The topic can be proposed by the writer Assignment - 15

The progeny can be proposed by the writer - Assignment ExampleTherefore, does the in mickle of the 10 corporation bar to breaking of the law, which would necessitate the piercing of the corporate secrete?The rule of law provides that the piercing of the corporate veil can occur when the corporation is created as a mere alter-ego of its owner, where the corporation does non observe the overcompensate formalities, or where the corporation is undercapitalized (Mallor et al., 2013). Further, a court can lift the corporate veil to hold the owners of the corporation personally responsible, if the corporation is created to promote fraud, illegality or injustice (Mallor et al., 2013).The creation of 10 taxi-cab corporations by Carlton is legal, owing to the concomitant that the law provides for incorporation of enterprises, for the sake of limiting personal liability (Mallor et al., 2013). Further, there has not been provided any confinement as to the number of taxi-cabs that should co nstitute a tax-cab corporation. In addition, Carlton has provided the required $10,000 of accident liability insurance for individually cab.The court should not lift the corporate veil to find Carlton personally reasonable. This is because the incorporation of the 10 tax-cab corporations is not an illegality, while the purpose of such incorporation is merely to limit personal liability, and not to commit fraud, illegality or injustice, which could be reasonable ground for lifting the corporate veil (Mallor et al., 2013). Therefore, the court should find that Walkovszky should only hold liable the corporation with two taxi-cabs, from which one knocked him