The case of Salomon v Salomon & Co Ltd [1897] AC 22 is authority for the principal that:

Question

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The Salomon case established the principle that a company is a separate legal entity from its shareholders. This means that a company can own property, sue and be sued, and enter into contracts in its own name, independently of its shareholders. This principle is fundamental to modern company law and has been reaffirmed in numerous cases and statutes. The other options are incorrect or irrelevant to the case.

The Case of Salomon V Salomon & Co Ltd [1897]