The constitution is a unique expression of the country’s varied culture and history . Unlike the United Kingdom which has an unwritten constitution‚ Malaysia has a written constitution . It is the fundamental law from which the validity of all other law derives . If any law is in conflict with the Federal Constitution‚ the law is void to the extent of its inconsistency with the constitution . The Federal Constitution establishes a constitutional monarchy and a federal system of government . The
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Commercial Law Questions 1 What is meant by the terms "void" and "Voidable"- give examples quoting relevant case law. Void = is where there is no contract and never did exist in the first place‚ and a third party has no rights at all under a void contract. Case law: J Loudon & Co v Elder’s Curator Bonis. Voidable = is where a contract is valid until the court sets it aside‚ and a third party has good title if contracted before the contract being set aside or reduced by the courts. (The timing
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Capital adequacy ratio (CAR) also called Capital to Risk (Weighted) Assets Ratio (CRAR)[1]‚ is a ratio of a bank’s capital to its risk. National regulators track a bank’s CAR to ensure that it can absorb a reasonable amount of loss [2] and are complying with their statutory Capital requirements. Capital (Finance) In a fundamental sense‚ capital consists of anything that can enhance a person’s power to perform economically useful work. A stone or an arrow is a capital for a caveman who can
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Commercial and Investment Banking Name: Course: Instructor’s Name: Date: Q 1. GENERAL PRINCIPLES OF BANK MANAGEMENT The general principles of bank management include; Liquidity management- involves maintaining asset that can be easily converted into cash. The cash serves the purpose of depositor withdrawal either from checking or savings account or checks written by the depositor to other banks. Liquidity management make sure cash is available upon
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Chinese Commercial Law (MLM 703) Trimester 3‚ 2008 ..... Assignment 1 Table Content: | | |tABLE OF cONTENT………………………………..…....……........………2 | |aBBRIVIATIONS USED IN sTUDY..……………………………….......... 3 | |eXECUTIVE
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Contracts (C3‚ pg 58) |Nature of contract |- Legal relationship consisting of the right and promises constituting an agreement between the parties that give each party a legal | | |duty to the other and also the right to seek for breach of those duties | | |- Consensus ad idem (meeting of minds); what the parties agree on must be clear and unambiguous and parties must be ad idem. |
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of companies ▪ Kinds of companies CO-OPERATIVE SOCIETY ▪ Meaning ▪ Features ▪ Merits ▪ Demerits ▪ Rights ▪ Duties ▪ Powers & functions ▪ Suitability ________________________________________________ FORMS OF COMMERCIAL ORGANISATION SOLE TRADING CONCERN I.Meaning A Business Organization which is owned and managed by a single person with or without the help of family members is called as sole trader or sole proprietor. The sole trading concern is run on
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OTHER AUTHORITIES ANILESHTEWARI B.A.LL.B(Hons) 4TH SEM Page | 1 TABLE OF CONTENT Introduction to OTHER AUTHORITIES with reference to Article 12. Brief synopsis of the term OTHER AUTHORITIES Other Authorities. Ajay Hasia Case. Some of the NON-STATUTORY BODIES which have been held to be ‘AUTHORITIES’ within the meaning of Article 12. The National Commission to Review The Working Of The Constitution 2002. Conclusion Page | 2 ACKNOWLEDGEMENT I would
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US Bank Wealth Management The Private Client Group If you have $100‚000 or more to invest. U.S. Bank has been providing trust services for generations. The Private Client Group offers a wide range of trust services‚ and our dedicated professionals are experienced in handling the complex financial and emotional issues of trust and estate administration. A Trust May Benefit You In Many Ways Many people accumulate wealth in their retirement accounts and own assets that‚ when added together‚ have
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The Importance of Commercial Crime Insurance Executive Summary The current economic pressures that society faces has resulted in a steady increase in commercial crime. Internal theft‚ deception and fraud are just some of the examples that can and have damaged many businesses reputations. In light of the recent scandals that have taken place‚ such as Enron and WorldCom‚ companies must now consider crime insurance as a vital survival tool. Recent reports state that nearly one in three organizations
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