27 - 29. T or F: Ronald Hochberg is the President, one of three Directors and one of three

Shareholders of Diamond Auto Body & Repair, Inc., an Illinois corporation. Hochberg, as

manager of the day to day operations, personally ordered (using the name Diamond Auto

Construction) and received auto parts from Hoskins Chevrolet. Hochberg paid all of the invoices

from a checking account under the name of Diamond Auto Construction. Hoskins continued to

send invoices to Diamond Auto Construction, until they accumulated to $40,000.00. When

Hochberg was sued for the $40,000.00, he argued that he was not personally liable for the invoices,

because the parts were ordered for Diamond Auto Body & Repair, Inc., and that he was only acting

as an officer of the corporation. He testified that the corporation was doing business under the

assumed name of Diamond Auto Construction. The evidence at trial showed that neither Hochberg

nor Diamond Auto Body & Repair, Inc., had registered the assumed name with the Secretary of

State as required by statute, nor otherwise disclosed to Hoskins that they were dealing with a

corporation.

27._____ Ronald Hochberg is personally liable for the debt, because he failed to

register the assumed name with the Secretary of State, or otherwise disclose to

Hoskins that they were dealing with an Illinois corporation.

28._____ Even if he had followed all of the corporate requirements, and made it know to

Hoskins that they were selling to an Illinois Corporation, Ronald Hochberg would

be personally liable because he was a Shareholder, Director and President.

29._____ If Diamond Auto Body, Inc. had registered the assumed name with the Secretary

of State, and otherwise followed the corporate requirements, Ronald Hochberg

would have been protected from personal liability