By Chris Shepherd, Ann Ridley
Key evidence Key situations corporation Law will make sure you grab the most innovations of your organization legislations module very easily. This booklet explains the evidence and linked case legislation for:
- Capital Maintenance
- Failure and Liquidation
Ann Ridley is intervening time Dean, enterprise and administration, Accounting and legislations on the collage of Gloucestershire.
Chris Shepherd is Lecturer in legislation at London South financial institution University.
Key evidence Key circumstances is the fundamental sequence for a person learning legislations at LLB, postgraduate and conversion classes. The sequence presents the best and foremost approach to take in and keep all the fabric crucial for passing your checks. each one bankruptcy includes:
- diagrams at the beginning of chapters to summarise key points
- structured headings and numbered issues to permit for transparent remember of the fundamental points
- charts and tables to collapse extra advanced information
Chapters also are supported by means of a Key Cases part which gives the best and preferable technique to take up and memorise crucial situations wanted for examination success.
- Essential and best circumstances are explained
- The variety, structure and factors are consumer pleasant
- Cases are damaged down into key parts via use of a transparent process of symbols for speedy and simple visible recognition
Series editors: Jacqueline Martin and Chris Turner LLM, who's Senior Lecturer in legislations at Wolverhampton college.
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Extra info for Company Law
Key Link A claim for damages could be made instead: Re Leeds and Hanley Theatres of Varieties Ltd  2 Ch 809. 4 e Leeds and Hanley Theatres of Varieties R Ltd  2 Ch 809 CA Key Facts The promoters purchased two music halls for £24,000 which they later sold to the company for £75,000. A prospectus invitÂ�ing the public to purchase shares in the company did not disclose this profit or that they were the vendors. The company went into liquidÂ�aÂ�tion and the liquidÂ�ator brought this action to recover their profit.
In other words, a company enjoys ‘perpetual succesÂ�sion’. 6 The members can delegÂ�ate manageÂ�ment to directÂ�ors. 3 The Salomon prinÂ�ciple 1 The prinÂ�ciple of separÂ�ate legal personÂ�alÂ�ity is a powerÂ�ful device, allowÂ�ing incorporÂ�atÂ�ors to manage commerÂ�cial risk, but in certain situÂ�ations it can be used unfairly or fraudÂ�uÂ�lently. 2 The concept of separÂ�ate personÂ�alÂ�ity also extends to groups of companÂ�ies, with each subsiÂ�diÂ�ary in a group having a separÂ�ate idenÂ�tity.
2â•‡ When are directÂ�ors liable in tort? indb 30 If a director, acting for a company, causes the company to commit a tort it is the company not the director who becomes liable. However, if a director is acting in a personal capaÂ�city or assumes personal responsÂ�ibÂ� ilÂ�ity he or she will be liable for the tort. Difficult quesÂ�tions arise as it is not always easy to estabÂ�lish whether the director has acted in a personal capaÂ�city and each case depends on its own facts: see Fairline Shipping Corporation v Adamson (1975); Mancetter Developments Ltd v Garmanson Ltd (1986); Williams v Natural Health Foods Ltd (1990) and MCA Records Inc v Charly Records Ltd (2003).
Company Law by Chris Shepherd, Ann Ridley