Part A Question 1 Step 1 Identify the legal issue The legal issue is whether the element of agreement requires the formation of a valid contract. Step 2 Explain the principles of law relevant to that issue with reference to authority (cases and/or legislation) The element of an agreement is one of the three elements of a contract intention to be legally bound either in formal execution in a deed; or consideration. Agreements means a meeting of the minds on at least those essential
Premium Contract
Victoria Brock Professor Martin S. Varon BLAW 2200- Section 6 21 October 2014 To find your answers www.gabar.org/barrules/ethicsandprofessionalism/index.cfm1- What types of rules are the Georgia Rules of Professional conduct? Rules of reason 2- Should a lawyer abide by the client’s decisions in all matters of representation? Yes‚ a lawyer shall abide by the clients decisions in all matters. 3- What client information should a lawyer keep confidential and what is the maximum penalty for violating
Premium Lawyer Judge Law
information: s 157(2) Financial assistance to director-related companies: s163 Directors remuneration and benefits: s168‚169&172 Interested persons transactions: SGX Listing Manual Section 156 disclosures: s156(1)&(5) Duty to retain discretions Duty to avoid conflicts of interests Duty to use powers for a proper purpose Duty to act in good faith in the interests of the company Liability for fraudulent trading: s 340(1) General law Duties Loyalty and good faith THE DUTIES Care and
Premium Law Tort Tort law
DIRECTORS COLLEGE OF BUSINESS School of Accountancy BACHELOR OF BUSINESS STUDIES BACHELOR OF BUSINESS INFORMATION BACHELOR OF ACCOUNTANCY 155.203 Law of Business Organisations Semester 2 2008 Wellington Week 7 Lecture 2 21 DIRECTORS (1) 21.1 Who is a director? Section 126. gives an extended meaning to the term director in order that the persons who actually run the company are liable as such in law. 126 Meaning of “director” (1) In this Act‚ director‚ in relation to a company‚ includes— A
Premium Physical exercise Acts of the Apostles Supreme Court of the United States
THE LAW OF BUSINESS ORGANIZATIONS CHAPTER 4 – Piercing the Corporate Veil Minne B Berkey v Third Avenue Railway Company Overview: This is a New York Court of Appeals decision in 1926 adjudicated by the legendary Justice Cardozo. In this seminal case on ‘piercing the corporate veil’‚ the Court of Appeals finds in favor of the Defendant‚ Third Avenue Railway Company. The Court holds that Third Avenue‚ the parent company of Forty-second Street Company‚ which operated a rail line upon which the
Premium Corporation Subsidiary Appeal
buried most of the remains of his victims beneath the crawl space of his house. His confession shows that he knew what he did‚ and he knew it was wrong. Crazy or not‚ the crimes he committed were heinous‚ gruesome‚ violent‚ and against the freaking law. “After years of appeals‚ Gacy was eventually killed by lethal
Premium Capital punishment Crime Prison
corporation 2. Outline the development of company law in England and Australia 3. List the various types of corporation 4. Describe the Corporations Law scheme. 5. Outline the recent reform of company law in Australia 6. Explain the need for the introduction of the Corporations Act 2001 Chapter 1 Historical Development of Company Law Chapter Summary 1 THE CONCEPT OF THE CORPORATION A corporation is a body created by law‚ with its own legal status‚ and continues to
Premium Corporation Types of companies
Characteristics of a company -Companies are artificial entities with rights and liabilities separate from their shareholders or members -s119: company comes into existence as a body corporate at the beginning of the day on which it is registered with the name specified in its certificate of registration -This legal entity is separate from its members so assets of the company are not the assets of its members and contracts entered into by the company will create rights and liabilities that
Premium Corporation Subsidiary Holding company
What is the principle of majority rule? The constitution assumes the principle of majority rules and tries to protect from checks and balances. On the surface‚ the principles of majority rule and the protection of individual and minority rights would seem contradictory. In fact‚ however‚ these principles are twin pillars holding up the very foundation of what we mean by democratic government. Majority rule is a means for organizing government and deciding public issues; it is not another road to
Premium Democracy Human rights Tyranny of the majority
College Course: Company Law Intake 2 Weekend Assignment Naa Amerley Quaye (B12010042) QUES: Yentua Company Ltd. was incorporated on 10th June‚ 2010. Its objects are construction and civil engineering works. It now wants to obtain a certificate from the Registrar in order to start working. What information should it present to the Registrar before it can be issued with this certificate? There are legal rules governing the commencement of business Ghana. Incorporation
Premium Corporation Debt Stock