On November 1, 2001, Gary Fox met in Denver (U.S State of Colorado) with the representative of Coopers & Lybrand(Coopers), an international accounting firm. Fox informed Coopers that the was acting on behalf of a corporation that was in the process of forming, and requested a tax opinion and other accounting services for the corporation. Coopers accepted the engagement with the knowledge that the corporation was not yet in existaence. The corporation was incorporated on December 4, 2001. Coopers completed the work by mid-December and billed the corporation and Fox $10,827 for services rendered. When neither the corporation nor Fox paid the bill, Cooper sued Fox to recover thes debt.

Question:
1. Is there a valid contract between Fox and Cooper?

2. Could the suit against Fox be based upon the doctrine of piercing the corporate veil?

Answer rating: 100% (QA)

1 Is there a valid contract between Fox ... View the full answer