Can you help me find out which ones are the answers?
Chili Cheese, a fast food corporation serving chili and a host of other American favorites, lost a substantial amount of revenue after the 2009
recession. The firm was set to go out of business in April 2010. However, in February of the same year, the major shareholder Miranda
Pickering used corporate funds to purchase a million dollar house in Southern Florida, and then sold the house to herself for $10,000. Two of
Chili Cheese's creditors brought suit against Miranda, seeking to recover the funds that Miranda had spent. The court pierced the corporate
veil, finding Miranda personally liable. Consequently, Miranda was ordered to repay the funds she had used to purchase the house.
But what if the facts of the case were different? Select each set of facts below that could change the outcome of the case.
a.Chili Cheese Inc. did not carefully maintain separate corporate and shareholder funds.
b.Chili Cheese was a de facto corporation.
c.Rather than buying a Floridian home, Miranda used corporate funds to invest in the training of more workers. Further, to the best of the
court's knowledge, Chili Cheese had followed all statutory mandates regarding corporate business and carefully maintained separate
shareholder and corporate funds.
d.Miranda's personal interests were commingled with Chili Cheese's corporate goals.
This question was answered on: Dec 08, 2020
Buy this answer for only: $15
This attachment is locked
We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free solution (Deadline assured. Flexible pricing. TurnItIn Report provided)
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this QuestionSTATUS
Dec 08, 2020EXPERT
GET INSTANT HELP/h4>
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.