Legal Personality – NBC Institute

BL – Nov 2011 – L1 – SB – Q4 – Company Law

Understanding the principles of the Salomon vs Salomon & Co Ltd case, circumstances for lifting the veil of incorporation, and statutory terms of partnership agreements

Question

(a) Explain the legal principle(s) established in the case of Salomon vs Salomon Co. Ltd. (1897). (2 Marks)

(b) State FOUR circumstances when the veil of incorporation of a company may be lifted under statute. (4 Marks)

(d) State FIVE statutory terms of a Partnership Agreement as contained in Sections 24 and 25 of the Partnership Act 1890. (5 Marks)

Answer

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Tags: Company Law, Legal Personality, Lifting the Veil, Partnership Agreement
Level: Level 1

Topic: Company Law
Series: NOV 2011

BCL – May 2017 – L1 – Q6b – Company Law

Explain the concept of legal personality of a company in a scenario of ownership disputes among friends.

Question

b) Three friends pooled their resources to form a company. After some time and while the company was running, differences arose among them. Each claimed ownership of the company.

Required: Explain the concept of legal personality of a Company in the light of the above facts. (7 marks)

Answer

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Tags: Company Law, Dispute Resolution, Legal Personality, Ownership
Level: Level 1

Topic: Contract Law
Series: MAY 2017

BCL – May 2018 – L1 – Q5c – Alternative Forms and Constitutions of Business Organizations

State four advantages of registering a company.

Question

c) State FOUR advantages of registration of a company. (6 marks)

Answer

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Tags: Business Advantages, Company Registration, Legal Personality
Level: Level 1

Topic: Alternative forms and constitutions of business organisations
Series: MAY 2018

BCL – May 2018 – L1 – Q5b – Types of Capital and the Financing of Companies

Explain whether members can claim ownership in an incorporated company.

Question

Explain whether any of them can claim ownership of the company. (6 marks)

Answer

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Tags: Incorporated Company, Legal Personality, Ownership
Level: Level 1

Topic: Types of capital and the financing of companies
Series: MAY 2018

BL – Nov 2011 – L1 – SB – Q4 – Company Law

Understanding the principles of the Salomon vs Salomon & Co Ltd case, circumstances for lifting the veil of incorporation, and statutory terms of partnership agreements

Question

(a) Explain the legal principle(s) established in the case of Salomon vs Salomon Co. Ltd. (1897). (2 Marks)

(b) State FOUR circumstances when the veil of incorporation of a company may be lifted under statute. (4 Marks)

(d) State FIVE statutory terms of a Partnership Agreement as contained in Sections 24 and 25 of the Partnership Act 1890. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Legal Personality, Lifting the Veil, Partnership Agreement
Level: Level 1

Topic: Company Law
Series: NOV 2011

BCL – May 2017 – L1 – Q6b – Company Law

Explain the concept of legal personality of a company in a scenario of ownership disputes among friends.

Question

b) Three friends pooled their resources to form a company. After some time and while the company was running, differences arose among them. Each claimed ownership of the company.

Required: Explain the concept of legal personality of a Company in the light of the above facts. (7 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Dispute Resolution, Legal Personality, Ownership
Level: Level 1

Topic: Contract Law
Series: MAY 2017

BCL – May 2018 – L1 – Q5c – Alternative Forms and Constitutions of Business Organizations

State four advantages of registering a company.

Question

c) State FOUR advantages of registration of a company. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Advantages, Company Registration, Legal Personality
Level: Level 1

Topic: Alternative forms and constitutions of business organisations
Series: MAY 2018

BCL – May 2018 – L1 – Q5b – Types of Capital and the Financing of Companies

Explain whether members can claim ownership in an incorporated company.

Question

Explain whether any of them can claim ownership of the company. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Incorporated Company, Legal Personality, Ownership
Level: Level 1

Topic: Types of capital and the financing of companies
Series: MAY 2018

Question Tag: Legal Personality

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BL – Nov 2011 – L1 – SB – Q4 – Company Law

Understanding the principles of the Salomon vs Salomon & Co Ltd case, circumstances for lifting the veil of incorporation, and statutory terms of partnership agreements

BCL – May 2017 – L1 – Q6b – Company Law

Explain the concept of legal personality of a company in a scenario of ownership disputes among friends.

BCL – May 2018 – L1 – Q5c – Alternative Forms and Constitutions of Business Organizations

State four advantages of registering a company.

BCL – May 2018 – L1 – Q5b – Types of Capital and the Financing of Companies

Explain whether members can claim ownership in an incorporated company.

BL – Nov 2011 – L1 – SB – Q4 – Company Law

Understanding the principles of the Salomon vs Salomon & Co Ltd case, circumstances for lifting the veil of incorporation, and statutory terms of partnership agreements

BCL – May 2017 – L1 – Q6b – Company Law

Explain the concept of legal personality of a company in a scenario of ownership disputes among friends.

BCL – May 2018 – L1 – Q5c – Alternative Forms and Constitutions of Business Organizations

State four advantages of registering a company.

BCL – May 2018 – L1 – Q5b – Types of Capital and the Financing of Companies

Explain whether members can claim ownership in an incorporated company.

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BL – Nov 2011 – L1 – SB – Q4 – Company Law

Understanding the principles of the Salomon vs Salomon & Co Ltd case, circumstances for lifting the veil of incorporation, and statutory terms of partnership agreements

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BCL – May 2017 – L1 – Q6b – Company Law

Explain the concept of legal personality of a company in a scenario of ownership disputes among friends.

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BCL – May 2018 – L1 – Q5c – Alternative Forms and Constitutions of Business Organizations

State four advantages of registering a company.

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BCL – May 2018 – L1 – Q5b – Types of Capital and the Financing of Companies

Explain whether members can claim ownership in an incorporated company.

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BL – Nov 2011 – L1 – SB – Q4 – Company Law

Understanding the principles of the Salomon vs Salomon & Co Ltd case, circumstances for lifting the veil of incorporation, and statutory terms of partnership agreements

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BCL – May 2017 – L1 – Q6b – Company Law

Explain the concept of legal personality of a company in a scenario of ownership disputes among friends.

You're reporting an error for "BCL – May 2017 – L1 – Q6b – Company Law"

BCL – May 2018 – L1 – Q5c – Alternative Forms and Constitutions of Business Organizations

State four advantages of registering a company.

You're reporting an error for "BCL – May 2018 – L1 – Q5c – Alternative Forms and Constitutions of Business Organizations"

BCL – May 2018 – L1 – Q5b – Types of Capital and the Financing of Companies

Explain whether members can claim ownership in an incorporated company.

You're reporting an error for "BCL – May 2018 – L1 – Q5b – Types of Capital and the Financing of Companies"

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