Piercing the Corporate Veil. Smith Services, Inc., a trucking business owned by Tony Smith, charged its fuel

Question:

Piercing the Corporate Veil. Smith Services, Inc., a trucking business owned by Tony Smith, charged its fuel purchases to an account at Laker Express. When Smith Services was not paid on several contracts, it ceased doing business and was dissolved. Smith continued to provide trucking services, however, as a sole proprietor. Laker Express sought to recover Smith Services’ unpaid fuel charges, which amounted to about $35,000, from Smith. He argued that he was not personally liable for a corporate debt. Should the court pierce the corporate veil? Explain. [Bear, Inc. v. Smith, 303 S.W.3d 137 (Ky.App. 2010)] (See pages 756–758.)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law Today

ISBN: 9781285528632

10th Edition

Authors: Roger Miller

Question Posted: