Contrary to some belief, accounting is not a “walk-in-the-park” career. Accountants do not sit at a desk one-hundred percent of the time crunching numbers that always add up perfectly. In fact, accounting fraud is one of the largest scandals found today. When an accountant enters an engagement with a client, who are they liable to? Certainly not just to the client, but also anyone who could negatively be affected by a material misstatement, as well as the government. These responsibilities are
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School of Law, ChristUniversity LAW OF TORTS SCOPE AND EVOLUTION OF JOINT TORTFEASORS ANANTH KAMATH M 1416016 I BA.LLB ‘A’ Introduction Joint tortfeasors are two or more people who negligently act as a group to cause damages to another person. Joint tortfeasors are generally all responsible for the damages, meaning all individuals involved in the action are equally responsible to paying for the damages regardless if someone had more involvement than another individual
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Proprietorship is one individual or married couple in business alone. Sole proprietorships are the most common form of business structure. This type of business is simple to form and operate, and may enjoy greater flexibility of management, fewer legal controls, and fewer taxes. General Partnership A General Partnership is composed of 2 or more persons who agree to contribute money, labor, or skill to a business. Each partner shares the profits, losses, and management of the business, and each
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M/S. SUNIL INDUSTRIES Vs. RAM CHANDER PRADHAN & ANR. Coram S. Rajendra Babu, S.N. Variava Citation , , , , Head Notes Head Notes not found Subject Subject not found Judgment PETITIONER: M/S. SUNIL INDUSTRIES Vs. RESPONDENT: RAM CHANDER PRADHAN & ANR. DATE OF JUDGMENT: 14/11/2000 BENCH: S. Rajendra Babu, & S.N. Variava, JUDGMENT: S. N. VARIAVA, J. L...I...T.......T.......T.......T.......T.......T.......T..J This Appeal is against an Order dated 7th May, 1997 by which the first
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Business Organization BUS 210 Bill Wigton Joint-Stock Company A Joint- Stock company is owned by shareholders, each one shares a portion of the company. For example; Mr. Equis designed a glass company that would specialize on building custom shower doors. He sets up a meeting with a group of possible investors, presents his business plans and offer to sale up to 40% of the shares in order to start the business he will keep control of the company by owning 70% of the shares. Limited
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Case Digest: L.C. Big Mak Burger Inc. vs. McDonalds Facts of the case: Petitioner McDonald’s operates an international chain of fast food restaurants. McDonald’s owns a numerous marks, one of which is the “Big Mac” mark for one of its hamburger sandwiches. McDonald’s registered this trademark with the US Trademark Registry, and based on this registration, McDonald’s applied for the registration of the same mark in the Principal Register of the Philippine Bureau of Patents, Trademark and Technology
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Occupy Santa Clara notes: -Occupy is a movement against private corporations or personhood ones -“I’ll believe corporations are people when Texas executes one of them.” -Corporations in texas and across the country are recognized as legal persons make the process of dissolving them far easier and less costly than it would be - corporate personhood allows business firms to enter into contracts, to sue and be sued, to hire and fire workers, to own other corporations, and, most notoriously, to engage
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Types of businesses in UK? The private sector has different categories which are sole traders, partnerships, companies and franchises. A sole trader is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. Being a sole trader is considered the simplest way to run a business as it does not involve paying any registration fees. You must register as self-employed, keeping records and accounts is straightforward
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and any scholarship agreement or contract cannot be contray to any provisions of law. Besides that, to form and sign a contract ,we must contain the 6 element. There are offer, acceptance, consideration, certainly, capasity and Intention to create legal relation(ITCLR). Offer is when anybody filling to offer a offering to anybody or any contract.Acceptance is a offer that have given to someone and the person have agree and accept the offer. Consideration is at the desire of the promisor, promise has
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Judgement: The answering of above questions will get us the answer for the suit. 1. Section 16(c) of the Contract Act provides answer t this problem. It mandates that Person to aver in the plaint and establish the fact by evidence aliunde that he has always been ready and willing to perform his part of the contract. Distinction between “readiness” and “willingness” is that the former refers to financial capacity and the latter to the conduct of the person wanting performance . Person’s readiness
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