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Topic 3

Topic 3

Frage 1 von 14

1

What is the key concern in cases after Salomon v Salomon?

Wähle eine der folgenden:

  • Whether companies have separate legal personality

  • Whether companies are duly incorporated

  • Whether the controlling member tries to evade personal liabilities

Erklärung

Frage 2 von 14

2

The corporate veil will be pierced if the parent company owns all shares in a subsidiary.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 3 von 14

1

In what context of consequences of a company's separate legal personality would you find Lee v Lee's Air Farming?

Wähle eine der folgenden:

  • Company owns its own property

  • Legal proceedings (company sues and is sued in its own name)

  • Separate focus for contract (company enter into contracts into its own account)

Erklärung

Frage 4 von 14

2

What is the outcome of Persad v Singh?

Wähle eine der folgenden:

  • Piercing the veil not accepted even when the owner tries to avoid personal liability.

  • Piercing the veil only if the owner tries to avoid personal liability.

  • Piercing the veil can be justified when a relationship of agency exists between the company and one of its controlling members.

Erklärung

Frage 5 von 14

1

A statutory provision can vary the general rule of separate legal personality (i.e. pierce the veil) in pursuit of other policy objectives.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 6 von 14

1

Under which of the following circumstances we won't consider a company is an agent of a controlling member and, thus, the court pierces the veil?

Wähle eine der folgenden:

  • If there are unusual circumstances raising a clear presumption that such agency relationship exists.

  • Where an express agency agreement is enforced.

  • Where there is a presumed resulting agency which is not rebutted.

Erklärung

Frage 7 von 14

1

For a member to directly accept liability as a guarantee he only needs to fill a legal form (under Statute of Fraus 1677 s.4), which must be written and signed by or on behalf of the guarantor.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 8 von 14

1

Why did the Court decide to pierce the veil in the Petrodel v Prest case?

Wähle eine der folgenden:

  • Unusual circumstances raising clear presumption of agency.

  • Prest directly accepted liability as a guarantee.

  • Presumed resulting trust which was not rebutted.

  • Unusual circumstances raising clear presumption of trust.

Erklärung

Frage 9 von 14

1

A parent company will never be jointly or vicariously liable for the torts attributable to its subsidiary.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 10 von 14

1

Which of the following does not apply to the narrow scope of the court's special power to pierce the veil?

Wähle eine der folgenden:

  • Combat fraud

  • Prevent abuse by the company

  • Penalize unconscionable behaviour

Erklärung

Frage 11 von 14

1

What principle can explain the outcomes of Gilford Motor v Horne; and Jones v Lipman?

Wähle eine der folgenden:

  • Evasion

  • Concealment

  • Resulting trust

Erklärung

Frage 12 von 14

1

The concealment principle involves piercing the veil.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 13 von 14

1

Fülle die Lücken, um den Text zu vervollständigen.

For a legal proceeding to be brought against an overseas company and its UK-based parent in UK courts there are 2 requirements: i) C establishes that there is an case against at least one UK-based party ( defendant); ii) C has been affected by the activities of its overseas subsidiary.

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Frage 14 von 14

1

What case seems to open the doors to accept guidelines from the parent company as a means of assuming responsibility over the subsidiary?

Wähle eine der folgenden:

  • AAA v Unilever

  • Okpabi v Royal Dutch Shell

  • Lungowe v Vedanta Resources plc

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