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Summary company law

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This is the complete a - z note on the company law topic, you just have to go through it once and you can easily attempt the question and get A ++ grade in finals this is a marked answer by a senior professor you just need to read it and you can even write the same just need to change it a bit ...

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  • February 28, 2023
  • 23
  • 2022/2023
  • Summary

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THE NATURE OF LEGAL
PERSONALITY

Chapter 3 of the Subject Guide

,INTRODUCTION

, INTRODUCTION


 Simply put, the company really exists as a separate legal personality.
There are three potential consequences of this:

i. Capable of suing and being sued in its own name;

ii. Holding property in its own name; and

iii. Making profits and losses that are its own and not those of its members.

 Members and shareholders are inter-changeable for most part; however,
‘members’ implies that not only do members provide Capital, but also
have rights and obligations to the company and to each other over the
life of the company.

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