Case Problem:
Jumping Jills, Inc., was a corporation that provided trampolines for the use of the public. Defendant Jones owned 80 percent of the stock of Jumping Jills, Inc.; his wife owned 10 percent; and his stepson owned the remaining 10 percent. Jones also owned a drive-in theater located next to the trampoline business. The finances of the two businesses were kept completely separate, and the family finances were kept separate from those of both businesses. The public had no notice that the ownership of the two businesses was similar. Jumping Jills employed two persons. It had been in business for only three months when young Banks was injured on one of its trampolines. Jumping Jills’ insurance company went bankrupt and, thus, could not compensate Banks for his injuries. The corporation itself had no assets, so Banks sought to recover from the major shareholder, Jones. Would Banks be successful?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.