Cases

Question 1

Lifting can be done under two ways?

Answer 1

under common law , under statute

Question 2

under common law we have fraud

Answer 2

jones v lipman

Question 3

mere facade or as an instrument of agency

Answer 3

Re R.G Films

Question 4

contrary to public interest or in the interest of justice

Answer 4

Dailmer Co Ltd v Continental Tyre & Rubber

Question 5

Group enterprises or the single economic Unit Argument

Answer 5

Subsidiary and holding Company are regarded as one

Question 6

minor can be member

Answer 6

unless co prohibits
voidable at age
Steinberg v Scala

Question 7

Bankrupt

Answer 7

Morgan v Gray

Question 8

Director - Agent relationship

Answer 8

Ferguson v Wilson

Question 9

Director - trustee

Answer 9

Re Land Allotment

Question 10

director - fiduciary duty

Answer 10

Re Chez Nico

Question 11

separate and distinct entity

Answer 11

Salomon v Salomon & Sons Co

Question 12

Term promoter being one business

Answer 12

Whaley Bridge Callico Printing v Green

Question 13

Promoter - fiduciary relationship

Answer 13

Erlanger v New Sombrero Phosphate
E bought island of Sombrero for 55000
E then established New Sombrero and sold the island for 110000

Question 14

Promoter should disclose profits

Answer 14

Gluck stein v Barnes

Question 15

Company cannot be liable for Pre- incorporation contracts

Answer 15

Kelner v Baxter

Question 16

enforce promoter who signed

Answer 16

Newborne v Sensolid

Question 17

date of incorporation indicated is deemed even if it was a mistake

Answer 17

Jubilee Cotton Mills v Lewis

Question 18

ultra vires

Answer 18

Ashbury Railway Carriage v Riche

make, sell, lend all kinds of Railway machinery and fittings, constructed a railway

Question 19

CR1 be accompanied with statement of initial shareholding

Answer 19

ooregum gold mining co of India v Roper

Question 20

object clause

Answer 20

Cotman v Brougham

Question 21

minority and majority

Answer 21

Foss v Harbottle
proper plaintiff principle
majority principle