... Saloman v Saloman & Co. where the father Mr.Saloman was distinguished as a separate legal entity from its shareholders, which in turn means Mr Saloman was deemed only to liable for himself, and its shareholder were all individually liable for themselves. Adams v Cape industries Plc3 confirmed the decision is saloman on application of the law in a group enterprise. Corporate personality refers to a person's rights and obligations they have in a company identified in the Companies Act 2006 which states the effect of registration. The property in a company does not belong to its member but to the company itself. This is illustrated in Macaura v Northern Assurance Company (1925), where Lord Sumner rejected the appeal and stated Macaura was not entitled to claim insurance on the companies' assets on the basis of not being a shareholder or a secure creditor. His relationship was only one with ...

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