The recognition that a corporation is a separate legal entity in its own right is the foundation of modern corporate law

Your answer must include a discussion of the following:

Explain the Salomon v A Salomon And Co Ltd [1897] AC 22 case. How is this case incorporated in the Corporations Act 2001 (Cth)?

Discuss the legal basis of the statement using a corporate entity as an example

Explain the future of the legal principle detailed in Salomons case and whether you think changes are necessary in the current law