COMPLAINCE WITH THE PROVISIONS OF THE ESTATE AGENCY AFFAIRS ACT BY ESTATE AGENT AND MANAGING AGENTS 16. Applications for and issue of fidelity fund certificates and registration Certificates. 1) Every estate agent or prospective estate agent, shall, within the prescribed period and in the prescribed manner, apply to the board for a fidelity fund certificate, and such application shall be accompanied by the levies. The Act defines an estate agent as any person, estate agent, managing agent
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relationship has the power to terminate it at any time. 11. Rob agrees to act as an agent for Diane in selling her car. Diane has a duty of loyalty to Rob. 12. Kaiya is a sales representative of TriColor. Kaiya owes a fiduciary duty to TriColor. 13. A principal must indemnify an agent for any expenses incurred in carrying out agency responsibilities, but the principal will not be responsible for indemnifying an agent for any expenses not expressly
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1. Easy Groceries Pty Ltd: the Company Issue The issue here is Easy Groceries Pty Ltd is liable for the debts incurred as a separate legal entity to its directors and shareholders? Or will its directors be personally liable for its debts? Law Upon incorporation, a company becomes a separate legal entity from its directors and members (s119). It can sue and be sued, acquire assets and debts, and enter into contracts in its own name. Its existence can lasts a lifetime as well. The Doctrine of
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1) Yes, I believe that Project Share is altruistic in nature and serves the greater good of man and it is also a good business decision for the company. I have postulated some of my thoughts on the writings of Milton Friedman. While I have no objections to giving back to the community and doing social good, I do believe that a majority of the money, time and effort should come from employee contributions rather than corporate dollars used for funds, grants and scholarships. Companies should limit
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92314 (323) 340-4000 October 1, 2015 Mr. Jeff Gellar 885 Seventh Avenue Los Angeles, Ca 93535 Dear Mr. Gellar: Recently you wrote to us about the possibility of filing a lawsuit against Mr. Smith for Breach of Contract and other Fiduciary Duties, Fraudulent Transfer and Violations of Corporation Laws. Specifically, you have asked for advice on the question whether Smith breached a contract with you and the other contract attorneys under the circumstances described below. After researching
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he pressured Alliance to purchase the shares even though the company was on the downfall. The actions of both these individuals caused Alliance to be charged with "breach of contract, breach of covenant of good faith and fair dealing, breach of fiduciary trust, negligence, gross negligence.” Injured Parties and Effects The purchase of shares in Enron by Alliance caused Florida State’s Pension Plan to lose over $334 million after they bought and sold Enron stocks right before Enron declares bankruptcy
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pwc.com.au A guide to directors’ duties and responsibilities for non-listed public companies and proprietary companies in Australia Contents 1 Executive summary 1.1 1.2 2 Sources of company law in Australia Summary 1 1 1 2 2 2 3 3 3 4 5 6 6 6 7 7 7 8 8 9 9 9 11 12 Common law duties 2.1 2.2 2.3 2.4 2.5 2.6 2.7 Duty to act bona fide (In good faith) in the interests of the company as a whole Duty not to act for an improper purpose Duties of care and diligence Duty to retain discretion Duty
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Global Crossing (GBLX) Global crossing was founded by Gary Winnick, David L. Lee, Barry Porter and Abbot L. Brown in 1997 through a company called Pacific Capital Group (Winnick’s personal venture group). Global crossing provided computer networking services worldwide. The company offered transit and peering links, Virtual private network, leased lines, audio and video conferencing. Its customer base ranged from private individuals to large enterprises and other carriers. Global crossing suffered
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Directors perform various duties within a company and these involve the coordination, leading, controlling and planning of a company’s resources so that set objectives and targeted are achieved. According to Abbort (1996), Directors are persons to whom the management of the company is entrusted. In Zimbabwe every company has the statutory obligation to have at least two directors of them one shall be a true ordinary resident of Zimbabwe; this requirement is according to the Companies Act (24:03)
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people actively participating on establish company, doing passively role in establish company and establish the company using his/her own professional knowledge, and companies. According to the case Aequitas v lefc, the promoter stands in a “fiduciary” duty when forming a company. The promoter should avoid personal gain from the activity of forming company, and should make the principal inform of every activities of the company forming, and should disclose any profit or potential benefit conflict
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