Preview

trevor v whitworth [1887] case

Satisfactory Essays
Open Document
Open Document
715 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
trevor v whitworth [1887] case
trevor v whitworth [1887] case i need to get this case , what is the case is in about the face and the courts decision
Chung Khiaw Bank Ltd. v. Hotel Rasa Sayang Sdn. Bhd. & Anor[1990] 1 MLJ 356.
The appellants extended loans to the respondents and the loan was secured by documents and guarantees. The documents evidencing the loans showed that the hotel whose shares were being purchased by a company had given financial assistance to that company. This act contravened Section 67 of the Companies Act 1965.
The Court held that: The transactions were tainted with illegalit
Chung Khiaw Bank Ltd. v. Hotel Rasa Sayang Sdn. Bhd. & Anor[1990] 1 MLJ 356.
The appellants extended loans to the respondents and the loan was secured by documents and guarantees. The documents evidencing the loans showed that the hotel whose shares were being purchased by a company had given financial assistance to that company. This act contravened Section 67 of the Companies Act 1965.
The Court held that: The transactions were tainted with illegalitChung Khiaw Bank Ltd. v. Hotel Rasa Sayang Sdn. Bhd. & Anor[1990] 1 MLJ 356.
The appellants extended loans to the respondents and the loan was secured by documents and guarantees. The documents evidencing the loans showed that the hotel whose shares were being purchased by a company had given financial assistance to that company. This act contravened Section 67 of the Companies Act 1965.
The Court held that: The transactions were tainted with illegalitChung Khiaw Bank Ltd. v. Hotel Rasa Sayang Sdn. Bhd. & Anor[1990] 1 MLJ 356.
The appellants extended loans to the respondents and the loan was secured by documents and guarantees. The documents evidencing the loans showed that the hotel whose shares were being purchased by a company had given financial assistance to that company. This act contravened Section 67 of the Companies Act 1965.
The Court held that: The transactions were tainted with illegalitChung Khiaw Bank Ltd. v. Hotel Rasa Sayang

You May Also Find These Documents Helpful

  • Satisfactory Essays

    F. The appellants argued this substantial award created an impermissible financial interest on the board's part in the outcome of this case.…

    • 385 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Tax Research Memo

    • 529 Words
    • 3 Pages

    You, Peter Sleiman, entered into a lease agreement with Blockbuster Video, Inc. Your lease stipulated that you purchase land, build a video rental store, and lease it to Blockbuster. You then set up an S Corporation, REE, Inc. and assigned the lease to REE. REE then obtained bank loans of approximately $1 million by pledging the property the S Corporation had purchased as collateral. Mr. Sleiman, you personally guaranteed the loans, however the bank did not contact you for repayment.…

    • 529 Words
    • 3 Pages
    Good Essays
  • Good Essays

    FACTS: The company, M. Caratan, Inc,had a policy, established by the taxpayers in their capacity as corporate officers and directors, that required supervisory and management personnel to reside on the farm. Company-owned lodging, strategically located on the farmland, was supplied free of charge for this purpose. The Tax Court conclude that the fair market rental value of company-owned lodging furnished to the taxpayers without charge during the taxable years 1962, 1963 and 1964 was not excludable from taxpayers' gross income under Section 119(2) of the Internal Revenue Code of 1954 (26 U.S.C. § 119(2)).…

    • 512 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Case Study 5.1

    • 663 Words
    • 3 Pages

    Description: Smith is the Chairman of Cardillo Travel Agency, he just involved into a case that whether to sign the affidavit with United Airlines. Because he inspected that there is something wrong with the affidavit concerning Cardillo’s stockholders’ equity, so that he refused to sign affidavit. Just for this reason, he was kicked out from his position. Moreover, the other two of his executives Rognlien and Lawrence, just approved the $203,000 adjusting entry recorded link to Airlines-Cardillo transaction. Afterward, Helen Shepherd, an auditor of Touch Ross, found the mistake that the money cannot be recorded for the payment to Cardillo was refundable under certain conditions and thus not immediately as revenue, so she questioned Rognlien and Lawrence, but they still insisted the entry of the money has been properly recorded. And one year later, R and L just dismissed the Touch Ross accounting firm and hire KMG as their public accounting firm. After the turnover of KMG, they just founded this matter too, and resigned as the independent audit firm.…

