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Legal Environment 4th Edition by Jeffrey Beatty, Susan Samuelson
Edition 4ISBN: 9780324786545Legal Environment 4th Edition by Jeffrey Beatty, Susan Samuelson
Edition 4ISBN: 9780324786545 Exercise 8
Leonard, an attorney, was negligent in his representation of Anthony. In settlement of Anthony's claim against him, Leonard signed a promissory note for $10,400 on behalf of his law firm, an LLC. When the law firm did not pay, Anthony filed suit against Leonard personally for payment of the note. Is a member personally liable for the debt of an LLC that was caused by his own negligence?
Explanation
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In order to pierce the veil of an LLC an...
Legal Environment 4th Edition by Jeffrey Beatty, Susan Samuelson
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