Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson

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Davis signed an employment contract with William. The contract stated: "… whatever company, partnership, or corporation that William may form for the purpose of manufacturing shall succeed William and exercise the rights and assume all of William's obligations as fixed by this contract." Two months later, William formed Auto-Soler Company. Davis entered into a new contract with Auto-Soler providing that the company was liable for William's obligations under the old contract. Neither William nor the company ever paid Davis the sums owed him under the contracts. Davis sued William personally. Does William have any obligations to Davis