View Full Version : Corporate Credit Card liability to officer
Stecky
Feb 3, 2009, 11:02 AM
Can a collections company working on behalf of credit card companies utilize "Quantum Meruit" in order to collect from officer of corporation, where no personal guarantee exists?
JudyKayTee
Feb 3, 2009, 11:28 AM
They can certainly attempt it - do I think they'll win? No. Of course, an IMPLIED guarantee can form a contract and that will be the argument. I've seen this argued based on where and how the card was used. One personal purchase/use and the officer is liable.
Fr_Chuck
Feb 3, 2009, 11:36 AM
As long as all purchases were done properly, no personal purchase and no personal promises made.
Thus the reason to have a corporation