dispensation to divorce Catherine of Aragon‚ but a king who was less worried about his soul and his wife’s nephew‚ the emperor‚ invading would probably just have ignored his commands. The king had also always had lots of power over the church. Political partnerships between kings‚ their bishops and abbots had always been a feature of the church‚ and this war true throughout the period 1485-1529. Henry VII enjoyed a very close relationship with the church through Cardinal John Morton‚ who was not only Archbishop
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CH. 18 – Introduction to Sales 1. What is a merchant under UCC Article 2? 252 A merchant is someone who routinely deals in the particular goods involved. The UCC frequently holds a merchant to a higher standard of conduct than a non-merchant. 2. What are the rules for different terms under Sec. 2-207? 256 If there is no clear oral agreement‚ the Code supplies its own terms‚ called gap fillers‚ which cover prices‚ delivery dates and places‚ warranties‚ etc. 3. What situations are covered by
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University of Phoenix Material Business Forms Worksheet There are seven forms of business: sole proprietorship‚ partnership‚ limited liability partnership‚ limited liability company (including the single member LLC)‚ S Corporation‚ Franchise‚ and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to
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start the business in return for a percentage ownership. Business Entity For this business scenario the best business entity is a limited partnership or special partnership. There are two types of partners in a limited partnership: general partners and limited partners. General partners invest capital‚ manage the business‚ and are personally liable for partnership debts. Limited partners invest capital but do not help with the management aspect and are not personally liable for debts beyond their capital
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Syllabus Business Studies: Recommended Book: Business Studies by Karen Borrington Peter Stimpson Session: 2011 to 2012 Class: 8A 1st Term April-June‚ 2011 | April-2012 | Unit 1 | The purpose of business activity | | Unit 2 | Types of business activity | May-2012 | Unit 3 | Forms of business organization | September-2012 | Unit 4 | Government and economic influence on business | October/November‚ 2012 | 1st Term Exams | | November-2012 | Ch.5 | Other external influences on business
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A joint-stock company is a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company’s shares (certificates of ownership). [1] This allows for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. [2] In modern corporate
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No.1 for CA/CWA & MEC/CEC MASTER MINDS Disclaimer: Questions asked in the examination may have wrong/inadequate information and/or ambiguous language. In that case the answers provided by the institute may differ from these ideal answers. Every effort has been made taken to give best answers. Still if you find some errors please bring them to our notice through e-mail. Mail id: gunturmasterminds@yahoo.com 1 ___________________________________________1 noisseS_1102_enuJ_ TPC CPT – June
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DIFFERENCES BETWEEN WINDING UP AND DISSOLUTION 1. Winding up is the first stage in the process whereby assets are realised‚ liabilities are paid off and the surplus‚ if any‚ distributed among its members -Dissolution is the next stage whereby the existence of the company is withdrawn by the law. 2. Winding up is a set of procedures while dissolution is an act of putting an end to the company 3. Creditors can prove their debts in the winding up but not on the dissolution of the company. MODES OF
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association‚ partnership or union that carries on a commercial or industrial enterprise. Generally a company may be a corporation‚ partnership‚ association‚ joint stock company‚ trust‚ fund or organised group of persons‚ whether incorporated or not and (in an official capacity) any receiver‚ trustee in bankruptcy or similar official or liquidating agent for any of the foregoing. More specifically we can state a company as either one of four distinct business organisations‚ Sole Trader‚ Partnership‚ Private
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by Registrar of Companies. Liquidation is Different from Insolvency. The term ‘insolvency’ is applicable to individuals‚ partnership firms‚ Hindu Undivided families whereas‚ the term ‘Liquidation’ is applicable to a joint Stock Company. But it may be mentioned that the insolvency of a company is not a necessary condition for its Liquidation whereas an individual‚ partnership firm‚ Hindu Undivided family is said to be insolvent when liabilities exceed assets or has committed an act of insolvency
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