FORMATION OF A COMPANY I. Promotion : Refers to the entire process by which a company is brought into existence. It starts with the conceptualisation of the birth a a company and determination of the purpose for which it is to be formed. The persons who conceive the company and invest the initial funds are known as the promoters of the company. The promoters enter into preliminary contracts with vendors and make arrangements for the preparation‚ advertisement and the circulation of prospectus
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Formation of ASEAN Economic Community History ASEAN was preceded by the short-lived ASA (Association of Southeast Asia)‚ founded in 1961 by Thailand‚ Malaysia and the Philippines. These three countries would eventually cooperate with Indonesia and Singapore to draft and sign the Bangkok Resolution on August 8‚ 1967‚ which established ASEAN. The organization expanded when Brunei joined in 1984‚ followed by Vietnam‚ Laos‚ Myanmar and Cambodia in the late 90s. As the organization’s size doubled
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President Theodore Roosevelt revolutionized the role of the federal government especially in the areas of labor‚ trusts‚ and world affairs during his term as president. Theodore Roosevelt’s loyalty was with the American people. By improving the working conditions of everyday Americans‚ Roosevelt gained the respect of the American people. During the coal strike of 1902‚ Theodore Roosevelt was faced with an impending disaster of a frigid winter without coal. Instead of calling in troops to end the
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of fighting in this war‚ our country won. The United States of America was born and our first goal was to find what type of government is best suited for the people. It was finally decided that we would have a republican and democratic government. With this decided‚ we created the first document to run our country‚ the Articles of Confederation. This document did not give the government enough power to help the citizens and it was tossed away. After starting over‚ the committee came up with The Constitution
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Everyone knows that the government has three branches‚ the legislative‚ executive‚ and judicial‚ these three branches separate the power of the government. The legislative branch being the ‘Lawmaker’ by having the authority to create laws‚ the legislative branch is the most different out of the trio‚ established by the first article of the constitution is home to both the Senate and House of Representatives. Not only does the branch make laws‚ however‚ it also can impeach federal officers‚ initiate revenue
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Part 1 THE FORMATION OF A CONTRACT There are five basic requirements that need to be satisfied in order to make a contract: ● An agreement between the parties (which is usually shown by the fact that one has made an offer and the other has accepted it). ● An intention to be legally bound by that agreement (often called intent to create legal relations). ● Certainty as to the terms of the agreement. ● Capacity to contract. ● Consideration provided by each of the
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Word formation is the process of creating new words. The following word formation processes result in the creation of new words in English: Derivation‚ Back-formation‚ Conversion‚ Compounding‚ Clipping‚ Blending‚ Abbreviations‚ Acronyms‚ Eponyms‚ Coinages‚ Nonce words‚ Borrowing‚ Calquing. The following sections define and exemplify the related word formation processes of derivation and back-formation. Derivation is the word formation process in which a derivational affix attaches to the base
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writing the constitution‚ they created three branches of government. These branches were the Executive Branch‚ the Legislative Branch and the Judicial Branch. The Legislative Branch creates laws‚ the Executive Branch vetoes or approves laws‚ and negotiates with foreign countries‚ and the Judicial Branch handles court cases‚ and determines whether laws are constitutional or not. The founding fathers did not want one branch of government to have too much power‚ as that could cause the nation to
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Transferred from Federal Government to the States? Point - Yes Cox makes some valid arguments in favor of restoring State powers that have been inappropriately assumed by the Federal Government and backs those arguments with examples and solutions. He believes that Congress should transfer powers to the States that are not the direct responsibility of the Federal Government through block grants being administered directly to the local State governments. Cox suggests a review of Federal programs
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FORMATION OF AGENCY QUESTION 2 Introduction Agency define which subsists between principal and an agent‚ where the agent has been authorized to act for the principal or represent him in dealing with others or 3rd party. Agent is person who is employed by the principal to do certain act for him to represent him in dealings with 3rd party. Principal is a person who authorizes the agent to act on behalf of him. There are five formation of agency‚ which is by express appointment‚ by implied appointment
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