Which of the following was one of the issues that was resolved by the decision in Salomon v.Salomon Ltd.,[1897]A.C.22 (H.L.) ?
A) whether incorporation can be undertaken to limit risk of business bankruptcy
B) whether shareholders are prohibited from becoming highly protected creditors of the company
C) whether companies with few shareholders could be recognized as separate legal entities
D) whether shareholders are totally responsible for their own as well as the entity's obligations
Correct Answer:
Verified
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