Explain the concept of salomon principle, Business Law and Ethics

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Question 1:

(a) Explain the concept of Salomon Principle and critically analyse its importance in company Law.

(b) Discuss why and in what circumstances the court will pierce the corporate veil.

Question 2:

(a) Discuss how an agency relationship is formed and how can it be terminated?

(b) What is the pertinence of such a principle of law in the business organization?

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