Question2 (P47): Facts: Mary is the owner of a successful business selling women’s shoes. She seeks advice from her accountant to expand her business. Susan‚ the accountant‚ tells Mary that she has several options. Issue: • Recommendation for Mary‚ and influences to the advice. • Whether a public entity is the most appropriate entity for her mining venture. • Should Susan incorporate? If so‚ should she adopt a company structure? • Assuming Susan adopts a company structure‚ what type of Liability
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Discuss the various grounds upon which the Court can order that a company be wound up compulsorily. B.H McPherson defines winding-up as a process whereby the assets of a company are collected and realised‚ the resulting proceeds are applied in discharging all its debts and liabilities‚ and any balance which remained after paying the cost and expense of winding-up is distributed among the members according to their rights and interests or otherwise dealt with as the constitution of the company
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Q.1 Define Tort and explain its essential elements. Distinguish Tort from breach of contract and Crime. Ans. The term “Tort” has been derived from the Latin term “Tortum” which means to twist.It means twisted‚ crooked‚ unlawful‚ or a wrongful act rather than an act which is straight or lawful. Tort may be defined as a “Civil Wrong” which is repressible by an action for unliquidated damages and which is other than a mere breach of contract or breach of trust” Tort is a civil wrong as opposed
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Common Law Tradition and Sources of Law Common Law Tradition: In early England‚ there was desire to establish a legal system that did not settle disputes by simply relying on local customs and traditions. Instead‚ there was desire to use a uniform legal system throughout the entire country. “What evolved was the beginning of common law‚ a body of general rules that applied throughout the entire English realm. Eventually‚ the common law tradition became part of the heritage of all nations
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Skokie The Skokie Incident started in the village of Skokie when the National Socialist Party of America wanted to march in Skokie. Skokie is a village with a many residents being Holocaust survivors and a larger number being Jewish. Clearly the holocaust Survivors and fellow citizens of the city were outraged and cried against it. The Nazis with the help of the American Civil Liberties Union were able to fight for their freedom of speech. Some issues brought up with this incident were the First
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Joan sits on the board of directors for a large bank‚ ManBank‚ located in New York City. Bob‚ a friend of Joan’s‚ is looking to start a new airline business and is looking for a loan for $300 million dollars. Joan researches Bob’s background and finds that‚ Bob worked as an assistant regional manager for a mid-western airline company for 12 years and during that time‚ Bob’s region increased sales by 28%. Joan recommended that ManBank gives Bob the $300 million loan‚ using the airplanes
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are often deceiving‚ and that people should not trust the evidence provided by the senses—hence the humble appearance of the lead casket. Faith and charity are the central values of Christianity‚ and these values are evoked by the lead casket’s injunction to give all and risk all‚ as one does in making a leap of faith. Portia’s father has presented marriage as one in which the proper suitor risks and gives everything for the spouse‚ in the hope of a divine recompense he can never truly deserve. The
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Intro Para: Polygamy was a way of life until the Quran was revealed 1400 years ago. When the earth was young and under-populated‚ polygamy was one way of populating it and bringing in the human beings needed to carry out God’s plan. By the time the Quran was revealed‚ the world had been sufficiently populated‚ and the Quran put down the first limitations against polygamy. Verse 4 : 3 - And if you fear that you will not deal justly with the orphan girls‚ then marry those that please you of [other]
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Indian Contract Act‚ 1872. The law relating to contracts in India is contained in the Indian Contract Act‚ 1872. It extends to the whole of India except the State of Jammu and Kashmir from the first day of September‚ 1872. The Act deals with the general principles of the law of contract and some special contracts. The first six chapters of the Act deal with general principles of contracts. Essentials of a Valid Contract (All Contracts are Agreements but all Agreements are not Contracts)
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The High Courts in Malaysia are the third-highest courts in the hierarchy of courts‚ after the Federal Court and the Court of Appeal. Article 121 of the Constitution of Malaysia provides that there shall be two High Courts of coordinate jurisdiction—the High Court in Malaya and the High Court in Sabah and Sarawak (before 1994‚ the High Court in Borneo). Before 1969‚ the High Court in Singapore was also part of the Malaysian courts system (see Law of Singapore). The High Court in Malaya has
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