The “corporate veil” is most likely to be pierced in the case of closely held corporations
and in parent-subsidiary relationships.
What is the doctrine of liability for a tort connected with a contract?
A state may only obtain jurisdiction over defendants that reside within that state.
Jerry received a bill for $300 from Johnson for a tune-up Johnson had performed on
Jerry’s car. Jerry called Johnson and told him, “The car runs no better now than before
the tune-up. I am sending you $100 and no more.” Johnson received the $100 check
which was marked “paid in full” and cashed it. Jerry is still liable to Johnson for $200.
Harvard philosopher, Robert Nozick, stressed liberty, not justice, as the most important
obligation that society owes its members.
In a purchase or lease of all or substantially all of the assets of another corporation, the
purchaser or lessee corporation simply acquires ownership or control of additional
physical assets of the other corporation.
The U.S. Constitution provides that all valid treaties have the legal force of a federal
statute.