CONSEQUENCES OF INCORPORATION 1. What is meant by separate legal entity & the corporate veil? 2. When will the corporate veil be lifted (ie. shareholders held to BE the corporation)? a. Fraud b. Agency c. Groups d. Tort How does a comp become separate legal entity? • Comp become SLE on date of certificate of registration and approval with ASIC: s119 CA • Effect: become SLE or “legal person” with legal capacity/powers of corporation: s124 Corporate Veil & Separate
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School bullying may affect students including victims and bullies. It has short and long term consequence that will affect their personality or even their future. Victims Firstly‚ victims who are being bullied may experience many immediate mental or physical health-related consequences. There is a studies show that victims have more psychological stress such as anxiety‚ sadness‚ low-esteem‚ sleep difficulties‚ headaches‚ stomach pain and general tension then their peers who are not being bullied
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Cases under the law of mistake can be divided into common‚ mutual and unilateral mistake; however this discussion is based on unilateral mistake‚ as Stephen Graw said: “Operative unilateral mistake occurs when only one party in the contract is mistaken‚ the other party is or should be aware of that mistake and yet he purports to proceed with the agreement anyway.” Cases under unilateral mistake can be divided into three categories: Firstly mistaken identity‚ secondly mistake as to the terms of a contract
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In brief: Mistake vs Misrepresentation • A mistake is inadvertent and only an error on the part of the person committing it while misrepresentation is often wilful or intentional‚ done with the intention of gaining wrongfully. The main difference between Mistake and Misrepresentation is that in the case of Mistake one or both parties to a contract or what was intended to be a contract unintentionally or unknowingly made statements not intended to mislead the other. Therefore fraud cannot be
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Introduction: Management has become more and more important throughout the years‚ as companies grow bigger and multinational‚ leading to more people working in the companies and more ethical issues arising. Responsible management relates to ‘doing things right’‚ essentially maintaining efficiency. Effectiveness is the foundation of success‚ whilst efficiency is a condition of survival after success; Effectiveness is ‘doing the right things’ (Drucker‚ 1995‚ p.33). Studies have
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There are many people in “Romeo and Juliet” who attributed to their deaths. The first person to blame is Friar Lawrence because he trusted somebody else to deliver the message. The second to blame is Friar John because he was supposed to send the letter to Romeo stating that Juliet was not actually dead. The third person to blame is Tybalt was an angry person who fueled the events that happened.As a result‚ Romeo and Juliet would have maybe had a chance to live happy ever after if it wasn’t for
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Essay Question In the Catholic tradition why is baptism considered necessary for salvation? (In this essay you will need to explain the doctrine of original sin and how baptism is the sole way of overcoming the effects of original sin.) Holy Baptism is the basis of the whole Christian life‚ the gateway to life in the Spirit‚ and the door‚ which gives access to the other sacraments. Through Baptism we are freed from sin and reborn as sons of God; we become members of Christ‚ are incorporated
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CASE STUDY: Doing The Dirty Work Business magazines and newspapers regularly publish articles about the changing nature of work in the United States and about how many jobs are being changed. Indeed‚ because so much has been made of the shift toward service-sector and professional jobs‚ many people assumed that the number of unpleasant an undesirable jobs has declined. In fact‚ nothing could be further from the truth. Millions of Americans work in gleaming air-conditioned facilities‚ but many
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Is Homework Really Necessary? Where is your pencil! Get your books out now! Stop mucking around! Get on the table this instant! Do you recognise this? This is just an average day of my life with my parents when I have to finish my homework. Is homework really necessary? I do not think so. Homework is just hours and hours of late nights that ruin your social life and sporting activity.
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play is about two young teenagers who fall in love with each other‚ Romeo and Juliet. They come from two different families though‚ Montague’s and Capulet’s. These two families are enemies and they do not want Romeo and Juliet to get married. Friar Laurence tries to help them to get married but because of his mistakes‚ he is to blame for the tragic outcome between Romeo and Juliet. Friar Laurence wanted to marry them to help them but also so he could end the civil feud between the Montague’s and Capulet’s
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