Research Paper: The law laid down in Soloman v. Soloman and Co. is often considered the source on the basis of which the jurisprudence of corporate personality has been written world over. However‚ the history of corporate-commercial litigation has witnessed situations where in the Courts have gone beyond the corporate cloak and analyzed the working and the motives of the members or directors of the company: In doing the same‚ the Courts have evolved the concept of lifting or piercing the
Premium Corporation Company
The continuance of misrepresentation of services with incorrect CPT codes‚ billing services not rendered‚ altering claim forms for higher payments‚ falsification of information on forms‚ misrepresentation of services that was not performed or the type of service‚ billing for not supplies used‚ and providing medical services that are not needed these performances
Premium Health care Medicine Policy
INTRODUCTION Law of tort dominates civil conduct in all aspects of life and numerous of violations of duties are all distinctly set. It provides remedies for certain civil wrongs that have not been arisen from the contractual duties. Under tort law‚ whether it is an intentional act or accident‚ the injured victim (plaintiff) may be capable to recover damages from the person that liable for the harmed caused (defendant). Negligence is the most significant and developed category of tort in terms
Premium Tort Negligence Duty of care
generated the creation of the Sarbanes-Oxley Act. The Enron scandal led to the company filing bankruptcy in 2001 (Seeger 2003). Eron had very complex financial statements that were confusing to shareholders. Their accounting practices lead to misrepresentation of earnings and balance sheets that indicated good performance. WorldCom was a leader in telecommunications. In June 2002‚ an internal audit found $3.8 billion in fraud (Doward 2002). The accounting department was underreporting costs and
Premium Enron
manager. Amal the friend of Bushra can sue the store manager but like the case of Redgrave v Hurd where Hurd was on fault‚ here also Amal can be on fault for not checking the product properly before purchasing. Therefore looking at this Fraudulent Misrepresentation there is no genuineness of
Premium Contract Contract
LAW Introduction What is law? Law is a set of rules to govern the conduct of people in a civilized society. Everyone must abide the same rules. Today we live in a complex society and laws are more complex and sophisticated. Criminal law and civil law A crime is a offense against the state.To prevent our society against antisocial behavior criminal law is created‚ the police enforce these criminal laws. Then society will prosecute that person for that crime. Other crimes involve other enforcement
Premium Law Crime Criminal law
Detrimental Reliance Detrimental Reliance occurs when someone takes action or fails to take action because of what appeared to be a promise made by another individual‚ without knowing if true or untrue. It is very similar to Promissory Estoppel in that the other party is "estopped" or legally prevented from denying liability‚ even though no formal contract was formed‚ because of its promise. An estoppel by representation [of fact] will arise between A and B if the following elements are made
Premium Contract 1989
28/11/2013 Contents Elements of a Contract There are different elements of a contract that you must take into account when entering one. The following will give an understanding of these and explain their importance. Capacity There are four essential elements that affect contract law. The first of these is capacity. This element states that parties in agreement with a contract must have the legal capacity to enter into that contract. There are factors that affect the capacity
Premium Contract
Fraud is generally defined as an omission of a material fact or a misrepresentation of the truth‚ intended for personal gain or to cause loss to another party. The act of fraud is most commonly committed in order to deprive another of money‚ property‚ or a legal right. Fraud is considered criminal activity‚ and anyone who is affected by a fraudulent act has the ability to file a lawsuit to collect damages. J.C. Penny was accused of marking up the prices on their products and then discounting them
Premium Ethics Fraud Morality
alone led to many other problems within the company. The CEO’s growth strategy and desire to quickly grow the company put immense pressure on all other companies and senior management to somehow meet the CEO’s expectation. It all resulted into fraudulent activities and ultimately disaster of great company. I recommend adopting changes to incentive plans‚ non-financial factors be part of success criteria. In measuring financial success‚ working capital ratio‚ inventory days‚ receivable and payable
Premium Management Balance sheet Auditing