What does 'piercing the veil of corporate fiction' mean?
It basically means disregarding the separate legal entity status of a corporation and holding its shareholders or officers personally liable for certain actions or debts.
What does 'piercing the veil of corporate fiction' mean in the legal context?
Well, 'piercing the veil of corporate fiction' is a legal concept. Essentially, it occurs when the court decides that the separation between the corporation and its owners (shareholders) should be ignored. This can happen in cases of undercapitalization. If a company is formed with very little capital but takes on large risks, and then tries to use the corporate shield to avoid debts, the court may pierce the veil and make the shareholders responsible.
Can you give some examples of situations where 'piercing the veil of corporate fiction' might be applied?
Sure. A common situation is when a corporation is undercapitalized. Let's say a company is set up to operate a high - risk business, like a construction project that requires a lot of capital for safety measures and proper equipment. But the owners only put in a minimal amount of money into the corporation. If there are accidents or financial problems on the project, and the company can't pay its debts, the court may pierce the veil. Also, if a corporation is used as a mere 'alter ego' of its owners, meaning there is no real separation between the business operations and the personal actions of the owners, this could lead to the veil being pierced.
What does 'piercing novel' mean?
A 'piercing novel' could refer to a novel that has a very intense, penetrating impact. It might be a story that deeply delves into complex emotions, harsh realities, or profound ideas, leaving a strong mark on the reader's mind.
What does Maugham's "The Veil" mean by "the dog died"?
In Maugham's novel, The Veil, the phrase " the dog died " referred to the reunion of the protagonist, Trish, and her lover, Jack, who began a beautiful relationship. However, on the night when Cuisi and Jack were spending the night together, Cuisi was suddenly attacked by a wolf and Jack was bitten to death by the wolf in order to save Cuisi. However, when Cuisi learned the news of Jack's death, she was heartbroken and thought that she was the cause of Jack's death. Therefore, she decided to leave the city to find her inner world. In the end, Cuisi passed away on the journey. At her funeral, a black dog accompanied her, symbolizing the love and loyalty between her and Jack. Therefore, the phrase " the dog died " expressed Cuisi's deep sorrow and understanding of love.
What abilities does a science fiction corporate fixer possess?
Typically, a science fiction corporate fixer has skills like hacking, advanced negotiation tactics, and knowledge of cutting-edge technologies. They also have a knack for staying one step ahead of rivals and uncovering hidden threats.
What is the fiction of a corporate entity and how does it relate to business?
The fiction of a corporate entity is a legal concept. It assumes that a corporation has its own identity and rights distinct from its owners. This allows for easier contracting, liability management, and business transactions. However, it also has some potential drawbacks and can lead to issues like moral hazard.
What is corporate fan fiction?
Corporate fan fiction is basically when fans create fictional stories based on corporate brands or companies. It's like taking the elements of a well - known corporation, such as its logo, its business model, or its public image, and using them as building blocks for a made - up story. It can be a fun way for fans to engage with the brand on a more creative level, rather than just being consumers.
What is corporate science fiction?
Corporate science fiction is a sub - genre of science fiction. It often involves stories set in corporate - dominated futures. For example, in some works, mega - corporations control space exploration or advanced technologies. It can explore themes like the power dynamics between corporations and individuals, and how corporate interests shape technological development.
What is the concept of corporate fiction?
Corporate fiction refers to the legal idea that a corporation is an entity separate from its owners. It can enter into contracts, own property, and be sued or sue in its own name, just like a person in the eyes of the law.
What is a corporate legal fiction?
Well, a corporate legal fiction means that a corporation is regarded by the law as having certain rights and obligations as if it were a person. This helps in things like business transactions and liability issues. For example, the corporation can own property, enter into contracts, and be sued independently of its members.