Council 1989 | * A company is a legal entity separate and distinct from its shareholders and it not an agent of those shareholders * Lord Macnaghten pointed out that in an earlier case: Re Baglan Hall Colliery Co 1870 Giffard LJ had said that it was “the policy of the Companies Act” to enable business people to incorporate their businesses and so avoid incurring further personal liability. | The facts of this case were that the owner of a business sold it to a company he had formed‚ in return
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COMPANY LAW AND BUSINESS ASSOCIATIONS Shares are securities which companies issue to members of the pubic in order to raise money to finance their operations. Shares are securities because they represent the financial interest which a person has in the share capital of the company. So long as the company is still in business‚ the financial interest (shares) of a shareholder is protected by law and cannot be taken away except by lawful means such as by court order or by nationalization provided
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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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Company Law: Assignment 1. Advise Sarah and Jane of the advantages and disadvantages of operating their business: a. Separately b. Sarah Jane Pty Ltd c. Sarah Jane Ltd Separately -less cost to set up the business -easy to comply with legal requirement under the corporation act Disadvantages: -you are there on your own unlimited unlimited liability her own asset could in danger as the result of breaches in contract and in tort The advantage of Sarah Jane Pty Ltd: Sarah‚ Jane and their employees
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COMMERICAL LAW EXAM Agency Definition Agency may be defined as a relationship between the principal (P) and the agent (A) whereby A has the authority to create a legal relationship between P and the third party (T). The purpose of agency is that two people can enter a valid contract with one another without having to deal with each other personally. Instead‚ the contract or other transaction is brought about through A who when dealing with T acts or purports to act‚ on behalf of P. Authority
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representation of fact. Public Trustee v Taylor Misrepresentation of law (distinction between law and fact is probably no longer supportable in Australia) If the law is fraudulently misstated‚ the representor would be held liable. It would be unconscionable to permit the plaintiff to gain from a fraudulent misrepresentation of law. The consequences and rights (results) should be the same between the making of fraudulent misrepresentation of law by which a party was induced to enter into a contract and from
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TAXATION LAW & PRACTICE EXAM NOTES 2011 |PAGE INDEX | |Income |- Source |Page 3 | | |- Residency |Page 4 | | |- Dual Residents
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G51FSE “Morning of the exam” revision guide Craig Knott Version 1.2 May 25‚ 2012 Craig Knott 0.1 G51FSE “Morning of the exam” revision guide Humble Beginnings What is software engineering? “The application of a systematic‚ disciplined‚ organised and quantifiable approach to the development‚ operation and maintenance of software - and the study of these approaches” When engineering software‚ we don’t do it in an adhoc way. As we are generally working as a team‚ this would cause
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AS geography revision Start early…. There is a lot to learn. Use this as your starting point. There is more help available on the geography revision pages of Moodle and also on AQA’s website‚ where you will find past papers‚ mark schemes and also examples of student answers (exemplars). You can buy a CGP revision guide if you would like to (£5 from college) but also on Amazon and from WHSmith. The bits that the CGP revision guide doesn’t have in it for AS Geography…. RIVERS Graded long profile
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STRATHMORE COLLEGE SUBJECT 2: LAW I PART 1 DISTANCE LEARNING PACK COPYRIGHT ALL RIGHTS RESERVED. No part of this publication may be reproduced‚ stored in a retrieval system or transmitted in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise without the prior written permission of the copyright owner. This publication may not be lent‚ resold‚ hired or otherwise disposed of by any way of trade without the prior written consent of the
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