Law 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
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of ways of avoiding the common law pre-incorporation contract problem discussed above. 1. Promoter as Trustee of a Chose in Action: The promoter could be treated as a trustee of a chose in action for the corporation. This would put the promoter under a fiduciary obligation to enforce the contract and would allow an order permitting the company to sue in the name of the promoter as trustee. 2. Company as Assignee: The circumstances may allow the court to treat the contract as having been
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Part A Question 1: In this case‚ there were two parties. Mrs MARTIN FRANCIS BYRNES is the appellant who filled the case. Mr JOAN WILHELMINA BYRNES is another appellant and son of Mrs MARTIN FRANCIS BYRNES. Mr JOAN WILHELMINA BYRNES is also solicitor on behalf of his mother and regularly gave legal advice to his mother regarding to property and affairs. Mr CLIFFORD FRANK KENDLE is the responded. Mrs Byrnes and MrKendle married in 1980 when Mrs Byrnes was 60 years old and MrKendle was 57. It was
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UNIT 6 6.0 AGENCY 6.1 AN AGENT An agent is one who acts on behalf of another called the principal‚ with the express or implied authority of that person. Hence an agent incurs neither rights nor liabilities on contracts made on behalf of the principal. Also an agent need not be of full contractual capacity meaning that even a minor could be appointed as such‚ even though he principal has to be of full contractual capacity. 6.2 TYPES OF AGENTS Universal: appointed to handle the
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enhances‚ protects or maintains it – must be in line with the role he undertakes as a trustee‚ and thus in accordance to the wishes of its true owner‚ Allah swt. What then are the conditions or guiding principles that govern a Muslim’s (the trustee) responsibility towards managing his or her wealth? In general‚ three are conditions serve to guide how a Muslim should administer his or her wealth as a trustee: (1) Wealth must be accumulated in an absolutely honest manner; (2) Wealth must be managed
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constituents back home. Smith describes three different types of representatives: a delegate‚ a trustee and a politico. Many Americans expect their representative to go to Congress and represent their own personal feelings. This delegate style proves difficult for a Congressman who has a vast amount of varying opinions in his constituents. This could lead the Congressman to act as a trustee. Smith describes a trustee as “representing his or her constituents by exercising independent judgment about the
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Peregrine Financial Group Inc. trustee has so far offered inclination to wares clients. In a starting conveyance of assets the previous fall‚ clients that exchanged alternatives and prospects on controlled trades got 30 or 40 percent of their cash back. Then‚ foreign investment customers have not got anything in light of the fact that the trustee discovered their records were not item contracts‚ which are given first need for payouts when a business goes bankrupt. The trustee has said that payouts for
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invest@uti Name of Sole / 1st applicant Mr. Ms. Mr. Ms. PIN Agreement This Agreement (hereinafter referred to as the “Agreement”) is made and entered into on this..............day of.............................. 200.....‚ between UTI Asset Management Company Limiteda ‚ company incorporated under the Companies Act‚ 1956‚ having its Registered office at UTI Tower‚ Gn Block‚ Bandra Kurla Complex‚ Bandra (East) Mumbai 400 051hereinafter referred to as “UTIAMC”( which expression shall unless repugnant
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Introduction: The goal of report is going to analysis the facts and use appropriate information to conclude whether there has been a tax avoidance arrangement‚ and also to outline the effect on a taxpayer if the tax avoidance arrangement exists. In order to meet the goal‚ this report followed steps from Draft Interpretations Statement to prove my opinions. Law: BG 1‚ YA 1‚ GA 1 of Income tax 2007‚ Penny and Hooper v Commissioner of Inland Revenue (2011) 3 NZTR 21-014. Ben Nevis Forestry Ventures
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trahk.com.hk 二零一二年年報 Annual Report 2012 二零一二年一月一日至二零一二年十二月三十一日 1st January 2012 to 31st December 2012 Tracker Fund of Hong Kong Annual Report 2012 Contents Statement of Responsibilities of the Manager and the Trustee 2 Report of the Trustee to the Unitholders 3 Independent Auditor’s Report 4 Statement of Net Assets 6 Statement of Comprehensive Income 7 Statement of Changes in Net Assets Attributable to Holders of Redeemable Units 8 Statement
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