Module 9 - Companies & Legal Personality

Question 1

Salomon V A Salomon & co.

Answer 1

Sells company to self

Owner does not equal business
Debenture priority over unsecured debts

Question 2

Lee V Lee’s Air Farming

Answer 2

Killed whilst working

He is both worker and employer

Question 3

Macaura V Northern Assurance Company

Answer 3

Timber burned in fire

Insured in owners named but owned by company

Question 4

Prest V Petrodel Resources

Answer 4

Offshore residences owned by company during divorce bu used to hide from wife

Lifting the veil to prevent husband evading legal obligations

Question 5

Gilford Motor Co. V Home

Answer 5

Form company

Breaking restrictive covenant under guise of company

Question 6

Jones V Lipman

Answer 6

Transfer house to company to aboid legal obligations

Question 7

Daimler co. V Continental Tyres & Rubber

Answer 7

Enemy aliens attempting to buy company during war - lift veil on owners

Question 8

Adams V Cape

Answer 8

Number of Usa and uk subsidiaries

One legal unit vs seperate legal identity