Syllabus D3

Corporations And Legal Personality 3 / 4

a) Distinguish between sole traders, partnerships and companies.
b) Explain the meaning and effect of limited liability.
c) Analyse different types of companies, especially private and public companies.
d) Illustrate the effect of separate personality and the veil of incorporation.
e) Recognise instances where separate personality will be ignored (lifting the veil of incorporation.