Multiple Choice
Which of the following was one of the issues that was resolved by the decision in Salomon v.Salomon Ltd.,[1897]A.C.22 (H.L.) ?
A) whether incorporation can be undertaken to limit risk of business bankruptcy
B) whether shareholders are prohibited from becoming highly protected creditors of the company
C) whether companies with few shareholders could be recognized as separate legal entities
D) whether shareholders are totally responsible for their own as well as the entity's obligations
Correct Answer:

Verified
Correct Answer:
Verified
Q4: What is the legal term for decision
Q5: What is the most compelling reason for
Q6: Prior to incorporation,directors are required to hold
Q7: The board of directors of a corporation
Q8: The term "bond" is synonymous with which
Q10: Remmie Ltd.owns all of the Class B
Q11: What is required to be set out
Q12: Which of the following describes the purpose
Q13: The primary purpose of the legislated requirement
Q14: A closely held corporation typically has several