Plz slove case study 5 ,6 and seventh plz plz slove this case study in proer ways
Dear student,
Case study 6
1) The members/ shareholders enjoy limited liability.
2) The court's decision that members are not liable to repay debts is based on the concept that liability of owners (members ) is limited to amount of capital invested by them.
3) The court's didn't held shareholders liable to repay loan as company is separate legal entity, therefore members are different from company or members and company are not same entity.
4) Company is an artificial entity, it has separate legal entity and it enjoys perpetual succession are some factors which motivated promoters to go for a joint stock company.
Kindly do not pile up questions in single thread, for different questions use different thread,
Regards
Case study 6
1) The members/ shareholders enjoy limited liability.
2) The court's decision that members are not liable to repay debts is based on the concept that liability of owners (members ) is limited to amount of capital invested by them.
3) The court's didn't held shareholders liable to repay loan as company is separate legal entity, therefore members are different from company or members and company are not same entity.
4) Company is an artificial entity, it has separate legal entity and it enjoys perpetual succession are some factors which motivated promoters to go for a joint stock company.
Kindly do not pile up questions in single thread, for different questions use different thread,
Regards