Is there enough evidence to permit veil piercing requested

Assignment Help Management Theories
Reference no: EM131379311

Dr. Steven A. Pottschmidt was employed by Dr. Thomas J. Klosterman , who was doing business as a corporation named Thomas J. Klosterman , M.D., Inc. Once Pottschmidt's original employment agreement ended, he decided to bring a breach of contract suit against Klosterman alleging that he, Pottschmidt , had not been paid the amount that was actually owed him under the agreement.

Within two months of the lawsuit, Klosterman created a new corporation, called Klosterman Family Practice, Inc. Klosterman Family Practice, however, did not employ anyone other than the staff of the first corporation, Thomas J. Klosterman , M.D., Inc. In addition, the second corporation had not moved from the original office, had not changed its phone number, had not purchased new equipment or new furniture, and had not taken on any new patients.

For a while, the two corporations held separate accounts at one bank. Eventually, however, the first company's bank account was terminated, and income for bills sent out by the first company were placed in the account of the second company.

Pottschmidt wants the court to permit him to pierce the corporate veil of both Thomas J. Klosterman , M.D., Inc., and Klosterman Family Practice, Inc., to hold Dr. Klosterman directly liable for the money owed to him. Is there enough evidence here to permit the veil piercing requested by the plaintiff? Explain.

Pottschmidt v. Thomas J. Klosterman , M.D., Inc. , 169 Ohio App.3d 824 (Court of Appeals of Ohio, Ninth District, Medina County).

Reference no: EM131379311

Questions Cloud

What are typical elements within articles of incorporations : What are the typical elements within the articles of incorporation?- What is the difference between the articles of organization and the operating agreement of a limited liability company?
Briefly summarize the intellectual property law issues : Then, in a 2-3 page paper, briefly summarize the intellectual property law issues in the Napster case and then explain how this decision has impacted contemporary culture
Identify the relevance of pragmatism for social research : From the 2 journal articles you were assigned to read for Week 3, identify the relevance of pragmatism for social research and how pragmatism addresses the dualism between "idealism" and "realism". In your response, be sure to 1) identify and expl..
What is your maximum possible loss : Suppose you sell short 100 shares of IBM currently selling at $120/share. What is your maximum possible loss? What is your maximum loss if you place a stopbuy order at $128/share?
Is there enough evidence to permit veil piercing requested : Pottschmidt wants the court to permit him to pierce the corporate veil of both Thomas J. Klosterman , M.D., Inc., and Klosterman Family Practice, Inc., to hold Dr. Klosterman directly liable for the money owed to him. Is there enough evidence here..
Substantuve criminal law and procedural criminal law : What is the essential difference between substantuve criminal law and procedural criminal law? Provide examples for each and sShould morality, in and of itself, be a sufficient basis for defining particular conduct as criminal? Give reasons to suppo..
Explain what white collar crimes madoff committed : Based on your knowledge of White Collar Crime, these documents and any independent sources that you deem appropriate, please explain what white collar crimes Madoff committed (including citing the applicable federal statutes)
How is the u.s. economy different from a command economy : How is the U.S. economy different from a command economy and Can the U.S. economy be called a true free market economy?
Who is correct in the given situation : The state responded by noting that under the state constitution, it had operated properly and Aerenthal was not entitled to due process. Who is correct here? Explain.

Reviews

Write a Review

Management Theories Questions & Answers

  Change and stress management at hia

Change and stress management at HIA

  Discuss why planning is beneficial

Contrast formal with informal planning. Discuss why planning is beneficial.

  Extremely fearful of pain and suffering and depended

Decedent, Joan Jones, a bedridden, lonely woman, eighty-six years old, owned outright Green acre, her ancestral estate. Baggers, her physician and friend, visited her weekly and was held in the highest regard by Joan.

  Formulate an ip model for this problem

A machine shop makes two products. Each unit of the first product requires 3 hours on machine 1 and 2 hours on machine 2. Each unit of the second product requires 2 hours on machine 1 and 3 hours on machine 2. Machine 1 is available only 8 hours p..

  Arguing that she was denied due process

Allen brings an action against the city and Baldwin for damages for loss of the vehicle, arguing that she was denied due process. Decision?

  What is the sustanbility of business model

How to creat a viable business model?(500 words)Requiment of viable business model. What is the sustanbility of business model in polluting industries

  What are some of the effective tools you may use to reduce

what are some of the effective tools you may use to reduce resistance to system change and increase awareness of your

  What are three benefits of telecommuting

How many people at Amazon.com are considered Upper Management? (look at the organization chart) What are three benefits of telecommuting? What does the Equal Employment Opportunity Commission (EEOC) pertain to

  What are primary communication areas that pms should address

What are the three primary communication areas that a performance management system (PMS) should address? What are the most effective ways for these areas to be communicated to managers and employees?

  Importance of literature in history and culture

Review and reflect on the knowledge you have gained from this course. Based on your review and reflection, write 300-500 words on one of the following: The importance of literature in history and culture How the literary canon has changed in modern..

  Prepare and explain a sfas matrix

Prepare and explain a SFAS matrix

  What are the responsibilities of top management

What are the responsibilities of top management.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd