Eric Dahlbeck incorporated Viking Construction, Inc., with an initial capital of $3,000. Dahlbeck…

Eric Dahlbeck incorporated Viking Construction, Inc., with an initial capital of $3,000. Dahlbeck also made a $7,000 loan to Viking. Viking had as assets 65 lots of land held for development. The lots cost $430,000. Viking became unable to pay its creditors, who sought to pierce the corporate veil and hold Dahlbeck liable. Were the creditors successful?

 

 

 

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