BT20403/Company Law Business Entities: Company Law Topics covered: Types of Company Formation of a company; • Promoters Pre-Incorporation Contract • Memorandum and Articles of Association Inconsistency between the object and the company’s activities Upon incorporation: • Company is an artificial legal person • Separate legal entity Lifting the corporate veil scs&ismk/company law CONT. 2 The Effect of Incorporation • Memorandum of Association & Articles of Directors’
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AC208 Company Law Assignment Name : Wong Kai Jun Tutorial Group : T14 Tutor : Assoc/P Gan Lay Hong‚ Pauline Company Law Assignment The law requires that directors not take corporate opportunities without the permission of the company. The first part of the essay will touch on the ambit of this duty‚ and then I will go on to discuss whether the law imposes too harsh a burden on directors in this regard. First of all‚ "corporate opportunity" refers to a business opportunity
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COMPANY LAW ISSUE 1 MAIN ISSUE; Danny‚ who is one of the directors‚ doesn’t hold any shares at all in the company. LAW; Section 124 talks about “Qualification of Director” Section 124 (1) states that “Without affecting the operation of any of the preceding provisions of this Division‚ every director‚ who is by the articles required to hold a specified share qualification and who is not already qualified‚ shall obtain his qualification within two months after his appointment or such
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for $490 would take delivery 7 days later. HERE THERE IS AN OFFER AND ACCEPTANCE... AGREEMENT IS PRESENT... IS THERE CONSIDERATION? YES‚ EXECUTORY. THERE IS AN EXCHANGE OF PROMISES... A BENEFIT FOR BOTH PARTIES – THERE IS ALSO INTENTION AS IT IS A COMMERCIAL AGREEMENT – EDWARTD V SKYWAYS - When Dim came to pay and collect the oven 7 days later‚ Siti refused to hand over the oven telling hthat the price was now $550. Dim called Siti a cheat and wants to sue her. SITI IS IN BREACH OF CONTRACT Advise
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Sample Tutorial Answers (HBL221N Company Law) To answer all legal questions‚ students are to follow the essential steps of: (1) Identification of the issues in the questions; (2) State the relevant laws that can be used to resolve the issues in the questions; (3) Application of the relevant laws to the facts in the questions to resolve the issues in the questions (i.e. arguments); and (4) Conclusion based on arguments in Point (3). Your conclusion must resolve your issues in Point (1). NOTE:
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in the streets‚ on the beach‚ in the countryside.” Describe the problem of litter in the UAE and discuss some solutions Sharjah municipality considers huge increase in littering fines The fine for littering in Sharjah is expected to be raised from Dh200 to Dh2‚000‚ a senior municipality official said on Tuesday. It’s become common to see plastic bags and bottles strewn around not only in the industrial areas and commercial areas of the emirate‚ but also in residential neighbourhoods. Recently
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UNIVERSITY LGST201 COMPANY LAW Topic 1 - Introduction to the Company General Reading: Woon‚ chapters 1 and 2 (you may omit paras 1.73 – 1.1041). Note that Woon references below are to the Revised 3rd edition (2009) (corresponding references to the 3rd edition (2005) are footnoted). Legend - Very important. Must know! - Less important (but doesn’t mean can ignore!) 1. General Themes The company is essentially an artificial person created by law. What this “person”
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OPIM Assignment 4 1. Cu = 24-11 = $13 Co = 11-7 = $4 Critical ratio = 13/(13+4) = 0.7647 μ = 30‚000 σ = 10‚000 Using normal distribution function (=norminv(0.7647‚30000‚10000))‚ the optimum order quantity is 37‚216 jerseys to maximize profit. 2. Quantity = 32‚000 First‚ we normalize the order quantity to find the z-statistic z=Q-μσ=32‚000-25‚00010‚000=0.7 We then look up the standard normal loss function. The expected lost sale is given by. Lz=0.1429 Therefore‚ the expected lost
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usually do not look behind ‘the veil’ to inquire why the company was formed or who really controls it. However‚ in some situations the veil is pierced so as to render officers criminally liable for their company’s breaches of the Act. Explain clearly statutory exceptions where the court would lift the veil of incorporation. The required characteristic of a company is that it exists as a separate legal entity from its members of the company. The separate legal entity was authoritatively established
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In Malaysia‚ the Companies Act 1965 (CA1965) is the main legislation leading the formation and operation of businesses. This Act permits to a group of people to form several types of corporate organization called as registered companies. Furthermore‚ this Act also offers services for the incorporation of companies such as regulation‚ formation of relationship between members and creditors‚ management and closing down of the company. Registrar of Companies (ROC) executes and manages control of the
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