usually do not look behind ‘the veil’ to inquire why the company was formed or who really controls it. However‚ in some situations the veil is pierced so as to render officers criminally liable for their company’s breaches of the Act. Explain clearly statutory exceptions where the court would lift the veil of incorporation. The required characteristic of a company is that it exists as a separate legal entity from its members of the company. The separate legal entity was authoritatively established
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range of settings. The unit introduces the central importance of communication in such settings‚ and ways to overcome barriers to meet individual needs and preferences in communication. Answer the following questions units either one of the method of producing evidence e.g.: reflective account‚ question and answer‚ case study and other evidence.(if you are
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If they are to conduct the Smallco Graphics business through a company‚ a very significant of the advantages will be the separate legal entity‚ which means that from the view of the law‚ a company is treated as a separate person. Hence‚ the debts of the company will be limited to the amount remaining unpaid on the members’ shares. This is also called “limited liability” of the members. Apart from the limited liability‚ a company has a perpetual succession‚ meaning that it is a continuing entity
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Limited(the directors are same in both of the companies according to the article of Y Limited) with the breach of pre-incorporation. After the incorporation of association company comes in existence‚ and starts its business after that. Before incorporation company have no legal existence‚ and if enters into an agreement in the name of company before incorporation‚ the agreement would not be valid. The corporate personality with separate legal identity of company confirms about the limited liability of
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CSEA 2222 COMPANY LAW GROUP ASSIGNMENT INTRODUCTION Principle of Separate Legal Entity The principle of separate legal entity under the law is a company‚ upon incorporation‚ will becomes a body corporate that exists separately with its owner and distinct from its individual members and directors. This fundamental principle of company law was first established in the landmark case of Salomon v Salomon & Co Ltd (1897)‚ and formed the foundation of company law in Malaysia. Besides‚ this
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The concept of fiduciary obligations or duty is one of the most important areas in Australian law. In this project‚ I will try to illustrate and explain the duties in three kinds of relationships including the relationship between a director and a company‚ the relationship between the promoters and the corporation and the relationship between business partners. In each relationship‚ what kinds of the fiduciary duties should be performed is elaborated in details. The aim of the project is to help the
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domain of life?Answer | | | | | Selected Answer: | Animalia | Correct Answer: | Animalia | | | | | * Question 2 1 out of 1 points | | | Polar molecules share electrons equally.Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | * Question 3 1 out of 1 points | | | Which of the following is NOT a characteristic of life?Answer | | | | | Selected Answer: | Ability to move | Correct Answer: | Ability to
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micronutrients include lipids‚ vitamins‚ and minerals. Answer Selected Answer: True Correct Answer: False Question 2 1 out of 1 points The "gold standard" of research experiments is the double-blind‚ placebo-controlled study. Answer Selected Answer: True Correct Answer: True Question 3 1 out of 1 points Which of the following is NOT a function of water in the body? Answer Selected Answer: functions as a coenzyme Correct Answer: functions as a coenzyme Question 4 0 out of 1 points
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the low administration requirements compare to form a company. Disadvantages The first major disadvantage is for partnership there are unlimited liability for Andy and Zara. The second major disadvantage is there is no separation between Andy and Zara to manage and control the business. ii) Advantages: The first major advantage is the company has limited liability for shareholders. The second major advantage is the share of the company allow for transfer and expansion. Disadvantages: The
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points |||||| |The rates of PTSD would most likely be:Answer||||| |Selected Answer:||||| |Correct Answer:|higher in victims of terrorist attacks.|||| Question 2 2 out of 2 points |||||| |Released from the adrenal glands‚ __________ is a steroid that causes glucose to move to the muscles; but‚ at high levels‚ this steroid will slow the immune system.Answer||||| |Selected Answer:|cortisol||||| |Correct Answer:|cortisol||||| Question 3 2 out of 2 points |||||| |__________ is a state
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