subject
Business, 19.08.2019 20:30 edeliz3886

Assume the football team is set up as a c corporation and that lenny, sarah, and sam are the shareholders. after setting up the corporation, no formalities of the corporation were kept. lenny, sarah and sam all pay most of their personal bills out of corporate bank accounts. the team is sued for negligence because an individual who turned to see the quarterback running naked crashed her car, but the team does not have sufficient funds or insurance to cover the judgment. which of the following is true?
a. lenny, sarah and sam may be personally liable because of the corporation by estoppels doctrine.
b. lenny, sarah and sam may be personally liable because of the ultra vires doctrine.
c. lenny, sarah and sam can never be personally liable because the team is set up as a corporation.
d. lenny, sarah and sam may be personally liable because the plaintiff may be able to pierce the corporate veil.

ansver
Answers: 2

Another question on Business

question
Business, 23.06.2019 01:00
To travelers know what to expect researchers collect the prices of commodities
Answers: 2
question
Business, 23.06.2019 22:30
Using the high-low method, estimate the variable and fixed cost elements of the annual cost of the truck operation. (do not round your intermediate calculations. round the variable cost per kilometer to 3 decimal places and fixed cost answer to nearest whole dollar amount.)
Answers: 2
question
Business, 23.06.2019 23:30
What should be a future effect upon the economy if a expansionary fiscal policy continues in an economy with an increasing budget deficit and growing national debt? a) deflation b) low inflation c) high inflation d) not enough information given
Answers: 1
question
Business, 24.06.2019 11:30
To save money, you put $200$200 in your bank account each week. after saving for 44 weeks, you have $1,700$1,700 dollars in your account. which equation models your savings account balance at the end of each week?
Answers: 2
You know the right answer?
Assume the football team is set up as a c corporation and that lenny, sarah, and sam are the shareho...
Questions
Questions on the website: 13722362