Arthur, Barbara, Carl, and Debra decided to form a corporation for bottling and selling apple cider. Arthur,
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Relying on Jane’s assurance, Arthur, with the approval of Barbara and Carl, on May 4 entered into a written contract with Grower for the latter’s entire apple crop. The contract was executed by Arthur on behalf of ‘‘A–B–C Inc.’’ Grower delivered the apples as agreed. Unknown to Arthur, Barbara, Carl, Debra, or Grower, the articles of incorporation were never filed, through Jane’s negligence. The business subsequently failed. What are Grower’s rights, if any, against Arthur, Barbara, Carl, and Debra as individuals?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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