For Your Data Dewitt Truck Brokers V. W. Ray Flemming Fruit Co. Example Brief
April 10, 2016
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DeWitt Truck Brokers v. W. Ray Flemming Fruit Co. case brief summary
540 F.2d 681 (1976)
CASE FACTS
Appellee creditor brought an activeness on debt against appellants, a corporation as well as its president. The district courtroom granted appellee's asking to pierce the corporate veil as well as to impose liability on appellant president individually.
DISCUSSION
CONCLUSION
The courtroom affirmed a judgment that granted appellee creditor's asking inwards a debt activeness to pierce the corporate veil as well as to impose liability on appellant president individually. The courtroom held that the district court's findings were non clearly erroneous, as well as it determined that equity as well as cardinal jurist supported the private liability of appellant president.
Recommended Supplements for Corporations as well as Business Associations Law
540 F.2d 681 (1976)
CASE SYNOPSIS
Appellants, corporation as well as its president, sought review of a judgment from the the States District Court for the District of South Carolina, which granted appellee creditor's asking inwards a debt activeness to pierce the corporate veil as well as to impose liability on appellant president individually.CASE FACTS
Appellee creditor brought an activeness on debt against appellants, a corporation as well as its president. The district courtroom granted appellee's asking to pierce the corporate veil as well as to impose liability on appellant president individually.
DISCUSSION
- The courtroom affirmed the judgment, asset that the finding of the district courtroom that the corporate entity should hold upwardly disregarded was non clearly erroneous.
- The courtroom determined that in that place was bear witness to sustain the finding that in that place was a consummate disregard of corporate formalities inwards the performance of appellant corporation, which functioned solely for the fiscal wages of appellant president.
- The bear witness too supported the finding that appellant corporation was undercapitalized.
- Additionally, the courtroom determined that appellant president made personal assurances to appellee that he would get got attention of the charges personally if appellant corporation failed to create so.
- The courtroom concluded that equity as well as cardinal jurist supported the private liability of appellant president for appellee's charges.
CONCLUSION
The courtroom affirmed a judgment that granted appellee creditor's asking inwards a debt activeness to pierce the corporate veil as well as to impose liability on appellant president individually. The courtroom held that the district court's findings were non clearly erroneous, as well as it determined that equity as well as cardinal jurist supported the private liability of appellant president.
Recommended Supplements for Corporations as well as Business Associations Law