Question

exceptions of separate legal entity​

Answer 1

Answer:

Exceptions to Principle of Separate Legal Entity. ... “As a general principle, corporations are recognized as legal entities separate from their ………. liability of the entity and not of the shareholders, directors, or officers who own and/or act for the entity.”

Explanation:

It is said that the principle of separate legal entity “forms the foundation of modern company law. Any exceptions to this principle must therefore be seen as challenges to those foundations.” [1] Thompson in Piercing the Corporate Veil: An Empirical Study states: [2]

“As a general principle, corporations are recognized as legal entities separate from their ………. liability of the entity and not of the shareholders, directors, or officers who own and/or act for the entity.”