Meaning of Liquidation Liquidation or winding up is a legal term and refers to the procedure through which the affairs of a company are wound up by law. Winding up of a company has been defined in the companies Act‚ 1956 as “the process whereby its life is ended and its property is administered for the benefit of its creditors and its members. An Administrator called Liquidator‚ is appointed and he takes control of the company‚ collects its assets pays its debts and finally distributes any surplus
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Internal Recruitment The assessment of an employer’s current staff to ascertain if any current employees are sufficiently skilled or qualified to perform required job vacancies. When a business engages in internal recruitment‚ a current employee might be reassigned to the new position by giving them either a promotion or an internal transfer. Advantages of Internal Recruitment Reduced Recruiting Costs There are costs associated with recruiting‚ especially when your search is conducted outside of
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Discuss the processes available in alternative dispute resolution and explain its advantages and disadvantages. Alternative Dispute Resolution (ADR) involves dispute resolution processes and techniques that fall outside of the government judicial process. There has been moves against ADR in the past by entities of many political parties and their associates‚ despite this‚ ADR has gained inclusive acceptance among both the broad community and the legal profession in past years. In fact‚ many courts
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Contracts Contracts are an important part of everyday life. They are an essential part of business. As a student of a business law class‚ I will discuss in this paper several aspects of contracts. This paper will give a definition of a contract and the essential elements necessary to form a valid contract. It will briefly discuss breach of contract and the difference between a material breach and a nonmaterial breach of contract. Examples of legal and equitable remedies available for breach
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ESSEX INTERNATIONAL COLLEGE Programme: Unit Number: Unit Title: Unit Code: Credit Value: QCF Level: BTEC Higher National Diploma (HND) in Business 05 Aspects of Contract and Negligence for Business Y/601/0563 15 4 Writer of the brief: Internal Verifier name: Mr Alfred Dr. Keith Learning outcomes and criteria covered by this assignment: All pass criteria All merit descriptors All distinction descriptors Key dates: Assignment distribution date to learners: Assignment/Portfolio
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ORGANIZATION‚ EMPLOYEE AND COMMUNITY RELATIONS EMPLOYEE’S DISMISSAL PROCEDURE IN MALAYSIA: AN OVERVIEW TABLE OF CONTENTS Items 1. Introduction 2. Definition Of Employee ’s Dismissal 3. Misconduct And Types Of Misconduct 4. Malaysia ’s Law Covering Employee ’s Dismissal 5. Dismissal Procedures 6. Protection Against Wrongful Dismissal 7. Statistic of Dismissal Case In Malaysia 8. Court Cases Involving Employees Dismissal References 2 INTRODUCTION Dismissal is one of the important aspects when
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PRINCIPLES OF ENGLISH CONTRACT LAW Prepared by lawyers from www.a4id.org TABLE OF CONTENTS I FORMATION OF A CONTRACT A. OFFER B. ACCEPTANCE C. CONSIDERATION D. CONTRACTUAL INTENTION E. FORM II CONTENTS OF A CONTRACT A. EXPRESS TERMS B. IMPLIED TERMS III THE END OF A CONTRACT – EXPIRATION‚ TERMINATION‚ VITIATION‚ FRUSTRATION A EXPIRATION B TERMINATION C VITIATION D FRUSTRATION VI DAMAGES / REMEDIES BASIC PRINCIPLES OF ENGLISH CONTRACT LAW INTRODUCTION
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Alternative Dispute Resolution Paper Thelma Acosta Business Law/531 October 4‚ 2010 Michael A. John Alternative Dispute Resolution Paper Working in groups has become a key in grade schools‚ university‚ and work places. Working in teams is not as easy as everyone may think; clear communication and teamwork makes an effective team (eHow‚ n.d.). As one may know there can be disagreements‚ disputes‚ arguments‚ or rule of violations within team members which cannot be resolved within
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Harrison asked Sadia Warsame to write reports on the Contract of Employments. This report will be used to help the readers to gain more Knowledge and Information. 2.0 Procedure Information was obtained by 2.1 Visiting www.acas.org.uk . 2.2 Reading a book called Glossary of Employment Terms by Peter Chandler. 2.3 At work from colleuages. 3.0 Findings 3.1 Contract of Employment. Contract of Employment is a contract between an employer and employee‚ established after
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Organisations cannot operate without communication. Communication can take various forms but all forms involve the transfer of information from one party to others. It is also one of the things that most companies struggle with. A big part of the challenge is that there are so many different people you have to communicate with and it often has to be done in different ways. Communications are at the very heart of all business activity. So it is essential that people in a company assess such practices
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