What Is Company Law And Its Importance? Business law serves as a way to maintain order among businesses, brands, and companies alike. They protect the rights of the company, and of the people who work there, as well as help to establish a certain standard for how things should be run. What do you mean
What Did Salomon V Salomon Establish? The ‘rigid construct’ of company law, Salomon v A Salomon, established a century-old principle, that is, the separate juristic personality of a corporation, out of which ‘the legal structure of modern business’ was born; and, the so called corporate veil remains unchallenged. Why Solomon v Solomon very important? This
Is A General Rule Of Corporate Law That Provides That Generally Shareholders? Limited liability of shareholders. A general rule of corporate law which provides that generally shareholders are liable only to the extent of their capital contributions for the debts and obligations of the corporation and are not personally liable for those debts and obligations.