Management and Liability Issues | Business Law | There are many issues in the business world today that should concern management in regard to employment liabilities. In the last twenty years‚ the number of legal claims brought against employers‚ specifically human resources departments‚ has gone up tremendously. The human resources department of any company must be aware of the legal ramifications of its actions‚ and ensure that any issues are fully understood to keep the company protected
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Case Study 1 Ebbers vs. Central Apartments Ltd. In this case Central Apartments Ltd has borrowed $800‚000 from exchange bank and secured the loan by a five year mortgage on the apartment building. Since the bank required additional security the president of the corporation at the time named Ebbers personally signed the guarantee. This makes Ebbers the guarantor and responsible for the debt if the principle debtor‚ Central Apartments Ltd‚ should default in the payment of their debt. Ebbers who
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Contractual and Non-contractual Liability I. Contract A contract is an agreement having a lawful object entered into voluntarily by two or more parties‚ each of whom intends to create one or more legal obligations between them. The elements of a contract are "offer" and "acceptance" by "competent persons" having legal capacity who exchange "consideration" to create "mutuality of obligation." Contracts may be bilateral or unilateral. A bilateral contract is an agreement in which each of the
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Team Reflection: Discussion Questions Student Name(s) LAW/531 Date Instructor Name Critical Legal Thinking Questions Case 5.1: Disparagement Where the statements made in Zagat‘s restaurant guide statement of fact or statements of opinion? The statements that were made in Zagat’s restaurant guide were statements of opinion. It was stated that each restaurant in the guide was ranked based upon calculated surveys of customers of the restaurant‚ and the Zagat guide often quotes anonymous
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BYLAWS OF THE TRADING COMPANY OSI HEALTH XXI‚ S.L. Title 1.- NAME‚ PURPOSE‚ REGISTERED OFFICE AND DURATION Article 1.- Corporate name. The corporate name is OSI HEALTH XXI‚ S.L.‚ which shall be governed by these Bylaws and‚ in matters not provided for therein‚ by the Capital Company Act and other applicable provisions. Article 2.- Corporate purpose. The corporate purpose is: 1. - The performance of activities and investments related to (i) the promoting or securing goods and services related to
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154 Amonoy vs. Gutierrez G.R. No. 140420‚ February 15‚ 2001 FACTS This case had its roots in Special Proceedings No. 3103 of Branch I of the CFI of Pasig‚ Rizal‚ for the settlement of the estate of the deceased Julio Cantolos‚ involving six (6) parcels of land situated in Tanay Rizal. Amonoy was the counsel of therein Francisca Catolos‚ Agnes Catolos‚ Asuncion Pasamba and Alfonso Formida. On 12 January 1965‚ the Project of Partition submitted was approved and xxx two (2) of the said lots were adjudicated
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Introduction Southern Company is one of the largest generators of electricity in American‚ serving the Southeastern United States for more than 100 years with clean‚ safe‚ reliable and affordable electricity. Its four subsidiaries: Georgia Power‚ Alabama Power‚ Mississippi Power and Florida Power‚ provide retail electric service to 4.4 million customers. This holding company’s operations cover all phases of the electric utility business capacity‚ as well as fiber optics and wireless communications
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Certificates to the Ancilliary administrator. Benguet refuses to obey the order of the CFI of Manila on the ground that it is in violation of the Corporation By Laws. Issue: Whether or not the Benguet Consolidated Inc is covered by the orders of the COURT. Held: The Supreme Court Held that “a corporation is an artificial being created by operation of law‚ it owes its life to the state‚ its birth being purely dependent on its will”. It is logically inconceivable therefore that it will have rights and privileges
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BUSINESS 501 ETHICS The Case of the Mattel Toy Company According to the instructions for this case study‚ three virtues were to be chosen to identify with the case study. In keeping with the instructions‚ I have chosen Honesty‚ generosity and justice as the 3 virtues to associate with the case. Stanford Encyclopedia of Philosophy states‚ “A virtue such as honesty or generosity is not just a tendency to do what is honest or generous‚ nor is it to be helpfully specified as a “desirable” or “morally
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The Case According to the given case‚ Peter is the managing director of the Waterloo Ltd merchant bank. He has intentionally appointed‚ Allcard‚ his best friend as a finance manager. Peter and Allcard misused Waterloo’s resources and managed the company’s finance badly. Waterloo is filing a case against Peter and Allcard. This report will analyze the case and advice both parties: Waterloo Ltd. (later – the Plaintiff) and both Peter and Allcard (later – the Defendant) according to the Corporations
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