What does it mean to “pierce the corporate veil”?

1. What does it mean to “pierce the corporate veil”? Use your own words to describe it.

2. Describe two potentially negative consequences – to society at large – from the rule allowing a court to pierce the corporate veil under certain circumstances.

3. Describe two potentially positive consequences – to society at large – from the rule allowing a court to pierce the corporate veil under certain circumstances

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