Regulation Agency Advertising, Done Proper
A company, being a legal entity completely different from its members, can enter into contracts for the conduct of the enterprise in its own name. A shareholder cannot implement a contract made by his firm; he is neither a party to the contract nor be entitled to the profit derived from of it, as a company isn’t a trustee for its shareholders. A firm’s right to sue arises when some loss is brought on to the company, i.e. to the property or the personality of the company. Hence, the company is entitled to sue for damages in libel or slander because the case could also be [Floating Services Ltd. v. MV San Fransceco Dipaloa 52 SCL 762 ]. The shares are said to be a movable property and, subject to sure conditions, freely transferable, so that no shareholder is completely or necessarily wedded to an … Read More