CASE STUDY Third-party motor insurance: Your premiums may see only modest hike By Preeti Kulkarni, ET Bureau | 20 Mar, 2015, 11.47AM IST MUMBAI: The insurance regulator has invited responses to a proposal to increase the third-party motor insurance premium by 14% to 108%. However, industry observers believe that the hike will not be so steep. "Like last year, the hike will be moderated. It may not go beyond 20%," said a senior executive[->0] of a private general insurance company. In February
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Running Head: Business Law Business Law Oweya Vincent Makaya University of Nairobi THE COMPANY AS A JURISTIC PERSON VERSUS RESPONSIBILITY FOF THE DIRECTOR’S ACTIONS. Introduction: For a very long time a company has been treated as a corporate entity or a juristic person. In fact the concept of limited liability stems from this premise. Despite being an artificial person a company is wholly a creature of human beings, by human beings and for human beings. It solely
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tamucc [Company address] Smackey Dog Food is a family owned and operated company that began as a dream of two sister’s and its meager beginnings were established in the kitchen of their home. The business has become more profitable and thus the sisters have a need to expand the business into a larger facility. There was a need to hire additional employees in order to meet the demand for the increase in Smackey Dog food orders. With the increase in sales the women decided to embark on a
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1) Explain the legal and regulatory aspects of board management and good practices. * Separate legal personality * Corporate liability * Duties: * Duty to Act in Good Faith and for Proper Purpose s132(1) * Hogg v Cramphorn Ltd [1967] Ch 254 – TB * Multi-Pak Singapore Pte Ltd v Intraco Ltd [1994] 2 SLR 282 * Creanovate Pte Ltd and another v Firstlink Energy Pte Ltd and another appeal [2007] 4 SLR(R) 780 * Bishopsgate Investment Management
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the general legal environment. Specific aspects that could raise operational risks in Islamic banks include the following: (1) The cancellation risks in non binding murabahah and istisnah[’a contracts. (2) Problems in internal control systems to detect and manage potential problems in operational processes and back office functions. (3) Technical risks of various sorts. (4) The potential difficulties in enforcing Islamic Finance contracts in a broader legal environment, (5)
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clarification, if needed, regarding the paper will be instantly responded. Regards. ___________________ Saima Sultana Acknowledgement In preparing this report, I am beholden to the most venerable teacher Mr.x, Faculty, Department of Business Administration, IIUC for his guidance and supervision for furnishing this term paper. I am very much pleased on him for his continuous encourage to undertake the term paper, to collect, analyze data and finally editing, presentation of the findings
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Imperial Chemical Industries Ltd v Shatwell House of Lords LORD REID, VISCOUNT RADCLIFFE, LORD HODSON, LORD PEARCE AND LORD DONOVAN LORD REID. My Lords, this case arises out of the accidental explosion of a charge at a quarry belonging to the appellants which caused injuries to the respondent George Shatwell and his brother James, who were both qualified shotfirers. On 8 June 1960, these two men and another shotfirer, Beswick, had bored and filled fifty shot holes and had inserted electric
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Week 1 Knowledge Check The material presented below is not meant to be a comprehensive list of all you need to know in the content area. Rather it is a starting point for building your knowledge and skills. Additional study materials are recommended in each area below to help you master the material. Personalized Study Guide Results: Score: 15 / 15 Concepts | Mastery | Questions | Employment at Will | 100% | * 1 * 2 * 15 | Major employment laws | 100% | * 3 * 4 * 5
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of any business decision. The risk management process involves identifying, analyzing, and taking steps to eliminate or reduce the loss faced by an organization or individual. Risk management utilizes many tools and techniques, including but not limited to insurance, to manage a wide variety of risks. All businesses encounter risks, some of which are predictable and controllable, and others which are unpredictable and uncontrollable. Risk Management is particularly vital for any business. Common
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definition is the person who pays the professional or organization for services; the person who engages the professional for their advice or services they render. (Legal Dictionary) For these services the client must cooperate with the accountant in every aspect the accountant deems fit, within the scope of their profession. The accountants responsibilities to the client include to act with integrity, objectively, due care, competence, fully disclose any conflict of interest, maintain client confidentiality
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