Chef Cranky is the principal of his soon-to-be-formed corporation Cranky's Kitchen Inc. He finally found a...
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Chef Cranky is the principal of his soon-to-be-formed corporation Cranky's Kitchen Inc. He finally found a location for his new restaurant and signed a lease. Just one year after incorporating, Cranky's restaurant failed because patrons disliked how angry and volatile he often became. Cranky defaults on the lease. If the landlord sues Cranky individually for the lease payments, who prevails? Chef Cranky is the principal of his soon-to-be-formed corporation Cranky's Kitchen Inc. He finally found a location for his new restaurant and signed a lease. Just one year after incorporating, Cranky's restaurant failed because patrons disliked how angry and volatile he often became. Cranky defaults on the lease. If the landlord sues Cranky individually for the lease payments, who prevails?
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From the information provided it seems that Chef Cranky as an individual signed a lease for a new restaurant location on behalf of a soontobeformed co... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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