Salomon v. Salomon was a case in Great Britain in 1897 that established the concept of the "corporate veil," according to McGill University. This case established the corporation as a different entity than the people within the corporation, specifically the shareholders. The case also created legal liability against the corporation instead of an individual person.Know More
Salomon v. Salomon involved the Salomon family, who owned the majority of shares in a leather company, according to The National Archives of the United Kingdom. After a strike, the business lost profits and went bankrupt. The value of the corporation at the time of insolvency was below the value of the debts. Creditors sued the individual shareholders for the rest of the funds. Even though the majority owner of the company was one family, the House of Lords held that a corporation is separate from the individuals. Only the corporation held the debt; the individual shareholders did not hold the debt. As part of a legal incorporation, the liability was more minimal than that of a partnership or sole proprietorship, according to Examination Preparation Services.
Though Salomon v. Salomon was a case in English common law, courts in other countries cite the case as part of corporate law, according to WIkipedia. Subsequent cases, however, limit the corporate veil and provide instances for lifting it.Learn more about Law
The legal doctrine of "respondeat superior" is a concept in tort law when a court system holds an employer legally responsible for the acts of an employee if negligence occurs within the scope of the employee's work, according to Cornell University's Legal Information Institute. A 2002 article in the Southern Medical Journal reveals that a health care provider may be held negligent, rather than a doctor, in some circumstances.Full Answer >
Copies of records with information relating to divorce, including the original petition, are usually provided to parties involved in the case. The lawyer who filed the case, the Public Access to Court Electronic Documents system and the court clerk's office where the divorce was filed are additional places to check.Full Answer >
Voluntary dismissal is the termination of a lawsuit due to a withdrawal from the case by the plaintiff, the person who initially filed the case. Voluntary dismissal occurs before the court where the plaintiff must formally withdraw the case he brought forth.Full Answer >
Common court abbreviations include case names, which always contain the publication in which they appear. These publications include regional reporters, such as the "Atlantic Reporter."Full Answer >