Is salomon s case a calamitous decision?

Answer 1

Salomon's case is often viewed as a foundational decision in corporate law, establishing the principle of limited liability for shareholders. While some critics argue it can lead to irresponsible business practices by allowing owners to shield personal assets from corporate debts, its significance in promoting entrepreneurship and investment cannot be overlooked. Ultimately, whether it is deemed calamitous depends on one’s perspective on the balance between accountability and economic growth.