1. Read the case, Dog House Investments, LLC v. Teal Properties, Inc., in Materials below.

• What was the contract and how was it breached?
• The failure of Teal Properties and Jerry Teal to reimburse Dog House for the repair costs placed the tenant in a dire financial situation. Does this consequence make the landlord's conduct unethical?
• How might this suit have been avoided altogether?
• Is it common for courts to disregard the corporate form of business organization and impose liability on shareholders?
• Could an agreement between a corporation and its shareholders, or the shareholders and third parties, reduce or eliminate the limits to the liability of shareholders for corporate debts?
• Do corporations benefit from shareholders' limited liability?

Answer rating: 100% (QA)

a There was a lease agreement between Tenant Dog House Investments LLC and Landlord Teal Properties ... View the full answer