Practice point: Persons may not be held personally liable on the corporation's contracts, provided they did not purport to bind themselves individually.
Students should note that a corporation's officers do not become liable merely because they have made decisions or taken actions that resulted in the corporation's breaching a contract.
Case: Stern v. H. DiMarzo, Inc., NY Slip Op 07327 (2d Dept. 2010)
Here is the decision.
Monday's issue: Municipalities Law.
