat paint that contains the ingredients for both a primer and a color. What is the primary economic need being satisfied by this type of paint?

Reviews

Write a Review

 

Operation Management Questions & Answers

  Is the graph based layout construction method

Is the Graph based layout construction method always produces Maximally Planar Graph & Maximally Planar weighted graph?

  Evaluation and feedback system

In a 360-degree evaluation and feedback system, __________ rate a person's skill and performance.

  Estimate the inconvenience of running the errand

Suppose that on average, you spend over $200 per week at a constant rate over the week. You only have a saving account and pay all your bills in cash. The only opportunity you have to get to the bank is at your lunch hour. You estimate the inconvenie..

  Last-value forecasting method

What is the forecast for this year using the last-value forecasting method?

  What are the pitfalls and sand traps

What are the pitfalls and sand traps in fund-raising and why do entrepreneurs sometimes fail to avoid them?

  Perform quantitative analysis facilitate process selection

Perform quantitative analysis to facilitate process selection and capacity planning Layouts are an important part of production management. The three basic layouts are: process layout, product layout, and fixed-position layout. What factors can impac..

  How does one assign probabilities to the marketing list

Can the impact of one specific risk event, such as a technical risk event, create additional risks (which may or may not be technical risks)? Can risk events be interrelated? Does the list provided by marketing demonstrate the likelihood of a risk ev..

  Why is it important for human resources to see organization

Why is it important for human resources to see the organization and its employees as internal customers, and those internal customers as co-producers of the services delivered by human resources?

  A company is going to introduce a new cell phone

A company is going to introduce a new cell phone.  ABC Cell Services is going to sell the phones and has established specification limits of 5.0 ounces

  Compute the probability of four or more students

Compute the probability of four or more students being in line or being served. Before a test the arrival of students increases to six per hour on the average. Illustrate what does this do to the average length of the line.

  What are the primary factors that play a role

How can application of the training objectives be sustained? What are some of the challenges? The paper must use APA style as outlined in the approved APA style guide.

  The shades sunglass company assembles sunglasses

The Shades Sunglass Company assembles sunglasses from frames

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