Limited Liability Corporation and Partnership FIN419 - Finance for Decision Making Date Instructor’s name Limited Liability Corporation and Partnership Paper Limited Liability Corporation and limited liability partnership are two of several types of structures that individuals can give thought to forming when starting a business. To form a corporation each member has limited liability‚ but the corporation has full liability. Forming a partnership requires at least two people‚ which
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does the law justify imposing strict liability for some criminal offences? ‘actus non facit nise men sit rea’ means an act alone cannot constitute guilt without the proof of a guilty mind‚ for most criminal cases. Strict Liability is the legal responsibility for injury or damages even if the person was not at fault or negligent; this contradicts the above Latin maxim as it places sole responsibility upon a defendant without the proof of ‘mens rea.’ Strict liability is a topic that has both its pros
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Memorandum TO: Janet Jones Supervising Attorney FROM: Susan Steichen Paralegal RE: Potential case of Mr. and Mrs. Sherman on behalf on the minor son DATE: September 22‚ 2012 Questions Presented Did the Church of Divine Light (CoDL) make threats to the minor Sherman into believing that if he left he would be “thrown into the eternal fires of Hell”? Did the CoDL intentionally brainwash Rob Sherman Jr.‚ to cut all contact from his family? Brief Answer Yes. The CoDL had brainwashed the minor
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a. The application of English Law in our legal system. English Law is part of Malaysian law. The definition of law in Article 160 of the Federal Constitution includes ‘the common law in so far as it is in operation in the Federation or any part thereof’. That qualification concerns the extent to which English Law is applicable in Malaysia. First‚ we will discuss on the meaning of ‘sources’. Historical sources is the factor which influenced the development of law in religious and custom. Law
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Product Liability Theories of Recovery and Defense In my opinion Wood would most likely win the law suit against either the peanut or the jar manufacturer on the basis of strict liability or negligence‚ which allows a person injured by an unreasonably dangerous product to recover damages from the manufacturer or seller of the product even in the absence of a contract or negligent conduct on the part of the manufacturer or seller (Bagley‚ 2013). Therefore‚ Wood should recover damages even if the
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When it comes to selling and buying a home‚ real estate legal liability has several components that involve representing the property‚ protecting the interest of all parties‚ and neglecting parts of the sales process. Sellers are more likely to be confronted with legal liabilities pertain to the home’s condition s found during the home inspection and after the sale‚ once the buyers take occupancy. Legal liabilities for sellers after the home is sold and transfer of ownership is complete may exist
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A to Z of Limited Liability Partnership A. INTRODUCTION The concept of Limited Liability Partnership (LLP) in India is viewed as an alternative corporate business vehicle that provides the benefits of limited liability and also allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. The revised Bill received the assent of the President of India on 7‚ January 2009. LLP is a body corporate formed and incorporated under
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Chapter 11 Current Liabilities and Payroll Questions 1. A current liability is one that is payable within the coming year or within the company’s normal operating cycle if longer than a year. All other liabilities are long-term. A contingent liability is a potential liability that depends on a future event arising out of past events. The future event will determine the amount and existence of the liability. A contingent liability may or may not become an actual obligation. 2. The company reports
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• The peace officer was wearing a distinctive uniform Dossey himself admitted after viewing the Watch Guard Video during our interview that both the lights nor siren were on during the incident and the above was criteria was not met. Dosseys’ statement that he cannot hear the sirens of a police car during a pursuit due to the high level of stress he experiences‚ make his decision not to review MVS footage to ensure the criteria of the vehicle code is met irresponsible and negligent on his part
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August 7‚ 2009 Criminal Law- 2 Essay on Strict Liability Crimes Having no element for Mens Rea‚ consequently permits punishment on those that may be blameless to a crime. With that fact‚ there is definitely a wide range of controversial pro’s and con’s. I personally am unbiased either way regarding this topic‚ for any and all concerns I feel are legitimate. What I will set forth here is unbiased opinion and facts to all pro’s
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