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A registered company is a body corporate and an artificial legal person separate from the shareholders. A company is therefore said to have separate legal

A registered company is a body corporate and an artificial legal person separate from the shareholders. A company is therefore said to have separate legal personality or corporate personality. This was recognized most famously in Salomon v A. Salomon & Co Ltd [1897] AC 22.

Briefly discuss the impact of the case and the justifications behind the decisions of the various courts involved. (10 marks)

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