Bob formed Bob's Brake Repair,Inc.in 1995.Bob has been the only shareholder since the corporation was formed.Bob has never worried about the corporate formalities since,as the only shareholder,he didn't worry about suing himself.He kept a single bank account and didn't always use the word "incorporated" on his signs and work orders.Recently,the brakes failed on a customer's car shortly after one of Bob's employees had repaired them.Can the person injured by the brake failure recover from Bob's personal assets?

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The Answer of Bob formed Bob's Brake Repair,Inc.in 1995.Bob has been the only shareholder since the corporation was formed.Bob has never worried about the corporate formalities since,as the only shareholder,he didn't worry about suing himself.He kept a single bank account and didn't always use the word "incorporated" on his signs and work orders.Recently,the brakes failed on a customer's car shortly after one of Bob's employees had repaired them.Can the person injured by the brake failure recover from Bob's personal assets?

Bob Formed Bob's Brake Repair,Inc