Directors’ duties in Australia are designed to promote good governance and ensure that directors act in the interests of the company – including putting the company’s interests ahead of their own (A Guide to Directors’ Duties and Responsibilities‚ 2008). In the case of OHS Solutions Pty. Ltd. in order to give advice it must first be known what are the duties and responsibilities of a director and officer. There are three sources of law in which directors’ duties are enforced: the common-law (judge made)
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PRINCIPAL OF MANAGEMENT REPORT MUHAMAD NOOR IZZAT BIN ISHNIN S9211556I BCOM24 MR DIPAN NO. WORDS: 1543 TABLE OF CONTENTS 1.0 Introduction 3 2.0 SWOT Analysis 3 3.0 Four Functions of Management 4 4.0 Conclusion
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an individual is an employee or independent contractor under the common law‚ the relationship of the worker and the business must be examined. All evidence of control and independence must be considered. In an employee-independent contractor determination‚ all information that provides evidence of the degree of control and degree of independence must be considered. Independent Contractor or EmployeeUnder federal and state laws‚ an independent contractor must be just that‚ independent. He or she must
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ACT NO. 2137 - THE WAREHOUSE RECEIPTS LAW I — THE ISSUE OF WAREHOUSE RECEIPTS Section 1. Persons who may issue receipts. — Warehouse receipts may be issued by any warehouseman. Sec. 2. Form of receipts; essential terms. — Warehouse receipts need not be in any particular form but every such receipt must embody within its written or printed terms: (a) The location of the warehouse where the goods are stored‚ (b) The date of the issue of the receipt‚ (c) The consecutive number of the receipt
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review the duties of directors under UK and US laws in takeover situations and how the courts interpret the decisions taken by directors to determine whether or not the interests of the company and its shareholders was paramount in arriving at their decision. B. ENGLISH LAW Under English Law‚ directors’ duties were traditionally governed by common law and equity and recently‚ have been codified under Part 10‚ Chapter 2 of Companies Act (CA 2006). These duties are based on the law of trusts
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Many people watch television as part of their everyday routine‚ and according to Kerry Ferris‚ in The Real World‚ “The average American watches between two to seven hours of television per day.” The television is a common agent of socialization and is used to depict many different identities and social statuses. After looking in depth at the messages we are all receiving from television shows; it is very obvious that television makes these messages appear to be “the norm.” I chose to take a closer
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In 1975‚ the Australian Government introduced the Family Law Act 1975 (Cth) in order to uphold a balance between spouses and de facto partners in regards to supporting and maintaining each parties legal rights. However‚ in recent years this legislation has caused growing disharmony between parental figures‚ with the rights of perspective fathers as well as existing ones‚ being neglected in the court of law. Major societal concerns have come to light in regard to a father’s legal rights under the
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------------------------------------------------- Foss v Harbottle Foss v Harbottle (1843) 67 ER 189 is a leading English precedent in corporate law. In any action in which a wrong is alleged to have been done to a company‚ the proper claimant is the company itself. This is known as "the rule in Foss v Harbottle"‚ and the several important exceptions that have been developed are often described as "exceptions to the rule in Foss v Harbottle". Amongst these is the ’derivative action’‚ which allows
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Contract Creation and Management Erica Ackerman University of Phoenix Online Business Law LAW 531 Laurie Wicker April 30‚ 2012 Contract Creation and Management Introduction A contract is a binding agreement between two or more mutual parties. When people enter into a contract‚ they must abide by every article of the contract or they are in danger of a lawsuit for breach of contract (Cheeseman‚ 2010). The author of this paper completed the contract creation and management simulation
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discuss. In Contracts‚ What is "Consideration"? In order for any contract to be enforceable‚ courts generally require three things: mutual assent (agreement to the contract terms)‚ a valid offer and acceptance‚ and consideration. Consideration in law is one of the three main building blocks of a contract. It can be anything of value‚ which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party offers consideration in contract‚ the agreement
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