"Salomon v a salomon case" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 1 of 50 - About 500 Essays
  • Good Essays

    Salomon V Salomon

    • 381 Words
    • 2 Pages

    Salomon vs Salomon The main issue relates to corporate entity or personality‚ a company being a legal entity independent of its members‚ can enter into contracts and own property in its own right‚ can sue and be sued and also taxed in its own name. The principle of corporate entity was established in the case of Salomon v A. Salomon ‚ now referred to as the ‘Salomon’ principle. The facts of this case were that the owner of a business sold it to a company he had formed‚ in return for fully

    Premium Business Legal entities Types of business entity

    • 381 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    salomon v salomon

    • 1783 Words
    • 8 Pages

    the legal standing of the doctrine of ’separate legal personality ’ as it was developed in Salomon v. Salomon & Co Ltd [1897] AC 22. Even though this doctrine is the stone head of the English company common law‚ the courts introduced several exceptions which undermined the ’veil of incorporation ’. The exceptions were firstly introduced in the mid-60s by Lord Denning in Littlewoods Mail Order Stores Ltd. V IRC [1969]‚ and allowed the court to lift the veil and hold the shareholders liable for the

    Premium Corporation Corporations law Legal entities

    • 1783 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    Salomon V a Salomon

    • 2261 Words
    • 10 Pages

    Salomon v A Salomon and Co Ltd (Salomon) has created an impressive case in English Law history. The decision of the House of Lords in Salomon has reaffirmed the separate legal personality of a company. A separate legal personality is also known as the corporate personality. It is one of the consequences of the Company Act 2006 which incorporated a sole trader company to a limited company. When a company has undergone incorporation‚ it simply means that the shareholders of the company are separated

    Premium Corporation Limited liability

    • 2261 Words
    • 10 Pages
    Best Essays
  • Good Essays

    Salomon V Salomon

    • 534 Words
    • 3 Pages

    bungalow lot from Salman and/or Tatipu Sdn Bhd by lifting the corporate veil (case law/judicial exceptions) under the concept of separate legal entity. (1/2 marks) Rules: - In separate legal entity doctrine‚ a company has a legal personality of its own apart from the persons who owns it. The law will treat the company and the members as separate legal persons as decided in the case Salomon v Salomon. - However‚ in certain circumstances‚ a court may ignore the separate legal

    Premium Legal person Person Corporations law

    • 534 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    http://www.studymode.com/subjects/souter-v-shyamba-pty-ltd-page1.html Salomon v Salomon & Co Ltd (1897)- company is a separate legal entity Lee v Lee’s Air Farming (1961) Case Summary: The facts disclosed that in 1954‚ Mr. Lee had formed the respondent company carrying on the business of crop spraying from the air. Mr. Lee owned 2‚999 of the company’s 3‚000 shares. Apart from that‚ he also was the company’s governing director whereby he had appointed himself as the only pilot of the company

    Premium Employment

    • 499 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Salomon Case

    • 588 Words
    • 3 Pages

    Salomon v A Salomon & Co LTD Mr.Salomon was a wealthy man and he was a boot and shoe manufacturer trading on his own sole account. In 1982‚ he decided to convert the business into a limited company. Fot this purpose‚ “Aron Salomon and Company Limited” was formed with liability limited by shares. The memorandum of the company was subscribed by Aron Salomon‚ his wife and five of his children. The intention of having his own family members in the memorandum is to retain the business in their own hands

    Premium Corporation Debt Asset

    • 588 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    nđãsửdụng Salomon v A Salomon & Co Ltd From Wikipedia‚ the free encyclopedia   (Redirected from Broderip v Salomon) Salomon v A Salomon & Co Ltd [1897] AC 22 is a landmark1 UK company law case. The effect of the Lords ’ unanimous 2 ruling was to uphold 3firmly the doctrine4 of corporate personality‚ as set out in the Companies Act 1862‚ so that creditors of an insolvent company could not sue the company ’s shareholders to pay up outstanding debts. Facts[edit] MrAron Salomon made leather boots

    Premium Corporation

    • 1326 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Salomon vs Salomon

    • 1544 Words
    • 7 Pages

    entity independent of its members‚ can enter into contracts and own property in its own right‚ can sue and be sued and also taxed in its own name. The principle of corporate entity was established in the case of Salomon v A. Salomon ‚ now referred to as the ‘Salomon’ principle. The facts of this case were that the owner of a business sold it to a company he had formed‚ in return for fully paid-up shares to himself and members of his family‚ and secured debentures. When the company went into liquidation

    Premium Corporation Legal entities Types of companies

    • 1544 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    salomon

    • 451 Words
    • 2 Pages

    Aron Salomon was a successful leather merchant who specialized in manufacturing leather boots. For many years he ran his business as a sole proprietor. By 1892‚ his sons had become interested in taking part in the business. Salomon decided to incorporate his business as a Limited company‚ Salomon & Co. Ltd. At the time the legal requirement for incorporation was that at least seven persons subscribe as members of a company i.e. as shareholders. Mr. Salomon himself was managing director. Mr. Salomon

    Premium Bankruptcy Liquidation Floating charge

    • 451 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    The Salomon and Co. Case

    • 4626 Words
    • 19 Pages

    The Salomon & Co.[1] case brought about the most significant decision ever laid down in Company Law. The House of Lords decision is the leading authority on the principle that the company [2]‚ which is incorporated under the Companies Acts 1963 is a separate legal entity‚ separate from its members and capable of having a corporate personality of its own‚ as Lord MacNaghten stated in Salomon “a different person altogether”[3]‚ from that of the members‚ almost depicting a fictional character capable

    Premium Corporation Subsidiary Legal entities

    • 4626 Words
    • 19 Pages
    Powerful Essays
Previous
Page 1 2 3 4 5 6 7 8 9 50