solution

Which one of following cases best explains the concept of separate legal entity?
a) Salomon v Salomon
b) Gohlke Schneider v Westies minerals (pty) ltd
c) Ex parte Barron
d) Idc v Cooley.
2. Piercing the corporate veil does not mean?
a) Lifting the veil
b) Identifying negligent directors
c) Seeing inside company, to know who made the mistake
d) Making a complain about the company’s mistakes
3. Which one of the following is not a feature of a close company?
a) It acquires legal personality upon incorporation.
b) It enjoys perpetual succession.
c) Should the membership of close company change, an amended founding statement
must be lodged for registration.
d) Both natural and juristic persons can be members of a close company.
4. Which of the following is not true about separate legal personality?
a) The profits of the company belong to it and not the members
b) The assets of the company exclusively belong to the company
c) No one is qualified to act on behalf of the company
d) The estate of the company is assessed together with that