Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in the adams v cape case the court did not find th

In the Adams v Cape case the court did not find that Cape's subsidiaries in...

80.2K

Verified Solution

Question

Accounting

In the Adams v Cape case the court did not find that Cape's subsidiaries in the USA were mere facades but said the subsidiaries were fulfilling tax policies. Group of answer choices

True

False

In Petrodel Resources Ltd v Prest [2013], Lord Sumption stated that there is only one instance in which the courts can pierce the veil. What is this one instance? Group of answer choices

Where a person is under an existing legal obligation which he deliberately evades or whose enforcement he frustrates by interposing a company under his control.

Where a parent owes the employees of its subsidiary a duty of care.

Where a group of companies are to be regarded as a 'single economic unit.'

Where a subsidiary is acting as an agent for the parent.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students