Corporation Statement of Facts: Sandra Seller wants to form a corporation. She has a thriving business in which she buys cheap jewelry and then re-sells it at her store at a substantial profit. She needs some extra cash right now to buy a new store and she does not want to risk her personal assets by taking out a loan. Therefore‚ Sandra has decided to form a corporation. Sandra would like to sell shares of her business to anybody who is willing to invest in her company‚ but she wants to limit the total number
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AB1301 Business Law 2012/13 Semester 1 TABLE OF CONTENTS CHAPTER 3: OFFER AND ACCEPTANCE ........................................................................................... 1 3.1 Offer ........................................................................................................................................... 2 3.2 Acceptance ................................................................................................................................ 3 3.1 Electronic
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statements in this document are at variance‚ or in any way inconsistent‚ with the provisions of the Act or Rules‚ the latter will prevail. Wherever appropriate‚ reference to case laws‚ representing decisions of Court in India and other countries have been indicated to facilitate better understanding of the law. This draft manual is evolutionary and will be updated from time to time in the light of important judgments and decisions of courts involving interpretation of the provisions
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Chapter one Business Law Law is a set of rules‚ enforceable by the courts‚ which regulate the government of the state and governs the relationship between the state and its citizens and between one citizen and another. There are various ways in which the law may be classified; the most important are: * Public and private law * A) Public law is concerned with the relationship between the state and its citizens. Specialised areas are: 1. Constitutional law is concerned with the workings
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Ethics Case Study: Coca-Cola Business Law April 21‚ 2013 In the case of Coca-Cola vs. Joya Williams for conspiring to steal trade secrets and then sell them to a competitor‚ Joya Williams showed that she was very unethical and lacked judgment in how she handled herself. The fact that she was in deep debt and was unhappy with her job should not have meant that she needed to steal from her employer so that she could get ahead. Many people are in the same boat that she was in but
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General Introduction and Comparision of Contract Laws between China and America Name: Yingxi Pu 1 Contents I. Concepts and Features of Contract and Contract Law A. Concept and Features of Contract 1. Concept of Contract 2. Features of Contract B. Concept and Features of Contract Law 1. Concept of Contract Law 2. Features of Contract Law II. Comparison of Development History and Textural Difference between Chinese and American Contract Laws A. Different Development Histories of Contract Legal
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Laws are an intrinsic part of our lives and are necessary for the common good and welfare of society. Black’s Law Dictionary‚ as quoted by Melvin (2012)‚ defines law as a “body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force.” In other words‚ laws are rules of behavior that are legally binding and are enforced by a controlling authority. Laws affect many aspects of our lives in ways that we may not even think about: we pay our taxes‚ observe
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Law Business Law. . March 21‚ 2005 Every year business and individuals file for bankruptcy it has almost become common practice to do so. Bankruptcy is a legal procedure that begins when an individual or business that can’t pay their debts to creditors. Sadly enough‚ there were as many bankruptcy cases filed in federal courts‚ as there were all other cases. The American bankruptcy law almost encourages debtors who are unable to pay their debts to file for bankruptcy. Is filing bankruptcy
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Fordham International Law Journal Volume 20‚ Issue 5 1996 Article 6 The Role of Law in Business Development Ibrahim F.I. Shihata∗ ∗ Copyright c 1996 by the authors. Fordham International Law Journal is produced by The Berkeley Electronic Press (bepress). http://ir.lawnet.fordham.edu/ilj The Role of Law in Business Development Ibrahim F.I. Shihata Abstract Part I of this Essay concerns the law of developing nations as it effects business growth. Part II describes the legal framework
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material fact not opinion (Bisset V Wilkinson) nor future intention made by one party to another before the formation of contract intended to induce one party to enter the contract” (Tuner‚ C.‚ 2001) “…a minor is a person under the age of 18 years…” (Law essays UK‚ 2006). Or a minor is a person who has not attained majority (Tulsian‚ 1998‚ p.40) and from this case‚ the minor is Sheba who is 17 years old. The legal issues to be looked at are as follow: 1) Sheba’s representation to Jonathan that she
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