Question

Niki owns O.K. Oil Corporation Nikius 10).、finstomi r Corporation to engage in the same business as o K-transfer. into bankruptcy, This most likely warrants a. a bonus to Niki for financial maneuvers b. a discharge for O.K. in bankruptcy c. a pierce of the corporate veil. d. a review of Pure Fuel's articles of incorporation -orwe sel . demusalk

Answer 1

Answer: Option C

Step-by-step explanation: In simple words, piercing of corporate veil refers to a situation when the court decides to revoke the limited liability advantage of a corporation. This occurs when the court finds the executives of a corporation guilty of any kind of misconduct or fraud.

Hence from the above we can conclude that the correct option is C .