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

Multiple Choice

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

A) the debts of a company are the debts of its shareholders.
B) a company is a legal entity separate from its shareholders.
C) debenture holders take precedence over unsecured creditors.
D) companies must have more than one director.