Delaware Superior Court Explains Liability Of Signatory To Contract
Posted In Breach of Contract
TMC Consulting v. Wright, C.A. N15C-11-132 EMD CCLD (January 26, 2017)
This is an excellent review of when a signatory to a contract might be personally liable notwithstanding that he claims to have only signed in a representative capacity. Hint: contractual references to the signatory separate and apart from the entity for which he is signing may create an ambiguity that prevents dismissal. It also has a good discussion on the limits of immunity for court-appointed receivers.
Tags: contract, ReceivershipShare