Kramer hired an attorney on March 1 to incorporate his start-up website development company. He began operating as president the corporation "WebVisions", and strictly adhered to all formalities associated with the corporate form. One of the actions Kramer took was to sign a contract with IBM for the purchase of a dozen computers for his programmers to use. For six months, WebVisions carried on business of the corporation as usual, and made monthly payments to IBM on the computer systems. Kramer then discovered that the attorney he hired had only just filed the incorporation document on September 15. When IBM discovered the oversight, they filed a claim against Kramer for the $28,678 remaining on the computer purchase contract. Is Kramer personally liable for the balance?