I. Type of business according to ownership in the field of business ownership, we chose the partnership, two or more people share ownership of a single business. Contracts got binded between two partners to place their capital, labor, and skills with the understanding that there will be a sharing of the profits and losses among partners. Like proprietorships, the law does not distinguish between the business and its owners. The partners should have a legal agreement that sets forth how decisions
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Chapter 17 | | respondeat superior | Latin for “let the master respond.” A doctrine under which a principal or an employer is held liable for the wrongful acts committed by agents or employees while acting within the course and scope of their agency or employment. | agency | A relationship between two parties in which one party (the agent) agrees to represent or act for the other (the principal). | apparent authority | Authority that is only apparent, not real. In agency law, a person
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the lack of consideration as a defense (promise still enforced) Chapter 16 Statute of Frauds – stipulates what type of contracts must be in writing Collateral promise – made by a third party to assume debts of a primary party to a contract if that party does not perform, must be in writing Prenuptial agreements – made before marriage to define each partner’s ownership right in the other’s property, must be in writing Parol evidence rule – if a court finds that a written contract represents
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Creation of co-ownership may happen in 3 main ways: Creation by common law (presumption) Creation by statute Creation by equity (presumption) Different presumptions exist under law and equity where there is no express or implied intention set out in the transfer documentation as to the type of co-ownership In absence of express or implied indication of the form of co-ownership the common law will presume an intention to create a joint tenancy, whilst equity will presume an intention to create
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Organization A Joint Stock Company is a type of corporation or relationship between two businesses or companies similar to a partnership. Often, certificates of ownership called stock can be issued by the business or company in exchange for additional contributions. The shareholders in these companies or businesses are able to transfer their shares or ownership interest at any time by selling their stock to others. Specifically, there are only two types of joint stock companies. These are private
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Unit 1 Business Environment P1 Describe the type of business, purpose and ownership of two contrasting businesses. Introduction For this part of my unit one coursework, I have chosen to look at two different business organisations; Tesco Plc from private and Oxfam from voluntary sector. I will describe the type of ownership, purpose and scale of these two businesses. Tesco Tesco is the biggest private sector employer in the UK. It has stores in 14 countries across Asia, Europe and
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In the world of business there are a couple ways a company would be able to succeed when they are faced with hard struggles. The writer will introduce two different type of options that could achieve success for an organization. This includes debt and equity financing and which option is better for certain organizations. The writer will then conclude with his recommendations which could accommodate certain industries. These options allow team of analysts to better serve a business in order to
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TERM PAPER EFFECT OF DIVERSIFICATION ON FIRM VALUE IRENE TIURMA SIAGIAN 1.0 INTRODUCTION Corporate diversification reveal both benefits and costs to a company. Company can benefit from diversification through the creation of internal capital markets (Williamson, 1970), higher debt capacity (Lewellen, 1971; Shleifer & Vishny, 1992) and economies of scope (Teece, 1980). Meanwhile, the costs of diversification stem mainly from agency problems. Managers may diversify to protect their
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Governance and Export By RAOUL MINETTI†, PIERLUIGI MURRO‡ and SUSAN CHUN ZHU† †Michigan State University ‡Lumsa University Final version received 20 June 2015. This paper investigates the effects of family ownership on export using rich data on Italian firms. We find that family ownership increases the probability that firms export. This benefit is especially pronounced when family owners retain control rights and seek the support of external managers. The results suggest that families better internalize
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(rules: manner of attachment, charter of the article and manner of adaptation; custom windows, church pews, custom designed furniture) 9. Personal Property: Non-permanent structures; personal and household goods, intellectual property, music 10. Types of ownership estates: a. Direct: tenancy in common, joint tenancy, tenancy in entirety b. Indirect: LLC, Partnership, Corporation, REIT,
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