Question: Salomon v Salomon was wrongly decided. Its implications have allowed corporations to defraud innocent customers and suppliers, and it has facilitated the creation of sham

‘Salomon v Salomon was wrongly decided. Its implications have allowed corporations to defraud innocent customers and suppliers, and it has facilitated the creation of sham companies with the protection afforded by the veil of incorporation. Corporations should not possess a legal personality distinct from those who subscribe to it.

Critically assess the above statement.

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