- 1 Marks
BL – May 2014 – L1 – SA – Q11 – Contract Law
Identifying when the court may lift the veil of incorporation.
Question
Under the common law, the veil of incorporation will NOT be lifted where the company:
A. Has been formed for fraudulent or illegal purposes
B. Operates as an agent of shareholders
C. Trades with alien enemies
D. Engages in acts that are detrimental to public interest
E. Engages in completely ultra vires activities
Find Related Questions by Tags, levels, etc.
- Tags: Corporate Liability, Illegal Purpose, Lifting the Veil
- Level: Level 1
- Topic: Contract Law
- Series: MAY 2014
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