liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for 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
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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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finally have the beginnings to concrete laws and to a better Government for their new country. The Legislative Branch is the most influential Branch in our government. It has the power to declare war and to overrule a presidential veto. Just these two powers alone almost completely make the Executive Branch powerless. The Legislative Branch can also impeach Judges from the Judicial Branch as well as control the national budget. The most influential activity Congress does is
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A REPORT ON THE INPLANT TRAINING DONE AT The Corporation Bank - COIMBATORE Submitted by DINESH A.S. (09BBM013) Under the Co-ordination of J. JOSEPHINE LALITHA‚ MBA‚ MPhil Submitted towards partial fulfillment of the requirement For the Degree of Bachelor of Business Management Since 1947 DEPARTMENT OF MANAGEMENT SCIENCE PSG COLLEGE OF ARTS & SCIENCE College with Potential for Excellence (Status Awarded by the UGC) Autonomous College Affiliated To Bharathiar University
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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‚ the firm how it has affected the accounting profession- domestically and globally. Recommendations regarding how we might
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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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constitution establishes and defines three separate branches for our federal government. These branches are the Legislative Branch‚ Executive Branch‚ and the Judicial Branch. It is widely argued that the framers of the Constitution used this specific order to show the branches in which they thought to be of most and least importance. This examination
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Legislative Branch Who creates our laws? There are three different branches of our government that were established by the Constitution of the United States. These branches‚ the Legislative‚ Executive‚ and Judicial‚ were created so that our country could function and survive. The Legislative branch of the government has the main purpose of their main purpose is to carry out ‚ it keeps the executive and judicial branches in check‚ and makes decisions that affect us all. In the legislative branch there
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Branch Tech officially began in Shanghai‚ China when two men‚ marketer Edmond Brown and electrical engineer Samuel Lee bought their first work complex. Brown and Lee met in college at Fudan University both had a passion to design and build. Together they began working in their garage and building machines. Seeing and wanting to move onto bigger things‚ they started a company that creates‚ innovates‚ and solves problems. The two men joined with Dongfeng‚ a car manufacturer‚ to make various models
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In American Constitutional thought‚ it is generally regarded that the Judicial Branch and the courts should be independent from political sway. The Legislative and Executive branches were designed to represent the will of the people at the time‚ but the third branch is to remain isolated. Blatantly activist judges are generally regarded as unacceptable. It’s undeniable‚ however‚ that a completely independent judiciary is impossible in a democratic society. To some extent‚ the general populace plays
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