Over a century ago the English Courts established the basic principle of separate corporate personality when it said that “the corporation has a separate existence from the shareholder” per Vaughan Williams J in Salomon v Salomon. A distinct legal personality can “own and deal with property, sue and be sued in its own name and contract on its own behalf. ”...Read on at http://www.infodailies.com/general-o...on-in-nigeria/
