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10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
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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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