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by tptacek 6222 days ago
More specifically:

Citing general treatises and texts on corporate law, the majority sets out general precepts like “insulation from individual liability is an inherent purpose of incorporation; only extraordinary circumstances justify disregarding the corporate entity to impose personal liability . . . a corporate officer is not the employer responsible for creating the contractual employment relationship and is not personally responsible for a breach of that relationship . . .” Id. The court rejected the employees' argument, viewing it as making every corporate officer a surety (guarantor) for the corporate obligations. Thus, the court found, that under general principles of corporate law, the officers of Nations Way were insulated from liability by the general principles of corporate and agency law.