US EditionBuyer’s corporation fails to close—but owner not personally liable, says court
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Buyer’s corporation fails to close—but owner not personally liable, says court
QUICK HITS In Dawood v. Popes Property Holdings Inc., the Ontario Superior Court held that an individual behind a corporation could not be held personally liable for a failed real estate transaction once the corporation had properly adopted the agreement under section 21 of the Business Corporations Act. The court found no basis to pierce the corporate veil, as there was no evidence of fraud or improper conduct, even though the individual si…
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