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YOUNGREN v. REZZONICO

No. 1 CA-CIV 2696.

25 Ariz. App. 304 (1975)

543 P.2d 142

Louis P. YOUNGREN, Individually, Appellant, v. Richard A. REZZONICO, Appellee.

Court of Appeals of Arizona, Division 1, Department A.

Rehearing Denied January 15, 1976.

Review Denied February 10, 1976.

Attorney(s) appearing for the Case

Price, Tinney, Lindberg & Gianas, by John Price, Tucson, for appellant.

Mangum, Wall & Stoops, by Daniel J. Stoops, Flagstaff, for appellee.

OPINION

OGG, Presiding Judge.

The controlling question in this case is whether it was proper to set aside the corporate entity under the "alter ego" theory and hold a stockholder liable for a corporate debt.

The defendant-appellant Louis P. Youngren, as President of Taurus Industries, Inc., purchased a registered quarter horse from the plaintiff-appellee Richard A. Rezzonico. As payment for the horse Rezzonico received a $10,000 promissory note signed...

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