suffice to displace the provision that they are entitled to share equally. 4. Hence‚ Morrissey would most likely be awarded 1/5 of the capital as the provision was displaced by the understanding that Morrissey was to have a 1/5 share of the business should dissolution be ordered. Did Morrissey have authority to bind firm‚ making Smiths liable for losses caused by the power outage at Manchester Meat(“MM”) and damage to the air-conditioning? Actual Authority 5. Actual authority may be
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is being supported in the case of Chappell v Nestle‚ where A offers B a book which is of some value‚ consideration takes place. (b) An offer is a willingness to be bound to a contract on certain terms‚ made with the intention that it shall become binding as soon as it is accepted by the person. The party making an offer to another party is called the offeror. The offeree is party to whom the offer is made. The above-mentioned is being supported in the case of Preston Corporation Sdn
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Charles Potter Business Law Education‚ Software Piracy‚ and the Law This paper is intended as a primer for copyright law in the form of a short story. An elementary school teacher illegitimately copies a piece of software for educational purposes and is discovered. Issues such as the fair use doctrine‚ copyright law‚ and cyberlaw are covered. The section provides a realistic legal defense for the fictional situation that drives the paper.
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markets of Germany‚ South Korea and Japan‚ has also damaged the way Wal-Mart is perceived in the eyes of many consumers around the globe. Nowadays‚ many think of Wal-Mart as an expansionist enterprise incapable of adapting its way of carrying out business operations‚ adjusting its workforce and culture overall to suit regional customer needs. Indeed‚ to a lot of people Wal-Mart’s only interest is in making more money. Therefore‚ it is understandable that the company’s efforts to address environmental
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DUTIES OF DIRECTOR Introduction Duties and liabilities are imposed on officers of a company‚ including directors‚ both by common law and statute. Thus‚ directors owe their companies fiduciary duties at common law. These duties are further supplemented by the Act. Officer –section 4(1) FD duty of care skill and diligence statutory duty The fiduciary duties of directors may be conveniently examined under the following categories. Director owe a duty to: Act bona fide and in the interests
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Business Law II Test/Chapters 47-50 Student: ___________________________________________________________________________ 1. Identify the letter of the choice that best completes the statement or answers the question. The Department of Homeland Security: A. has been proposed but has never been created. B. is a non-profit organization. C. is a Cabinet-level Department. D. will have little effect on the federal government’s organization. 2. Which of the following is an accurate statement about the
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Case Brief Assignment: Thomas verses Thomas FACTS: Drew Thomas started working at Thomas Motors for his father‚ Ron Thomas‚ in the fall of 1997. Drew was a salesperson of new and used cars at Lanny Berg Chevrolet in Caldwell‚ Idaho about eight years ago. During the summer of 1997‚ his father Ron offered him to work at Ron’s new-purchased car dealership. Drew states before he accepted his father’s offer‚ besides the salary‚ his father also promised him to give Thomas Motors to him after Ron’s retirement
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Introduction to Business Law- Assignment 1B Advise TLC Ltd. as to any possible action they may have for misrepresentation against answer Ltd. _____________________________________________________________________ Treitel in The Law of Contract (2003) defines a contract as: “An agreement giving rise to obligations which are enforced or recognised by law. The factor which distinguishes contractual from other legal obligations is that they are based on the agreement of the contracting
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Lecture 1: The importance of Business Ethics * 1st part : Introduction Ethics in General: Ethics is simply how people try to live their lives according to a standard of what is good or bad. They apply these standards both in how they think and how the others behave. Two way relationship. Example : MY friend left his wife for someone else. How do you think ? Unethical‚ so I behave in a way to not to talk to him anymore. My friend considers what I did as unethical‚ we’ve been friend for
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strategic position (David‚ 2011). 15.1 SPACE Matrix for APPLE Model 6: Showing SPACE Matrix for APPLE Inc. 16. BCG Matrix When a firm’s divisions compete in different industries‚ a separate strategy often must be developed for each business. The Boston Consulting Group (BCG) Matrix is designed specifically to enhance a multidivisional firm’s efforts to formulate strategies (David‚ 2011). a. BCG Matrix for APPLE Model 7: Showing BCG Matrix for APPLE Inc. 17.
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