Question: CLAW3501 Question 4 a. There is a strong relationship between partners and each other which is embedded in the partnership agreement stipulated by the Partnership


CLAW3501 Question 4 a. "There is a strong relationship between partners and each other which is embedded in the partnership agreement stipulated by the Partnership Act". Discuss? (20 marks) b. Outline five (5) duties of a partner in a partnership? (5 marks) (Total 25 marks) Questions 5 a. Define the concept Legal Personality. (5 marks) b. With the case of Salomon v. Salomon (1897) and Macaura v Northern Assurance Co, explain the concept of Corporate Persona otherwise known as Separate Legal Personality? (8 marks) C. With the case of Gilford Motor Company Ltd v Horne (1933) explains the term "lifting the corporate veil"? (8 marks) d. Outline two (2) situations whereby the court will "pierce the corporate veil"? (4 marks) (Total 25 marks)
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