    • 663 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Case brief

    • 593 Words
    • 2 Pages

    Issues: 1) Whether the district court erred in concluding that hay is not a “product “for purposes of a strict liability in tort cause of action. 2) Whether the District Court erred in concluding that the Rothings negligence claim against Kallestad fails because it was unforeseeable that the hay could cause injury and death to the Rothings’ horses, thus no duty of care existed. 3) Whether the District Court erred in concluding that the Rothings’ breach of contract claim against Kallestad fails because it was unforeseeable that the hay could cause injury and death to the Rothings’ horses. 4) Whether the District Court erred in imposing discovery sanctions against the Rothings. 5) Whether the District Court erred in awarding attorney’s fees to Kallestad and denying the Rothings a hearing in respect to the calculation of attorney’s fees. (₱3-7)…

    • 593 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    provisions in Part 2M.3 of the Act. In the context of this book parent and subsidiaries are typically…

    • 1775 Words
    • 8 Pages
    Better Essays
  • Good Essays

    You have expressed to us your interest in recovering compensation for a failed entrepreneurial endeavor involving a hotel property, Hotel California. You also informed us that your acquisition of this property was dependent upon your securing financing through pledging a property you currently own as collateral. In a brief analysis of the facts of your case, we find you may successfully prove liability on the part of National Bank; however, this conclusion is not without concerns, particularly regarding your contract with the owner of Hotel California. This concern and other considerations for your case are also discussed in this correspondence.…

    • 5253 Words
    • 22 Pages
    Good Essays
  • Good Essays

    [67]In light of the unfair, prejudicial and oppressive conduct of the Respondents, the applicant seeks amongst other things an order requiring the Respondents to purchase the Applicant’s shares, as is authorized by s. 248(3)(f).…

    • 781 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    ‘The Scope and Limitations of the Doctrine of Misleading or Deceptive Conduct In the Context of Guarantees: Some perspectives and uncertainties’ (2006) 3 Macquarie Journal of Business Law 79…

    • 518 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Annotated Bibliography

    • 527 Words
    • 3 Pages

    Act of 1964 Duke Law Journal , Vol. 1968, No. 4 (Aug., 1968), pp. 671-72.…

    • 527 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Insolvent Company

    • 2636 Words
    • 11 Pages

    In this case, the first issue that needs to be ascertained is, whether the directors contravene the relevant law in relation to insolvent trading. To solve this issue, it is helpful to thoroughly analyses section 588G.…

    • 2636 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    2002, Congress passed the Sarbanes-Oxley Act, known in the industry as SOX, as a measure to improve transparency in financial accounting and to prevent fraud. SOX consists of 11 chapters, or titles, which establish wideranging new regulations for auditors, CEOs and CFOs, boards of directors, investment analysts, and investment banks. These regulations are designed to ensure that (a) companies that perform audits are sufficiently independent of the companies that they audit, (b) a key executive in each company personally certifies that the financial statements are complete and accurate, (c) the board of directors’ audit committee is relatively independent of management, (d) financial analysts are relatively independent of the companies they…

    • 553 Words
    • 3 Pages
    Good Essays
  • Better Essays

    This problem is concerned with the contents of the contract which is term in the contract, the misrepresentation and unconscionable conduct.…

    • 997 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Company Law

    • 2193 Words
    • 9 Pages

    Facts: Mick, Keith, Charlie, Bill and Brian were directors and equal shareholder of Big Lips Music Pty Ltd. Brian resigned his directorship as a result of differences with Mick, Keith, Bill and Charlie. The others wanted to get rid of Brian as a shareholder. However, Brian told them that he would never sell his shares in Big Lips Music. A general meeting of Big Lips Music’s shareholders is called at which there is a motion to insert a new clause in the company’s constitution that gives Mick, Keith, Bill and Charlie the right to compulsorily acquire Brian’s shares for their issue price. What is the process for inserting a new clause in the company’s constitution? Can Brian prevent the new clause being inserted even thought the others shareholders passed a special resolution that that effect? Required:  Student 1 ‐ Advise the other shareholders of Big Lips Music (the Plaintiffs) what is the process for inserting this new clause in the company’s constitution. If they insert this new clause can they acquire Brian’s shares for the issue price?  Student 2 ‐ Advise Brian (the Defendant) whether he can prevent the new clause being inserted by the other shareholders and if so how? If he can not prevent it will he have to sell his shares for their issue price? Parties The Majority  Mick – Director and shareholder  Keith – Director and shareholder  Charlie – Director and shareholder  Bill – Director and shareholder The Minority  Brian – Shareholder Issues…

    • 2193 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    Gsis vs. Court of Appeals

    • 811 Words
    • 4 Pages

    • On May 9, 1979, at about 7:00 in the evening at Tabon-Tabon, Butuan City, the said truck driven by Guillermo Corbeta collided with a public utility vehicle, a Toyota Tamaraw. The Toyota Tamaraw was owned and operated by Victor Uy, under the name and style of “Victory Line”. The Tamaraw was a total wreck.…

    • 811 Words
    • 4 Pages
    Satisfactory Essays