attaining the majority or knowledge of admission to the benefits of partnership firm. When the minor fails to give such notice within a period of six months‚ automatically he becomes a partner at the end of six months. The minors are having some liabilities after becoming a partner on attaining majority and he becomes personally liable for all the acts of the firm done since the date of his admission. Moreover‚ he can impliedly ratify the acts of the firm done during his minority. When it comes to
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Limited Liability Corporation and Partnership Paper FIN/419 Limited Liability Corporation and Partnership Paper A basic idea starts every business. When starting a business‚ a decision has to be made as to what form of business entity needs to be established. Protection and capitalization of the business must also be established‚ with the most basic question being what type of entity should be used when moving forward with the business. There are many different factors that have to be
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[pic] “CONTINGENT & QUASI CONTRACTS” [pic] Contents 1. Contract. 2. Types of contract. 3. Contingent contract. • Definition. • Illustration. 4. Essentials/characteristics of contingent contract. 5. Rules regarding contingent contract. 1. Uncertain event. 2. Impossible event. 3. Performance dependent on non-happening of
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The Story “The Oriental Contingent” by Diana Chang‚ Lisa Mallory is a major character as important as Connie Sung‚ although the story is about Connie. Her personality is exactly like that most Chinese. However she is not a genuine Chinese‚ she is a Chinese American but she never been to China. As Connie said Lisa is a person inscrutable and mysterious. At the first meet of them‚ Lisa is dressed in “one-of-a- kind kimono dress … and her hair was drawn back tightly in a braid which stood out from
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INTOXICATION AS A DEFENSE AGAINST CRIMINAL LIABILITY : A COMPARATIVE ANALYSIS SUBMITTED BY: Sharad Arya Intoxication with alcohol and drugs is commonly associated
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Critical Thinking in the Legal Environment: Torts and Products Liability University of Maryland University College Introduction Through the use of the precepts of product and service liability law‚ consumers can go to court to be compensated for the injuries and/or losses they experienced when using a particular product or service. Product liability cases are a significant portion of United States litigations; there are approximately one million cases a year (Kubasek‚ Brennan
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Professional Regulation and Criminal Liability Paper Hippocratic Oath The principle of the Hippocratic Oath is one of the oldest binding documents in history. The oath states: I will use those dietary regimens which will benefit my patients according to my greatest ability and judgment‚ and I will do no harm or injustice to them. I will not give a lethal drug to anyone if I am asked‚ nor will I advise such a plan; and similarly I will not give a woman a pessary to cause an abortion. In purity
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Week Two Learning Team Reflection on Personal Liability Law/531 October 2‚ 2012 Week Two Learning Team Reflection on Personal Liability Benefits to Commerce Team C colleagues decided on the following opinions in respect to the advantages of commerce using shareholders and other entities for protection against personal liability losses. Commerce is the buying and selling of goods or services within cities‚ states‚ and globally. The legal structure of a business will establish the liable
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In this leaflet I will describe the law of negligence and occupier’s liability‚ economic loss and psychiatric loss. Negligence is when somebody has a duty of care and that duty is breached. Negligence is split into 3 parts. Duty of Care In certain situations‚ a duty of care is owed to another person. For example‚ a surgeon owes a duty of care to whoever they operate on. The existence of a duty of care is established by the Neighbour Test which was brought in by Lord Aitken after the Donoghue
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3.2.2 Threaten airports and governance’s liability Under radical uncertainty making airports’ governance fully responsible for potential damages seems difficult. In fact‚ their liability depends heavily of how the local and national authorities considered (or consider) the rise of seas associated to climate change. This last one depends on the convergence or the divergence of scientists’ views about a given event (here the strength and the range of the rise of the seas). Case 1: Convergent views
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