DISREGARDING CORPORATE ENTITY
I. Definition of Corporation
Article 169 of the Commercial Code defines a corporation as a body created for purposes of commercial transactions for profits.
Article 171(1) of the Commercial Code provides for the corporate entity.
II. The Corporation as an "Artificial Entity"
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Piercing the corporate veil
Piercing the corporate veil
Introduction: A company is a form of business which is a separate legal entity (legal person). this legal entity separate and distinct from its shareholders, directors and employees. (Salomon v Salomon & Co Ltd [1897] AC 22) This is one of the basic dif....
Piercing the darkness
Piercing the darkness
Could you imagine an intense spiritual battle held right in front of you, and not even be aware of it? A brave strong angel with a mighty sword could be fighting a sulfur breathing demon fighting for your control, and you won't even have the slightest clue. That's how Frank Pe....
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