Cindy entered into a contract with Dennis to sell 5,000 hand-made wooden carvings to Dennis. However, the contractual documentation stated that the contract was made with Dennis’s company ‘Dennis-the-Menace (Pty) Ltd’. Dennis was the only shareholder in this company. Although the carvings have been delivered, they have not been paid for. Dennis-the-Menace (Pty) Ltd has now been liquidated as insolvent. Cindy, however, suspects that Dennis knew that his company would not have the money to pay for the carvings.Required:Advise Cindy on the possibility of holding Dennis personally liable for the payment of the wooden carvings. (10 marks)
