priniciple of limited GR: SH & BOD not liable

liability

Liability for Torts civilly liable

GR: not iable
E R S O NA L IT Y 
U R ID ICAL P Liability for crimes
T E J  XPN:
P A RA
GR: n
S E ot entitled - no feelings
NE OF
C TRI
DO Moral Damages XPN: good reputat
ion = humiliation

D. CORPORATE piercing of corporate veil
JURIDICAL 
PERSONALITY 1. Control test

y a lt e r ego
DO ppl 2. Control used for Fraud
t oa 
CT Defeat of public s t
RIN Te 3. Fraud = proximate cause
convenience
EO
FP A B C D FJ
e from pa rent
IER io n Fraud cases GR: separat
CIN a t 
ic subsidiary existence
GT
lp
Alter ego cases, XPN: indicia as alter ego
HE p A 
COR 
POR
ATE VEIL pr 1. common ownership
ob
ativ
 e facto
1. disregard separate personality rs consider 2. identity or BOD/o cers
How ed
pierced
2. Hold o cer liable  3. Manner of conduct

3. regard corpo as association 4. Manner of bookeeping