What were the principal arguments made by the creditors in the Salomon case in attempting to make
Question:
What were the principal arguments made by the creditors in the Salomon case in attempting to make Salomon personally liable?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
In the landmark case of Salomon v Salomon Co Ltd creditors attempted to pierce the corporate veil and hold Mr Salomon personally liable for the debts ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
The Law And Business Administration In Canada
ISBN: 9780133251678
14th Edition
Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill
Question Posted:
Students also viewed these Social Science questions
-
In the ZZZZ Best case, explain the kinds of evidence that the auditors gathered and how the auditors failed. just write one or two paragraph to support ZZZZ Best Case On May 19, 1987, a short article...
-
At the ZZZZ Best Company What is the accounting issue(s) at the core of the problem? At the ZZZZ Best Company was the accounting principle followed correctly or misconstrued by the parties? Why or...
-
In the business world of the Roaring Twenties, the schemes and scams of flimflam artists and confidence men were legendary. The absence of a strong regulatory system at the federal level to police...
-
Ned and Nelly Norbert, both aged 35, have three small children. Nancy aged 10, Nadia aged 8, and Nadine aged 3. The Norberts want to ensure that they have adequate resources in place to complete...
-
A sample of final exam scores is normally distributed with a mean equal to 20 and a variance equal to 25. (a) What percentage of scores is between 15 and 25? (b) What raw score is the cutoff for the...
-
Why is the residual equity theory more in line with Clarks assessment of recent research in finance than entity and proprietary theory?
-
Search the print media or the Internet for an example of an act of high social responsibility by a business firm. Explain why you think the actions taken by the firm reflect high social...
-
The Barnum Company acquired several small companies at the end of 2006 and, based on the acquisitions, reported the following intangibles in its December 31, 2006 balance sheet: Patent ...........
-
Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 76 units @ $22 Oct. 7 Sale 57 units Oct. 15 Purchase 71 units @ $26 Oct. 24...
-
In what ways may two or more corporations be said to be associated?
-
What are the main differences between partnerships and corporations?
-
Solve diagrams (a)-(c) for the unknowns R, S, and T, assuming a 10% interest rate. 150 100 LCO 100 100 100 (a) (b) 120 90 (c)
-
Most research indicates that good leaders exhibit these leadership skills / https://emeritus.org/blog/leadership-skills-for-managers/ Which of these skills, in your opinion, are the most difficult to...
-
Consider the following account balances (in thousands) for the Shaker Corporation In the Dec 31.2021 Cash $200,000 and Capital $2,000,000 and Retained earnings $1,500,000 The balances of raw...
-
Given: a = -7,b=-519, c = < 5,-1,9 >,d= 2j - 4k, e = < 4, -6, -3> F = 6 -[312].G=124 -91 2x1 Determine the following if possible and if not possible explain why not. i. a ii. |c| iii. |F| iv. V. F-1...
-
I have been identified and approached by leaders who saw my potential and asked me to apply for a position. I was humbled and honored to be identified and I accepted the invitation. It has led to...
-
the object is 2.0mm?there are two converging lens on the right side of the object?one is 9.9cm far away from the object and has a focal point 9.0cm?the other is 101.1cm far away from the first lens...
-
In a cable TV program concerning the risk of travel accidents, it was stated that the chance of a fatal airplane crash was 1 in 11 million. An explanation of this risk was that you could fly daily...
-
-x/2 x/4 If A = -x/2 and A-1 =6 then x equals
-
What procedures are necessary to implement a risk management plan?
-
What is an example of risk avoidance? When is this strategy most appropriate?
-
What is an example of risk retention? When is this strategy most appropriate?
-
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five - year period. His annual pay raises are determined by his division s...
-
Consider a 5 year debt with a 15% coupon rate paid semi-annually, redeemable at Php1,000 par. The bond is selling at 90%. The flotation cost is Php50 per bind. The firm's tax bracket is 30%.
-
A project will generate annual cash flows of $237,600 for each of the next three years, and a cash flow of $274,800 during the fourth year. The initial cost of the project is $749,600. What is the...
Study smarter with the SolutionInn App