If a business was operated in a legal entity eg. ABC Products CC t/a Inspirational Shoes and the/one of the members of that close corporation sells the business with (only equipment, office furniture and machinery and some old lay-buy contracts) (not the business with name as such), may that member sell it in his personal capacity only - i.e. the Sale Agreement is only drawn up in his own personal name and nowhere in this contract is the cc or "trading as" name mentioned at all. However the Trading name clearly appears on all existing lay-buy contracts "sold" in this sale agreement. How valid is this agreement? Is it legal to do it this way?