Company Law 2

Where did the principle of separate corporate personality originate?

• Companies Act 1963

• Companies Act 2014

• Saloman v. A Saloman & Co. Ltd

• All of the above

What type of business did Mr. Saloman run?

What type of borrowing mechanism meant that Mr. Saloman got preferential treatment when A Soloman & Company Ltd was wound up? ​ (a)  

• Lease

• Mortgage

• IOU

• Debenture
• Shares
• Guarantee
• Licence
• Fraud

What does it mean when a court pierces the corporate veil?

• Liability can attach to members

• The court disregards the Saloman principle

• Liability can attach to directors

• The company will no longer be seen as a separate legal entity

Who was the Plaintiff in Lee v. Lee's Air Farming Ltd?

(a)  

• Mr. Lee's Widow
• Lee's Air Farming Ltd
• The plaintiff
• Department of Social Protection
• The Government

Match the provisions under the Companies Act 2014.

• Defence for failing to keep records

• Section 168

• How to incorporate an Ltd. Company

• Section 17

• A company must keep adequate accounting

• Section 609

• Defines a 'member' of a company

• Section 281

• A company must use its proper name

• Section 47

What is the correct legal citation for Mehigan v. Duignan?

• [1998] 2 IR 345

• [1996] IEHC 18

• [1999] 2 IR 593,

• [1997] 1 IR 340

In Jones v. Lipman (1962) 1 All ER 442, what remedy did the Plaintiff seek?

The decision of the court in Roundabout Limited v. ​ (a)   [1959] IR 423 likely ​ (b)   ​be followed today.

• Yes

• No

• Maybe

• What are you talking about?

• Beirne
• would not
• would
• Byrne

What does section 283 of the Companies Act 2014 state?

• There are exceptions to the Saloman principle

• A company must prevent fraudulent activity

• A company cannot be incorporated for an illegal purpose

• A companies accounting records must be kept in its registered office