ASSIGNMENT 1 | BUSINESS LAW | | AHMER HAMMAD KHAN (7655) | 2/1/2011 | | Sources of Pakistani Mercantile Law Mercantile law is a part of civil law. It governs and regulates the trade and commerce in the country. Mercantile law deals with the needs of a business man. This includes laws relating to insurance, partnerships, contracts, companies, negotiable instruments, arbitration, carriage of goods etc. A mercantile law in Pakistan is taken from the English law. So it follows the
Words: 1223 - Pages: 5
Jurisdictions and Statutes allow different states and judicial courts to take different actions against any lawsuits that may arise, whether on a personal or professional level. Each state has different laws that may prevent them from doing something that is allowed in another state. For example, the state of Montana highways do not have a speed limit, but they indicate that they must use their best judgment when driving and still be aware of safety measurements that still exist. In the state of
Words: 1006 - Pages: 5
Lecture 1: Introduction to Company Law Lecture 1 Introduction to Company Law Master in International Business International Business Law Francisco Aránega 1 Lecture 1: Introduction to Company Law A.- WHAT IS A COMPANY? An association of persons or entities formed for the purpose of some business or undertaking, which: (i) (ii) has legal personality (the capacity to be independently subject to rights and obligations) separate from that of its members (shareholders);
Words: 3372 - Pages: 14
founder Jimmy Wales Read now Alternative dispute resolution From Wikipedia, the free encyclopedia Jump to: navigation, search | This article needs attention from an expert in Law. Please add a reason or a talk parameter to this template to explain the issue with the article. WikiProject Law or the Law Portal may be able to help recruit an expert. (November 2008) | | This article needs additional citations for verification. Please help improve this article by
Words: 6090 - Pages: 25
State of Confusion Nishman N. Huffman III Bus/415 Business Law July 25, 2011 Kathryn Harris In this day in age, new business is always looking for a way to make a fast dollar. There is an old saying of “he who has the gold makes the rules”! In this particular case the state of Confusion has found a way to make money. Now to give more background on this particular situation, the state of Confusion has set a law in place that requires all trucks that are towing trailers use a special type of
Words: 1053 - Pages: 5
legal issue is whether agreement of Sam and Matt is valid to form a legally enforceable contract. STEP 2: Explain the rule(s) of law with reference to relevant authority. To form a legally enforceable contract, agreement, intention and consideration are the three main elements. If one or more of the elements are not established then no contract is deemed to exist at law (Monterosso 2014). The elements of intention to be legally bound and of agreement are assumed to exist. The element that needs to
Words: 2102 - Pages: 9
Business Law II Research Paper The advantages, from a liability standpoint, of a business incorporating and that given a business is going to incorporate…the difference in tax treatment between a C-Corp, Subchapter S and an LLC When businesses are started, one consideration that must be made is what type of business it will be. Many decide to incorporate themselves and look to the advantages they may gain from this. Liability may be one of the biggest advantages to incorporating
Words: 4128 - Pages: 17
1.0 INTRODUCTION In this 21st century the distinction between an employee and an independent contractor or self employed is difficult but an imperative one. An employee may be said to be an individual employed under a contract of employment and there is existence of employment relationship, while an independent contractor of self employed are persons entering a contact for service. For instance, if I require the services of a security guard from an outsourcing company, they security guard would
Words: 2212 - Pages: 9
The law Overview of Australian contract law Formation A contract is a promise or a set of promises that is legally binding. In this context a promise is an undertaking by one person to do something or refrain from doing something if another person does something or refrains from doing something or makes a promise in return. A promise or set of promises will be legally binding if certain criteria are met. In Australia this requires that there be an agreement (comprising an offer and acceptance)
Words: 2056 - Pages: 9
Semester II Examination Papers IIBM Institute of Business Management IIBM Institute of Business Management Semester-II Examination Paper MM.100 Business Law Section A: Objective Type (30 marks) • This section consists of Multiple choice questions & Short Notes type questions. • Answer all the questions. • Part One questions carry 2 marks each & Part Two questions carry 4 marks each. Part One: Multiple choices: 1. A condition cannot be treated as warranty in the following circumstances
Words: 923 - Pages: 4
