before the common shares (Crook‚ 2000). If the company does not have enough money to pay both the preferred shares‚ and the common shares‚ the preferred shareholder must receive his shares first. Many different types of preferred stock shares and they all have distinct features that captivate investors‚ and allow them to make their own choices from their preferences. They include: Cumulative preferred shares‚ their entitled to make up any missed up payment of dividend before the common shares receive
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English Law (Common law) Common Law is a major part of many States‚ especially Commonwealth countries. The common law is based on the principle of deciding cases by reference to previous judicial decisions‚ rather than to written statutes drafted by legislative bodies. The decisions came from English Common Law courts and are essential case law made by English judges. It is based on tradition‚ past practices and legal precedents set by courts through interpretation of statues‚ legal legislation
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Common Carrier De Guzman vs Court of Appeals G.R. No. L-47822‚ December 22‚ 1988 Ponente : Feliciano‚ J.: Facts: Ernesto Cendana was engaged in buying up used bottles and scrap metal in Pangasinan and upon gathering sufficient quantities of such scrap material‚ respondent would bring such material to Manila for resale. On the return trip to Pangasinan‚ respondent would load his vehicles with cargo which various merchants wanted delivered to differing establishments in Pangasinan. For that
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Regina (Rottman) v Commissioner of Police of the Metropolis - [2002] 2 AC 692 Court: House of Lords Date: 16 MAY 2002 Judges: Lord Nicholls of Birkenhead‚ Lord Hoffmann‚ Lord Hope of Craighead‚ Lord Hutton‚ Lord Rodger of Earlsferry Lawyers: Clare Montgomery‚ QC‚ for the respondent; David Perry‚ for the appellant Procedural History: The Divisional Court of the Queen’s Bench Division granted Mr. Rottman a declaration that the statutory power of entry‚ search and seizure without a
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Legumes are a great crop for farmers because of their ability to enrich soil fertility by depositing nitrogen in the soil. In addition to this service to the environment‚ legumes provide an important source of protein. And when they are cooked and served up with the right spices‚ they make a delicious meal. Legumes is a class of vegetables that includes beans‚ peas‚ and lentils are among the most versatile and nutritious food available. Legumes are low in fat‚ contain no cholesterol‚ and are high
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Chief Justice OBJECTIVE: To understand what the Case Law is and what is the importance‚purpose and history of the same and thereby getting a better understanding of the role and relevence of Case Law in India. HYPOTHESIS: Case Law or Common Law is a reported decision given by a court of first instance i.e. Supreme Court or High Court in which there are new interpretations of law and can be cited as precedent in the process of Stare Decisis. Case Law is law developed through decisions
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offer two classes of stock: common and preferred which represents units of ownership. The preferred and common stocks differ in their financial terms and voting/governance rights in the company. While corporate bond is a loan to a company which pays periodic interest payments. As a unit of ownership‚ common stock typically carries voting rights that can be exercised in corporate decisions. Preferred stock (also called preference shares or preferred shares) differs from common stock in that it typically
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Machining Inc.‚ contending (1) a statutory claim for unlawful retaliation under R.C. 4123.90; and (2) a tort claim for wrongful discharge in violation of public policy. Each claim was granted motion‚ and Sutton appealed. Issues: Should Ohio recognize a common law tort claim for wrongful discharge in violation of public policy when an injured employee suffers retaliatory employment action after injury on the job‚ but before the employee files a workers’ compensation claim or institutes‚ pursues‚ or testifies
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In common law‚ a formality among judges was developed‚ typified by a reluctance to deal with matters that were not or could not be processed in the proper form of action. In other words‚ if a person did not follow the proper procedure or done an error in the formalities‚ the person making the claim would lose the case even though that person obviously suffered a wrong. It is one of the equitable maxims that ’Equity looks to the intention and not the form’ which stands that it is fair to look at the
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2. Uniform acts are model statutes drafted by private bodies of lawyers and/or scholars; they become law only after legislature enacts them. True False 3. The Restatements usually state binding common law rules‚ promulgated by the American Law Institute. True False 4. Common law is a state law and hence only the state courts can apply the same. True False 5. If an international treaty signed in 1997 conflicts with a statute which was promulgated by federal legislature
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