Company Law 1) Explain the background to the case Salomon vs. Salomon. Mr. Salomon was a leather merchant in a large establishment. Solomon converted his business into a limited company as Solomon and Company limited with his wife and five children becoming members. Each member took one £1 share each. The company bought the business for £39‚000. Mr. Salomon subscribed for 20‚000 further shares. The company also gave Salomon £10‚000 in debentures (i.e. Salomon gave the company a £10‚000 loan
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followed? That is Obiter Dicta and Ratio Decidendi? What is persuasive precedent and who uses it and how it is used? When is a judge bound? Can the Stare Decisis be avoided? And lastly: How has Stare Decisis handicapped the development of the English law? The hierarchy of the courts The English system is made up of a hierarchy of courts. Hierarchal means that the courts which are high in the system hear appeals from the ones below them. The decisions made in the higher courts are of great importance
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cancelled only by special resolution of the company and: (c) by special resolution passed at a meeting: (i) for a company with a share capital of the class of members holding shares in the class… (d) with the written consent of members with at least 75% of the votes in the class.” (Tony & Christopher 2009) It would seem that the Company has the special resolution about the preference shares’ rights. By reliance on the assumption in s246B (2)‚ the Company will cannot increase the dividend rate for
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CASE DOCTRINES AND ADDITIONAL NOTES CRIMINAL LAW II (Culled from Florenz Regalado’s Conspectus and Ortega’s Notes) Article 114. TREASON ➢ “The details of the testimony on the acts testified by witnesses need not be identical” (People vs. Abad) ➢ “The two-witness rule is not required to prove adherence to the enemy” (People vs. Alitagtag) ➢ “Treason absorbs crimes committed in the furtherance thereof” (People vs. Villanueva) ➢ “Righteous Action‚ as when the collaborator also
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of television and radio appearances and his name and pictures was used by the company. Subsequently‚ John heard nothing from the Superfast Ltd. Last week‚ he decided to travel to a football game in Liverpool and he contacted Superfast Ltd to arrange his free travel. The company informed him that the ‘free travel for life’was simply a prize that had been made available to him and as he had provided nothing to the company in return so there would be no free travel made available to him. The case
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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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appear to be in the best interests of the company both subjectively and objectively. The statutory remedy for disadvantaged shareholders‚ s 459‚ may provide a remedy for H‚ but the courts have set their face against using the section to provide a remedy for shareholders who object to the board’s bona fide actions if they do not impinge upon the ‘legitimate expectations’ of the shareholder; see‚ for example‚ Re A Company (No 002567 of 1982) (1983)‚ the wine bar case mentioned above‚ and Re Saul
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Memo To: CEO From: Elementary Division Manager Date: 12/07/2012 Re: Constructive Discharge‚ Employee ID - 4022 Message: With respect to the case filed by our former employee against the company under Title VII of the Civil Rights Act of 1964‚ constructive discharge‚ I would like to draw your attention towards the legalities of constructive discharge. Constructive discharge occurs when employees resign because their employer ’s behavior has become so intolerable or heinous or made life
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Introduction This article will discuss the advantages and disadvantages of sales force automation. Nowadays‚ salesperson in many companies have relied on top performers to keep competitive. That means a successful salesperson should take a special approach. Sales force automation is the system that contain the use of hardware and software to achieve automate the business tasks of sales and its also tie together functions‚ for example‚ sales tracking and expense reports. sales force automation also
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graduate faculty of the department so that they can determine whether the project should be approved as proposed‚ approved with modifications‚ or not approved. Abstract This paper explains SMS- based electronic notice board that used to display notices (text sent from user to the system) using web based application which have a user interface page so that the user can login and send his message to the display board from his personal account. It also explains application areas like
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