Benefits of incorporation to small private enterprises, the House of Lords in Salomon v Salomon & Co Ltd [1897]
By extending the benefits of incorporation to small private enterprises, the House of Lords in Salomon v Salomon & Co Ltd [1897] AC 22 has facilitated irresponsibility and the protection of particular groups, and it has left unsecured creditors in a precarious position.
1. Are you convinced by the above appraisal of the modern company?
2. To what extent do you think that the development of exceptions to the doctrine of separate legal personality has helped to address concerns of this nature?
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