Philippine Bar review · Topic

Piercing the Corporate Veil

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  1. Does purchasing another corporation’s assets invariably mean assuming all its debts under the Nell rule?
  2. An asset purchaser expressly agrees to assume identified employee debts. It says no liability can exist unless the empl…
  3. Assets were validly foreclosed and sold before the particular employee claims arose, with no fraudulent anticipation or…
  4. A worker obtains a judgment against Corporation A, then seeks levy on Corporation B solely through a postjudgment motio…
  5. A genuine asset-sale agreement provides fair consideration, preserves the seller’s separate operations and contains no …
  6. Explain why veil-piercing liability and jurisdiction over the proposed additional corporation are separate questions.
  7. Identify the Nell asset-transfer exceptions discussed in Maricalum.
  8. Why does lawful asset-transfer chronology matter to an allegation of fraudulent evasion of a particular employee obliga…