X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

15-330. YELLOW BOOK SALES AND DISTRIBUTION COMPANY INC. (A DELEWARE CORPORATION), plf-app, v. M&J COMMODITY BROKERAGE CORP., JAMES APPEL AND MICHAEL APPEL, def-res — Judgment (Nancy M. Bannon, J.), entered August 8, 2014, insofar as appealed from, affirmed, with $25 costs.

The trial court’s determination that defendant Michael Appel [Appel] is not liable as a guarantor on the advertising contracts he executed on behalf of the corporate defendant is supported by a fair interpretation of the evidence. The contracts at issue, between plaintiff and the corporate defendant, contained only a single signature line, and Appel testified that he signed the contracts on behalf of the corporate defendant and never intended to be personally liable. Although the text of the agreement states that the signor is also personally liable as a guarantor, we agree with the trial court that in the particular circumstances at issue, there was no clear and explicit evidence that Appel intended to superadd his personal liability to that of the corporate defendant (see Savoy Record Co. v. Cardinal Export Corp., 15 NY2d 1, 6-7 [1964]; Yellow Book Sales & Distrib. Co., Inc. (a Del. Corp.) v. RS Bldrs., Inc., 41 Misc3d 146[A], 2013 NY Slip Op 52104[U] [App Term, 9th and 10th Jud Dists 2013]; see also Yellow Book Sales & Distrib. Co., Inc. v. On Call Plumbing & Heating, Inc., 99 AD3d 896 [2012]; Yellow Book of NY v. DePante, 309 AD2d 859 [2003]; Herman v. Ness Apparel Co., 305 AD2d 217 [2003]). As the Court of Appeals stated more than 50 years ago: “[i]n modern times most commercial business is done between corporations, everyone in business knows that an individual stockholder or officer is not liable for his corporation’s engagements unless he signs individually, and where individual responsibility is demanded the nearly universal practice is that the officer signs twice once as an officer and again as an individual” (Salzman Sign Co. v. Beck, 10 NY2d 63, 67 [1961]).

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
September 05, 2024
New York, NY

The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.


Learn More
July 11, 2024
New York, NY

The National Law Journal Elite Trial Lawyers recognizes U.S.-based law firms performing exemplary work on behalf of plaintiffs.


Learn More
July 22, 2024 - July 24, 2024
Lake Tahoe, CA

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.


Learn More

We re a Business Law firm looking to hire an experienced Associate Attorney for our litigation and transactional practices. We have offices ...


Apply Now ›

Salary: $81,785.60 - $131,414.40 Annually Description: The Deputy District Attorney I/II/III performs a variety of professional legal wor...


Apply Now ›

NEW YORK CITY SCHOOL CONSTRUCTION AUTHORITY Invites applications for the position of:Senior Attorney - Employment and LaborThe New York ...


Apply Now ›
06/27/2024
The American Lawyer

Professional Announcement


View Announcement ›
06/21/2024
Daily Business Review

Full Page Announcement


View Announcement ›
06/14/2024
New Jersey Law Journal

Professional Announcement


View Announcement ›