CERTIFICATION This academic report is a product of SANDRINE NJEMO NKA’A from an industrial training program at N ATIONAL PORT AUTHORITY CREDIT UNION LEAGUE [NPACCUL] for the period of August 1 to September 30. This report has been carefully developed in accordance to the conditions and criteria that satisfy the award of B.SC Accounting Degree from the Catholic University Of Bamenda Cameroon [CATUC]. Signature; ………………………………… ……………………………… The Manager NPACCUL
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Brief Overview of Limited Liability Companies Introduction Limited Liability Company (LLC) is often considered as the hybrids of general partnership and corporation. It often referred as a general partnership where the partners have no personal liability and a limited partnership where there is no general partner or a partnership surrounded by a corporate shell (Seipel‚ Tunnell & Zimmermann‚ 1995). The LLC is first adopted in Wyoming in 1977 and then in Florida in 1982. However‚ LLCs
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Professional and Design Liability BE0892 Practice Specialisation Professional Liability Liability for injury‚ including bodily or personal injury or death‚ and property damage arising out of the negligent act or omission of a professional‚ ie‚ pharmacist‚ physician‚ attorney‚ architect‚ engineer‚ in performance of their professional activities. How can liability arise? Contract Tort Statute and regulations e.g. Supply of Goods and Services Act‚ Building Regs. Express terms Implied terms
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ways‚ gun ownership liability is like that of automobile ownership. You drive your car as safely as possible to avoid accidents that can potentially cause injury or death to oneself‚ one’s family‚ or the public. You do your best to prevent theft of your car by locking it and storing it in a safe place such as your garage. You also take out auto insurance that protects you from its loss and its liability risks. Unfortunately‚ many car owners don’t actively think about liability coverage for their
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forms of business entities available‚ a recent one being limited liability partnerships (LLP)‚ created by the Limited Liability Partnership Act 2000 (LLPA). This act came into force on the 6th of April 2001. As‚ LLP’s have qualities similar to partnerships‚ they are seen as a hybrid between a partnership and a company. An LLP is a ‘corporate body’ with ‘separate legal personality’‚ distinct from its members. Members enjoy limited liability and are not jointly and severally liable for the debts of the
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The issue is whether the defendant Sykt Jebat can be held liable for the damages suffered by the plaintiffs‚ Sam‚ Jojo and Lan under the law of Occupiers’ Liability. Occupiers’ liability concerns injury caused to a plaintiff as a result of defective condition of the land‚ building and premises. In order to establish occupiers’ liability‚ the occupier must have a sufficient degree of control over the premise. Lord Denning in Wheat v Lacon & Co Ltd (1966) held that “whenever a person has a sufficient
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The Elements of Criminal Liability ACTUS REUS & MENS REA "Actus non facit reum nisi mens sit rea"‚ or "an act does not make a man guilty unless his mind be also guilty (Burgess‚ 2004‚ p.8)." In criminal law‚ for an individual to commit a crime‚ there must be present two elements. They are: Actus Reus (meaning guilty act or omission); and Mens Rea (meaning guilty mind). Actus Reus is the guilty act or omission in the commissioning of a crime. In short‚ it is what the offender does
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1.1 EXPLAIN HOW PRINCIPLES OF SUPPORT ARE APPLIED TO ENSURE THAT INDIVIDUALS ARE CARED FOR IN HEALTH AND SOCIAL CARE PRACTICE. Introduction The Health and Social care has many sections or Organisations that provide Healthcare services to people with special needs. Health and social care services use the Philosophy of Careto support vulnerable people by implementing their rights according to the right legislation and codes of practice. The legislation also provides way to protect the service users
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Explain the principle of the separation of powers found in the US Constitution. The separation of powers is the main underlying principle of the US Constitution whereby political power is distributed amongst the three branches of government – the legislature‚ the executive and the judiciary. The branches act both independently and interdependently. The idea was originally of French political thinker Baron de Montesquieu‚ it was then incorporated by the Founding Fathers into the 1787 codified document
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period. 5) Why is premium on the issue of debentures considered as a capital profit? Premium on the issue of debentures is considered a capital profit because it is not an income arising from the normal course of business operations. 85 6) Explain deep discount Bond When debentures are issued without interest rate and issue price is thereby discounted‚ the issue of debenture is said to have been made as deep
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