CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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Transfers in Contemplation of Death‚ Art. 728-731 ALEJANDRO V. GERALDEZ‚ 78 SCRA 245 (1977) FACTS: Petition for Review on Certiorari of the decisions of the CFI of Bulacan This is a case about donations inter vivos and mortis causa. The bone of contention is Lot No. 2502 of the Lolomboy Friar Lands Estate with an area of 5‚ 678 sq. meters‚ situated in Sta. Maria Bulacan. Sps. Gavino Diaz and Severa Mendoza executed a Deed of Donation in favor of their children‚ Olimpia‚ Angel‚ Andrea Diaz‚ and
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GENERAL ELECTRIC General Electric is a company who strives to put their best foot forward. For more then 120 years‚ General Electric has been number one in the products they sell. From airplane engines to light bulbs‚ their attitude has been admired not only in America‚ but worldwide. GE serves customers in more than 100 countries and employs more than 300‚000 people worldwide. After all GE has accomplished‚ including revenues of 152.4 billion dollars in 2004‚ the company still maintains
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MULTINATIONAL CORPORATION • Multinational entities have played a role in international trade for several centuries. • Multinational operations can be traced back several centuries to the British and Dutch trading companies. • After the above declined‚ the European overseas investments‚ mainly in the extractive industries dominated international trade. • The phenomenon as it is known today is the result of the lead taken by U.S. based companies in the post World War II period. Western
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Sony Corporation Introduction In an economy that thrives thoroughly on technology and progression itself‚ there are many companies that have taken advantage of the opportunities that have been offered to them through science. Due to continuous development in technology‚ companies are being able to find their path in success through competitive products and service. And one of the Company that would strike on peoples mind in no time while talking about information technological
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Methods of Technology Transfer There are many reasons that a company might want to expand its operations on an international level: growth‚ profitability‚ and local market saturation are just a few examples (Beamish‚ Morrison‚ Inkpen‚ & Rosenzweig‚ 2003). Because different types of companies have different priorities when they expand into global markets‚ it is important to choose an appropriate method of internationalization. The purpose of this paper is to discuss the benefits and challenges associated
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Remote Operated Home Appliances or Remote controlled Home appliances. Connect this circuit to any of your home appliances (lamp‚ fan‚ radio‚ etc) to make the appliance turn on/off from a TV‚ VCD‚ VCR‚ Air Conditioner or DVD remote control. The circuit can be activated from up to 10 meters. It is very easy to build and can be assembled on a veroboard or a general-purpose PCB. Circuit diagram: Figure:1 Remote Control For Home Appliances Figure 1 Remote Control For Home Appliances Parts:
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here was whether the contract was required to be in writing under the Statute of Frauds. The issue was whether there has been a transfer of interest in land (in which registration is compulsory) or whether it was a mere sale of timber. The Court held that it was a contract of sale and there had been acceptance of the agreement. It was not required to be in writing. Transfer of interest in land- when sale is of something which is to derive benefit from the land and to become altered by virtue of what
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A phase transfer catalyst or PTC in chemistry is a catalyst which facilitates the migration of a reactant in a heterogeneous system from one phase into another phase where reaction can take place. Ionic reactants are often soluble in an aqueous phase but insoluble in an organic phase unless the phase transfer catalyst is present. Phase transfer catalysis (also PTC) refers to the acceleration of the reaction by the phase transfer catalyst. Phase transfer catalysts for anion reactants are often
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and their competitive organizations set the prices for their industry. “Because of their “fewness‚” oligopolies have considerable control over their prices‚ but each must consider the possible reaction of rivals to its own pricing‚ output‚ and advertising decisions” (Brue et al‚ 2009). The two main competitors for the McDonald’s corporation are Burger King and Wendy’s. The pricing summaries for all three organizations are very similar. With prices fairly consistent‚ how are companies competing
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