LEGAL ASPECTS OF BUSINESS Submitted By P.Sivaranjini I MBA ‘b’ Surya Group of Institutions NEGOTIABLE INSTRUMENTS ACT‚ 1881 The Negotiable Instruments Act was enacted‚ in India‚ in 1881. Prior to its enactment‚ the provision of the English Negotiable Instrument Act were applicable in India‚ and the present Act is also based on the English Act with certain modifications. It extends to the whole of India except the State of Jammu and Kashmir. The Act operates subject to the provisions
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3. Cash equivalents are described as the balance of the Cash control amount combined with the control account for purposes of balance sheet presentation. These liquid short-term investments‚ such as U.S. Treasury bills and money market funds‚ qualify because the are considered very safe‚ have a very stable market‚ and mature within 90 days of the acquisition date. Because these items are so similar to cah‚ they are combined with it on the balance sheet. 6. Two items that are often encountered
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Introduction: The purpose of this assignment is for you to learn more about the fair value disclosure requirements included in the FASB Accounting Standards Codification (the Codification). You will do so by examining fair value disclosures included in the following filings: * Form 10-Q for Microsoft Corporation (MSFT) for its quarter ended March 31‚ 2012‚ filed with the SEC on April 19‚ 2012 and * Form 10-Q for The Goldman Sachs Group‚ Inc. (GS) for its quarter ended June 30‚ 2012‚ filed
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Business Law Assignment 1 Irish Law System 922817120561 Module: Business Law Course: Business Studies Level 6 PPS Number: 8021507w Business Law: Legal Sources of Irish Law: Task 1: The business that I have chosen to evaluate and to discuss how the sources of Irish law would have on a business. Also what impact the sources would have on the company and to describe the sources of Irish law. The business that I have chosen for my assignment is MMS Medical this company specialises in making
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Acme Fireworks Joy Parmenter Bus311 Instructor Westerman 9-01-2014 Acme Fireworks The Acme Fireworks Company is entered in several contracts with different company to manufacture fireworks. Because the price per unit was agreed upon the contracts are created. The owner is considering changing the company from a sole proprietor to something else. He also needs to understand his liability for damages or injury due to the fireworks. He also would like to know his options for hire help to fulfill
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Definition of spurious goods. Spurious goods and services" mean such goods and services which are claimed to be genuine but they are actually not so. These goods are outwardly similar or corresponding to something without having its original qualities. Thus such goods are intended to deceive the customers. Introduction: Spurious goods are copy of the original products having well-known trade marks‚ logos‚ along with the external packaging and product arrangement‚ so that they look like they are
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DE LA SALLE UNIVERSITY Graduate School of Business Master of Business Administration Business Law Case 3 GSIS vs. Court of Appeals Submitted by: Liao‚ Weiqin Facts of the case • National Food Authority (NFA‚ formerly National Grains Authority) was the owner of a Chevrolet truck which was insured against liabilities for death of and injuries to third persons with the GSIS. • On May 9‚ 1979‚ at about 7:00 in the evening at Tabon-Tabon‚ Butuan City‚ the said truck driven by Guillermo
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When addressing a legal dispute in international transactions views in changes in legislation‚ clashes of interest and ethical dilemmas must be taken into consideration and acknowledging of the local culture is also paramount to a successful solution to a legal dispute. One practical consideration is to implement an A D R in case a legal action is necessary; it’s less costly and expeditious than settling in local courts and both parties may suffer less red tape when dealing with governments that
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Pollution control and waste management The Department of Environmental Affairs and Tourism (’the Department’) has recognised that they are not always successful in policing and enforcing environmental laws. However‚ the Department is making strides to meet these challenges and to ensure that our laws are practically implemented. In March 2000‚ the Department published its White Paper on Integrated Pollution and Waste Management (’the White Paper’). The White Paper proposes a number of tools
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“Ahhhhh‚” Joshua yawned. He was starving‚ as he had just woken up from a long night’s sleep. “Joshua! You atlantic cod better come and join the family for breakfast! We are going to hunt for herring today‚” Joshua’s Mom‚ Caft called. Joshua was wide awake‚ herring was his favorite food. “Coming‚” he said as he swam to his parents. Joshua and his family then went hunting in the Bay of Biscay. They had a hearty breakfast of herring‚ crabs‚ and lobsters. After eating Joshua’s family wanted to swim
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