CASE STUDY.

Horizon Resources Bethany Ltd v Cutco Industries Inc.

Cutco is a successor entity to Cut & Curl, Inc who was a parent company of Cut & Curl of Bethany Square, Inc.  The case involved a lease between the plaintiff and the subsidiary company.  The Parent was held liable for a lease between its subsidiary because of a personal guarantee, even thought the subsidiary changed the lease structure without informing the parent.

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