Algernon never paid the sums due on the contract and arnold


Arnold was the sole shareholder, president, and CEO of Algernon Enterprises, Inc. Acting on behalf of Algernon, Arnold negotiated the purchase on credit of inventory from Amax. The contract was signed in the name of Algernon Enterprises. Algernon never paid the sums due on the contract, and Arnold and the corporation were sued. What is the liability of Arnold?

Request for Solution File

Ask an Expert for Answer!!
Operation Management: Algernon never paid the sums due on the contract and arnold
Reference No:- TGS02591133

Expected delivery within 24 Hours