holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will have no personal liability to third parties. In order to pierce the corporate veil‚ third parties have to show personal wrongful conduct on the part of a company official or director to hold them
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Technical Problem The Metric Machine Parts and Supplies Corporation (MMPS) is a large growing global business with a few network problems. MMPS have many difficulties with their current network service that has been monitored by a third party telecommunication network who does not think anything is wrong with their service. Some of the technical difficulties that MMPS faces are frequent telecommunication network crashes that lead to bad customer services satisfaction to their customers. Due to the
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Reaction Essay: The Corporation The documentary The Corporation‚ directed by Jennifer Abbott and Mark Achbar and produced in 2004‚ although bias‚ opens many doors for discussion in regard to capitalism and the role of corporations in our lives. I found the documentary to be presented professionally‚ and filled with legitimate facts more so than extreme opinion. The documentary truly outlines the "all-pervasive" role the corporation has taken as the "world’s dominant institution". The film opens
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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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com/0007-070X.htm BFJ 104‚9 CASE STUDY 766 Packaging of children ’s breakfast cereal: manufacturers versus children Department of Retailing and Marketing‚ The Business School‚ Manchester Metropolitan University‚ Manchester‚ UK Keywords Food‚ Children‚ Consumer behaviour‚ Marketing Abstract Based on primary research from both a child consumer and manufacturer perspective‚ this article explores the breakfast cereal market and the perceptions of packaging from the perspective of a child. Specific consideration
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You are required to prepare an investigative report on a recent corporate scandal that involved improper accounting practices or any form of financial scandal. Your report must include the following: an overview of the corporation a description of the scandal methodology - explaining the specific accounting impropriety that the company used. an explanation of how the firm managed to hide their accounting improprieties a discussion of who the scandal effected - both inside‚ and outside
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The problems and solutions of packaging and waste I. Introduction "In 2008‚ an estimated 10.7 million metric tons of packaging waste disposed of in the UK (department of environment‚ food and rural affairs‚ 2008.( If this continues‚ the environmental impact could be catastrophic"( Wittenberg‚ 2009‚ p. 101). The purpose of this paper is to analyze the problems and solutions of packaging and waste. According to Hopewell at all (2009). He mentions that plastics are cheap‚ not dense and tough
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CHAPTER THREE‚ Part b: The Ownership Cycle – Conflict There will be conflicts in life. How do we resolve these with the best possible outcome? What Can we Do? What Should we Do? Is there a difference between what you Can Do and what you Should Do? Definitely. Remember‚ we have many choices in how we spend our time and energy – there is a lot we Can Do. The issue is to pick the correct choice – what you Should Do. This holds true for All Roles in the Ownership cycle‚ and is most evident when there
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Safety and Quality of Traditional Packaging 1) Traditional Chinese Food There are lots of Traditional festivals in Chinese community that can be recognize in the traditional Chinese food on that particular day. Usually‚ many of Chinese foods are intended to respect or celebrate either the gods or divine persons in past history. Among the Chinese traditional foods‚ there are three traditional Chinese foods that using leaves for the packaging which are include Zongzi‚ Nian Goa and Lotus Rice
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