Chapter 4 Self-test questions

Quiz Content

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. Which one of the following statements is false?

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. Identify which of the following statements are true.

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. What is corporate personality?

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. Which one of the following is not a consequence of corporate personality?

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. Regarding a company's corporate personality, identify which of the following statements are false.

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. Which one of the following cases is regarded as the leading case on the piercing of the corporate veil?

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. The comments of the Justices regarding corporate personality in Petrodel Resources Ltd v Prest were only obiter.

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. In Petrodel Resources Ltd v Prest, Lord Sumption stated that there is only one instance in which the courts can pierce the veil. What is this one instance?

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. In order for the evasion principle in Prest to apply and liability to be placed on a person (X), three conditions will need to be satisfied. Which one of the following is not one of these conditions?

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. In Chandler v Cape plc, did the Court of Appeal pierce the corporate veil?

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