Salomon v Salomon \& Co Ltd [1897] AC 22 House of Lords (UK)... was a case involving a London Shoe salesman. defined the concept of a company being a "separate legal entity" from it's directors. was a case that said company directors can be held liable for their debts. 1&2 of the above. All of the above. QUESTION 12 The key to the incorporation of a company is that ... a company is it's human entities such as directors. a company is a non-human entity with legal privileges. an incorporated association can make profits and pay taxes. none of the above