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Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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I owned a Meat Wholesale Ltd Co which has gone into administration.

Customer Question

I owned a Meat Wholesale Ltd Co which has gone into administration. I had 6 or 7 buyers who attended Livestock Auctions up & down the country.
All the Auctions Marts charge my company with the purchases & never to my buyers.
Could any of my buyers be liable for my company debt.
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Hello my name is ***** ***** I will help you.
If they were acting on behalf of the company then no. This is because they were acting for the company and the company is vicariously liable for any debts they incur whilst in the course of business on behalf of it.
Unless the auction house had a personal guarantee with the individual then they are not liable.
Can I clarify anything for you about this today please?