Company Law 1 - University of Wolverhampton

ER 391 (CA)Jones v Lipman [1962] 1 WLR 832; [1962] 1 All ER 442 (CA)Lee v Lee’s Air Farming [1961] AC 12Lennard’s Carrying Co v Asiatic Petroleum Co Ltd [1915] AC 705Lindholst & Co A/S v Fowler & Another (1988) 4 BCC 776Macaura v Northern Assurance Co Ltd [1925] AC 619Meridian Global Funds Management Asia Ltd v SecuritiesCommission [1995] BCC 942; [1995] 3 All ER 918; [1995] 3 WLR 413 (PC)Moore v I Bresler Ltd [1944] 2 All ER 515Multinational Gas and Petrochemical Co v Multinational Gas andPetrochemical Services Ltd [1983] Ch 258; [1983] 2 All ER 563 (CA)Ord v Belhaven Pubs Ltd [1998] BCC 607Penrose v Official Receiver [1996] BCC 311; [1996] 2 All ER 96Polly Peck International plc (No 3), Re [1996] BCC 486R v Andrews Weatherfoil Ltd [1972] 1 WLR 118; [1972] 1 All ER 65R v Gateway Foodmarkets Ltd [1997] 3 All ER 78R v ICR Haulage Ltd [1944] KB 551Salomon v Salomon & Co [1897] AC 22Seaboard Offshore Ltd v Secretary of State for Transport [1994] 2 All ER 99 (HL)Smith, Stone & Knight Ltd v Birmingham Corporation [1939] 4 All ER 116Supply of Ready Mixed Concrete (No 2), Re [1995] 1 AC 456Tesco Stores Ltd v Brent London Borough Council [1993] 1 WLR 1037Tesco Supermarkets Ltd v Nattrass [1972] AC 153; [1971] 2 All ER 127 (HL)Trustor AB v Smallbone [2001] 2 BCLC 436Williams and Another v Natural Life Health Foods Ltd [1998] BCC 428; [1998] 2 All ER 577 (HL)Yukong Line Ltd of Korea v Rendsburg Investments Corp of Liberia,The Rialto [1998] BCC 870; [1998] 4 All ER 82Business Names Act 1985Companies Act 1985: ss14, 22, 23, 24, 348, 349, 406, 458, 630 and 736Companies (Single Member Private Limited Companies) Regulations 1992Insolvency Act 1986: ss212–216Self-Study Questions1 What is the extent of liability of a member of (a) a company limited by shares; (b) a company limitedby guarantee; (c) an unlimited company;(d) an unincorporated association; (e) a partnership; (f) an unlimited partnership; and (g) a soletrader?2 Who has the right to take or defend legal proceedings in respect of acause of action relating to a company?3 Who owns a company’s assets:a the shareholders;b the directors;c the creditors;d the company itself?4 What is the effect of ss213 and 214 IA 1986? How and to what extentdo they cause a lifting of the corporate veil?5 What is the object of ss348 and 349 CA 1985?Sample Questions1 ‘The doctrine laid down in Salomon v Salomon & Co Ltd (1897) has to be watched carefully …The legislature has shown the way with group accounts and the rest. The courts should followsuit.’ (Per Lord Denning MR in Littlewoods Mail Order Stores Ltd v CIR.) Discuss.(Wolverhampton LLB by Distance Learning, January 2001, Question 2.)