Anna Maria Bernadette Marano. • Contracts were exchanged on 2 May 2005 for the purchase of property for $2‚130‚000 between the plaintiffs and the first defendant. • Contract of sale to be completed by 25 July 2005‚ not completed. • Notice to complete served on 27 July 2005 requiring completion by 10 August 2005‚ not completed. • Plaintiffs sue for forfeiture of the deposit and for damages for a deficiency on re sale. • First defendant terminated the contract on the basis
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Notice A notice of meeting contains details of the meeting such as the date‚ time‚ place‚ purpose and general natural of the meeting. It is usually prepared by the secretary and circulated to the relevant people in advance. No notice require for public meeting and no common law state about that while notice of private meeting required given to every member who is entitled to attend and vote in the meeting. Every organization would need to set out in its rules such requirements that must be complied
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the statute or statutory construction. Consequently‚ most of the Administrative law concepts and doctrines are Judge made law‚ which have to be read in conjunction with any statute delegating power to a official‚ body or tribunal. OBJECTIVES OF ADMINISTRATIVE LAW: Since the Parliament grants the widest possible power and has little control over how these powers are exercised‚ the objectives of the administrative law are two fold. On one hand it has to protect the citizens from the abuse of power
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COLLEGE COMPANY LAW 2014 WEEKLY ASSIGNMENT 5 ANSWER Introduction The instant case concerns meetings and resolutions. The central issues are: 1. Was the board meeting of December 31‚ 2013 validly held? 2. Was the resolution passed at that meeting a valid one? 3. What should Bud do to convene an extraordinary general meeting? Board Meeting of December 31‚ 2013 At the outset‚ it must be emphasized that the validity of a meeting hinges on a number of factors: 1. whether sufficient notice was
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This memo should clear up any questions you have remaining about the situation of the constructive discharge/ violation of Title VII lawsuit filed by our former employee‚ and will also give some suggestions for how we can avoid this problem in the future. First‚ it should be made clear that constructive discharge is that act of “forcing an employee out of a job with an ultimatum to either resign or face one of several unpleasant consequences”‚ which could be‚ among other things‚ unwanted transfer
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friends and also a huge impact on the company and reputation of the company. So what is the cost when things go wrong? Penalty- Notices under section 21‚ 22 and 23 of the health and safety at
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COMPANY LAW – EXAM NOTES Incorporation and Its Effects S117 - All companies must register with ASIC S118 – All companies must have a Number S119 – Once the company is registered with ASIC‚ the company has a separate legal existence. Separate Legal Entity The separate legal entity notion is shown in Salomon v Salomon where a company shareholder is limited to the amount of share capital they have contributed and they can not be held personally liable for the dealings of the company. This notion of
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CORPORATE LAW AND SECRETARIAL PRACTICES | April 8 2013 | SUBMITTED BY: | INCORPORATION OF GALLANT CHEMICALS | INCORPORATION OF GALLANT CHEMICALS: MEMORANDUM OF ASSOSIATION: THE COMPANIES ORDINANCE‚ 1984 (PRIVATE COMPANY LIMITED BY SHARES) MEMORANDUM OF ASSOCIATION OF GALLANT CHEMICALS PRIVATE LIMITED 1) The name of the Company is "GALLANT CHEMICALS PRIVATE LIMITED." 2) The Registered Office of the Company will be situated in the province of BALOCHISTAN. 3) The objects
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Topic 1 X Introduction to Company Law LEARNING OUTCOMES By the end of this topic‚ you should be able to: 1. 2. 3. 4. 5. List the types of business entities and its distinctions; Identify the various forms of companies and the changing of status; Discuss the doctrine of separate legal personality and lifting of the veil of incorporation; Describe the agency principles related to company law; and Evaluate the duties of a promoter and the pre-incorporation contracts. X INTRODUCTION
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On a proper interpretation of the case law of the European Court of Justice‚ there can be no doubt that the real seat theory is dead throughout the EU Discuss. Since the Treaty of Rome entered in force in 1958‚ companies were allowed to be formed across the EU benefit from the basic right of the freedom of establishment. The principle of freedom of establishment set out in Article 49 (ex Article 43 TEC) enables an economic company to operate an activity in one or more Member States. At present
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