Answer questions using the guide for answering legal questions.

It is said that the Courts are very resistant to lift the corporate veil.

a. Explain what this means and provide a rationale for this view. (5 marks)

b. Identify at least one (1) situation at common law in which the corporate veil

may be lifted/pierced and provide the rationale for this decision. (5 marks)

c. Identify at least one (1) situation under statute in which the corporate veil may

be lifted/pierced and suggest a rationale for this treatment. (5 marks)

d. Jason’s father died leaving him over $1,000,000 as an inheritance. His sister

Rhea, also inherited a substantial sum of money. Jason is having a lot of bright

ideas about starting his own business. However, he is not sure of whether he

should go it alone or whether he should involve Rhea, and what form of

business organization he should adopt. He heard that you did Business Law at

the prestigious School of Business of the University of the Southern Caribbean

and has sought your advice. Advise him on his options and the advantages

and disadvantages of each. (10 marks)