Welcome back to the Law School Toolbox podcast! Today, we have another episode in our "Listen and Learn" series, where we review a substantive area of the law and apply that law to fact patterns. This time we're looking at piercing the corporate veil, which is a commonly-tested issue in Corporations and LLC essays.

In this episode we discuss:

• What exactly is the corporate veil?
• The four situations in which a court will pierce the corporate veil and hold the shareholders personally liable
• What does it mean for a corporation to act as its shareholders' alter ego?
• Analyzing a hypo from the February 2017 California bar exam
• Other issues that are often tested together with piercing the corporate veil
• The difference between piercing corporate and LLC veils

Resources:

• "Listen and Learn" series (https://lawschooltoolbox.com/law-school-toolbox-podcast-substantive-law-topics/#listen-learn)
• California Bar Examination – Essay Questions and Selected Answers, February 2017 (https://www.calbar.ca.gov/Portals/0/documents/admissions/Examinations/CBXFeb2017_Selected_EssayQuestions1-6_R.pdf)
• Examples & Explanations: Corporations, by Alan R. Palmiter (https://www.amazon.com/Corporations-Examples-Explanations-Alan-Palmiter/dp/1454802472)
• Podcast Episode 272: Listen and Learn – The Statute of Frauds (Contract Law) (https://lawschooltoolbox.com/podcast-episode-272-listen-and-learn-the-statute-of-frauds-contract-law/)
• Corporations 101 – A Quick Look at Upperclassmen Courses (https://lawschooltoolbox.com/corporations-101-a-quick-look-at-upperclassmen-courses/)

Download the Transcript (https://lawschooltoolbox.com/episode-280-listen-and-learn-piercing-the-corporate-veil/)

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Thanks for listening!

Alison & Lee