Can I be sued if someone gave my company money but I didnt agree to the deal, my associate did?

I wasn’t even present when this person agreed to give us money. There’s no written contract or promissory note.

Asked on January 9, 2013 under Bankruptcy Law, Texas

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

If your company is a limited liability company, corporation or a partnership there is the potential at least to the partnership scenario that you could be personally held liable for the acts of the other assumed partner with respect to the subject loan that you have written about.

I would have a face to face meeting with the other person affiliated with your business to resolve the loan situation.


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