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NEW QUESTION: 1
The corporate veil is most likely to be pierced and the shareholders held personally liable if:
A. A partnership incorporates its business solely to limit the liability of its partners.
B. An ultra vires act has been committed.
C. The shareholders have commingled their personal funds with those of the corporation.
D. The corporation has elected S corporation status under the Internal Revenue Code.
Answer: C
Explanation:
Choice "b" is correct. Generally, a corporation is treated as an entity distinct from its shareholders and
shareholders are not liable for the corporation's debts. However, where the shareholders do not treat the
corporation as a distinct entity, such as where they commingle their personal funds with the corporation's
funds, courts are likely to ignore the corporate form as well. Choice "a" is incorrect. An election to be taxed
like a partnership under Subchapter S is not grounds to pierce the corporate veil. Choice "c" is incorrect.
An ultra vires act is one beyond the corporation's powers. The persons who authorized the ultra vires act
can be held personally liable for damages caused, but it is not a ground for piercing the corporate veil.
Choice "d" is incorrect. Limiting personal liability is the main reason to incorporate. It is a ground for
piercing the corporate veil only if it is done fraudulently (i.e., to avoid paying present creditors).

NEW QUESTION: 2
What is a valid characteristic of striped metaLUNs?
Striped metaLUNs:
A. can mix thick and thin LUNs
B. must be built from the same RAID types and sizes
C. components have a varying performance profile
D. cannot be expanded once created
Answer: B

NEW QUESTION: 3
What is the total number of optimized concurrent TCP connections supported on an Interceptor appliance?
A. 500,000
B. 100,000
C. 300,000
D. 200,000
E. 1,000,000
Answer: E

NEW QUESTION: 4
What does the TOGAF standard provide to guide architectural activity within the enterprise in terms of structures, roles, responsibilities, and processes?
A. Architecture Capability Framework
B. Architecture Development Method
C. Architecture Content Framework
D. Enterprise Continuum
Answer: A