Landscaping business as well as incorporated the business

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Tom inherited his father's landscaping business as well as incorporated the business after he read an article in Lawn News, counselling landscaping businesses to incorporate. Tom has been sued by a customer whose prize rose bushes were accidentally damaged by a landscaper. Tom called his attorney, Hector to represent him in the lawsuit. When Hector asked for the corporate minutes Tom said, what corporate minutes? Hector counselled Tom that his personal assets could be taken if he lost the suit however Tom said No don't worry I'm a corporation I have no personal liability Is Tom correct? Identify as well as discuss the legal principle that would be applied by a court to resolve this issue as well as predict the outcome of the suit against Tom.

Reference no: EM13107719

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