the Global Economy. London: International Association for Official Statistics Reid T.‚ Priest L.L.P Pearson Education‚ publishing as Fact Monster. Retrieved 25 Oct. 2006 from . Trakman‚ L.E. (2003) From the Medieval Law Merchant to the E-Merchant Law. Toronto: University of Toronto Law Journal.
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invested large amount in producing a range of products for supermarkets. The company is facing financial difficulties due to unsuccessful. In that situation director fear the company may now be insolvent. The accountant now wants to understand the issues surrounding insolvency. According to Brown Bothers current situation it has been recommended to their director to follow the following issues. Insolvency A company which is insolvent may be put into liquidation sometimes referred to as winding-up
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effects Characteristics of a company -Companies are artificial entities with rights and liabilities separate from their shareholders or members -s119: company comes into existence as a body corporate at the beginning of the day on which it is registered with the name specified in its certificate of registration -This legal entity is separate from its members so assets of the company are not the assets of its members and contracts entered into by the company will create rights and liabilities
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1. (A) : Agent: An agent stands in a fiduciary relationship with the principal. According to Doolan (1981)‚ an agent must not allow a situation to occur duty to the principal conflicts with personal interest and he/she must act in good faith also. As has been argued‚ Doolan (1981) states that an agent is authorized by the principal to perform certain acts‚ for and on behlaf of the principal. According to Doolan (1981)‚ an agent is never required to perform an illegal act. The agent is not liable
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under the law this contract was not valid. Steve the salesperson was completely liable under the law for entering a contract with an underage minor. As a car company representative there is protocol which must be used when entering into any contract and a major part of protocol is to ensure that both parties are of legal age at the time of sale. Another possibility that may be a remedy for this situation is for Car Company to take legal action against Jeff‟s legal guardians. Under the law any minor
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Mount Crest University College Course: Company Law Intake 2 Weekend Assignment Naa Amerley Quaye (B12010042) QUES: Yentua Company Ltd. was incorporated on 10th June‚ 2010. Its objects are construction and civil engineering works. It now wants to obtain a certificate from the Registrar in order to start working. What information should it present to the Registrar before it can be issued with this certificate? There are legal rules governing the commencement
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Issue: Whether directors of ABC Bhd had breach their duty as directors. Whether ABC Bhd can persue their claim against any other party related to ABC Bhd. Law: S.4(1) Company Act 1965 (CA1965) states that director includes any person occupying the position of director of a corporation by whatever name called and includes a person in accordance with whose directions or instructions the directors of a corporation are accustomed to act and an alternate of substitute director. For example‚ in the case
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Gas Law Problems Boyles Law 1. A gas occupies 12.3 litres at a pressure of 40.0 mm Hg. What is the volume when the pressure is increased to 60.0 mm Hg? 2. If a gas at 25.0 °C occupies 3.60 litres at a pressure of 1.00 atm‚ what will be its volume at a pressure of 2.50 atm? 3. To what pressure must a gas be compressed in order to get into a 3.00 cubic foot tank the entire weight of a gas that occupies 400.0 cu. ft. at standard pressure? 4. A gas occupies 1.56 L at 1.00 atm. What will be the volume
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1. award: 0 out of 0.00 points On January 1‚ Puckett Company paid $2.64 million for 88‚000 shares of Harrison’s voting common stock‚ which represents a 40 percent investment. No allocation to goodwill or other specific account was made. Significant influence over Harrison is achieved by this acquisition and so Puckett applies the equity method. Harrison distributed a dividend of $2 per share during the year and reported net income of $613‚000. What is the balance in the Investment in Harrison
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Question 2 Can Paul take any legal action against Derek? Did Derek breathe the contract made between him and Paul? A contract is agreement concerning promises made between two or more parties with the intention if creating certain legal right and obligation upon the parties to that agreement which shall be enforceable in court law. The Trade practices act 1974 (Cth) particularly s52 cover the contract law: seven elements to create a simple contract‚ which are listed as the following: * Intention
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