6 Questions
What was the outcome of the Salomon v Salomon & Co. Ltd case?
The court held that the company has its own rights and liabilities separate from its owner.
What happened to Salomon's shoe business?
It was sold to the company formed by Salomon.
What was the claim made by the liquidator in the Salomon case?
The debentures owned by Salomon belonged to the company.
What is the principle laid down in Salomon's case?
A company has its own rights and liabilities separate from its owner.
What is the implication of the transfer of ownership of shareholders according to Abdul Aziz bin Atan v Ladang Renggo Malay Estate Sdn Bhd?
The entity of the company does not change.
What is the approach of Malaysian courts regarding the principle laid down in Salomon's case?
They are incumbent to follow the principle unless there are compelling reasons not to do so.
This quiz covers the landmark court case of Salomon v Salomon & Co Ltd (1897) AC 22, where the court established the principle of separate legal entity of a company. Learn about the facts and judgement of this important case. Test your knowledge on company law and corporate personality.
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