A Corporate Law Case
In this case, Mr.Lee held 2999 shares of Lee Air Farming Company Ltd and the remaining one share was held by his wife. He was the chief pilot of the company and died in an air crash. His wife claimed compensation from the company but the company refused to pay anything saying that there is no difference between the company and Mr.Lee but the court gave the decision that full compensation must be paid to Mrs.Lee by the because the company is a separate legal entity different from Mr.Lee. Moreover, Mr.Lee also insured under Workmen Compensation Act.
In this case, Mr.Lee held 2999 shares of Lee Air Farming Company Ltd and the remaining one share was held by his wife. He was the chief pilot of the company and died in an air crash. His wife claimed compensation from the company but the company refused to pay anything saying that there is no difference between the company and Mr.Lee but the court gave the decision that full compensation must be paid to Mrs.Lee by the because the company is a separate legal entity different from Mr.Lee. Moreover, Mr.Lee also insured under Workmen Compensation Act.
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