Country Contractors, Inc., contracted to provide excavation services for A Westside Storage of Indianapolis, Inc., but did
Question:
Country Contractors, Inc., contracted to provide excavation services for A Westside Storage of Indianapolis, Inc., but did not complete the job and later -led for bankruptcy. Stephen Songer and Jahn Songer were Country's sole shareholders. The Songers had not misused the corporate form to engage in fraud. The firm had not been undercapitalized, personal and corporate funds had not been commingled, and Country had kept accounting records and minutes of its annual board meetings. Are the Songers personally liable for Country's failure to complete its contract? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
The Legal Environment of Business Text and Cases
ISBN: 978-1305967304
10th edition
Authors: Frank B. Cross, Roger LeRoy Miller
Question Posted: