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NEW QUESTION: 1
The limited liability of the shareholders of a closely-held corporation will most likely be disregarded if the
shareholders:
A. Formed the corporation solely to limit their personal liability.
B. Are also corporate officers, directors, or employees.
C. Lend money to the corporation.
D. Undercapitalized the corporation when it was formed.
Answer: D
Explanation:
Choice "c" is correct. The "corporate veil" can be pierced in situations in which the corporation was
undercapitalized at formation, where it is the alter ego of the shareholders, or when it used to perpetrate a
fraud. Choice "a" is incorrect. Shareholders may lend money to their corporation. This does not make
such shareholders personally liable for the corporation's debt. Choice "b" is incorrect. Officers, directors,
and employees are not personally liable for the corporation's debt, and there is no reason to change this
role merely because such persons also own shares. Choice "d" is incorrect. The desire to limit liability is a
valid reason to adopt the corporate form and will not, by itself, allow the "corporate veil" to be pierced.
NEW QUESTION: 2
Which of the following parameters CANNOT be configured using the Quick Start Wizard?
A. antispam settings
B. protected domains
C. access control rules
D. system time
E. operation mode
Answer: E
NEW QUESTION: 3
A. 0
B. 1
C. 2
D. 3
E. 4
F. 5
Answer: A
Explanation:
Explanation
/30 CIDR corresponds to mask 55.255.255.252 whose binary is 11111100 which means 6 subnet bits and 2 host bits which means 62 subnets and 2 hosts per subnet.
NEW QUESTION: 4
In which of the following markets do the investors cannot short sell?
A. Target market
B. Borough market
C. Historic market
D. Regular market
Answer: D
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