authority or grant by the government. It can only be allowed to exist for lawful purposes only. 3. Power of succession – It can continue to exit‚ despite the death‚ withdrawal‚ insolvency‚ or incapacity of the members or stockholders. The shares of stock‚ as evidence of ownership in a corporation‚ can be transferred from one person to another. 4. Powers‚ attributes‚ and properties – It can only exercise powers that is expressly authorised to perform in accordance with the Corporation Code‚ its
Premium Corporations law Stock Corporation
1. Joint venture between TCL and Alcatel In 2004‚ TCL Technology Holdings Limited‚ a multinational electronics conglomerate from Huizhou‚ China entered into a mobile phone manufacturing Joint Venture with Alcatel‚ a global corporation in telecommunication equipments‚ services and applications from Paris‚ France‚ in a bid to foray into the global market. The joint venture company - TCL and Alcatel Mobile Phones Ltd (TAMP) - managed research and development (R&D)‚ sales and distribution of mobile
Premium Culture Joint venture China
Case Study Vicarious Liability Introduction Under the English Common Law‚ Vicarious liability is a principle of the tort laws. The law imposes liability of employees and agents to their employers. Under this law‚ the liability of any tort committed by an employee that falls under the scope of his duties to the employer is transferred to the employer. This includes both the intentional and unintentional torts. The inclusion of the intentional torts came in to effect after the ruling in the case
Premium Management Strategic management Organization
of a Partnership Explain the effects of the entries to record the liquidation of a partnership. Liquidation of a business involves selling the assets of the firm‚ paying liabilities‚ and distributing any remaining assets. Liquidation may result from the sale of the business by mutual agreement of the partners‚ from the death of a partner‚ or from bankruptcy. Partnership liquidation ends both the legal and economic life of the entity. From an accounting standpoint‚ the partnership should
Premium Balance sheet Liability Generally Accepted Accounting Principles
LIABILITIES OF THE DIRECTORS By: Course: Instructor: University‚ City‚ State: Date: LIABILITIES OF THE DIRECTORS A company is usually established by individuals or Directors (officers included) in this case so as to run it in appropriate manner in order to make maximum profits. For this to happen‚ it is for the company (Pandora Diamonds and Gems Pty Ltd in our case) to enter or make contracts with outsiders like Kaplan Bank Ltd and Space Solutions Pty
Premium Corporation Law
The case of “The Sole Remaining Supplier” deliberates between what is more important‚ a human beings life or financial loss. During the year 1975‚ doctors across the nation started to implant a new and promising medical technology called pacemakers. It was in its early years; therefore‚ cardiology doctors did not possess the advanced skills needed to install such equipment. A patient’s heartbeat depended solely on these units to survive; however‚ a malfunction from such unit would cause a patient
Premium Utilitarianism Medical device Utility
Articulations or Joints • Articulation or Joint – Place where two bones (or bone and cartilage) come together – Can be freely movable‚ have limited‚ or no apparent movement – Structure correlated with movement • Naming Joints – According to bones or parts united at joint- temporomandibular – According to only one of articulating bones- humeral – By Latin equivalent of common name- cubital 8-2 Classes of Joints • Structural: based on major connective tissue type that binds
Premium Knee
longest-tenured chief executive officer‚ on a simple concept: that by selling computer systems directly to customers‚ Dell could best understand their needs and efficiently provide the most effective computing solutions to meet those needs. This direct business model eliminates retailers that add unnecessary time and cost‚ or can diminish Dell’s understanding of customer expectations. The direct model allows the company to build every system to order and offer customers powerful‚ richly-configured systems
Premium Personal computer Economics Dell
Partnerships Strategy & Guidelines 2008 Partnerships Strategy & Guidelines 2008 Front Cover: Dr Dennis P Garrity‚ Director General‚ World Agroforestry Centre (left) and Prof. Silas Lwakabamba‚ Rector‚ National University of Rwanda after signing an MoU Back Cover: Dr Kenji Iiyama‚ President‚ Japan International Research Centre for Agricultural Sciences (second left) during a visit to World Agroforestry Centre Section A PARTNERSHIP STRATEGY 1. Background ............................
Premium Research Contract Memorandum of understanding
The European Accounting Review 2000‚ 9:3‚ 371 385 Auditor liability rules under imperfect information and costly litigation: the welfare-increasing eŒ of liability ect insurance Ralf Ewert‚ Eberhard Feess and Martin Nell University of Frankfurt‚ Frankfurt am Main ABSTRACT This paper examines auditor liability rules under imperfect information‚ costly litigation and risk-averse auditors. A negligence rule fails in such a setting‚ because in equilibrium auditors will deviate with positive probability
Premium Insurance Risk aversion