Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jenny decides to incorporate her sole proprietorship catering business under the name Good Eats, Inc. Jenny tells her lawyer to file articles of incorporation, and

Jenny decides to incorporate her sole proprietorship catering business under the name Good Eats, Inc. Jenny tells her lawyer to file articles of incorporation, and the lawyer says that the filing will be done on July 1. On June 25, Jenny enters into a lease with Office Rentals, Inc. Jenny signs the lease in the name of Good Eats, Inc. only. On July 1, the secretary of state files the articles of incorporation. On July 2, Good Eats, Inc. releases Jenny from personal liability on the lease. Three months later, Good Eats, Inc. stops making rent payments to Office Rentals, Inc. Office Rentals, Inc. sues both Good Eats, Inc. and Jenny personally. Under the MBCA, is Jenny personally liable on the contract with Office Rentals, Inc? Why or why not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law

Authors: Ewan McKendrick

10th Edition

1137293705, 978-1137293701

More Books

Students also viewed these Law questions

Question

How much information, analysis, and interpretation did I provide?

Answered: 1 week ago

Question

What was the first language you learned to speak?

Answered: 1 week ago

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago