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18 Cards in this Set
- Front
- Back
- 3rd side (hint)
Salomon v Salomon (High Court decision) |
Against Salomon: signatories were mere puppets |
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Salomon v Salomon (Court of Appeal) |
Against: Abused privileges of incorporation |
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Salomon v Salomon (House of Lords) |
In favour of Salomon: Nothing that states shareholders must be independent of majority shareholders |
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Macaura v Northern Insurance |
Forgot to change insurance into company's name when went public |
I went forgot to change the insurance into my name when I flew North to Macau |
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Lee v Lee's Air Farming |
Wife sued for death of husband. Can only claim as |
Husband got killed by plane at the Airfarm |
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Goh Hooi Yin case |
Salomon v Salomon is applied in Malaysia in Goh Hooi Yin |
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Gilford Motor v Home (What exception to Salomon v Salomon and facts?) |
Exception: Fraud. H was a salesman at GM. He left and was not allowed to sell to GM's customers for some time. H set up company and sold to GM's customers claiming it wasn't him but his company. HELD: Court granted injunction |
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Jones v Lipman (What exception to Salomon v Salomon and facts?) |
L agreed to sell a land to J. But later L transferred the land to his company to keep it out of reach from purchasers. HELD: Specific performance against Lipman |
Lipman is a sweet talker. Sweet talked Aunty Jones into buying land but later hid it |
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What did Gopal Sri Ram say in Permanent Sdn Bhd case? |
"company is separate from shareholders" "Courts can pierce veil if it is a facade concealing facts" |
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Smith, Stone & Knight case (What exception to Salomon v Salomon and facts?) |
Exception: Agency. SSK owned land. A subsidiary operated on that land. BC issued compulsory purchase order and said the subsidiary cannot claim compensation. HELD: Can claim because subsidiary is an agent |
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Creasey v Breachwood Motors case (What exception to Salomon v Salomon and facts?) |
C was an employee and was fired. Claimed compensation but unable to because employer transferred all assets to new company. HELD: C can transfer claim to new company |
I got fired for creases on my shirt when I come for work and tried to claim |
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Ord v Belhaven Pubs Limited (What exception to Salomon v Salomon and facts?) |
Exception: Group of companies. P sued D but knew D had no money to pay. So it substituted D with another company. HELD: Cannot substitute |
An ordinary man that can use substitute jutsu into a pup |
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Asparta v Bank Bumiputra Malaysia (What exception to Salomon v Salomon and facts?) |
Exception: Group of Companies. Courts lifted veil because fraud occurred in very structure of company |
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Double acres Sdn Bhd |
Courts lift veil too easily |
Double kill. Too easy |
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DNH Food distributors case (What exception to Salomon v Salomon and facts?) |
Exception: Single economic unit. Subsidiary but able to claim because single economic unit |
DNH similar to Smith, Stone & Knight (SSK) but single economic unit |
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Woolfson case |
Not same economic unit cannot claim |
A wolf and a son are not the same |
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Adams v Cape Industries |
A sued CI for asbestos dust. Unsuccessful because not same economic unit. |
Adam escaped from punishment using a Cape and left a trail of asbestos dust. |
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Williams v Natural Life Health Food (What exception to Solomon v Salomon and facts?) |
Exception: Tortious claim. Director personally liable for negligent misstatement if there was reasonable reliance by claimant to create special relationship |
Prince Williams made a tortious claim that the Natural Life Health Food is healthy |