What Was the Main Rule That Was Established in Salomon's

question 42

Multiple Choice

What was the main rule that was established in Salomon's Case (1897) ?

• A)A person who was the main shareholder and director of a company could also be an employee of the company.
• B)A company is separate from the person who controls it.
• C)A director who takes no part in the daily business of the company may be liable for debts if the company becomes insolvent.
• D)A person cannot escape liability by hiding behind the 'corporate veil'.

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Definitions:

Individual Access

The right or ability of a person to obtain or use information, resources, or facilities, often in the context of privacy or data protection.

Openness

A personality trait or organizational culture characterized by transparency, willingness to share ideas, and receptiveness to new information.

Employee Relations

The management of relationships between employers and employees, aiming to establish and maintain productive, engaging, and harmonious work environments.

Organizational Culture

The core beliefs and assumptions that are widely shared by all organizational members.