【单选题】When an existing company establishes a new company or firm and keeps majority shares with itself, it is called a parent company. This new company or firm is called a ___________.
【单选题】In order for a court to pierce the veil of a subsidiary company and hold its parent responsible for its liabilities under the theory that it is a controlled company, which of the following have to be ...
A.
The assets of parent and the subsidiary were commingled.
B.
The company’s financing and management are so closely connected to its parent that it does not have any independent decision- authority.
C.
The parent does not observe the legal formalities (such as holding shareholder meetings or maintaining minutes for the subsidiary) that show that the subsidiary is a separate legal entity.
【单选题】In order for a court to pierce the veil of a subsidiary company and hold its parent responsible for its liabilities under the theory that it is a controlled company, which of the following have to be ...
A.
The assets of parent and the subsidiary were commingled.
B.
The company's financing and management are so closely connected to its parent that it does not have any independent decision- authority.
C.
The parent does not observe the legal formalities (such as holding shareholder meetings or maintaining minutes for the subsidiary) that show that the subsidiary is a separate legal entity.