Business Law & Bankruptcy Assignment #4 Aquaman is president of a marine research company called Underwater Leagues‚ Inc. When his company conceived a dramatic new invention‚ he held off announcing the discovery until he bought 50‚000 shares of Underwater Leagues at $10 per share. After the announcement‚ the share price skyrocketed to $50 per share. The shareholders of Underwater Leagues‚ Inc. bring a derivative action suit against Aquaman claiming breach of fiduciary duty for violating 17 C.F.R. §240
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Business Law Assignment; Mistake in contract law‚ is a factual misunderstanding that may lead to a failure of a meeting of the minds. Unilateral mistake is mean that is only one party is mistaken‚ but the other party knows‚ or ought reasonably to be aware of the mistake. Contract may be void or voidable. Void is a contract that is no legal effect. While‚ voidable is an agreement that may be affirmed or rejected at the option of one of the party. The reason why Lord Denning took the view that these
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Question 1: Issue The issue of this question is whether Samuel willingly entered into a legitimate sale of goods contract with the shop in Orchard Road. Rule of Law The law on this issue is found in the common law and under stature law. In Preston Corporation Sdn Bhd v Edward Leong (1982)‚ an offer was defined as a willingness to be bound by the terms of an agreement. Therefore‚ it is clearly stated that Samuel is willingly and has agreed to enter into a contract by signing on a receipt
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that the risk in purchasing and ingesting this “study buddy” is far outweighed by the extreme focus and potentially high exam scores it may bring. It’s not that these students are ignorant of the law; it is quite the contrary. These situations are now so commonplace that today’s youth perceives the law to be a technicality in their search to find a means to an end. This pervading attitude should come as no surprise to most adults. For as long as human history has been recorded‚ drugs have defined
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Charles Law IA Temperature of Water (0c) +-20c | Volume of Gas (ml)+- 1ml | Total Volume(ml)+- 1ml | 17 | 0 | 250 | 27 | 10 | 260 | 37 | 21 | 271 | 47 | 29 | 279 | 57 | 36 | 286 | 67 | 43 | 293 | 77 | 51 | 301 | 87 | 57 | 307 | 97 | 68 | 318 | This was our original graph‚ it was before we made the trend line go back 311 points to find where the graph intercepts the X axis. As you can see there are little or no error or anomalies in this data and the R2 value came out to be
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secretary of a company. Before taking on the role‚ he or she needs to sign consent to act as secretary of the company and the company must keep the consent also which mentioned in s204C (Canberra 2012 pp. 252-254). CLERP changes to the Corporations Law do not have direct effect in relation to the role of the Company Secretary (Snorcha 2005). It allows proprietary companies not necessary to have a company secretary as a director can also act as a secretary. However‚ if it does have company secretary
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1. What is Criminal Law? Criminal law is that branch or division of law which defines crimes‚ treats of their nature‚ and provides for their punishment. 2. When did the RPC take effect? Art 1. Time when Act takes effect – This Code shall take effect on the first day of January‚ nineteen hundred and thirty two. (Jan. 1‚ 1932) 3. What are the sources of Phil. Criminal Law? a.) The RPC and its amendments b.) Special Penal Laws passed by the Phil Commission‚ Phil Assembly‚ Phil
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In Malaysia‚ our contract law is basically governed and enforced by the Contract Act 1950. The remedy of specific performance presupposes the existence of a valid contract between the parties to the controversy. The terms of the contract must be definite and certain. This is significant because equity cannot be expected to enforce either an invalid contract or one that is so vague in its terms that equity cannot determine exactly what it must order each party to perform. It would be unjust for a
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summaries of the statutes that are used in South Carolina‚ how often they are used‚ the success rate and what the critics think about this law. In today’s Justice System‚ more often than not criminals that get caught think the first thing and that is to plead insanity. Most offenders are repeat offenders. With the repeat offenders they seem to know the law and yet they still decide to break it and are amazed when they get caught. For the insanity plea it is normally used by the defendant‚ what
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[pic] UNIVERSITI TEKNOLOGI MARA DEPARTMENT OF LAW TEST 1 COURSE : BUSINESS LAW COURSE CODE : LAW 416 DATE : 17 OCTOBER 2012 (WEDNESDAY) TIME : 1 ½ HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of THREE QUESTIONS: Answer TWO (2) questions only (1 Question x 25 Marks = 25 Marks) 2. Do not bring any notes or reading material into the test hall. If you have ‘accidentally’ done so‚ please surrender the materials
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