Week6Assignment

Week6Assignment - Chapter 36.11 Case Details: - John A....

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Chapter 36.11 Case Details : - John A. Goodman, a real estate salesman, sold an apartment building to Darden, Doman & Stafford Associates (DDS) which needed extensive renovation. - During the course of the renovation contract, Goodman informed DDS that he would be incorporation his renovation business. - The renovation contract was executed in August 1979 between DDS and “Building Design and Development (In Formation), John A. Goodman, President”. - The contract required the work to be finished by October 15. - Goodman immediately subcontracted the work to a third party. But the work did not finish in time and the completed work also had poor quality. - Goodman did not file the incorporation with the state until November 1. - The DDS partners sued Goodman but he denied personal liability on that matter. Goodman sold the mentioned apartment to DDS partners. The apartment needed extensive renovation. Goodman, without any prior experience of such renovation, claimed that he can renovate the property. The contract executed between DDS and Building Design and Development, a corporation in formation under presidency of Goodman. He was planning to start a company as a promoter. But immediately after, he subcontracted the renovation work to a third party. The renovation did not finish in time and that too with poor quality. The incorporation was not filed until the renovation contract had to be finished. Goodman did not file the incorporation process during the process of the renovation. That makes him
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This note was uploaded on 08/01/2009 for the course AC AC555 taught by Professor J.albright during the Spring '09 term at Dominican.

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Week6Assignment - Chapter 36.11 Case Details: - John A....

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