Carefully mind distinction between himself and corporation

Assignment Help Business Management

Reference no: EM133635815

Question

Gunther is the sole shareholder, director and officer of Gunther's Groceries, Inc. As the manager of Gunther's Groceries, Gunther does not carefully mind the distinction between himself and the corporation. He co-mingles funds between business and personal bank accounts, regularly takes cash out of the cash register to pay personal expenses, does not create and file records of corporate meetings when he takes business actions, and generally runs the business as if he were a sole proprietor. Gunther's Groceries, Inc. defaulted on a loan owed to BlahBlah Bank. What legal doctrine or theory may BlahBlah Bank successfully employ to recover the proceeds of the debt from Gunther, personally?

Reference no: EM133635815

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