Sole Proprietor (Pg 50 3-120) Individual Person Partnership (Pg 50 3-130) • Association of people (2 or more‚ not more than 20‚ except law & accounting firms) (CA 2001 Section 115‚ Pg 668) • Carrying on a business with a common view to profit Other Forms of Business (Pg 52‚ 3-140 3-160) Joint Ventures • Contractual agreement to conduct a particular venture or related ventures • Not a separate legal entity • Assets & obligations of the venture are the venturers personally • Parties not conducting
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Agency Partnerships and companies contract through agents. Partners can be agents of the partnership; directors agents of the company. Most cases agents have actual authority If no authority then ostensible authority may apply. Associations Not for profit for members. Types: Unincorporated > 2 members Liability to outsiders uncertain Incorporated >5 members Registered Members liability limited Associated can be sued Sole Trader One person owns business Take profit and bear
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that ”Ratio decidendi” depends on the current facts emphasized in the case and that “Obiter dicta’s” concept presents conclusions based on hypothetical situations. - The major legal issues The legal issues in this particular case are relied on the ASIC Act where a person becomes automatically disqualified from managing a corporation if the person is convicted of an offence that “involves dishonesty”. Accordingly‚ Mr. Schwartz has committed an offence by making (participating) decisions on behalf
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COMPANY LAW – EXAM NOTES Incorporation and Its Effects S117 - All companies must register with ASIC S118 – All companies must have a Number S119 – Once the company is registered with ASIC‚ the company has a separate legal existence. Separate Legal Entity The separate legal entity notion is shown in Salomon v Salomon where a company shareholder is limited to the amount of share capital they have contributed and they can not be held personally liable for the dealings of the company. This notion of
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D. Stone Synopsys‚ Inc Abstract This whitepaper is designed to provide a basic understanding of the main concepts of the DO-254 compliance specification for electronic component design. It outlines the major steps involved in a DO-254 compliant ASIC/FPGA design and verification process‚ and explains how differentiating tool features can be mapped to enhance and facilitate critical stages of the DO-254 process. Introduction As the amount and complexity of electronic content has grown in commercial
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Study of Consumer Buying Behavior regarding the different Brands of Mobile Handsets (Research Project Report) Submitted to:- University of Pune In Partial fulfillment of the requirement for the award of the Degree of Master in Marketing Management (2009-11) Under the supervision of:- Submitted by:- Mr. Ajit Borde Prashant Singh
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Directors’duties(dd): I.Duties of care and diligence:1whether is a director(d)?s9definesas:(a)appointed:(i)executive director(ii)alternative director(iii)non-executive director(iv)nominee director.(b) not validly appointed (i)they act in the position of a d (de facto d);(ii)d of coy or body are accustomed to act in accordance with the person’s instructions or wishes. (shadow d).2.duty of care and diligence:Assessing whether a breach has occurred:(i)were a reasonable d in the corp’s circumstances
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The cellular phone industry has evolved over a period of 20 years‚ from first generation to third generation mobiles. The inventions by mobile industry incorporate:First Generation (1G) -The first generation mobile phone refers to the mobile phones that were developed in the 1980s. Second Generation (2G) -GSM‚ CDMA and TDMA are the different protocols that brought the mobile phone into the second generation stage. The 2G was introduced to the market basically in the early 1990s. Second And a Half
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BUSN7050 Corporate Accounting Lecturer: Dr Sorin Daniliuc Course details • This course covers: – the characteristics of the Australian accounting environment and its financial reporting requirements for companies – accounting for owners’ equity (share capital and reserves) – accounting for liabilities (debentures) – accounting for income tax – accounting for leases – accounting for non-current assets (revaluation‚ impairment)‚ – accounting for intangible assets – a comprehensive
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of technological innovations and growth started in Northern Europe‚ the U.S and Japan and has thereafter spread to many other parts of the world. Core technologies and R&D functions are spreading to new locations as the firms in the lead (Nokia‚ Motorola‚ Samsung‚ SonyEricsson and Siemens) have developed global sourcing and production systems. The markets for final products and services are global as well. China is one of the new key markets for growth when the first-mover markets have reached a
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