Solved

Which of the Following Reflects the Opinion Held by the Court

Question 15

Multiple Choice

Which of the following reflects the opinion held by the court with respect to the concerns of creditors in the historical case of Salomon v. Salomon Ltd., [1897] A.C. 22 (H.L.) ?


A) Incorporation is undertaken to limit risk of business bankruptcy.
B) Shareholders are prohibited from becoming highly protected creditors of the company.
C) The fact that one or several shareholders limit their liability is irrelevant.
D) Shareholders are totally responsible for their own as well as the entity's obligations.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents