Paper F4 (ENG) CHAPTER Corporate and business law 8 Companies and legal personality Contents 1 2 3 The features of a limited company Types of company Advantages and disadvantages of incorporation: the veil of incorporation © EWP Go to www.emilewoolfpublishing.com for Q/As‚ Notes & Study Guides 199 Paper F4: Corporate and business law (English) The features of a limited company Comparison of companies with other forms of business The meaning of separate legal personality
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Contract: a legally enforceable agreement General Rule (GR) for an agreement to be legally enforceable‚ following requirements must be satisfied: 1. There is an agreement between the parties (2 or more persons) 2. The parties intended to create legal relations 3. Each party has provided consideration‚ that is‚ paid a price or made a promise GR for an agreement to be formed: 1. One person (the offeror) has made an offer 2. Another person (the offeree) has accepted the offer 3. The offeree
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Law is a set of behavioural norms that are set in place by a ruling class to adjust the behaviour of humans when attempting to develop society to a certain stage. This can ultimately be discussed as the essence of law. These behavioural norms can be found in the majority of societies in today’s modern age‚ and is a huge influence on how the majority of people go about their daily lives. Although these particular sets of behavioural norms are written to benefit the ruled society‚ it can be debated
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------------------------------------------------- HND BUSINESS CONTRACT LAW | Aspects of Contract and Negligence | | | HND BUSINESS - CONTRACT LAW Case 1 1.1 Introduction A contract is a legally binding agreement between two or more people in writing or in words that includes a valid offer and acceptance. The essential elements of a binding contract are: 1. Offer and Acceptance 2. Consideration given by both sides 3. The intention to create legal relationship 4. Privity
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Ltd (TMMS)‚ the law applies a common law tests that approaches the issue by categorizing work relationships‚ distinguishing one from another where work relationships will be divided into two broad categories‚ contract of service‚ and all other type of work. An employee works under a contract of service or contract of employment‚ whereas an independent contractor works under a contract for services. Subsequently‚ a number of tests have been developed for the purposes of common law to distinguish the
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LAWS OF MALAYSIA REPRINT Act 265 EMPLOYMENT ACT 1955 Incorporating all amendments up to 1 January 2006 PUBLISHED BY THE COMMISSIONER OF LAW REVISION‚ MALAYSIA UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT 1968 IN COLLABORATION WITH PERCETAKAN NASIONAL MALAYSIA BHD 2006 2 Laws of Malaysia ACT 265 EMPLOYMENT ACT 1955 First enacted … Revised … … … … … … … … … 1955 (F.M. Ordinance No. 38 of 1955) 1981 (Act 265 w.e.f. 18 February 1982) PREVIOUS REPRINTS First Reprint Second
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BUSINESS LAW ESSAY PLAN ➢ Acceptance must be communicated to be effective. ➢ Where the parties contemplate acceptance by mail‚ acceptance will be complete as soon as the letter is properly posted. Postal rule definition ➢ Actual communication versus constructive communication ➢ Actual acceptance (real) versus constructive acceptance (postal rule) (Graw p.89) ➢ Contract is an agreement which the law enforces. ➢ Contract law is the basis of business law ➢ Two main sources:
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Hart’s theory and legal system Introduction One of the principal lessons of ‘The concept of law’ is that legal systems are not only comprised of rules‚ but founded on them as well. In contrast to Austin who had insisted that the sovereign makes all of the rules‚ Hart argued instead that the rules make the sovereign. In this essay‚ I would like to explain Hart’s theory and how the social rules are related to the legal system and rules of recognition. This essay has five parts. In the first part
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Evaluate the claim that migration creates global connections. In this assignment‚ the strengths and weaknesses of the claim that migration creates global connections‚ will be discussed. This will be done by discovering what counts as migration and how it is valued‚ how global connections can be both positive and negative‚ about the concepts of ’diaspora’ and ’translocalism’ and how important they are when considering both migration and global connections. To enable the discussion of the subject matter
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court. 2. ｂ : n the legal system of the United States‚ a long arm statute is a law which allows a court to exercise jurisdiction over people and companies in other states. owever‚there are a number of ways in which jurisdiction is limited. In the case of a long arm statute‚ the law involved is the law limiting personal jurisdiction‚ determining where people can be tried on the basis of their residence and connections. Normally‚ a court in‚ for example‚ Colorado‚ cannot hear a suit regarding someone
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