CORPORATIONS LAW ASSIGNMENT 1 THE LEGAL CONCEPT OF AGENCY Part A INTRODUCTION The legal concept of agency plays an essential role under commercial transactions. This essay will first explain the definition of agency and methods of creating agency relationship‚ then the benefits and drawbacks of agency will be illustrated. Finally‚ there are two examples presenting formal and informal agency relationship. THE LEGAL CONCEPT OF AGENCY An agency refers to a legal relationship between agent and
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The incorporation of a company is an artificial person which exists as a separate legal personality. This separate personality means that the company is separate and distinct from its participants. The company needs to be treated like “any other independent person” with rights and liabilities‚ even if it is owned and managed by one man. It is capable of holding its own property and may sue or being sued in its own name. The company has perpetual succession which implies that it is able to carry on
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Unit 3 AOS 1‚ 2 & 3: AOS: Parliament and the citizen 1 Principles of the Australian parliamentary system: Representative government‚ responsible government and the separation of powers 1 Representative government Central to Democracy‚ because Government is formed by the political party with the majority of seats in the lower house‚ it represents the views and values of the majority of people. If the Government fails to represent the views of the majority adequately‚ the electoral
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Compare-Contrast Just and Legal The two words just and legal have been used interchangeably in today’s society and we have forgotten the extreme amount of separation between the two words’ meanings. I am going to reflect on the different meanings of what is just verses what is legal and why it is dangerous to define them as one and the same. Many similarities can be made between the two words’ meanings stemming from the fact that both pertain to the justice system and to the upholding of morality
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Healthcare and its Legal Challenges This paper will discuss the legal challenges within the health care industry. These topics will include the positive and negative changes that America is currently facing. These topics are closely related to the current events of our economy. First of all‚ what will universal health care cost us and what will we get from it? The costs of the future changes in the healthcare industry will cost roughly $2.6 trillion dollars over the next 10 years. Paying for
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LEGAL AID: CONSTITUTIONAL AND STATUTORY PROVISIONS To the poor the Courts are a maze‚ if he pleads there all his life‚ law is so lordly‚ and loath to end his case; without money paid in presents‚ law listeneth to few” - Piers Plowman The Constitution of India mandates the state to accord justice to all members of the society in all facets of human activity. Our national goal is to achieve justice - social‚ economic and political through the process of Rule of Law. Equal access to law for the rich
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Over the course of completing the simulation‚ which was designed to address international legal and ethical issues for a company‚ there were a number of things that can be taken for granted within the United States but is though upon differently in other countries. It was interesting to note that there are distinct issues that must be addressed in resolving legal disputes‚ especially in international transactions. One issue is that there needs to be a clause‚ written within the contract‚ which
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The legal system of Singapore Contants Introduction Legal history Common law and custom law Constitution Legislature Judiciary Specialities in Singapore legal system Self comments Conclusion *Note: I check the official webside‚ there is only Singapore legal system instead of Singapore’s legal system‚ so in my whole passage I use the word Singapore legal system. Introduction Singapore‚ a thriving city-state‚ overcomes the dearth of natural resources to become one of the juggernaut
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Legal fiction is a factious fact that is deemed as true under the law for purposes of legal‚ administrative or other expenditures (Black’s 2002). One example of a legal fiction in the U.S legal system is when a corporation is considered a person so pre-written laws will still apply to them and not have to be altered. Legal fiction ensures that the corporation is subjected to the same rights and rules that are drafted only to apply to people. There are two sides to this fiction they are that if the
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SCOTTISH LEGAL SYSTEM Contents Page Introduction Terms of Reference Procedure Findings Conclusion References/Bibliography Appendices Introduction: I. The role of the police in Scotland * The role of the procurator fiscal service in Scotland * The role of the Lord Advocate and the Crown Office * 1. Terms of Reference * Your first task is to investigate the role of the police. Answer the questions and attempt the exercise
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