• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

To what extent is the rule contained in the Salomon v. Salomon & Co. Ltd judgement open to abuse?

Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  • Essay length: 4715 words
  • Submitted: 19/06/2006
Share this essay:
University Degree Commercial Law

The first 200 words of this essay...

To what extent is the rule contained in the Salomon v. Salomon & Co. Ltd

judgement open to abuse?

The company as a separate legal personality from that of its members as defined by the Companies Act 1862 was established in common law by the House of Lords in 1879 when they delivered their judgement in the case of Salomon v. Salomon & Co. Ltd. Indeed, this case is now seminal, with both practitioners and students of the law referring to it as the foundation upon which modern company law is based. However, although the outcome of Salomon v Salomon & Co. Ltd is now firmly embedded that is not to say it has not been prone to the effects of the occasional tremor. Since this ruling and some might argue prior to this ruling by the House of Lords questions relating to the interpretation of the act and its scope have been hotly debated.

While some see this ruling as clearly interpreting the 1862 act at common law others contend that such an interpretation is too rigid and clearly open to abuse. It would be argued that a separate legal personality in conjunction with

Read more
The above preview is unformatted text

Found what you're looking for?

  • Start learning 29% faster today
  • Over 150,000 essays available
  • Just £6.99 a month

  • "
    Give credit where credit is due Markedbyteachers.com deserve it. Only Website that provides the best service with no doubt. Been using this website for the past 5 years now. Never let me down. Try it!!!
    "
    Waseem Hussain. Biology, Maths, Chemistry, ICT A Level Student.
  • "
    Great help! A Service that allows you to look at other peoples work, which can give you ideas on how to set things out and what to include in your own work.
    "
    Zoey. University Student.

Marked by a teacher

This essay has been marked by one of our great teachers. You can read the full teachers notes when you download the essay.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review on the essay page.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review under the essay preview on this page.