The correct answer would be, Piercing the Corporate Veil.
The court may disregard the corporate structure and impose personal liability on the shareholders treating them like partners. This is called as Piercing the Corporate Veil.
Explanation:
A corporation is a form of business in which there are officers called as the board of directors, who run the business as a separate legal entity.
There are shareholders in the corporation who have their shares or stakes in the company.
When a court finds that the shareholders of a corporation are using corporate structure as a shield from liability when acting purely for personal purposes, then in this situation, the court holds the shareholders and directors, personally liable for their actions and debts. This is called as Piercing the Corporate Veil.
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The correct answer is letter A.
Explanation: Compensatory Damage
aims to repair the unfair aggression suffered by the victim.
Consequential Damages are damages to the property or physical integrity of the creditor as a result of default.
Answer:
As Craig is not a lawyer, so the contract between Larry and Craig will not be enforced.
Explanation:
Law Suit:
It is a case or simply a problem that is taken to the court of law by a person or an organization to get a legal decision on that particular matter or problem. Like in the given scenario Amjed has filed a law suit against the owner of property on which he was injured.
As Larry has rendered the services of a person who is not a lawyer so that the contract between him and Craig will not be enforced.
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Virginia, Alabama, and Georgia
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