The case of Salomon v Salomon & Co Ltd (1896), Concepts of agency and the corporation
– Critically analyze the concepts of agency, and the corporation with specific reference to limited liability and legal personality.
– Please examine the case of Salomon v Salomon & Co Ltd [1896] in respect of limited liability and the corporation. Comment on this case and the main
rationale for the decision reached in this leading case. The agency is a problem connected to the case. Essentially, under an agency agreement the agent has
to carry out activities and represent the interests of the principal. This concept applied to a corporate context means that the directors (agents) must act in
the best interest of the company and the shareholders (principals).
– Law for accounting class so please answer in a business context
– Use desired sources but recommended to use MacIntyre’s Business Law (9th edition)
– Please use Harvard referencing system
– double spaced, arial font, 12 point font size, and use page numbers
– Please include a word count and a alphabetical order bibliography at the end
