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Question
In Goldman v. Chapman and Region Associates, the court was asked to pierce Region's corporate veil and find Chapman personally liable because Chapman was the sole owner and operator of Region Associates who Goldman had successfully sued. The court found that:A.being the sole owner and decision maker is not sufficient cause to pierce the corporate veil without evidence of misconduct.
B.the fact that Chapman's corporation was found liable for $209,320 is evidence of misconduct sufficient to pierce the corporate veil.
C.any time there is one owner and decision maker, the corporation is considered to be that persons "alter ego" and the corporate veil may be pierced without the need to provide additional evidence.
D.the liability protections afforded to owners of corporations were not intended to protect one party businesses due to the enhanced possibility of frauds due to lack of oversight by others so one person corporations do not protect that individual from liability.
Answer
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Related questions
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