Law duties and Statutory Law duties to exercise their powers in order to carry on one company. It is essential for officers and directors to impose the legal duties for purposes of minimizing wrongful or illegal behaviors’ risks. Briefly‚ the main fiduciary duties and statutory duties contains duty to act in good faith in the interests of the company‚ duty to act with due care‚ skill and diligence‚ duty to proper use of position‚ duty to proper use of information‚ duty not to allow the company to trade
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1. Partnership is the relation which subsists between persons carrying on a business in common with a view of profit‚ under s3 of the Partnership Ordinance (“PO”). Partnership Agreement Partnership agreement is essential for the partnership. An oral agreement is sufficient to create a partnership however it is advisable for the partnership be in a form of written agreement. S26 of the PO implies the rights of the partners and it can be regarded as a sample partnership agreement. They are: (1)
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liabilities. Certain financial advisors or planners must act as fiduciaries to their perspective clients. As discussed in class‚ there is a certain relationship regarding an agent and his principal. In my case‚ as a financial advisor I would act as the agent and my principal would be my clientele. Fiduciary‚ is the trust or loyalty I owe to my client‚ as an agent I am supposed to place my principals interests ahead of my own. Essentially a fiduciary relationship ensures that my client is given reasonable
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Assignment Cover Sheet 200336 Business Academic Skills School of Business Student last name: Le Student first name: Tri Student number: 17194248 Unit name and number: 200336 Business Academic Skills Workshop day: Tuesday Workshop time: 4:30pm Workshop room: EB.G.36 Workshop tutor: Eva Willmann de Donlea Title of assignment: Essay Length: 1000 words plus references Date due: Week 14 - Friday 30 May 400pm Online (Turnitin)
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controlled dangerous substances to the pharmacy (NO. 2011 CA 2244‚ 2012). ISSUES: 1. Did Twelde Drugs violate the provision of the provisions of the Louisiana Pharmacy Practice Act] and any compliance regulations? 2. Did Taddese Tewelde execute his fiduciary duties to verify the prescription by calling the office of the health care provider that issued the prescription? RULE: On August 24‚ 2011‚ LAC 46: Liii. 2747 B.4 was adopted by Louisiana Board of Pharmacy to remind Pharmacists if their corresponding
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1. Business Law – General a. Nexus of Contract Theory i. Business entities are a nexus of contracts where parties indirectly contract with each other by contracting with the fictitious legal entity 1. Advantages of using business entities a. Simplification of formation and management of contractual relationships b. Reduced transaction costs 2. Parties involved a. Suppliers of
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ones. Cowen (2004) wrote that since directors are agents of the company‚ they are accountable to shareholders and to stakeholders in various guises. It is also clear that as a custodian of something that does not belong them‚ directors owe a fiduciary duty of care to safeguard the company’s assets and maximize returns for shareholders and to ensure that the other stakeholders needs are met as well. The principle that a company is a legal entity by itself and separate from its shareholders‚ directors
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Suppose that party X is entering a contract involving the purchase of some goods with party Y and party X is well aware with some information on the goods in which party Y has no knowledge at all. The information on the goods may contain certain material facts in this situation in which it will either alter or trigger the final decision of party Y to either proceed with the contract or not. Does party X has the duty to disclose the material facts to party Y? To what extent and in what circumstances
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Analysis of Cafr 2011 of the City of Troy Abstract The City of Troy’s Comprehensive Annual Financial Report for 2011 is analyzed. It is content the evaluation of efficiency and effectiveness of the CAFR‚ comparison of the current year result and performance with the prior result and performance‚ assess of financial condition‚ assess of financial operations‚ compliance with the budget‚ and overview of Management Discussion and Analysis. Also discussed in this analysis‚ the auditor’s comments and recommendation
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The Need for a Policy Statement Portfolio Management Process * Manager should study current financial and economic conditions and forecast future trends a. The investor’s needs and financial market expectations will jointly determine investment strategy * Construct the portfolio b. Minimize the investor’s risks while meeting the needs specified in the policy statement * Continual monitoring of the investor’s needs and capital market conditions‚ and when necessary‚ updating
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