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Tom inherited his fathers landscaping business andincorporated the business after he read an article in Lawn Newsadvising landscaping businesses to incorporate. Tom has been suedby a customer whose prize rose bushes were accidentally damaged bya landscaper. Tom called his attorney Hector to represent him inthe lawsuit. When Hector asked for the corporate minutes Tom saidWhat corporate minutes? Hector advised Tom that his personalassets could be taken if he lost the suit but Tom said No dontworry! Im a corporation; I have no personal liability! Is Tomcorrect? Identify and discuss the legal principle that would beapplied by a court to resolve this issue and predict the outcomeof the suit against Tom.