"Company has a separate legal entity "- justify this statement mentioning the significance of famous case of
Solomon v Salomon & Co Ltd [1896]
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Yes company has as separate legal entity
. It is created by law and is distinct from its members i.e separate from that of its members . for any debts, the creditors can sue the Company but the members cannot. A Company can own, enjoy, and dispose of a property in its own name.
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. It is created by law and is distinct from its members i.e separate from that of its members . for any debts, the creditors can sue the Company but the members cannot. A Company can own, enjoy, and dispose of a property in its own name.
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