Legal Opinion
Company Stores Development Corp. v. Pottery Warehouse, Inc.
Court of Appeals of Tennessee
Decided May 13, 1987PublishedCited by 3 opinions
1Opinion of the Court
OPINION
FRANKS, Judge.
This appeal presents the issue of whether a corporate promoter who signed a lease agreement as an officer of a prospective corporation falls within the ambit of T.C.A., § 48-1-1405, 1 and is thus personally liable to the lessor.
On February 28, 1984, Company Stores Development Corporation executed a lease with Pottery Warehouse, Inc., for the rental of store premises for a term of 5 years. At the time the lease was entered, Pottery Warehouse had not been incorporated and was not incorporated until March 29, 1984. The lease recites the corporation was to be organized and…
2Cases cited8 opinions
- Stap v. Chicago Aces Tennis Team, Inc.Appellate Court of Illinois · 1978
- Ratner v. Central Nat. Bank of MiamiDistrict Court of Appeal of Florida · 1982
- Thompson & Green MacHinery Co. v. Music City Lumber Co.Court of Appeals of Tennessee · 1984
- Universal Industries Corp. v. LindstromAppellate Division of the Supreme Court of the State of New York · 1983
- Sherwood & Roberts-Oregon, Inc. v. AlexanderOregon Supreme Court · 1974
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3Cited by3 opinions
- Brown Leasing, Inc. v. StoneAppellate Court of Illinois · 1996
- B&L Management Group, LLC v. AdairDistrict Court, W.D. Tennessee · 2019
- Brown Leasing, Inc. v. StoneAppellate Court of Illinois · 1996