Discuss “Companies are said to be an artificial legal person.”
“Companies are said to be an artificial legal person.”
Your answer must include a discussion of the following:
• Discuss the legal basis of the statement
• Explain the Salomon v A Salomon And Co Ltd [1897] AC 22 case. How is this
case incorporated in the Corporations Act 2001 (Cth)?
• The future of company law (e.g. do think this view will change?)
• Whether you think changes are necessary in the current law
Answer preview:
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