Portfolio questions and activities. Choose any three questions:

1. Explain how a company comes into existence.

2. Discuss what is meant by ‘lifting the corporate veil’ and give an example.

3. Outline and explain the options for a company’s internal rules.

4. Discuss how and when a company can change its internal rules.

5. Discuss the ways in which a company can enter into a contract.

6. Discuss the statutory assumptions for outsiders when dealing with a company and why an understanding of the statutory assumptions are important (especially s 128(3)).

Cases:

* Salomon & Co [1897] AC22

* Lee v Lee’s Air Farming Ltd [1961] AC12

*Gilford Motors Co Ltd v Horne Ch [1933] 1 Ch 935