In the case of Gilford Motor Co Ltd v Horne, which of the following statements is untrue?

Group of answer choices

Horne's company was held to be subject to the same contractual provisions as Horne was himself

The decision in Gilford Motor Co Ltd v Horne was overruled by the Supreme Court in Prest v Petrodel Resources Ltd

Horne's company was held by the court to be a sham company

The case is an example of piercing the veil of incorporation

What is meant by lifting the "veil of incorporation"? (Tick all that apply)

Group of answer choices

The separation of the personality of the company from its members is not to be maintained

Ignoring the fact that an act has been performed by a company the courts may look at the actions of the company officers.

An artificial person is not capable of doing anything illegal or fraudulent

Where a company may have been formed to avoid a legal liability, the courts may look at the true intention of those involved.

How do Dignam & Lowry interpret veil lifting? Tick all that apply

Group of answer choices

The Salomon era

Back to basics (1989 - present)

Interventionist period (1966-1989)

Classic era (1897-1966)

The judgment in Salomon v A Salomon Co Ltd dominated during the classic period

Group of answer choices

True

False

\fPractice Question Enter your answer to each question in the space provided. Click on the button marked "Check Answer" to see if you are correct. Siamese Fighting Fish (Betta splendens) normally have short, rounded tails. Hobbyists have developed a variant that has a long, drooping "veil" tail. When pure breeding round-tailed fish are bred with pure breeding veil-tailed fish the progeny all have veil tails. When F1 progeny from such a cross were self-crossed, the F2 generation consisted of 63 veil-tailed fish and 25 round-tailed fish. Which phenotype is dominant? Veil tail Check Answer What percentage of the F1 progeny are expected to be heterozygous? % Check Answer What percentage of the F2 round-tailed progeny are expected to be heterozygous? % Check Answer What percentage of the F2 veil-tailed progeny are expected to be heterozyg %% Check AnswerQuestion 6 (2 points) Which of the following is true of a closely held corporation? It is often called a municipal corporation. It is a corporation not organized for profit. It is a governmental organization. The shareholders in a closely held corporation are fewer in number. The stock in a closely held corporation is widely held. Save OWSASSIGNMENT QUESTION PURPOSE The purpose of this assignment is to enhance learners' ability to explain the types of companies and exceptions of corporate veil. Learners are also expected to be able to discuss the duties of directors of a company. REQUIREMENT Explain the types of companies and the exceptions of corporate veil. Discuss the duties of the directors of a company. Give your View on the exceptions ol' corporate veil and duties of the directors. [Totah 60 marks]