Listen and Learn -- Piercing the Corporate Veil
Welcome back to the Bar Exam Toolbox podcast! Today, we have another episode in our "Listen and Learn" series, where we review a substantive area of the law and apply that law to fact patterns. This time we're looking at piercing the corporate veil, which is a commonly-tested issue in Corporations and LLC essays.
In this episode, we discuss:
- What exactly is the corporate veil?
- The four situations in which a court will pierce the corporate veil and hold the shareholders personally liable
- What does it mean for a corporation to act as its shareholders' alter ego?
- Analyzing a hypo from the February 2017 California bar exam
- Other issues that are often tested together with piercing the corporate veil
- The difference between piercing corporate and LLC veils
Resources:
- Bar Exam Workshops and Tools (https://barexamtoolbox.com/bar-exam-workshops-and-courses/)
- “Listen and Learn” series (https://barexamtoolbox.com/bar-exam-toolbox-podcast-archive-by-topic/bar-exam-toolbox-podcast-explaining-individual-mee-and-california-bar-essay-questions/#listen-learn)
- California Bar Examination – Essay Questions and Selected Answers, February 2017 (https://www.calbar.ca.gov/Portals/0/documents/admissions/Examinations/CBXFeb2017_Selected_EssayQuestions1-6_R.pdf)
- Podcast Episode 23: Tackling an MEE Corporations Question (https://barexamtoolbox.com/podcast-episode-23-tackling-an-mee-corporations-question/)
- Podcast Episode 35: Tackling a California Bar Exam Essay: Corporations (https://barexamtoolbox.com/podcast-episode-35-tackling-a-california-bar-exam-essay-corporations/)
- Examples & Explanations: Corporations, by Alan R. Palmiter (https://www.amazon.com/Corporations-Examples-Explanations-Alan-Palmiter/dp/1454802472)
Download the Transcript
(https://barexamtoolbox.com/episode-120-listen-and-learn-piercing-the-corporate-veil/)
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Thanks for listening!
Alison & Lee
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