Question
Question C Fact Pattern C:Joni was the sole shareholder in Paradise Corporation and she was also the sole member of the Board of Directors and
Question C
Fact Pattern C:Joni was the sole shareholder in Paradise Corporation and she was also the sole member of the Board of Directors and the President. Paradise Corporation owned a big yellow taxi cab, which was operated by Leonard, an employee of Paradise Corporation. Paradise Corporation purchased the minimum insurance required by the state and maintained a bank account with an average balance of approximately$10,000.00. Joni was also the sole shareholder in 9 other corporations similarly organized and operating in the same city. One day, while pulling out of a recently paved parking lot, Leonard had an accident and a passenger in the cab, Bob, was injured. It was determined that Leonard had been negligent and Bob sued both Leonard, Paradise Corporation, and Joni, individually.
Refer to Fact Pattern C. Will Bob's suit against Joni be successful?Other than a lawsuit against Joni, personally, is there any other legal theory that would allow Bob to recover against the assets of all 10 corporations?
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