Register
The limited liability of a stockholder in a closely-held corporation may be challenged successfully if the stockholdera. Undercapitalized the corporation when it was formed.b. Sold property to the corporation.
150k views
1 vote
The limited liability of a stockholder in a closely-held corporation may be challenged successfully if the stockholdera. Undercapitalized the corporation when it was formed.b. Sold property to the corporation.c. Was a corporate officer, director, or employee.d. All of the abovee. None of the above

User Magic Bean
by
7.0k points

1 Answer

2 votes

Answer:

The correct Option is A

Step-by-step explanation:

When the limited liability of the stockholder and it is a closely held corporation which might be challenged successfully if the stockholder, undercapitalized the corporation which means that the corporation does not have enough capital to pay creditors and conduct normal operations of the business and it will be done when it is established or formed.

User Jeffery Grajkowski
by
6.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers

Other Questions

One reason that businesses want to combine with other businesses is to A. avoid taxes. B. delay expenses. C. hire more workers. D. reduce expenses.
Which of the following possesses the sole power to create revenue bills?
Which of the following is an example of a fixed expense? A.) Clothing B.) Rent C.) Food D.) Entertainment
A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and reporters in hopes of stimulating favorable stories about their organizations"
All of the following are fees typically charged by credit card companies EXCEPT: A. Late payment fee B. Balance Transfer fee C. Annual membership fee D. Reload fee
Link Copied!