just because it helps
salomon v salomon
whether Mr Salomon liable for the debt of the company
Aron Salomon was fool. He is now a pauper and deserves to be one it is a company law
Aron Salomon was fool. He is now a pauper and deserves to be one it is a company law
In the case of Salomon v. Salomon & Co. Ltd., the House of Lords held that Mr. Broderip should not be paid on the debenture he had purchased from Mr. Salomon. The decision was unanimous among the judges, with all five Law Lords agreeing that the company was a separate legal entity and that the debenture was void. Therefore, Mr. Broderip's claim was dismissed.
The Court of Appeal that decided Salomon v. Salomon & Co. Ltd. in 1897 comprised three judges: Lord Justice Lindley, Lord Justice A.L. Smith, and Lord Justice Davey. The case is significant for establishing the principle of separate legal personality for corporations, affirming that a company is distinct from its shareholders.
All except two of them
The decision in Salomon v. A. Salomon & Co. Ltd. (1897) established the principle of corporate personality, affirming that a company is a separate legal entity distinct from its shareholders. This ruling means that shareholders are generally not personally liable for the debts of the company beyond their investment. The case underscored the importance of limited liability, encouraging investment and entrepreneurship by protecting personal assets from business risks. It set a foundational precedent for company law, shaping how corporations operate and are treated under the law.
Danny Salomon's birth name is Daniel Salomon.
Doc Salomon's birth name is Amande Max Salomon.
Rick Salomon's birth name is Richard Allan Salomon.
Salomon Kroonenberg's birth name is Salomon Bernard Kroonenberg.