THE LITTLE ROCK NINE The Separate but Equal was a doctrine that stated that services‚facilities‚and public places could be separated by race as long as other accommodations were equal. This doctrine soon became very controversial; many did not believe in the Separate but equal doctrine because it was not as equal as it portrayed itself to be‚ especially when it came to wanting to receive a quality education. Many fought to have schools desegregated so that African-Americans could attend school
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Mallory ordered the corporate treasurer to cover his mortgage payments of $20‚000 per month using Techno-Corp funds. Subsequently‚ when Techno-Corp began to have financial trouble Mallory borrowed a $1 million unsecured loan in the corporation’s name from Milhouse‚ a wealthy investor. Mallory was given express authority to borrow money for Techno-Corp; unfortunately‚ he has defaulted on this loan. Is Techno-Corp or Mallory liable to Milhouse for the $1 million corporate loan? RULE The general
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Intro: Your honors and may it please the court‚ I alongside co-counsel‚represent small businesswoman Paula Keene. I will explain why it is important to uphold West Virginia Statute 31d-6-622 to maintain the corporate veil and to show that Ms. Keene is not personally responsible for corporate debts accrued by Main Event. My co-counsel will explain why punitive damages should not be awarded against Ms. Keene. Your honor‚ I respectfully request 2 minutes for rebuttal. Theme: Your honors‚ this
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Piercing the Corporate Veil in Australia Ian M Ramsay Harold Ford Professor of Commercial Law and Director‚ Centre for Corporate Law and Securities Regulation The University of Melbourne David B Noakes Solicitor‚ Allen Allen & Hemsley‚ Sydney‚ and Research Associate‚ Centre for Corporate Law and Securities Regulation The University of Melbourne There is a significant amount of literature by commentators discussing the doctrine of piercing the corporate veil. However‚ there has not been a comprehensive
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One of the most important is Separate Entity Concept. It is an accounting Concept which considers a business separately from it’s owner. For example‚ if you (a business owner) will purchase an asset for your personal use‚ that asset will not be the property of the business. So‚ that means that I should separately record all business transaction from it’s owner personal transactions. Overwise‚ there is possibility that the transactions will mix up. Also I have to say‚ that you can not draw funds
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of piercing the Corporate Veil and what is its implement actuality under China company law ? Introduction In regardless of the jurisdictions‚ it is generally accepted that shareholders among a corporation are not liable for the obligations of the corporation in the circumstance where exceed their investments in the corporation. However‚ this limited liability is not absolute that make shareholders exempted from corporation obligations. In certain circumstances‚ the separate legal person of a corporation
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The Principle of Separate Corporate Personality The principle of separate corporate personality has been firmly established in the common law since the decision in the case of Salomon v Salomon & Co Ltd‚ whereby a corporation has a separate legal personality‚ rights and obligations totally distinct from those of its shareholders. Legislation and courts nevertheless sometimes "pierce the corporate veil" so as to hold the shareholders personally liable for the liabilities of the corporation. Courts
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Case of Piercing The Corporate Veil PT Peresseia Mazekadwisapta Abadi (Primaz) Background PT Peresseia Mazekadwisapta Abadi (Primaz) located at Jalan Jenderal Suprapto Komplek Ruko Grosir Cempaka Mas Blok F 14‚ Jakarta Pusat is a company engaged in trading Gold Bars (Precious Metals)‚ which buys and sells Gold Bars (Precious Metals) 24 carat (999 ‚ 9) with a program of regular discounts and warranty repurchase as the initial purchase price. PT Peresseia Mazekadwisapta Abadi (Primaz) offers
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Għ.S.L. Online Law Journal 2013 The Principle of Separate Corporate Personality RUTH BONNICI A commercial partnership has a legal personality distinct from that of its member or members‚ and such legal personality shall continue until the name of the commercial partnership is struck off1 the register.2 This separate juridical personality comes into being upon registration of a new company as one of the first legal effects of registration. The position as it had been under the Commercial
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Separate Business Entity – Conventional And Islamic. Nazrin KB Bismillah Ar-Rahman Ar-Rahim The manner of this short essay is that it will discuss my findings regarding the generally accepted accounting concepts and principles a.k.a. the GAAPs that most accountants and professional accountancy bodies worldwide have‚ in unison‚ established to be the essence of the most ordinary way of businesses treating their everyday activities within the scope of accounting. All businesses do have in their
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