Every partner has some rights in the partnership firm and in the same manner; each partner is liable jointly and severally for all the acts of the firm done by him while he is a partner in a partnership firm. The firm is liable to the same extent as the partner‚ for the loss or injury caused to any third party or any penalty is incurred‚ by his wrongful act or omission of a partner acting in the ordinary course of a business of the firm or with the authority of his partners. When a firm acting
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LAWS OF KENYA BANKRUPTCY ACT CHAPTER 53 Revised Edition 2012 [2010] Published by the National Council for Law Reporting with the Authority of the Attorney-General www.kenyalaw.org [Rev. 2012] Bankruptcy CAP. 53 CHAPTER 53 BANKRUPTCY ACT ARRANGEMENT OF SECTIONS PART I – PRELIMINARY Section 1. 2. Short title. Interpretation. PART II – PROCEEDINGS FROM ACT OF BANKRUPTCY TO DISCHARGE Acts of Bankruptcy 3. 4. Acts of bankruptcy. Bankruptcy notices. Receiving
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The Legal Features of Sole Proprietorship‚ Partnership and Corporation Submitted by: Darius Immanuel D. Guerrero BAP 3A February 28‚ 2012 Sole Proprietorship A sole proprietorship is a business entity that is totally inseparable from its single owner. The law treats the business and the owner as the same. Because of this‚ all liabilities are taken for the owner. The owner does not pay income tax separately for the business‚ but reports the business income or losses on his/her individual income
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Rupert is the partnership relationship or not ‚first we need to define what is the partnership? A partnership is the relationship between persons who carry on a business together in common with the view of making a profit. First of all we should consider‚ Is there any valid agreement between the parties? In this case‚ Jason‚ Tom and Rupert have no partnership agreement. The partnership agreement can be oral but it is recommendable to put the agreement in writing because a partnership is a contractual
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WORKING IN PARTNERSHIP (H2) Unit 5 Table of Contents Task 1: Explain the concepts of partnership in a range of health and social care services Explain the concept of partnership Page 3 Investigate partnership relationships across a range of health and social care services Page 5/6 Task 2: Review existing practices of partnership at service user‚ professional and organisational level Research developments in working in partnership for a range of different
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The Trans-Pacific Partnership Agreement (TPPA) is the biggest trade agreement in history‚ making up about 40 percent of the global economy with a projection of almost $30 trillion. Other than being the biggest trade agreement‚ TPPA is described as a secretive and multinational ‘free trade’ agreement lead by United States. The agreement is currently‚ be negotiated between 11 countries‚ which are Malaysia‚ New Zealand‚ Australia‚ Brunei‚ Chile‚ Peru‚ Singapore‚ Vietnam‚ Japan‚ Mexico‚ and Canada. The
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Microsoft’s Partnership with UNHCR – Pro Bono Publico? Microsoft’s Partnership with UNHCR – Pro Bono Publico? Let me first provide the landscape of this case study by highlighting that the evolution of the partnership between the United Nations High Commissioner for Refugees (UNHCR) and the software giant Microsoft Corporation facilitated a strategic and mutually beneficial partnership‚ as well as shaping the definition today of good corporate social responsibility. The corporate
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European Union and the United States of America have decided to take their relationship one step further with what could be one of the most ambitious bilateral trade deals in the history. The Transatlantic Trade and Investment Partnership (TTIP)‚ initiated in 2013‚ is a trade and investment agreement that is currently being negotiated by the two sides of the Atlantic. The agreement will aim at removing the non-tariff barriers‚ red tapes‚ restrictions‚ etc. that can slow down trade between two trading
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INFORMATION TECHNOLOGY ACT‚ 2000 The Act rather than giving information and technology gives rise to cyber crime. 2011 11/14/2011 INFORMATION TECHNOLOGY ACT‚ 2000 The Act rather than giving information and technology gives rise to cyber crime. 2011 11/14/2011 Table of Contents Introduction 3 The Information Technology Act‚ 2000 5 Positive Aspects of Information Technology Act: 9 Rise of Cyber Crime 11 Caselet 14 Statistics and Facts 18 Case Study 28 Case Study 1
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Begun and held in Metro Manila‚ on Monday‚ the twenty-second day of July‚ nineteen hundred and ninety-six [REPUBLIC ACT NO. 8203] AN ACT OF PROHIBITING COUNTERFEIT DRUGS‚ PROVIDING PENALTIES FOR VIOLATIONS AND APPROPRIATING FUNDS THEREFOR Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: SECTION 1. Title – This Act shall be known as the "Special Law on Counterfeit Drugs." SECTION 2. Declaration of Policy -It is hereby the policy of
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