MRL2601: Legal personality and lifting of the veil (MRL2601)
University of South Africa
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	MRL2601: Legal personality and lifting of the veil
- Exam (elaborations) • 71 pages • 2024
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MRL2601: Legal personality and lifting of the veil 
 
 
 
 
 
Study unit 1: Legal personality and lifting of the veil 
 
Once a company is incorporated and a certificate of incorporation is issued, it is a separate legal entity distinct from its members. It can enter into contracts in its own name and sue and be sued. Its members are not liable for its debts and enjoy limited liability. 
 
Separate legal personality: 
 
 
Salomon v Salomon & Co Ltd: 
 
 
•	The estate of the company is assesse...
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