assets that aren't protected by state exemption laws. However, Mr Ravi later incorporated the business and set up a company, Ravi Carpet Sdn Bhd in April 2011. When a company is incorporated it is vested with legal personality. This means that in the eyes of the law, a company is treated as a legal person. When a company becomes incorporated under the Companies Act 1965, the following occurs: - The company is a body corporate with the powers of an incorporated company; - It may sue and be sued in its
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Bus-101 Kevin Lentz 06/2013 Chapter 1 Rooftop Restaurant and Lounge will enter into a market with perfect competition. With perfect competition Rooftop Restaurant and Lounge will have an infinite number of consumers with the willingness and ability to buy our products at a certain price. It would also have an infinite amount of producers with the willingness and ability to supply the products at a certain price. Rooftop Restaurant and Lounge is a new fine dining restaurant and lounge
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Dodson Vs. Shrader 824 S.W. 2d 545 Parties of the Case • Defendant is Shrader • Plaintiff is Dodson Case Controversy • Was the contract voidable to Dodson, and should Dodson receive his money back from Shrader Facts of the Case • Defendant is Shrader • Plaintiff is Dodson • Dodson was 16 years old • Dodson paid with borrowed money his girlfriend’s grandmother • On April 7, 1987 Dodson purchased a truck from plaintiff for $4900 • On December, 1987 during a mechanical check up Dodson
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GIST OF THE FINDINGS by S.U.Khan J. 1. The disputed structure was constructed as mosque by or under orders of Babar. 2. It is not proved by direct evidence that premises in dispute including constructed portion belonged to Babar or the person who constructed the mosque or under whose orders it was constructed. 3. No temple was demolished for constructing the mosque. 4. Mosque was constructed over the ruins of temples which were lying in utter ruins since a very long time before the
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Euro off four-month high by Alice Ross The euro remained close to a four-month high but pared some gains as risk-related currencies pulled back ahead of uncertainty over monetary easing plans in the US in the week ahead. The euro traded below $1.28 for much of the day, having earlier hit a session high of $1.2812 following a global risk rally sparked by the European Central Bank’s plans to buy government bonds to help address the eurozone debt crisis outlined last Thursday. Currency analysts
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obtain the payment from the bank, the documents presented to the bank by the seller-beneficiary on their face strictly confirm with the terms of the credit. MEANING OF STRICT COMPLIANCE:- In general, Doctrine of Strict Compliance referred to as a legal principle which provides that the bank is entitled to reject documents which do not strictly conform to the terms of the credit. The doctrine provides that in order to receive the payment from the bank the seller/beneficiary is required to tender
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their cliental. Therefore, they must look into restructuring their business in effort to remain afloat. As their business advisor, I would carefully explain the three different legal forms of business organization (sole proprietorship, partnership and corporation). I would begin by informing them of their current legal form of business which is sole proprietorship. Seeing the fact that they are currently operating under this entity, they should be aware of its advantages such as retaining all profits
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LIT 1 – Task 1 | SUBDOMAIN 310.1 - BUSINESS LAW | Competency 310.1.2: Organizational Forms | | | | The following report will summarize the key differences between the various forms of legal business entities. The ownership forms covered will include sole proprietorship, general partnership, limited partnership, C-corporation, S-corporation, and Limited Liability Company. Also included will be a brief recommendation of the most appropriate form of ownership for the given manufacturing
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Good Samaritan Act Colorado/Louisiana LaNita D. Scott Afternoon Class February 28, 2013 Good Samaritan Act Colorado/Louisiana The Good Samaritan Act is legal terms in which refers to individuals who in good faith, volunteer to help other individuals in need of medical attention. In return the person giving the help must be responsibly with the injured person life. Each state offer good Samaritans immunity for assisting. For those good Samaritans who negligent cause the injured person more
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Chapter 4 LEGAL RESPONSIBILITIES OF THE INDEPENDENT AUDITOR Statutory Law A. Securities Act of 1933 B. Securities Exchange Act of 1934 C. RICO Act D. Private Securities Reform Act of 1995 I. Common Law A. Clients B. Third Parties C. Burden of Proof D. 1136 Tenants Case II. Terms A. Ordinary Negligence B. Gross Negligence C. Fraud D. Joint and Several Liability
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