Exam (elaborations)
CHBO Questions and Answers
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- Institution
Rationale of Derivative actions Ans- 1) avoid multiplicity of actions 2) protect interests of creditors 3) assure fair distribution among all interested persons 8 factors to pierce the corporate veil (Aronson v. Price) Ans- 1) undercapitalization 2) absence of corporate records 3) fraudu...
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