Question

g Jaime owns JD Corporation. Jaime regularly uses the corporate credit cards to pay for household groceries and other personal expenses. This comingling of funds most likely warrants Group of answer choices a fundamental change to the articles of incorporation. a pierce of the corporate veil. an adoption of new corporate bylaws. a recognition of de facto corporate status.

Answer 1

Answer:

a pierce of the corporate veil

Explanation:

Piercing or raising the corporate curtain is a constitutional judgment to handle a business's rights and obligations as if they were the rights and responsibilities of its owners.

Typically, a company is regarded as a distinct legal entity that is entirely responsible for the obligations and the only recipient of credit it is owing.

The presumption of distinct personhood is generally upheld in common law nations but in extraordinary circumstances, the corporate veil may be "pierced" or "lifted."