Daniel and sondra estelle hired allens firm to renovate a

Assignment Help Accounting Basics

Reference no: EM13601095

Daniel and Sondra Estelle hired Allen's firm to renovate a home they owned in Ladoga, Indiana. To finance the cost, they obtained a line of credit from Banc One, Indiana, which required periodic inspections to disburse funds. Allen was on the job every day and supervised all of the work. He designed all of the structural changes, including a floor system for the bedroom over the living room, the floor system of the living room, and the stairway to the second floor. He did all of the electrical, plumbing, and carpentry work and installed all of the windows. He did most of the drywall taping and finishing and most of the painting. The Estelles' found much of this work to be unacceptable, and the bank's inspector agreed that is was of poor quality. When Allen failed to act on the Estelle's complaints, they filed a suit in an Indiana State court against Allen Construction and Allen personally, alleging in part that his individual work on the project was negligent. Can both Allen and his corporation be held liable for this tort? Explain. [Greg Allen Construction C. v. Estelle, 798 N.E.2d 171 (Ind. 2003)]

In responding to the question be sure to:

Analyze whether or not a director/officer can be held liable for the torts of the Greg Allen Construction Corporation.
Discuss whether or not the facts would constitute the type of act protected by the corporate entity.

Reference no: EM13601095

Questions Cloud

Crane inc has decided to use the high-low method to : crane inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components

Korte company is currently producing 16000 units per month : korte company is currently producing 16000 units per month which is 80 of its production capacity. variable

Business transactions often involve the exchange of : business transactions often involve the exchange of property goods or services for notes or similar instruments that

Compute benettons margin of safety using data from 2003 and : 1. how do the formats of the income statements shown on pages 33 and 50 of benettons annual report differ from one

Daniel and sondra estelle hired allens firm to renovate a : daniel and sondra estelle hired allens firm to renovate a home they owned in ladoga indiana. to finance the cost they

Limited liability companies john lesa and trevor form a : limited liability companies. john lesa and trevor form a limited liability company. john contributes 60 of the capital

During the year the company produced 25000 units and sold : the wisconsin company manufactures and sells a single product. the following costs were incurred during the companys

Prepare schedules of cogm and cogs and an income statement : selling exp.........................215000 purchase of raw materials...........260000 direct

On january 2 2013 pod company purchased 25 of the : on january 2 2013 pod company purchased 25 of the outstanding common stock of jobs inc. and subsequently used the

User Account

All Pages