Maseno University Second Semester Examinations 2011/2012 Third Year Examinations for the Degree of Bachelor of Business Administration with IT ABA 328: Banking Law and Practice Instructions a. Attempt the question given below in at most three typed pages using font 12 of Times New Roman. b. Your typed assignment MUST have a cover page on which you have your name‚ registration number‚ the course name and code. Each of the other pages MUST contain your registration number as a header.
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Chapter 4 – Constituting Companies (Mini summary relevant for Chapter 22 – Transacting by Companies 1) Legal effect of the internal governance rules s140 states that: “a company’s constitution (if any) and any replaceable rules that apply to the company have effect as a contract: a) Between the company and each member b) Between the company and each director and company secretary c) Between a member and each other member Under which each person agrees to observe and perform ... the rules so
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FINANCE 1613 FINAL EXAM NOTES CHAPTER 1 Basic Concepts Forms of Business Organisations Sole Proprietorship Advantages - business owned by one person. It is simple and easy to start and the owner keeps all the profits. Disadvantages: difficult to raise large sums of finance‚ unlimited liability‚ difficult to transfer ownership‚ taxed at personal income rate. Partnership – business organization owned and operated by two or more individuals or entities. Can be General (all partners share in
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CH 4: International Sales Law Introduction to Contracts for the International Sale of Goods Goods Sale International sales contract Set out parties’ rights and duties Terms and conditions Quantity and price Choice of law and forum Arbitration clause The common law The law merchant and English sales law US Uniform Commercial Code (UCC) National differences in sales law Contractual uncertainty UN Convention on Contracts for the International Sale of Goods (CISG) – 1980 Over 70 countries
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Equity 4 Textbook 1 Chapter 7 Equity- The first Building Block Liability is a fixed obligation and must be paid back. Equity is residual and does not have a fixed repayment requirement. Equity can also be thought of as the foundation of a business as in the old adage. Equity provides: The cushion to absorb shrinking asset in a downturn The resilience to withstand operating losses; The leverage to avoid debt carrying costs Equity represents the ultimates business risk. In relation to the risk/reward
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Differences between Election Protest and Quo Warranto Proceedings While both have one objective which is to remove the winning candidate from office‚ an election protest may be distinguished from quo warranto proceedings as follows: DIFFERENCE ELECTION PROTEST QUO WARRANTO As to who may file Filing is limited to a candidate who has duly filed a certificate of candidacy‚ and has been duly voted for Petition may be made or filed by any voter. As to the grounds Based on fraud or irregularity
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Media Law and Ethics Open Book Exam Question 1 – 2 points Where do the laws in Australia come from? Present a succinct answer with reference to historical facts. In 1788 when Australia was discovered‚ we adopted the British legal system from Sir Arthur Philip; that each state was a separate colony. In 1901 when the Commonwealth of Australia was founded we attained our own Constitution with federal levels of government and a High Court to be used for appeals from the Supreme Court and as an
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DEPARTMENT EXAM TEST BANK SPRING 2011 True/False Indicate whether the sentence or statement is true or false. __F___ The Offeror Is The Party With The Power To Decide Whether To Create A Contract. __T___ An offer made as a joke‚ where a reasonable person would conclude that it was made as a joke‚ cannot result in a contract. __T___ The communication of an offer can be made by the offeror or the offeror ’s agent. __T___ Generally‚ advertisements‚ catalogs‚ price lists‚ etc. are not treated
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Employment and Industrial Relations Law Notes Employment and Industrial Relations Law Notes – S1/2007 Table of Contents Topic 1 – Australian Labour Laws .................................................................................................. 6 What are labour laws? ...................................................................................................................... 6 The development of labour laws in Australia .............................................
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1 – Partnership Ownership Changes & Liquidations - Heading Chapter 14: Partnership Ownership Changes & Liquidations 3 – Partnership Dissolution - #1 • Dissolution is a legal termination • UPA § 31 & 32: – admission or withdrawal of Pr results in Pp dissolution • When act of dissolution occurs‚ Prs may – continue business as new Pp or – liquidate 2 – Partnership Dissolution - Heading Partnership Dissolution 4 – Partnership Dissolution - #2 • Remember dissolution is not
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