“Once certificate of incorporation is issued it can’t be challenged before court of law.” This rule is laid down in
Question and options
“Once certificate of incorporation is issued it can’t be challenged before court of law.” This rule is laid down in
- Foss Vs. Harbottle
- Salomon Vs. Salomon & Co.
- Hopkinson Vs. Rolt
- Peel’s case
Answer and explanation
Correct answer: D - Peel’s case
In Peel's Case (1867) Lord Cairns held that the certificate of incorporation is a conclusive answer to any objection about the regularity of the steps taken before registration, so it cannot be questioned once issued. Foss v. Harbottle deals with the rule that the company itself must sue for a wrong done to it, and Salomon v. Salomon & Co. with the company's separate legal personality; neither, nor Hopkinson v. Rolt, laid down the rule on the certificate.
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