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Question
Niki owns O.K. Oil Corporation. Niki uses O.K.'s funds to pay her perÂsonal expenses, creates Pure Fuel Corporation to engage in the same business as O.K., transfers O.K.'s assets to Pure Fuel, and petitions O.K. into bankruptcy. This most likely warrantsa. a bonus to Niki for financial maneuvers.
b. a discharge for O.K. in bankruptcy.
c. a pierce of O.K.'s corporate veil.
d. a review of Pure Fuel's articles of incorporation.
Answer
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