Theory of corporate personality

Reference no: EM13969440

1. The court will not allow the theory of corporate personality to be used as a means of fraud or sharp practice - the judge has the power to 'draw aside the corporate veil'.

Explain what happens when the court does draw aside the veil and describe a situation in which the court has exercised its power.

2. A and B are partners in an ordinary partnership. The firm is insolvent. Joe, a creditor, has successfully sued A for a debt of £2,000. What rights, if any, has A against B?

3. A, B, C and D wish to form a partnership in which all of them will be limited partners. Advise them.

4. What is the maximum number of employees allowed to a company which wishes to qualify as a 'small' company?

Reference no: EM13969440

Questions Cloud

Provisions of the companies act 2006 : Joseph David Soap wishes to set up in business on his own as a carpenter, having acquired a small busi- ness connection from John Smith. Which of the following trading names, if any, would require Joe to comply with the provisions of the Companies..

Meant by the expression partnership property : Fred is a new partner in Gee & Co, a firm of interior designers. In discussion at a recent meeting of the partners Fred was told that the office building at which the firm is based is not partnership property. Explain to Fred: (a) What is meant by..

Are current policies sufficient to protect us : What do you think will be the most pressing environmental health issues from global climate change in the next 5-10 years? Are current policies sufficient to protect us or do we need new policies

Theory of corporate personality : 1. The court will not allow the theory of corporate personality to be used as a means of fraud or sharp practice - the judge has the power to 'draw aside the corporate veil'.

Create a program for a bank to process a set of transactions : Create a program for a Bank to process a set of transactions (i.e., deposit and withdraw) against a set of accounts, and produce a statement for each account. Input to the program will be two files one containing a list of accounts and the other ..

Write about driverless car : Write 300 words about driverless car. The driverless car. Search for info and write one page (about 300 words) taking a favorable or unfavorable stance

Different types of legal proceedings : Identify the different types of legal proceedings which might arise from these facts. For each type of legal action you have identified in (a), discuss the nature of the legal liability and the purpose or objective of taking legal action.

What leadership qualities did the coaches demonstrate : What leadership qualities did the Coaches demonstrate to be able to bring the team together to win the championship?

User Account

All Pages