Create certain number of paintings within six-month period

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Reference no: EM132167392

Art Unlimited was a corporation created by Lila Larcon to sell to hotels the works of many different artists. Standford Beech was one of the artists contracted by the corporation to create a certain number of paintings within a six-month period. Beech completed and delivered his paintings according to the contract. However, he never recieved payment due to the gross undercapitalization of the corporation. Beech sued Larcon, who raised the defense that Beech's contract was with the corporation, not with her. Larcon owned 100 percent of the stock of two related corporations: Art Supplies and The Artists' Haven. The funds of the three corporations had been handled in disregard of the seperate identity of Art Unlimited. Could Larcon be held personally liable for Beech's contractual fee? Explain why or why not and the law(s) used to come to that conclusion.

Reference no: EM132167392

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