"Unlimited liability company law case" Essays and Research Papers

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    Question 1 Mary v Peter Issue Given that Mary was injured by Peters’ act‚ is he solely liable for the accident? Law * In this case‚ we have to look at the Civil Liability Act 2002 (NSW) to determine who was negligent and in specific‚ we use s 5B(1)‚ s 5B(2) and s 5R of the Civil Liability Act 2002 (NSW); s 5B(1) for the reasonable foreseeability test‚ s 5B(2) for determining if the standard of reasonable care has been breached and s 5R for contributory negligence. * Where both the

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    T.J.X. Companies‚ Inc. Final Case Study Report Nichols College T.J.X. Companies‚ Inc. is the leading off-price apparel and home fashions retailer in the United States and worldwide‚ ranking number 115 in the most recent Fortune 500 listings. They have the broadest demographic reaches in retail‚ all of which have enabled them to achieve successful‚ and profitable growth year after year‚ through many types of economic and retail cycles. With over

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    determining whether s51(xx) supports a law‚ we need to determine whether the character of the law by reference to the creation of rights‚ powers‚ liabilities‚ duties and privileges belonging to a s51(xx) corporation is sufficiently connected to s51(xx) (McHugh J in Re Dingjan; Gleeson CJ‚ Gummow‚ Hayne‚ Heydon and Crennan JJ in Work Choices; Grain Pool). Sufficient connection means that the law must have some significance for a s51(xx) corporation‚ and the law must regulate the conduct which have beneficial

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    National Coal Co. v. CIR Facts: The National Coal Co.(NCC) was created by a special law and was enacted by virtue of Act 2705 in order to develop a coal industry. It was engaged in coal mining on reserved lands belonging to the government. The National Coal Co.(NCC) filed a case against the CIR for the recovery of sum of money it paid on protest as specific tax on 24‚089 tons of coals claiming exemption to tax pursuant to Sec. 14 and 15 of Act 2719. Issue: Whether or not NCC is a private corporation

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    we categorize all liabilities as current. True 3. False A line of credit is an informal agreement that permits a company to borrow up to a prearranged limit without having to follow formal loan procedures and paperwork. True 9. False We record interest expense in the period in which we pay it‚ rather than in the period we incur it. True 8. False Interest is stated in terms of a percentage rate to be applied to the face value of the loan. True 7. False When a company borrows cash from

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    This is a case about promises and accountability. It is not about opening the flood gates of liability for any social host who dares to have a party. The issue at hand is whether liability arises from two entirely separate sources of duty with the same set of facts. It can. Those who make promises should be held to account from those promises‚ whether or not someone had a beer to drink. Section 2.03(c) does not preclude Ms. Fleshman’s claim for negligent undertaking because section 2.03(3) applies

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    UNLIMITED FREEDOM IS NOT A SIGN OF PARENTAL LOVE BUT OF PARENTAL NEGLECT Respected judges‚ my worthy opponents and members of the audience- sale promos like unlimited talk time or unlimited internet access- I can acknowledge‚ but unlimited freedom is something I cannot fathom nor recognize. Freedom is never absolute‚ it always comes with responsibilities. Even the highest level of freedom has a defining boundary as without it‚ freedom has absolutely no purpose or function. Thus taking unlimited

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    exercise reasonable care and skill in giving the advice. He is under no obligation to advise‚ but if he takes upon himself to do so‚ he will incur liability if he does so negligently.” ’ House of Lords in Banbury v. Bank of Montreal[1] I. Introduction The issue of legal liability of banks in the provision of negligent advice is one doctrine of law that has evolved through the years. In light of current controversies hounding the UK banking sector‚ it is not far-fetched nay unthinkable

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    Aroma Crest Company aims to be a long-term company and profitable enough to stay on the market. Being a profitable company‚ TAC can fulfill its social responsibility for their employees and people in the society. Also‚ through this the company may able to innovate and improved its wines that will satisfy the changing needs and wants of their wine consumers. Moreover‚ profitability also strenghtens the relationship of the company with its stakeholders. • Legal Responsibility The TAC Company will faithfully

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    Limited Liability Corporation and Partnership In the United States‚ limited liability companies increased rapidly throughout the past 10 years. These structures permit businesses to decrease federal tax liabilities by federal pass-through provisions (Bean & Bilyeu‚ 1997). Limited liability can apply to any non-corporate business‚ in any state‚ and provides characteristics of a corporation and a partnership. Individual states regulate the operations of the LLCs. However‚ companies with limited

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