[Download] "Postal Instant Press" by Colorado Supreme Court * eBook PDF Kindle ePub Free

June 07, 2021

eBook details

Title: Postal Instant Press
Author : Colorado Supreme Court
Release Date : January 20, 2008
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 82 KB

Description

Kaswa Corporation (Kaswa) appeals from an amended judgment entered after the trial court granted the motion of Postal Instant Press, Inc. (PIP), to add Kaswa as a defendant/judgment debtor. PIP had obtained the judgment against Shahid Rangoonwala, a former shareholder of Kaswa, for claims arising out of a franchise agreement to which Kaswa was not a party. In this case of first impression in California, we analyze authorities nationwide and hold a third party creditor may not pierce the corporate veil to reach corporate assets to satisfy a shareholders personal liability. Accordingly, we reverse.