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If my company leased items from another company, and those items were subsequently sold without any personal guarantees signed by the CEO, is there a possibility that the other company could pursue legal action against the CEO personally?
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If a corporation is engaged in tortious conduct, which is intentional conduct that causes injury, responsible persons in the company can be held liable. In this case, the tort would be conversion which is essentially civil theft.
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Answered on Dec 29th, 2023 at 11:26 AM