Legal Philosophy Positive Law Law as the Sovereign’s Command – John Austin * the subject of jurisprudence is positive law * law set by political superiors to political inferiors Command – a significance of desire In commands‚ unlike in other significations of desire‚ the one commanding has the power to inflict evil or harm upon the one commanded‚ once the command is ignored. Command and Duty are correlative terms (parang games lang‚ haha!) * wherever a duty lies‚ a command
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differences in legal personalities and responsibilities between different company types. Formalities and documents required for registering as a company Types of corporate bodies and their characteristics (public and private companies) Advise the best course of action 1.2. Terms of reference The purpose of this report is to advise Karl and Theo in which direction they should expand their business next. Karl and Theo are seeking advice on the different types of companies available and the legal responsibilities
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businesses. An opportunity to acquire government funding for a business venture is one to take advantage of and to put dreams into reality. The intent of this paper is to outline the three main forms of business organizations including the tax and legal implications as well as the accounting requirements for each structure. In addition‚ this paper proposes creating a small business of a women’s only gym while weighing in the advantages and disadvantages of the three types of business organizations
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THE COMMON PROBLEMS IN BUSINESS ARISING FROM SOLE PROPRIETORSHIP AND PARTNERSHIP AMONG BUSINESSMEN IN TAGUM CITY ____________________ A Research Paper Presented to the Faculty of the College Department ____________________ In Partial Fulfilment of the Requirements in English 2A ____________________ By: Maghanoy‚ Laira M. Luma-ad‚ Chriselle Mae P. Lumotos‚ Flora Mae D. Chapter 1 THE PROBLEM AND ITS SETTING Background of the Study Sole proprietorship and partnership
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disadvantages on a sole proprietorships business‚ such as unlimited liability-the risk of personal losses‚ limited financial resources‚ management difficulties‚ and overwhelming time commitment. The second kind of ownership is partnerships‚ a legal form of business with two or more owners. There are four majors advantages in this type of business‚ such as more financial resources‚ shared management skills and knowledge‚ longer survival and no special taxes. But there are also four majors disadvantages
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Canda‚ Lucille Ann Carreon‚ Joseph Valerian Timtim‚ Kimberly Loide Viernes‚ Gerald Paul Nature of Law Legal Positivism There are a lot of theorists who pioneered in the concept of Legal Positivism.But among them are two leading theorists who mainly contributed on this idea and further argued on each other’s respective opposite views. One of which is John Austin‚ who holds that legal positivism is the nature of law which deals with the existence and contents of law based on social facts and
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1956 ii. Judicial precedent/ common law - Fundamental principles of company law which are based on judicial precedent and applicable in Malaysia‚ includes: o Case: Solomon V Solomon & Co (1897)‚ principles of separate legal entity or personality o Case: Foss V Harbottle (1843)‚ principles of Proper plaintiff and majority rule o Case: Royal British Bank V Turquand (1855)‚ principle of indoor management rule iii. Common law‚ equity and acts of England
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organization. The first is the sole proprietorship‚ which is a business owned and operated by one person. The second is the partnership‚ which is a business jointly owned by two or more persons. The third is the corporation‚ which is recognized as a separate entity having all the rights of an individual. The proprietorship is the most common and most profitable form of business organization. The corporation is the largest and most visible. The most common form of business organization in the US is the sole
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Bibliography: ACRA. (2005‚ May). Retrieved February 5‚ 2012‚ from ACRA Legal Digest Issue 8: http://www.acra.gov.sg/NR/rdonlyres/4B52C6B6-E89B-4DC3-A72C-A9C4BC62AAAB/10278/ACRA_LDI_08.pdf Adrain. (2010). The company warehouse. Retrieved 2012‚ from The company warehouse: http://blog.thecompanywarehouse.co.uk/2010/03/01/advantages-and-disadvantages-of-partnership/
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Scenario of company limited by shares Joseph forms a company limited by shares which he representing a sole shareholder and sole director of the limited company while Germany has been employed as the secretary of the limited company. Joseph agrees to subscribe 2 shares in the company and he had made the full payment. During the business operations‚ the limited company earns profit initially. After few years‚ declines in demand of their products caused the company started to make severe losses and
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