Management and Organizational Studies 2276A/B Study Guide - Nova Scotia Supreme Court, Legal Personality, Oppression Remedy

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2276A/B
• Professor: Frederick King

Document Summary

Lockharts ltd. v. excalibur holding ltd. et al. , nova scotia supreme. Court transfer of property to avoid law suit. Baron transfers the land to excalibur (the other company) Lockhart sues baron but its of no value because baron has no assets after selling the house to excalibur. Lockhart then sues excalibur because they now have the assets the problem is that lockhart and excalibur didn"t have a contract. The court disregarded the defence of separate legal existence that would normally apply, because the corporation was being used for a fraudulent purpose transferred property so lockhart wouldn"t be able to sue since baron didn"t pay. Riverside fisheries ltd. et al. v. economical mutual insurance co. et al. , ontario supreme court fire set on own company, tried to claim insurance. Facts: property owned by riverside was destroyed by fire, the insurance company refused to compensate because the fire was clearly deliberately set by an arsonist. Supreme court of justice self interested contract.