Business, 28.11.2019 18:31 rorea710

Sarah owns half of smith realty, inc., and her brother, bill, owns the other half. sarah routinely uses the company car, which is supposed to be only used for taking clients to view property, to run her personal errands. she also routinely uses company funds for personal uses, but always pays the money back into the corporation. when smith realty failed to pay its lawyer for work completed on its behalf, the lawyer sued both smith realty as well as sarah and bill personally. in this situation the court likely will:
a. not allow sarah and bill to be sued individually because smith realty is a close corporation.
b. dismiss the case because smith realty is a close corporation.
c. not pierce the corporate veil because there was no commingling of interests.
d. pierce the corporate veil due to sarah's commingling of interests.

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Sarah owns half of smith realty, inc., and her brother, bill, owns the other half. sarah routinely u...

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