Disregarding the Corporate Entity. Steven and Janis Gimbert leased a warehouse to a manufacturing business owned by Manzar Zuberi. Zuberi signed the lease as the purported representative of ATM Manufacturing, Inc, which was a nonexistent corporation. Zuberi was actually the president of two existing corporations, ATM Enterprises, Inc, and Ameri-Pak International. Under the Ameri-Pak name, Zuberi manufactured a household cleaning product in the Gimberts' warehouse. The hydrochloric acid used in the operations severely damaged the premises, and the Gimberts filed a suit in a Georgia state court against Zuberi personally to collect for the damage. On what basis might Zuberi be held personally liable? Discuss fully.
Question 2
The death of a principal would affect the validity of contracts then made by the agent for the principal.
a. True
b. False
Indicate whether the statement is true or false