Discuss
Course Name: keep company law
Course Code:LAW 3002
The given statement of the paradox for which this paper is based, primarily requires an analysis of the sacrosanct doctrine of separate healthy personality as it relates to companies and company law; but to attempt an undertaking of this doctrine other terms stated inside the problem statement must freshman be beautiful both for the sake of the reader(s) of this paper as well as for the writer. Such terms includes firstly, the piercing of the corporate veil and of seam the meaning of the terms criminal and civil liability.
Taking a look at the latter terms, I must first posit a definition for the term Liability in its general sense and that of the legal company; Liability harmonise to the Free Online Dictionary (http://www.thefreedictionary .
com) refers generally to “the state of organism legally responsible” , in a similar sense, referring to the legal incorporated company liability would by extent refer to the make believe of a limited or unlimited company being held legally responsible for acts carried out under their operations. The fact that Companies argon identified as either Limited Liability companies or Companies with unlimited Liability it is clear that similar to us mankind incurring liabilities a company may also tolerate the same; Mangal 1995 substantiates this in his book An Introduction to Company Law in the Commonwealth Caribbean and states that A registered company being a legal person under the law may incur liabilities the like any other person.
The Piercing of the Corporate Veil is a corporate law concept which describes a legal determination where a shareholder of a corporation is held personally reasonable for the debts and/or liabilities of the organization...If you want to get a full essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment