BUS 415 Week 4 DQ 1 Tom inherited his father?s landscaping business, and incorporated the business Law Assignment Help

Tom inherited his fathers landscaping business, andincorporated the business after he read an article in Lawn News,advising landscaping businesses to incorporate. Tom has been suedby a customer, whose prize rose bushes were accidentally damaged bya landscaper employed by Toms corporation. This incident occurredsubsequent to the formation of the corporation. Tom called hisattorney, Hector, to represent him in the lawsuit. When Hectorasked for the corporate minutes, Tom said, What corporateminutes? Hector advised Tom that his personal assets could betaken if he lost the suit, but Tom said, No, dont worry! Im acorporation; I have no personal liability! Is Tom correct?Identify and discuss the legal principle that would be applied by acourt to resolve this issue, and predict the outcome of the suitagainst Tom.

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