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Source Piercing the Corporate Veil Complete Wisconsin Bar Exam Topic Index List Matched to this deck.

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A corporate president personally lies to a supplier about financing to induce a sale to the corporation. The corporation later defaults.
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Limited liability eliminates all tort claims against corporate officers. An officer may be directly liable for the officer own fraudulent statements even if veil piercing is not proved. The officer cannot be liable for personal fraud unless the corporation veil is pierced. The plaintiff can hold the officer liable for fraud only by proving undercapitalization.

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