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It is said that the Cou...
Law, 14.12.2021 17:40 isabellemaine
Answer questions using the
guide for answering legal questions.
It is said that the Courts are very resistant to lift the corporate veil.
a. Explain what this means and provide a rationale for this view. (5 marks)
b. Identify at least one (1) situation at common law in which the corporate veil
may be lifted/pierced and provide the rationale for this decision. (5 marks)
c. Identify at least one (1) situation under statute in which the corporate veil may
be lifted/pierced and suggest a rationale for this treatment. (5 marks)
d. Jason’s father died leaving him over $1,000,000 as an inheritance. His sister
Rhea, also inherited a substantial sum of money. Jason is having a lot of bright
ideas about starting his own business. However, he is not sure of whether he
should go it alone or whether he should involve Rhea, and what form of
business organization he should a
Answers: 2
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