The theory of lifting the veil of corporate personality was evolved in
The doctrine permitting courts to lift the corporate veil developed against the backdrop of Salomon v. Salomon, which first firmly established a company's separate legal…
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The theory of lifting the veil of corporate personality was evolved in
Answer and explanation
Correct answer B
The doctrine permitting courts to lift the corporate veil developed against the backdrop of Salomon v. Salomon, which first firmly established a company's separate legal personality distinct from its shareholders, making later departures from that principle the exceptions known as veil-lifting.
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