12. 13. Jurisdiction to make receiving order. Conditions on which creditor may petition. Proceedings and order on creditor’s petition. Debtor’s petition and order thereon. Effect of receiving order. Power to appoint interim receiver. Power to stay pending proceedings. Power to appoint special manager. Advertisement of receiving order. Proceedings Consequent on Order 14. 15. 16. First meeting of creditors. Meetings to be governed by rules. Debtor’s statement of affairs. Public
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Did Amy bound by her promise? In Amy’s case‚ have no doubt‚ Amy is the offeror who provides an offer to Beryl and her family who have accepted it by receive Amy’s money or others. However‚ there are requirements to form a valid contract other than offer and acceptance‚ that are‚ intention to create legal relation and consideration. What is consideration? It can be describe as being something which represent either some benefit to the person making a promise or some detriment to the person to whom
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Parties may freely enter into any stipulations provided they are not contrary to law‚ morals‚ good customs‚ public order or public policy CHAPTER 1. – GENERAL PROVISIONS See Arts. 1156 - 1162 ELEMENTS OF AN OBLIGATION: 1. Active subject (obligee/creditor): one in whose favor the obligation is constituted 2. Passive subject (obligor/debtor): one who has the duty of giving‚ doing or not doing 3. Object: prestation; the conduct which has to be observed by the debtor/obligor REQUISITES 1. it must be
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Harvey Norman Annual Report 2011 Holdings Limited Annual Report 2011 COMPANY INFORMATION ABN 54 003 237 545 ANNUAL REPORT YEAR ENDED 30 JUNE 2011 Key Dates 30 August 2011 4 November 2011 29 November 2011 Announcement of Full Year Profit to 30 June 2011 Announcement of Final 2011 Dividend Record date for determining entitlement to Final 2011 Dividend Annual General Meeting of Shareholders The Annual General Meeting of the Shareholders of Harvey Norman Holdings Limited will be held
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........................................................................ 487 A. Contract Creditors of Public Corporations....................................................... 488 B. Tort Creditors of Public Corporations .............................................................. 494 C. Contract Creditors of Close Corporations........................................................ 500 D. Tort Creditors of Close Corporations............................................................... 503 IV
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ukessays.com http://www.ukessays.com/essays/accounting/history-of-accounting-traces-to-ancient-civilizations.php History of Accounting -Traces To Ancient Civilizations Various attempts have been made to locate the place and time of the birth of the double-entry system resulting in various scenarios. Most of these scenarios recognize the presence of some form of record keeping in most civilizations dating back to about 3000 BC. Included are the Chaldean-Babylonian‚ Assyrian and Sumerian
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Chatper 34 International Finance - Test Bank MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The currency used to buy imported goods is A) the buyer’s home currency. C) the currency of a third country. 1) B) the seller’s home currency. D) special drawing rights. 2) 2) If portable disk players made in China are imported into the United States‚ the Chinese manufacturer is paid with A) international monetary credits. B) dollars. C) yuan
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• Accounting is the system that measures business activities and process information into reports. • Accountant maintain‚ audit and prepare financial records for a person or a company. • Main careers in accounting - bookkeeper‚ auditor‚ financial advisor‚ taxation‚ carbon accountant and accountant etc… • Bookkeeping is recording financial recorders and summaries of financial transaction. Accounting is measuring business activities and process information into reports. • Main professional accounting
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For the purposes of AASB standards‚ the parent must be a type of entity required to prepare financial statements that comply with the financial reporting provisions in Part 2M.3 of the Act. In the context of this book parent and subsidiaries are typically companies and
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analysis is used to assess the financial stability of a company. Creditors are interested in the short-term liquidity of a company and whether the company can repay its debts on time. So creditors use financial statements to determine whether a company is creditworthy. Stockholders are interested with future earning and dividend payouts and use the financial statements to determine whether a company is worth investing in. Creditors and stockholders seek prior and current financial information on
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