The Nature of Insurance came about to offset any loss that an individual or those engaged in business may suffer through the occurrence of some unforeseen event. To offset this loss the commercial world developed the contract of insurance. In return for a fee the individual‚ or the business enterprise‚ would be indemnified for the loss suffered on the occurrence of the event insured against. Contracts of insurance cover a wide field such as life assurance‚ personal accident public liability‚ damage
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REPUBLIC ACT NO. 9136 AN ACT ORDAINING REFORMS IN THE ELECTRIC POWER INDUSTRY‚ AMENDING FOR THE PURPOSE CERTAIN LAWS AND FOR OTHER PURPOSES Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: CHAPTER I TITLE AND DECLARATION OF POLICY SECTION 1. Short Title. - This Act shall be known as the “Electric Power Industry Reform Act of 2001”. It shall hereinafter be referred to as the Act. SECTION 2. Declaration of Policy. - It is hereby declared
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likely be discharging this director any potential liability. Apart from this‚ directors are also not bound to give continuous attention to the company and he is justified in trusting official performing duties with honesty under City Equitable. Law Wai Duen v Boldwin Construction Co. Ltd Afterwards‚ Judge Hoffmann LJ in a later case Re D’Jan Ltd proposed that the directors’ duty of care and skill should be considered by a two-fold subjective/objective test. Still‚ City Equitable is the leading
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FOUNDATIONS OF BUSINESS LAW - ASSIGNMENT 1 DUE DATE: Week 4 INSTRUCTIONS TO STUDENTS All assignments must be submitted electronically using Turnitin by 9 pm Friday March 22. Please find out if you are also required to provide your teacher with a hard copy. This assignment comprises FOUR questions that are based on some of the information covered in the first two weeks of the course. All questions must be answered. The lecture notes are on the portal in Weeks 1 and 2. They include
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Bill twice and read somearticles‚ reaction and comments in the internet I had read books and research which isrelated to reproductive health‚ sex education and Bioethics‚ for me to fully understandwhat was the RH bill all about and the reason of the creation of this bill.Poverty‚ the main problems that the Philippine is facing today and they say thatthe primary factors that lead to poverty is due to overpopulation‚ the Philippines has apopulation of 64‚318‚120 in 1990. Today the population is ballooning
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personality A. PROMOTERS • Background • Definition - no statutory definition - 2 common law definitions • Twycross v Grant (1877) 2 CPD – someone who “undertakes to form a company with reference to a given project‚ and to set it going and… takes the necessary steps to accomplish that purpose” (Cockburn CJ) • Whaley Bridge Calico Printing Co v Green (1880) 5 QBD 109 – “the term promoter is a term not of law but of business‚ usefully summing up in a single word a number of business operations
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Introduction: International law has been regarded throughout history as the main system of rules regulating players of the international community‚ it applies to all states and imposes specific obligations and rights on nations‚ just as domestic law imposes them on individuals. Its purpose is similar to that of domestic law that is to eliminate chaos in the International community and set standards of behavior which states must follow in their dealings with each other. Many controversies have
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sought to limit the operation of exclusion clauses. In addition to numerous common law rules limiting their operation‚ in England and Wal Consumer Contracts Regulations 1999‚ the Unfair Contract Terms Act 1977 applies to all contracts‚ but the Unfair Terms in Consumer Contracts Regulations 1999‚ unlike the common law rules‚ do differentiate between contracts between businesses and contracts between business and consumer‚ so the law seems to explicitly recognize the greater possibility of exploitation of
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Nontraditional Litigation Systems Law/531 [ July 30‚ 2012 ] The traditional legal system of utilizes law as it is foundation for all decisions. Laws in the United States have four sources; constitutional‚ statutes and ordinance‚ common law and administrative. The features of these four are: * Constitutional Law is based on a formal document that defines broad powers. Federal constitutional law originates from the U.S. constitution. State constitutional law originates from the individual state
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Study hints ............................................................................................................................................. History of South African criminal law .............................................................................................. The sources of our criminal law ........................................................................................................ The onus of proof in criminal cases ...........................................
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