An incentive is something that motivates an individual to perform an action. The study of incentive structures is central to the study of all economic activities (both in terms of individual decision-making and in terms of co-operation and competition within a larger institutional structure). Economic analysis‚ then‚ of the differences between societies (and between different organizations within a society) largely amounts to characterizing the differences in incentive structures faced by individuals
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generally legal person but humanity is a state of nature and legal personality is an artificial construct‚ which may or may not be conferred. The origin of corporation lies in a logical extension of this separation of humanity from legal personality as the group of humans who are engaged in a common activity could attempt to simplify their joint activity by gaining legal personality from the venture. Introduction: Solomon was leather Merchant who converted his business into a Limited Company as Solomon
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OVERVIEW OF CHINESE COMPANY LAW (I) Legal characteristics of Modern Company A modern company has a set of legal characteristics: 1. Independent legal personality 2. Limited liability 3. Transferability of shares / interests 4. Centralised Management 5. Investor Ownership These characteristics respond to the economic exigencies of the large modern business. 1. Independent Legal Personality Meaning: - Independent from investors and the management; - Counter-party in corporate
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the clause that would justify French jurisdiction over the case. 2. Some French plaintiffs also tried to sue the US manufacturer and its US contractors. Is the Warsaw Convention applicable in this respect? How could the plaintiffs establish US jurisdiction? 3. What is forum non conveniens? How did the US court use forum non conveniens to decline its jurisdiction in this case? 4. Forum non conveniens is not available to French courts. French judges cannot exercise discretion on deciding on jurisdiction
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COMPANY AS A SEPARATE LEGAL ENTITY Definition: A legal entity‚ typically a business‚ that is defined as detached from another business or individual with respect to accountability. A separate legal entity may be set up in the case of a corporation or a limited liability company‚ to separate the actions of the entity from those of the individual or other company. Meaning: If a business is a separate legal entity‚ it means it has some of the same rights in law as a person. It is‚ for example
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HARRIS-STOWE STATE UNIVERSITY Anheuser-Busch School of Business BSAD 0220‚ Legal Environment of Business Section 61 Saturday‚ 12:30 p.m. – 5:00 p.m. Instructor Dr. Johndavid Kerr “Attendance Discussion Question” By Brandon Dickson Homework assignment presented to: The Anheuser-Busch School of Business‚ Harris-Stowe State University‚ St. Louis‚ Missouri 63103 in partial fulfillment for the requirements of the degree Bachelor of Business Administration September 13‚ 2014 1. To ensure
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NORTHCENTRAL UNIVERSITY ASSIGNMENT COVER SHEET Learner: Marilyn Bennett Hannah THIS FORM MUST BE COMPLETELY FILLED IN Please Follow These Procedures: If requested by your mentor‚ use an assignment cover sheet as the first page of the word processor file. The assignment header should include the Learner’s last name‚ first initial‚ course code‚ dash‚ and assignment number (DoeJXXX0000-1) justified to the left and the page number justified to the right. Keep a Photocopy or Electronic
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What steps must the LPN’s follow to unionize? What unfair labor practices need to be avoided by LPN’s? National Labor Relations Act “Federal and state laws guarantee the right to form unions! Eligible employees have the right to express their views on unions‚ to talk with their co-workers about their interest in forming a union‚ to wear union buttons‚ to attend union meetings and in many other ways to exercise their constitutional rights to freedom of speech and freedom of association.” The
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The arrival of the Europeans affected the Indians in several different ways. The Indians were exposed to new experiences such as diseases‚ religion‚ racism‚ land ownership‚ and trade to name a few. The Indians way of life changed forever with the arrival of the European colonists. Diseases were introduced to them as early as 1550 by European fisherman who stayed on the New England shores during the winter. The fisherman brought devastating illnesses which the Indians had little resistance to
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Union Tank Car Company Firm and Industry background: Union Tank Car Company (UTC) is one of the leader companies in the manufacturing and leasing of railway tank cars in north America‚ having the second largest fleet of privately owned tank cars in the world (55‚920 cars). Throughout the years UTC was strong financially with high Revenues and profits as shown in the company’s financial statements. The tank cars industry is too specialized‚ requires high capital investments and a special
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