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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1st one is Confucianism
2nd one is Legalism
3rd one is Taoism
Sutan Sjahrir MAY BE RIGHT
Answer:
The correct answer is: Laissez Faire.
Explanation:
Laissez Faire is a french expression that translates "Let do".
It is a way to conceive economical systems in which any form of transactions and agreements between individuals and collectives is not regulated by the government. This philosophy considers that individuals are free and a basic unity in any given society and such, his/her economic affairs are not the interest of the government.
In conclusion, the correct answer is: Laissez Faire.
