Rita is the sole shareholder of an auto repair shop that isincorporated. She is

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

GET A 40% DISCOUNT ON YOU FIRST ORDER

ORDER NOW DISCOUNT CODE >>>> WELCOME40

Rita is the sole shareholder of an auto repair shop that isincorporated. She is at work one day when her sister comes in andtells her she needs $100 for schoolbooks. Rita looks in her walletand seeing that it contains no money opens the cash register andtakes out $100 which she hands to her sister. The sister looksworried but Rita tells her Dont worry; I take money out of thecash register all the time for my personal expenses. Its mybusiness so I can take money out whenever I want. Her customerwho is waiting to pick up his car tells Rita that she is riskingthe piercing of the corporate veil. Is the customer correct? A. Yes Rita is co-mingling personalassets with corporate assets. B. Yes Rita is not the board ofdirectors. C. No the customer is wrong. D. No Rita is the only shareholderand can do what she wants.

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

GET A 40% DISCOUNT ON YOU FIRST ORDER

ORDER NOW DISCOUNT CODE >>>> WELCOME40

 

 

Posted in Uncategorized