Business, 11.05.2021 20:40 fespinoza019

The law permits shareholders to avoid personal liability for the debts of the corporation they own because corporations are separate legal entities and they are liable for their own debts and obligations. It will not be practically possible for Fraioli to check the age of each of his customers before serving them liquor. Also, on the day of the accident, Fraioli was not present in the bar when liquor was served to O’Niell. So was it ethical for Fraioli to assert the corporate shield to avoid liability in this case. Releasing Fraioli from liability will not release Triumvirate from its liability. Required:
Should Fraioli be liable in the facts above? Why or why not? What rules make Fraioli liable or not liable and why?

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