structure holding companies usually have control and influence over subsidiaries. Limited liability on the other hand‚ is the logical consequence of the existence of a separate legal entity or generally‚ the concept simply means that since the company is different from the shareholders‚ the members are only liable for the amount unpaid or their shares and not for the debts of the company When limited liability is easily and cheaply available can be explained as removing unnecessary legal bars which
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Strict Liability for Defective Products - Part X of the CPA 1999 Section 68(1) provides that where any damage is caused wholly or partly by a defect product‚ the following persons shall be liable for the damage. The plaintiff only has to prove damage or defect in the product. Part X of CPA does not cover every product. Section 66 provides types of product such as goods and component parts and raw materials. Section 3 provides definition of goods. Only the goods which are purchased for private and
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Introduction to Occupier’s Liability in Singapore Occupier’s liability refers to the liability of an occupier of premises arising from the defective conditions or unsafe activities on the premises which result in injury or damage to the plaintiff. In Industrial Commercial Bank v Tan Swa Eng His Honour Lai Kew Chai J rightly held that “the law of occupiers’ liability in Singapore is derived from English common law”. However‚ statues on occupier’s liability in the England are not applicable to
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Credit card : Asset or Liability Credit card actually replaces the hard money in market. Before the coming of plastic money‚ every one relies on their present income. If possible in present salary then only purchases go on‚ otherwise get shifted to next month. This problem now has been solved with the plastic money. Make payments in the next month but u can purchase now. Any one can judge this plastic money is an asset or liability for a person. Let assume its an asset. How? Right now it makes
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ON ASSETS AND LIABILITY MANAGEMENT OF NAWANAGAR CO-OPERATIVE BANK GUIDED BY Dr. (Prof.) Ajay Shah ACADEMIC YEAR 2010-2012 SUBMITTED TO JAYSUKHLAL VADHAR INSTITUTE OF MANAGEMENT STUDIES (JVIMS) BIPIN T. VADHAR COLLEGE OF MANAGEMENT JAMNAGAR AFFILIATED TO GUJARAT TECHNOLOGICAL UNIVERSITY AHMEDABAD 1 2 3 DECLARATION I undersigned PARMAR KANJI N. a student of MBA 3rd semester declare that I have prepared this project report on “Assets and Liability Management of Navanagar
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interest on bonds payable Provision - deficiency income tax assessment TOTAL CURRENT LIABILITIES 500‚000 50‚000 20‚000 64‚000 50‚000 200‚000 40‚000 80‚000 100‚000 90‚000 160‚000 120‚000 75‚000 87‚000 360‚000 200‚000 2‚500‚000 A Convertible bonds‚ due January 31‚ 2007 Noncurrent portion of serial bonds (P2‚000‚000 - P100‚000) TOTAL NONCURRENT LIABILITIES 1‚000‚000 1‚900‚000 2‚900‚000 B 5‚400‚000 C TOTAL LIABILITIES (Requirement no. 2) 304‚000 PROBLEM NO. 3 - Pistons Company Item no. 2 Item no
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Ch8 Student: ___________________________________________________________________________ 1. Delta‚ Northwest‚ and United Airlines have all‚ at one time‚ filed for bankruptcy. True 2. In a classified balance sheet‚ we categorize all liabilities as current. True 3. False A line of credit is an informal agreement that permits a company to borrow up to a prearranged limit without having to follow formal loan procedures and paperwork. True 9. False We record interest expense in the period in
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Germany On 1979 the court established the principle of third party liability as foreseen’ in Federal Supreme Court (sixth civil senate) 1 regarding the case of a German branch of a bank provided wrong information to its potential investors and because of that one of the potential investors suffered a big loss and later sued the bank. But in November 1983 in Federal Supreme Court (fourth civil senate)2‚ death negligence in reporting in a case where buyer of a properly sued the valuer because
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5 Asset and Liability Management (ALM) 29. There are different organizational and governance models that guide the management of bank asset and liability activities. The models reflect fundamentally different risk philosophies that tend to evolve with the growing sophistication and depth of financial markets together with the position and activities undertaken by a bank in the market. The terms ‘ALM unit’ and ‘treasury unit’‚ can be confusing as they are often used by organizations who assign
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An Operational Template to Avoid Civil Liability Richard H. Martin‚ Auburn University Montgomery Jeffrey L. Gwynne‚ Auburn University Montgomery Charles A. Gruber‚ Chief (Ret.)‚ CAG Consultants Introduction Many police agencies lack policy‚ procedure‚ and diligence by police supervisors to investigate NON-excessive use of force incidents before a citizen files a formal complaint of a civil rights violation against the police. Police by their very nature are the guardians of the nation’s civil
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