Upon incorporation, a company becomes a separate legal entity, distinct from its members. Thus it acquires rights, obligations and duties which are different and distinct from those of its members. Assets, debts, and obligations all belong to the company and not the members. This is the corporate personality
used by the company to conduct its business.
Discuss this statement in view of the decision in Salomon v Salomon [1897] AC 22.
Please find a document attached. The document attached is a different topic but it is a sample essay provided by a lecturer to show us the writing style and how the particular sections should be divided and how the structure more or less should look. Full bibliography is required.
1. Case
2. Issue
3. Law
4. Application
5. Conclusion
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