BUSL301 Final exam Session 1 2013 The exam does not include: Lecture Area 1-4 Lecture Area 9 [Week 10] (Takeovers / Financial Services and Markets) The Role of Auditors / ASIC Investigation (these are both in Lecture Area 7 [Week 8]) Everything else is examinable – that is‚ within the range of material that may be included in the final exam Part A of the exam (20 marks) is multiple-choice (10 x 2 marks per question) Part B of the exam (40 marks) has 2 problem style questions requiring written responses
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Types of Business Organisations When we start to define a company it can be defined as generally a form of business organisation. In the legal field‚ a company is specifically a corporation‚ or less commonly‚ an association‚ partnership or union that carries on a commercial or industrial enterprise. Generally a company may be a corporation‚ partnership‚ association‚ joint stock company‚ trust‚ fund or organised group of persons‚ whether incorporated or not and (in an official capacity) any
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[Type the document title] | Iuji9 Iuji9 | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | [Type the document subtitle] | THE CATHOLIC UNIVERSITY OF EASTERN AFRICA FACULTY OF LAW UNIT CODE CLS 210 UNITE TITLE BANKRUPTCY AND COMMERCIAL SECURITIES LECTURER ANTHONY .W. MUNENE REG .NO.
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Business Law. . March 21‚ 2005 Every year business and individuals file for bankruptcy it has almost become common practice to do so. Bankruptcy is a legal procedure that begins when an individual or business that can’t pay their debts to creditors. Sadly enough‚ there were as many bankruptcy cases filed in federal courts‚ as there were all other cases. The American bankruptcy law almost encourages debtors who are unable to pay their debts to file for bankruptcy. Is filing bankruptcy a good
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Overcollateral: The first financial problem of Marvel is that huge amount of shares are collateralized as its holding companies’ debts. These debts were secured by 77.3 million shares in total‚ accounting for 75.9% shares of Marvel as a whole. Issue Company Marvel Holding Inc. Marvel Parents Holding Inc. Marvel III Holding Inc. Amount ($ Million) 517.4 251.7 125 Due 1998 1998 1998 Secured by 48.0 million Marvel shares 20.0 million Marvel shares 9.3 million Marvel shares Table 1. The Debt Financing of Marvel and its holding companies
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CHAPTER 25 BANKRUPTCY‚ REORGANIZATION‚ AND LIQUIDATION Please see the preface for information on the AACSB letter indicators (F‚ M‚ etc.) on the subject lines. Note: None of the questions in this chapter are algorithmic. True/False Easy: (25.2) Bankruptcy issues FK Answer: a EASY 1. A central question that must be addressed in bankruptcy proceedings is whether the firm’s inability to meet scheduled interest payments results from a temporary cash flow problem or from a potentially
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Law Midterm Chapter 13- The Agency Relationship (Pg. 297) • Agency: a relationship that exists when one party represents another party in the formation of legal relations Pg. 298 • Agent: a person who is authorized to act on behalf of another • Principle: a person who has permitted another to act on her behalf • Agency is a common relationship as is shown in the following examples: o A sports agent negotiates a multimillion-dollar deal on behalf of a hockey player
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Background Financial Statement includes the Balance Sheet‚ Income statement and other statement which determine the company’s performance. Financial ratio analysis is the calculation and comparison of ratios which are derived from information in company’s financial statements. Financial ratios are the analyst’s microscope. It allowed them to get a better view of the firm’s financial health than just looking at the raw financial statements. BRIEF HISTORY Square Pharmaceuticals Ltd. is a renowned company
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DISSOLUTION AND WINDING UP DISSOLUTION - change in the relation of the partners caused by any partner ceasing to be associated in the carrying on of the business; partnership is not terminated but continues until the winding up of partnership affairs is completed WINDING UP - process of settling the business or partnership affairs after dissolution CAUSES OF DISSOLUTION: 1. Without violation of the agreement between the partners a. By termination of the definite term/ particular undertaking
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given debentures secured by a charge on the company’s assets *** what’s the meaning of a loan? *** what’s meaning of debentures? any effect? ***what if the creditor borrow some money to the borrower without obtaining any assets as security for the loan? The company later went into liquidation. Assets were sufficient to satisfy the secured creditor‚ but the unsecured creditors‚ with debts amounting to $7‚000‚ received nothing. *** secured creditor vs. unsecured creditor Held: - Salomon
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