The property of the company CFI Technologies Private Ltd. is not the property of its shareholders. It is the property of the company. Which landmark case stated this concept ?

CS CSEET · Business Laws and Management · PYQS · June 2026
The property of the company CFI Technologies Private Ltd. is not the property of its shareholders. It is the property of the company. Which landmark case stated this concept ?
(A) Connors Bros. v Connors (1940)
(B) Gilford Motor Co. v Horne (1933)
(C) Gramophone & Typewriter Co. v Stanley (1906)
(D) Salomon v Salomon (1897)

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) Gramophone & Typewriter Co. v Stanley (1906).

Topics: Company Law

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