The Joint Stock Companies Act 1844‚ which enabled companies to be formed by "deed of settlement" and the Limited Liability Act 1855‚ established a general incorporation procedure which offered limited liability to shareholders and gave recognition to the company as a separate legal persona. By the Joint Stock Companies Act 1856‚ the deed was replaced with today’s style of constitution‚ namely the registration of the Memorandum of Association and the Articles of Association. The contents of these
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With case examples‚ explain what is meant by the terms offer and acceptance‚ in reference to English Law. 1. The terms offer and acceptance are terms most commonly found in contact law. An offer makes up the first part of a contract‚ it is imperative that the offer is definite. The term offer is defined by Treitel as: ’...an expression of willingness to contract on specified terms‚ made with the intention that it is to become binding as soon as it is accepted by the person to whom it is
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Henry Mayhew 5 III. 1900-1950 6 IV. Reasons for the change in attitude 7 Writings on poverty 7 Britain’s realisation 7 Extension of the right to vote 8 Spread of socialism 8 Trade unionism 8 Emergence of the Labour Party 8 V. Conclusion 9 VI. Bibliography 9 This research paper will analyse how English conceptions of poverty changed through the time frame 1850-1950 ‚why it changed and some of the authors who contributed to this change. To explain more clearly the ideas‚ events
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Indian Contract Act 1872 Indian Contract Act 1872 is the main source of law regulating contracts in Indian law‚ as subsequently amended. It determines the circumstances in which promise made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some right and duties upon the contracting parties. Indian contract deals with the enforcement of these rights and duties upon the parties. The
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elements of a contract. Consideration is something of value in a contract or agreement between two parties. Both parties must be providing something of value to the other party. It is an act or promise to do (or not to do) something in return for value and the value given is enforceable. All the law need is ‘valuable consideration ’. For example‚ if Jack has offered to pay S$10 for a hammer worth S$100‚ that is considered valuable consideration. There are three types of consideration in law: executory
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law of contractWeather contract between Cheff Reez and Marimar Hotel is void. Principle Offer S.2(a) when a person signifies his willingness to do or abstain from doing anything‚ with a view to obtain the assent of that other to the act of abstinence‚ he said to make a proposal. Acceptance S.2(b) when the person to whom the proposal is made signifies his assent thereto‚the proposal is said to be accepted. A proposal when accepted ‚becomes promise. S.7(b) In order to convert a proposal
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BUSINESS LAW ASSIGNMENT ------------------------------------------------- “To create a binding agreement the acceptance must occur‚ and that ‘acceptance’ must be final and absolutely unconditional. This is clear under Australian contract law.” ------------------------------------------------- ------------------------------------------------- Discuss the accuracy of this statement. In order to discuss the accuracy of this statement we must first understand the concept of ‘acceptance’.
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Individual Compulsory Assignment Business Law - December 2013/January 2014 This paper is available on Fronter Friday 20th December 2013 at 08.05. Your answer must be uploaded on Fronter by Monday 6th January 2014 at 23.55 Danish time. All questions must be answered with references to relevant Acts and section numbers – remember to use legal argumentation. A story about the Petersen family and the car dealer “Walter Auto” The Petersen family‚ consisting of parents Carol and Christian
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The respondent is unable to justify the violations of Section 8 and 10 of the canadian charter of rights and freedoms (charter) with regards to section 24 (2) of the charter. Section 24 (2) states that where in proceedings under section (1)‚ a court concludes that evidence was obtained in a manner that did not infringe or deny any rights of freedoms guaranteed by the charter‚ the evidence shall not be excluded if it is established that‚ having regard to all the circumstances‚ the admission of it
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The Law of Directors Duties The law of Directors Duties stems from the systems of corporate governance in order to ensure that the persons occupying higher positions within the company will take good care of the company‚ as well as not act in a way that will create deficiency. There are 3 sources to the legal duties: the common law; the principles of equitable fiduciary duties; and the statutory duties stated under the Corporation Act section 180-183(Harris‚J.‚ 2008). The penalties of breach
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