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Business Organizations Keyed to Macey
Haneward v. Bryan’s Inc.
Citation:
429 N.W.2d 414 (1988)Facts
On July, 1984, Keith and Joan Bryan incorporated Bryan’s, Inc. to engage in and operate a general retail clothing store. The certificate of incorporation was issued by the Secretary of State. The first board elected Keith Bryan as president and Joan Bryan as secretary-treasurer of Bryan’s Inc. On August, 1984, Hanewald sold his dry goods store in Hazen to Bryan’s, Inc. Bryan’s, Inc. began operating the retail clothing store but lasted only four months. Bryan’s, Inc. did not pay the $5,000 promissory note to Hanewald. Hanewald sued the corporation and the Bryans for breach of the lease agreement and the promissory note, seeking to hold the Bryans personally liable.
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