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Ashorn Ashorn
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7 years ago
A parent corporation will be liable to creditors of a subsidiary corporation
a. only if the parent corporation and the subsidiary corporation have exactly the same directors.
b. only if the subsidiary corporation is a private (non-distributing) corporation.
c. only if the parent corporation owns more than 50 percent of the shares in the subsidiary corporation.
d. only if the parent corporation owns 100 percent of the shares in the subsidiary corporation.
e. none of the above
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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MiY4GiMiY4Gi
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7 years ago
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Ashorn Author
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#2
6 years ago
Thanks!
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