The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 18, Problem 6BCP
Summary Introduction
Case summary: The firm CC filed for bankruptcy after failing to perform a contract with the firm WS. The persons S and J were two shareholders of the firm CC. They performed their duties with utmost good faith and did not merge personal and corporate interests, nor used corporate name to make frauds. Also, the sole shareholders maintained the books of accounts fairly.
To find: The personal liability of persons S and J for breach of contract.
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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