MICH. SUPREME COURT SAYS PRESIDENT IS NOT LIABLE FOR CORPORATE DEFAULT Bandit Indus. v. Hobbs Int'l | Secondary Sources | Westlaw

MICH. SUPREME COURT SAYS PRESIDENT IS NOT LIABLE FOR CORPORATE DEFAULT Bandit Indus. v. Hobbs Int'l | Secondary Sources | Westlaw

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MICH. SUPREME COURT SAYS PRESIDENT IS NOT LIABLE FOR CORPORATE DEFAULT Bandit Indus. v. Hobbs Int'l

16 No. 8 ANCODLLR 7Andrews Corporate Officers and Directors Liability Litigation Reporter (Approx. 2 pages)

MICH. SUPREME COURT SAYS PRESIDENT IS NOT LIABLE FOR CORPORATE DEFAULT Bandit Indus. v. Hobbs Int'l

16 No. 8 ANCODLLR 7Andrews Corporate Officers and Directors Liability Litigation Reporter (Approx. 2 pages)

16 No. 8 Andrews Corp. Off. & Directors Liab. Litig. Rep. 7
Andrews Corporate Officers and Directors Liability Litigation Reporter
January 29, 2001
Agency
Copyright (c) 2001 Andrews Publications

MICH. SUPREME COURT SAYS PRESIDENT IS NOT LIABLE FOR CORPORATE DEFAULT

Bandit Indus. v. Hobbs Int'l

The Michigan Supreme Court has rejected a creditor's attempt to hold a corporate president personally liable as a guarantor, because the creditor did not prove that the officer expressly intended to be responsible for the company's default. Bandit...
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