IOS Capital, Inc. v. Phoenix Printing, Inc.

JUSTICE COOK,

specially concurring:

I concur in the decision to reverse.

National Acceptance is a troublesome case. National Acceptance recognizes the general rule, that “[o]ne of the purposes of a corporate entity is to immunize the corporate officer from individual liability on contracts entered into in the corporation’s behalf.” National Acceptance, 94 Ill. App. 3d at 706, 418 N.E.2d at 1116-17. That rule is not just a sidelight. The rule is essential and goes to the very reason for the existence of corporations. “Accordingly, in most instances, the law immunizes corporate officers from…