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Discuss the reasoning of the Court and significance of the findings of Salomon v Salomon & Co Ltd with regard to separate legal entity and

Discuss the reasoning of the Court and significance of the findings of Salomon v Salomon & Co Ltd with regard to separate legal entity and piercing of the corporate veil.

*Need to explain the concept of separate legal entity and example of piercing of corporate veil - e.g. fraud, insolvent trading, avoiding personal contractual obligations.

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