Negligence is defined as the the commission of an act that a prudent person would not have done or the omission of a duty that a prudent person would have fulfilled‚ resulting in injury or harm to another person. In particular‚ in a malpractice suit‚ a professional person is negligent if harm to a client results from such an act or such failure to act‚ but it must be proved that other prudent members of the same profession would ordinarily have acted differently under the same circumstances. Negligence
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Business Ownership There are three different forms of business ownership‚ the Sole Proprietorship‚ the Partnership‚ and the Corporation. Each of these businesses have major advantages and disadvantages. The sole proprietorship is a business which is owned and managed by one individual. Some of its advantages are‚ the ease of formation‚ its management control‚ and its distribution of profits. Some of the disadvantages are‚ its unlimited liability‚ the lack of continuity‚ the capital requirements
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patients etc put at risk by the accident‚ that Mary was in fact on her way to the nearby McDonalds family restaurant and had used the siren and its privileges to save time. Advise John as to what Mary will need to prove to establish a claim in negligence against him; and what potential defences he has available to him. Question 2: Nicole recently entered into a contract to sell her house in Canberra to Lakeview Developments Pty Ltd for $750‚000. She was told by the receptionist in Lakeview’s
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Name:_______________ Business Law I: Final Exam Study Guide [20 points] Material Tested: Chapter 1: Laws and Their Ethical Foundation (p. 04-23) (30 points) Chapter 2: Constitutional Rights (p. 24-47) (30 points) Chapter 3: Court Systems (p. 48-63) (30 points) Chapter 5: Civil Law and Procedure (p. 84-105) (30 points) Long Essay: Explain how legal knowledge will be applied in your personal life beyond high school. (30 points) Instructions: Your final exam of 150 points will include the
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M1 – Contrast the ownership and purpose of two different business organisations. John Lewis Zebs Type of ownership John Lewis Partnership’s seven principles define how we run our business. They are as relevant today as they were when they were set out by our founder‚ John Spedan Lewis‚ in our constitution. Zebs is owned by one person which is called a sole trader as they run the business by themselves and don’t count on other people Purpose The Partnership’s ultimate purpose is the
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Definition of Law a. Law is defined as a set of rules and principles by which a community regulates its activities. b. Law is different and yet similar because it can be applied differently across various borders. c. Unlike law‚ internal rules and regulations of clubs‚ societies and other organizations may only be enforced within the group that governs them. d. Law is therefore concerned with the legal rights and obligations of individuals‚ business organizations‚ various entities
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THE LAW OF BUSINESS ORGANIZATIONS CHAPTER 4 – Piercing the Corporate Veil Minne B Berkey v Third Avenue Railway Company Overview: This is a New York Court of Appeals decision in 1926 adjudicated by the legendary Justice Cardozo. In this seminal case on ‘piercing the corporate veil’‚ the Court of Appeals finds in favor of the Defendant‚ Third Avenue Railway Company. The Court holds that Third Avenue‚ the parent company of Forty-second Street Company‚ which operated a rail line upon which the
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Sale of Goods Ordinance‚ Cap 26 shall apply in this case given the fact that the motorcycle seller sold the second hand motorcycle to Sam as a course of business‚ a legally binding contractual relationship for sale of goods was established although there was no information as to whether Sam bought the motorcycle was for business or private use. Besides‚ the car shall be defined as goods under (s.2(1)) of the aforesaid ordinance. The motorcycle seller was in breach of the implied conditions in
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------------------------------------------------- A REPORT ON ASPECTS OF CONTRACT AND NEGLIGENCE FOR EZ KOOKING ------------------------------------------------- ------------------------------------------------- TITLE PAGE ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Prepared
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JAMES COOK UNIVERSITY FACULTY OF LAW‚ BUSINESS & THE CREATIVE ARTS ------------------------------------------------- SCHOOL OF LAW Business Law – BU1112 Brisbane Campus SUBJECT OUTLINE Study Period 1‚ 2013 Important Dates for this Subject: Study Period: 1(amend) Start Date: 25/03/13 End Date: 28/06/13 Census Date: 18/04/13 Withdraw without Academic Penalty by: 10/05/13 BU1112 – Business law BU1112 Business Law is a core subject in the BBus course
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