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The court held that while a human person can represent him or herself in court, a legal person such as a company can only be represented by a solicitor or barrister.
The principle in Salomon’s Case that a company is a legally different person from those who control it represents the current law in Ireland.
The company becomes a legal person in its own right, distinct from the This was seen in the famous case of Salomon v Salomon & Co Ltd (1897).
Separate personality means that the artificial legal person, the company, can do almost everything a human person can do; it can make contracts, employ people, borrow and pay money, sue and be sued, among other things.
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Some years later the company went into liquidation, and Mr Salomon claimed to be entitled to be paid first as a secured debenture holder.
The liquidator and the other creditors objected to this, claiming that it was unfair for the person who formed and ran the company to get paid first.
The ‘veil of incorporation’ is the rather poetic term given to this separation of the company from its shareholders or members.Tags: Adult Dating, affair dating, sex dating