The Illinois corporate “survival” statute, 805 ILCS 5/12.80, allows a plaintiff to sue a dissolved corporation for up to five years after the corporation’s existence ends. So, if a corporation was dissolved on April 29, 2014, a plaintiff who had a claim against the corporation prior to April 29, 2014, has through April 29, 2019 …
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Agent of Disclosed Principal in Contract Litigation (Is It A Corporate Or a Personal Obligation?)
Sometimes it’s difficult to determine who the contracting parties are. A common example is where the contract text names the parties are two corporations but it’s signed by an individual. Or, the contract signer clearly notes his corporate affiliation (by stating his job title) next to his signature, but the body of the contract states that …