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Business, 13.03.2020 17:02 baller1216

Wilson, Bart, and Susan Fields decide to set up a corporation together called Fields, Inc. They follow the correct procedures for establishing their corporation, but once it is established they do not hold regular corporation meetings. Because they are all related, they just conduct their communications and business related to Fields, Inc., at their family gatherings and over casual phone conversations. When Fields, Inc., is sued for failing to pay some outstanding debts, the court likely will: a. not pierce the corporate veil. b. dismiss the case because Fields, Inc., is a close corporation. c. dismiss the case because Fields, Inc., is an open corporation. d. pierce the corporate veil due to the failure to hold required corporation meetings.

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Wilson, Bart, and Susan Fields decide to set up a corporation together called Fields, Inc. They foll...
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