7 2. International Organisations 11 3. International Commercial Arbitration 16 4. Contracts for International Sale of Goods 18 5. Agency 24 6. Partnerships 27 7. Company Formation and Financing 30 8. Company Administration 39 9. Company Liquidation 47 10. Fraudulent Behaviour 52 ExPress Notes ACCA F4 (GLO) Corporate and Business Law Page | 3 © 2012 The ExP Group. Individuals may reproduce this material if it is for their own private study use only. Reproduction by any means for any other
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terms of the contract are standardized and established beforehand‚ except for the price‚ which is determined by open outcry in a pit or ring on the exchange trading floor of a commodity exchange. All contracts ultimately are settled either through liquidation (by offsetting purchases or sales) or by the delivery of the actual‚ underlying physical commodity. Delivery occurs in less than I percent of all contracts traded‚ however‚ as futures contracts are used primarily as financial instruments rather
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COMPANY AS A SEPARATE LEGAL ENTITY Definition: A legal entity‚ typically a business‚ that is defined as detached from another business or individual with respect to accountability. A separate legal entity may be set up in the case of a corporation or a limited liability company‚ to separate the actions of the entity from those of the individual or other company. Meaning: If a business is a separate legal entity‚ it means it has some of the same rights in law as a person. It is‚ for example
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pages. It was intended to decrease various risks in the U.S. The act established a number of new government agencies to supervise over various components of the financial system. There are so many provisions‚ such as financial stability‚ orderly liquidation authority‚ transfer of power to comptrollers‚ FDIC and Fed‚ Hedge funds‚ insurance‚ pay it back Act‚ and Etc‚ which contribute to better department and regulations. The one of the reasons of this act is to protect borrowers and clients with rules
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Oskar Schindler‚ a unique and unlikely hero during the Holocaust‚ was able to save the lives of many innocent Jews by risking his own life. Oskar Schindler saved over 1‚200 lives over the course of World War II. Through out his life‚ Oskar had failed multiple times in the business world‚ but in 1939 he finally found success. Schindler saved the thousands of Jews by getting involved with the German Nazis and risking his life. Oskar Schindler was born on April 28‚ 1908 in Svitavy‚ Moravia into
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Jenny vs. Angie and Richard Part A: 1. Introduction to the case Following notations are used for simplicity of explanation: Hereafter‚ Jenny will be referred to as the Plaintiff; Angie to be referred to as defendant 1; Richard to be referred to as defendant 2. The plaintiff here received some money as a result of a golden-handshake after deciding to retire. The total sum of which is $500‚ 000‚ which she intends to invest in real-estate. Upon being approached by defendant 1 with a proposal of "Sure-thing
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CHAPTER 1: BUSINESS ORGANIZATIONS 1. What are three types of business organizations? i. Sole Proprietorship - One man is in business for himself - No special rules governing sole proprietorship‚ - Treated no differently from anyone else at law - Use own to resources to provide skill‚ labor‚ capital‚ and other resources to run the business - Unlimited liabilities - Registered under Registration of Business Act 1956
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earthquake causing millions to rebuild. (NATURAL) One natural implication was Liquefaction . It causes damage to the ground because the soil mass decreases in volume.As a result of liquefaction‚ the ground surface may subside. In Christchurch Liquidation is occurring mainly around the Avon River ‚ it is spread over an area of about 7 by 7 kilometres . Buildings‚ bridges and sewage pipes have been damaged as a result . This is dangerous to Christchurch residents because (NATURAL) One effect
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the ‘Salomon’ principle. The facts of this case were that the owner of a business sold it to a company he had formed‚ in return for fully paid-up shares to himself and members of his family‚ and secured debentures. When the company went into liquidation‚ the owner‚ because of the ownership of the debentures‚ won his claim to be paid off in priority to other creditors‚ as the secured debt ranked at a higher priority to those debts and successfully proved that he did not have to indemnify the company
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initial investment outlay compromising of cash expenditures‚ working capital‚ cash flow from sales and investments on tax credits. Also the operating cash flow from net revenue of expenses and tax liabilities along with salvage value; meaning the liquidation of sales of an investment from a business not sustainable. What is the project’s initial outlay? Ans: The projects initial outlay is the cost of new plant and equipment which is $7‚900‚000 plus shipping and installation which is $100‚000 which
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