Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

review the actual case of Dog House Investments, LLC v. Teal Properties, Inc https://law.justia.com/cases/tennessee/court-of-appeals/2014/m2013-00597-coa-r3-cv.html Sometimes the owners of a corporation use the corporate entity to

review the actual case of Dog House Investments, LLC v. Teal Properties, Inc

https://law.justia.com/cases/tennessee/court-of-appeals/2014/m2013-00597-coa-r3-cv.html

Sometimes the owners of a corporation use the corporate entity to perpetrate fraud, circumvent the law, or in some other way accomplish an illegitimate objective.In these situations, the court will ignore the formation and structure of the corporation and hold the shareholders personally liable for a corporate obligation.This is called piercing the corporate veil.After reading the case, you willrespond with answers to the following questions using your critical thinking and moral reasoning skills:

  • What are some of the factors that cause the courts to pierce the corporate veil?
  • What was the contract between Dog House Investments, Inc. and Teal Properties, Inc.?How was it breached?
  • When Dog House Investments, Inc. was not reimbursed it caused severe financial duress.Does this consequence make the landlord's conduct unethical?Explain.
  • What is the standard for an award of punitive damages for a contract breach?
  • Was the standard met in this case?
  • How might this suit have been avoided altogether?
  • Was Jerry Teal's disregard for the corporate form unethical?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

Step: 3

blur-text-image

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

Law Of Tort

Authors: John Cooke

14th Edition

1292251360, 978-1292251363

More Books

Students also viewed these Law questions