What was the main rule that was established in Salomon's Case (1897) ?
A) A person who was the main shareholder and director of a company could also be an employee of the company.
B) A company is separate from the person who controls it.
C) A director who takes no part in the daily business of the company may be liable for debts if the company becomes insolvent.
D) A person cannot escape liability by hiding behind the 'corporate veil'.
Correct Answer:
Verified
Q2: Which of the following criteria must be
Q3: What was the main rule that was
Q4: One of the disadvantages of operating a
Q5: One of the major effects of incorporation
Q6: A partnership is defined as:
A)3 or more
Q7: A company's constitution can only be changed
Q8: Which of the following statements is true
Q9: One of the advantages of running a
Q10: A director who is a full- time
Q11: A limited liability company (one limited by
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