Connection lost
Server error
Law school is a lot like juggling. With chainsaws. While on a unicycle.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - pierce the corporate veil
If we desire respect for the law, we must first make the law respectable.
✨ Enjoy an ad-free experience with LSD+
Definition of pierce the corporate veil
Definition: To prove that a corporation is just a front for an individual or group of people who control it, so that in a lawsuit, those individuals can be held responsible for the corporation's actions. This is only done if there is evidence that the corporation was created to deceive others.
Example: If a person owns a small business and incorporates it, they are protected from being personally sued if something goes wrong with the business. However, if the person uses the corporation to commit fraud or other illegal activities, a court may "pierce the corporate veil" and hold the individual responsible for the corporation's actions.
Explanation: The example shows how a person can use a corporation to protect themselves from personal liability. However, if they use the corporation to commit illegal activities, they can't hide behind the corporation and must take responsibility for their actions.
It's every lawyer's dream to help shape the law, not just react to it.
✨ Enjoy an ad-free experience with LSD+
Simple Definition
Definition: When a company is created to hide the actions of an individual or group, a judge may decide to hold those individuals responsible for any harm caused by the company. This is called "piercing the corporate veil." If the company is run like a real business, with meetings and shareholders, it is less likely that the individuals will be held responsible.
I feel like I'm in a constant state of 'motion to compel' more sleep.
✨ Enjoy an ad-free experience with LSD+