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Zielflug [23.3K]
3 years ago
8

Elliot is suing Acme, Inc., for a breach of contract, but because Acme has very little in assets, he asks the court to pierce th

e corporate veil and hold the officers personally liable. In which of the following situations would the court likely approve Elliot’s request?
a. The corporation was under-capitalized from the beginning, and never had sufficient assets to operate as a viable business.
b. The officers make their decisions based on information presented to them, but unknown to them is the fact the information is incorrect.
c. The officers loaned money to the corporation in an attempt to delay any adverse actions.
d. The corporation has struggled to make a profit from the beginning.
Business
1 answer:
Sergeu [11.5K]3 years ago
7 0

Answer: The court would likely approve Elliot's request in the following situation: <u><em>The corporation was under-capitalized from the beginning, and never had sufficient assets to operate as a viable business.</em></u>

Under the given scenario i.e. for a breach of contract , the condition will apply if the corporation i.e. Acme Inc. was under-capitalized from the start, and they never had predominating assets to work as a viable organization.

<u><em>Therefore the correct option is (a)</em></u>

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The break-even point (in units) for Shop 48 is 15,800 units. It can be computed by dividing the amount of fixed cost by the amount of per unit contribution margin. And the per unit contribution margin can be computed by deducting the variable cost per unit from the selling price per unit.

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3 years ago
Which of the following would further an economic goal of efficiency?
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The correct answer is (C)

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