formulated from the cases of Pacifica Shipping Co Ltd v Andersen[1](where Andersen [the director of Pacifica Shipping Company Limited] took a deferred opportunity of the company for himself) and Canadian Aero Service Ltd v O’Malley[2]. They were restated in Kawhia Offshore Services Limited v Rutherford[3] where Rutherford (the director of Kawhia Offshore Services Limited) took a maturing business opportunity for himself. Although Kawhia was unlikely to succeed in the opportunity‚ Rutherford owed
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following except for: A. price fixing B. allocation of markets C. standardization among trade association members D. concerted refusal to deal Reset Selection Question 9 of 20 5.0 Points The grant of a patent is a limited
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The Trader Definition of a Trader Section 4 of the Commercial Code – The term "trader" means any person who‚ by profession‚ exercises acts of trade in his own name‚ and includes any commercial partnership. The fact that a person is considered to be trader has certain consequences and brings about certain rights and obligations. The requirements for becoming a trader: 1. No formality such as registration. But A commercial partnership requires registration. Break down of
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UNIVERSITY OF ECONOMICS AND LAW FACULTY OF INTERNATIONAL ECONOMIC RELATIONS INTERNSHIP REPORT THE PROCESS OF IMPLEMENTING IMPORT CONTRACT AT BINHDINH PHARMACEUTICAL AND MEDICAL EQUIPMENT JOINT STOCK COMPANY Lecturer: Master Dao Thi Ngoc Student’s Name: Ton Quy Dong Student Code: K114020112 Class: K11402T Ho Chi Minh City‚ 08/2014 LECTURER’S EVALUATION Contents 1. AN OVERVIEW OF BIDIPHAR 2 1.1. Foundation and Development
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the risk for investors as even they may be liable if the restaurant should suddenly tank. Things like bills‚and lost wages can all come out of the investors pockets if the business should fail. The risk is high due to the investors liability. The Limited Liability Company or LLC LLC ’s work like joint-stocks in that they share profits in exchange for upfront investments. However In the event of LLC ’s If the restaurant goes bankrupt the creditors in this instance cannot seek restitution
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Contents EXECUTIVE SUMMARY I. Introduction 1 II. Body 2 A. Task 1 2 1. Available of financial sources with regards to i) Sole traders; ii) Partnerships; and iii) Limited companies 2 2. Assessment of the implications of different financial sources 3 3. Appropriate financial sources for each expansion stage – recommendations 4 B. Task 2 5 1. Analysis of cost of financial sources in case of Ltd 5 2. The importance of financial planning 6 3. Assessment of information needs of various
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Internship Report Customer Satisfaction: A Study on Bank Alfalah Limited Exam Roll: 020016 Internship Report on Customer Satisfaction: A Study on Bank Alfalah Limited Prepared For: Chairman Internship Placement Committee Prepared By: Exam Roll No.: 020016 Registration No.: 18122 4th Year‚ 8th Semester Batch No.: 12th‚ BBA Program Academic Session:
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ARTICLE OF ASSOCIATION Every company is required to file Articles of Association along with the Memorandum of Association with the Registrar at the time of its registration. Companies Act defines ‘Articles as Articles of Association of a company as originally framed or as altered from time to time in pursuance of any previous companies Acts. They also include‚ so far as they apply to the company‚ those in the Table A in Schedule I annexed to the Act or corresponding provisions in earlier Acts
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Chapter 6 1) Describe the basic features that distinguish the four basic forms of business ownership sole proprietorships‚ general partnerships‚ C corporations‚ and limited liability companies. =Sole proprietorships- owned by one person plus earnings and debts are the owner’s income and debt. =Partnerships- Two or more owners that take a voluntary agreement. =Corporations- a business entity created by filling a form. 2) Why do many entrepreneurs initially set up their businesses as sole proprietorships
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Chapter 18 Limited Liability Business Forms N.B.: TYPE indicates that a question is new‚ modified‚ or unchanged‚ as follows. N A question new to this edition of the Test Bank. + A question modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. true/false questions 1. A limited liability company is a citizen of every state of which their members are citizens. ANSWER: T PAGES: Section 1 TYPE: + BUSPROG: Analytic AICPA: BB-Legal
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