Business Studies

The case of Salomon v A Salomon & Co Ltd established a number of principles. Which One of the following was NOT a principle established in Salomon case?


ANSWER

None of the above


SOLUTION
In the case of salomon vs salomon & co ltd the principle was that the company had the legal existence in the eyes of the law and so creditor and shareholder can joint their personal assets for setting off losses
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Single Correct Medium Published on 18th 08, 2020
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