must submit your assignment in accordance with Holmes Institute’s policy on submission of assessments. 2. Maximum marks available: 20 marks. 3. You should refer to the prescribed textbook, other recommended textbook, and relevant Acts and cases in your answer. 4. Maximum word length is 2000 words. 5. This paper is due on Friday 19thAugust 2011 by 5pm. Question 1 Introduction to Companies King Kong is a very successful large banana wholesale business owned by Mr Ken Kong. The
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company is considered as a separate legal entity and the company’s assets are its own. The company’s liabilities are also its own and the shareholders and directors of the company are not personally liable. This is also exemplified in the case of Saloman v A Salomon & Co Ltd (1987) where the court held that the shareholders are not liable for the firm’s liabilities. Exceptions to this are when the directors are fraudulent or incur debts without the reasonable prospect of payment. These would render
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213-255_Trevino_08p4.qxd 6/21/06 5:18 PM Page 213 PA R T IV ETHICS AND THE ORGANIZATION 213 213-255_Trevino_08p4.qxd 6/21/06 5:18 PM Page 214 CHAPTER 8 ETHICAL PROBLEMS OF ORGANIZATIONS INTRODUCTION In the third quarter of 2002, the Brookings Institution, a Washington, D.C., think tank, estimated that the corporate scandals that began with the Enron debacle in late 2000 would cost the U.S. economy $35 billion. That is the equivalent of a $10 increase
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to first explore the position of common law in this field of law. As a point of departure, the company is equal in law to a natural person. This is one of the cornerstones of South African company law, and has been since 1897 handed down in the Salomon case namely that a company is a legal entity distinct from its shareholders. It allows a company to perform juristic acts in its own name, as well as to sue and to be sued. Further, members and directors enjoy protection against personal liability
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Critically analyse as to what extent the corporate veil has maintained a separate legal identity between a corporation and its incorporators and critically assess as to whether t ‘piercing of the veil’ doctrine has served its purpose. The case of Saloman v Saloman established the principle that the company is a separate legal identity from its share holders or owners. This simply means at law the company is viewed as a separate being from its incorporators. A company may incur a debt and only
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DIPLOMA IN MANAGEMENT STUDIES Main Examination BUS015 Business Law Wednesday, 1st June 2011 2:15 pm – 5:15 pm ______________________________________________________________________ Time allowed: 3 hours ______________________________________________________________________ INSTRUCTIONS TO STUDENTS: 1. This examination contains FIVE (5) questions and comprises SIX (6) printed pages (including cover page). This examination paper contains 3 sections (A, B and C) with a total of 100 marks as follows:
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Table of Contents Synopsis. 1 Introduction 2 Types of companies. 2 Process of setting up a company. 4 i. Pre-registration 4 ii. Registration 5 iii. Post registration and ongoing requirements. 6 Choice of companies 7 Advantages and Disadvantages 7 Liability 8 Conclusion 9 Bibliography 11 Synopsis. There are many types of company that Ted can establish, but the ones that Ted should consider are companies limited by shares and unlimited companies, either
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level: achieve on the motivation and behaviour 1.12 Carnegie and Napier(1996) - X accept a/cting as a 'value-free body"…… NSW WATER "RIPOFF" 1.13 Shows how a/cting info prepared and used in ways to produce outcomes that could cause changes in society. Case 1.1 1.11 Theoretical analysis of social impact example Fig1.1 Page 1 of 16
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level: achieve on the motivation and behaviour 1.12 Carnegie and Napier(1996) - X accept a/cting as a 'value-free body"…… NSW WATER "RIPOFF" 1.13 Shows how a/cting info prepared and used in ways to produce outcomes that could cause changes in society. Case 1.1 1.11 Theoretical analysis of social impact example Fig1.1 Page 1 of 16 SEMESTER 2 2011 CPA 118
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Corporate Social Responsibility & the Law Assessment 1: Individual Essay Introduction Corporate Social Responsibility (CSR) is defined by Ferrell et al (2011) as “an organisation’s obligation to maximize its positive impact on stakeholders and minimize its negative impact”. CSR can therefore be viewed as a corporation's agreement with the world. CSR is most commonly used alongside the “ethics” term but they actually differ as ethics are the guidelines to be used for business decision
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