What was the main rule that was established in Lee v Lee's Air Farming Ltd (1961) ?
A) A company is separate from the person who controls it.
B) A person who was the main shareholder and director of a company could also be an employee of the company.
C) A person cannot escape liability by hiding behind the 'corporate veil'.
D) A director who takes no part in the daily business of the company may be liable for debts it incurs when it was insolvent.
Correct Answer:
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