FREQUENTLY ASKED QUESTIONS 1. What is a cooperative? A cooperative is a duly registered association of persons with a common bond of interest who have voluntarily joined together to achieve a lawful, common social or economic end and who contribute equitably to the capital required and accept a fair share of the risk and benefits of the undertaking in accordance with universally accepted cooperative principles [Chapter I Art.2 Sec.8 of RA 6938]. 2. What government agency is charged with promotion
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slip, like in this case. Not even a railroad, an airline or any other public carrier is an insurer of the safety of their passengers where its instrumentalities are not defective or its employees are not negligent. Therefore, there is simply no legal liability in this
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Liability for Alice's Death I am asked to advise in relation to the death of Alice, as it appears that Noah may have contributed significantly to this death. According to the facts, the death of Alice appears to have been caused by the events preceding Noah leaving the vessel in the life raft. The question is whether this act would amount to involuntary manslaughter, given that there would be insufficient grounds for a charge for murder given the lack of intent. The modern test for involuntary
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company on the behalf of the shareholders of the company. It is under the law stated in The Corporations Act 2001 s198A (1), “the business of the company is to be managed by or under the direction of the directors. All directors have a fundamental legal duties and responsibilities (Australian Institute of Company Directors (AICD), n.d.). A public company must have at least 3 directors (not counting alternate directors). At least 2 directors must ordinarily reside in Australia (Australian Securities
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A++PAPER;http://www.homeworkproviders.com/shop/acc-561-week-2/ ACC 561 WEEK 2 You are interested in establishing a small business, and you must decide which form of business organization would best suit your unique product or service. Consider legal, tax, accounting, and other implications when selecting from the four business types. Write a paper of no more than 1,250 words discussing your small-business idea. Include the following: The advantages and disadvantages of the different
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existing contractual obligations ( it was a “mere cloak or sham” used as a device ( corporate veil was lifted. Agency relationship of holding company & subsidiary ❖ Adams v Cape Industries: Subsidiary companies will be treated as separate legal entities. ➢ *C, holding company, set up subsidiaries in US specifically to evade US product liability laws. ➢ Holding company was not present in the US even though its wholly owned subsidiaries were ( holding company’s assets cannot be attacked
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LIT1 Task 1 part A Sole Proprietorship- This is the most common way to do a startup business in the US. There is no distinction between the owner and the business. This is owned by one person * Liability- The owner of the business is solely responsible for all liability (unlimited liability) * Income Taxes- The owner of the business pays taxes on the income generated as ordinary income. For tax purposes, all income needs to be reported on their personal tax forms. * Continuity-When
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Courtroom Workgroup Bobbi Knapp CJA/204 August 3, 2015 A. Michael DeFranco Courtroom Workgroup The courtroom work group entails courtroom personnel including the judge, the bailiff, the court reporter, the clerk of court, the local court administrator, prosecuting attorney, the defenses counsel and expert witnesses. This group of individuals have frequent an ongoing interactions on a daily basis. As each member of the courtroom workgroup fulfill the duties their profession expects, they
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proprietor. Since there is no separation in the legal entity between the proprietor and the business, all personal assets become attached to the debt of the business. Another disadvantage can come at the time, or untimely of death of the proprietor. There is no automatic continuation of the business. The business becomes part of the owner’s estate and can become subject to probate and “death tax”. • Liability- You risk everything, there is no legal separation between the business and the individual
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P1- Describe the type of ownership, purpose and ownership of two contrasting Businesses |Key Content: | |Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, | |secondary and tertiary)
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