Question
Explain the concept of separate legal entity and the corporate veil. In what circumstances may the veil be lifted by the Court. Provide case
Explain the concept of separate legal entity and the corporate veil. In what circumstances may the veil be lifted by the Court. Provide case examples in your answer. (10 marks) Part b)-5 marks Can a company become liable under a corporate contract even when they did not authorise the transaction? Explain with reference to ostensible/apparent authority. Make reference to relevant tests and authorities. (5 marks)
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a The concept of a separate legal entity refers to the principle that a company is a separate legal entity from its shareholders directors and officers This means that a company can sue and be sued in ...Get Instant Access to Expert-Tailored Solutions
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Canadian Income Taxation Planning And Decision Making
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