enterprise. The LGUs are encouraged either to reduce the amount of local taxes‚ fees and charges imposed or to exempt BMBEs from local taxes‚ fees and charges. Section 8. Exemption from the Coverage of the Minimum Wage Law – The BMBEs shall be exempt from the coverage of the Minimum Wage Law: Provided‚ That all employees covered under this Act shall be entitled to the same benefits given to any regular employee such as social security and healthcare benefits. Section 9. Credit Delivery – upon the approval
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The Nature of Insurance came about to offset any loss that an individual or those engaged in business may suffer through the occurrence of some unforeseen event. To offset this loss the commercial world developed the contract of insurance. In return for a fee the individual‚ or the business enterprise‚ would be indemnified for the loss suffered on the occurrence of the event insured against. Contracts of insurance cover a wide field such as life assurance‚ personal accident public liability‚ damage
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Law 12 2012/2013 Criminal Quiz Summary Notes CRIMINAL LAW I know it’s illegal‚ but is it a crime? Many things are illegal: jay-walking‚ speeding‚ or setting up a clothes line outside to dry your laundry (in West Vancouver)‚ but they aren’t necessarily crimes. What then makes something a crime? Criminal Law Criminal law deals with offences committed against society (often these appear to be against individuals). The purpose of criminal law is to keep order in society and deter the committing
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ADMINISTRATIVE LAW ASSIGNMENT – I RULE OF LAW IN INDIA ARUSHI LOHIA R.NO – 013 DIVISION – A E-MAIL – Arushi.lohia@symlaw.ac.in Rule of Law Aristotle said two thousand years ago‚ “The rule of law is better than that of any individuals”. The rule of law is a system of rules and rights that enables fair functioning of the societies. The World Justice Project‚ an initiative of the United Nations defines this system as one in which the following four principles are upheld1: 1. The Government and
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show why I agree with the statement. The reason as to why Contract law exists is because it is there to make sure people keep their promises to one another. A contract is made up of a promise of one party to do a certain thing in exchange for a promise from the other party to do another thing. The law will enforce on them if either party breaks away from the promise‚ as promises are what contracts are all about. Contract law is based on several Latin legal principles‚ the most important of which
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The Role of Law LAW/421 August 6‚ 2012 Michael S. Green The Role of Law Laws are “the body of rules or principles‚ prescribed by authority or established by custom‚ that a state‚ community‚ society‚ or other group recognizes as binding on its members” (Ferguson Publishing‚ 1999‚ p. 105). The purposes of laws are to maintain peace and order‚ to define the rights of citizens‚ to secure justice‚ to harmonize conflicting interests‚ and to provide means for punishing wrongdoers. Laws are applied
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Tort Law Tort laws are laws that usually involve state law and civil suits. State law are based on the legal premise that individuals are liable for the consequences of their conduct if it results in injury to others while civil suits are actions brought to protect an individual ’s private rights. A body of rights‚ obligations‚ and remedies that is applied by courts in civil proceedings to provide relief for persons who have suffered harm from the wrongful acts of others (Tort Law‚ 2013).
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Do you think mistakes are only to make your life miserable? Mistakes are not always bad‚ they make us be stronger in the future and let better things occur in our lives. I always thought that by doing something bad‚ it will make us regret our lives and our past; that it will make us be ashamed of ourselves but I now realize that it shouldn’t be that way. Mistakes are like levels in a game‚ you may be able to pass them without getting harmed and they will teach you something new so next time it comes
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INTRODUCTION TO BUSINESS LAW The Law of Tort Core Reading: Lucy Jones‚ Introduction to Business Law (Oxford University Press‚ 2011). Chapter 11 on The Tort of Negligence (Refer to pages 340 – 374). Please note that we ARE NOT going through every single areas in relation to negligence. For instance‚ the area on nervous shock. Aims and Objectives: - To enable students to appreciate the general law of tort‚ especially the concept of negligence; To understand how this area applies
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Business Law 1 Mid Term Teshvinder Singh Chopra SEGi University College: American Degree Program 2 July 2010 Accordingly‚ as with the situation‚ Tim has sustained injuries from the incident. The person at fault for Tim ’s condition is surely Danny‚ as he had parked his car illegally‚ which definitely breaking the rules‚ and he as well forgotten to engage the parking brake. This caused the car to roll back and eventually hits an electric wire and the sparks from the ignition of the electric
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