Legal Structure of Business Organisations Sole Traders General Partnerships Limited Patnerships Limited Liability Partnerships Companies Key Legislation General Law of Contract Partnership Act 1980 Limited Partnerships Act 1907 Limited Liabity Partnerships Act 2000 Companies Act 2006 Liability Unlimited Liability Each Partner jointly and severally liable Limiteed Liabiliy for limited partners and unlimted liability for general partner Limited to the amount tas they have agreed Depending
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means that since the deceased was under the influence of alcohol at the time that he signed over the deed that this contract should be null and void. The deceased lacked the mental capacity to make this type of decision. Therefore this contract is not legal. Conclusion In this case the court ruled in favor of the plaintiff. It was concluded that the defendant obtained the deceased signature while he was intoxicated which deeply impaired his mental capacity to make such a decision‚ therefore it was ruled
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Legal Marijuana: Helpful or Harmful? James Nix Soc:102 Amber Anderson May 25‚ 2013 Legal Marijuana: Helpful or Harmful? The year is 2013 and the reality of legalized marijuana in the United States seems to be getting closer with each year. A highly controversial topic because marijuana’s primary use throughout history has been for abusive purposes more than anything else. Marijuana has medicinal uses and the stalks of the plants can be used for making paper or even fibers for ropes or canvases
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Introduction The legal profession appears to be under attack in some parts of the world. Parker writes that Australian lawyers feel they are the "subjects of unprecedented investigation‚ criticism and attack ." De Groot-Van Leeuwen also writes that "a wide variety of illegal practices of lawyers has been exposed in public" and that‚ "the number of complaints (per lawyer) is steadily rising. " In fact‚ he writes that lawyers these days are no longer depicted as "crusaders of justice or enlightened
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CHAPTER 4 Legal Liability Of CPAs Review Questions 4-1 There are several reasons why the potential legal liability of CPAs for professional "malpractice" exceeds that of physicians and other professionals. One reason is the vast number of people who may sustain damages. If a physician or attorney commits a serious error‚ the number of injured parties generally is limited to one individual patient or client. When a CPA’s report is in error‚ literally millions of investors
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Legal Forms of Business Organizations Carol Sauceda FIN/419 February 4‚ 2013 Kristtine Donnelly Legal Forms of Business Organizations In business‚ there are legal forms that organizations are classified under. There are three most common forms of business organizations‚ sole proprietorship‚ partnership‚ and corporation. The life cycle theory of the firm starts out as a proprietorship. As a firm grows larger‚ more complex and needs more capital than is available from the proprietor‚ the proprietor
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CRITICAL LEGAL STUDIES Critical legal study (CLS) is a theory that challenges and overturns accepted norms and standards in legal theory and practice. Supporters of this theory believe that logic and structure attributed to the law grow out of the power relationships of the society. The law exists to support the interests of the party or class that forms it and is merely a collection of beliefs and prejudices that legitimize the injustices of society. The wealthy and the powerful use the law as
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the legal systems of various countries. These legal forms of business include; • Sole Proprietorship • Partnership (General Partnership‚ Limited Partnership and Joint Venture) • Corporation (C Corporation and S Corporation) • Limited Liability Company (Private and Public) These legal forms have been derived according to their Source of the capital‚ Value of capital investment‚ Nature of ownership‚ Number of owners‚ Nature of liability and many other factors. Each legal form
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Table of Contents Overview & Development English Legal System……………………………………………….2 Characteristics of English Legal System ………………………………………………………...3 References …………………………………………………………………………………….....6 Business & Corporate Law English Legal System Most would agree that some form of legal system is neces sary for a society to thrive. This is true of the most primitive of cultures‚ but the English legal system has developed over many centuries‚ and in the process‚
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CROSS EXAMINATION The party who calls a witness examines the witness with a view to adducing evidence in proof of his case and this is what is referred to as examination in chief covered at S. 145(1) thereafter the adverse party has a right to examine that witness. If the adverse party exercises that right‚ the examination is referred to as cross-examination Section 145(2). Cross examination is a fundamental right not a privilege and if a person is denied the right‚ the denial can vitiate the
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