Podcast Beta
Questions and Answers
What are the two requisites for an entity to be classified as a stock corporation?
In the context of piercing the corporate veil, what factor is NOT considered for the application of the doctrine?
For piercing the veil of corporate fiction to be allowed, what level of control must the defendant have over the corporation?
What must be proven by the party alleging the presence of factors for piercing the corporate veil?
Signup and view all the answers
What is a fundamental aspect of a government-owned or controlled corporation (GOCC) according to the text?
Signup and view all the answers
What is the legal definition of a corporation according to the text?
Signup and view all the answers
When can the corporate veil be pierced according to the text?
Signup and view all the answers
What are some characteristics of a corporation as mentioned in the text?
Signup and view all the answers
In what situations can the corporate veil be pierced, based on the text?
Signup and view all the answers
What distinguishes a corporation's legal personality from those acting on its behalf?
Signup and view all the answers