Found that george breached the duty of care shareholder

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Question:- George Bluth is a super-majority shareholder of the Bluth Corporation. The Bluth Corporation is not doing so well lately, due to several failed projects like "Sudden Valley." Using his dominant shareholder position, George causes the corporation to form subsidiaries and transfer the corporation's liabilities to those subsidiaries (which are inadequately capitalized) to make it look like the Bluth Corporation is still performing well. If the creditors of the Bluth Corporation sue and successfully recover against George Bluth personally, it's most likely because the court: Question options: Found that George breached the duty of care Found that George beached the duty of loyalty It won't because as a shareholder, George always has limited liability Pierced the corporate veil

Reference no: EM133294854

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