Theories of Corporate Character Essay

Ideas of Business Personality


5th Semester PURSE LL. W (B)

University of Rules

Christ University



* Research Methodology

5. Introduction

5. The Common Legislation Perspectives

5. Fiction Theory

* Obole Theory

5. The Purpose Theory

* Group Theory

* Realist Theory

* So why Corporations?

2. Corporate Character And Limited Liability


* Macaura v. Upper Assurance Co.

* Lee v. Lee's Air Farming

* Salomon v. Salomon & Co.


I Manas Agarwal of B. A. LL. B (Hons. ) is very grateful to Ms. Fincy V, with out whose support and firm this project would not had been possible. I actually am likewise grateful towards the National Legislation School India University (N. L. S i9000. I. U) Library personnel and the Understanding Centre, Christ University personnel, whose co-operation is remarkable. I think this type of assignments result in the overall progress the students and I am looking forward to take up such assignments in future.



This exploration paper essentially seeks to examine and criticise the different ideas of business personality taking into consideration the jurisprudential clashes.


* The main objective of the research is to analyze and criticise the different theories of corporate and business personality plus the concepts below it. 2. Another goal of our research is to find issues between the various theories depending upon various judgments.


* Precisely what is the difference among various theories of corporate and business personalities. 5. The meaning and limits of the corporate personality.


This project has the basis around the following ways of analysis: -- DESCRIPTIVE: -

The initially task is usually to comprehensively analyze and critize the jurisprudential theories of corporate people. ANALYTICAL: -

Further these concepts and observations could be analyzed. The valuable relief of knowing that is gained from learning the commentaries must be used to know the development of the theories and the regulation itself with regards to some cases. • MODE OF CITATION: --

The researcher(s) has used a uniform mode of quotation in this paper.


There is certainly an interesting discord between philosophic theories regarding the nature of corporate personality and the insurgent demand of economic causes for a further more recognition of the people form of enterprise which seem to be so necessary to modern life. The grant of legal character is plainly within the gift of the point out, for it may be refused to natural individuals. In the case of organic person, yet , it is very clear that law grants legal personality into a physical organization existing in space and possessing what (for insufficient better term) we describe as human persona. While philosophy may find difficulty in analyzing or perhaps describing the actual nature of human character, few of all of us doubt that individuals exist, and compensate for the defective examination by an intuitive knowledge of our own character which, nevertheless inadequate it can be, at least gives a substratum on which to develop. As far as legal personality is involved, there is no very significant difference among that approved to humans and that to non-human beings such as groupings or various other entity. The decision of Property of Lords in Salomon v A Salomon & Co. Limited had a long lasting influence in corporation legislation. It is often acknowledged with the theory of distinct legal business of the organization distinct through the members.

Although there is no doubt the fact that Salomon case had perform a significant function in firm law, your decision in this case was hardly the foundation of the separate legal business principle. The legal organization of creatures other than your has long been known prior to 1897, in which the Salomon case was decided. The jurisprudence theories on juristic person was established because the early Both roman law to justify the presence of legal person other than the human. The State, religious...

Bibliography: [ a couple of ]. Stokes, M. " Company Law and Legal Theory" in Twining, T. (ed). Legal Theory and the Common Legislation. Basil Blackwell, Oxford, 1986, 155, 162.

[ 5 ]. Mark, G. Op. cit. 1472.

[ 6th ]. voir. Mills v Mills (1938) 60 CLR 150

[ several ]

[ 8 ]. Dan-Cohen, Meters. Rights, Folks, and Organizations. University of California Press, Berkeley, 1986, 5.

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