Question: John Walker wants to bid on a construction project for Red, Inc. Because he has no construction background, John Walker forms a corporation with his
John Walker wants to bid on a construction project for Red, Inc. Because he has no construction background, John Walker forms a corporation with his friend, Jimmy Beam. The corporation named Whiskey River, Inc. is awarded the contract because its bid comes in at half of the cost of the other bids. Two months into the project, John Walker walks off the job and never returns. Jimmy Beam, through Whiskey
No Jimmy Beam, through Whiskey River, Inc. continued to work on the project.
Yes, Red, Inc. can pierce the corporate veil.
No John Walker's personal assets are not subject to the corporation's debts.
Yes, John Walker breached the contract with Red, Inc. by walking off the project.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
