Chapter 12 Torts The Basis of Tort 1. The Purpose of Tort Law a. Damages Available in Tort Actions Compensatory damages (including special damages and general damages) : compensate or reimburse the plaintiff for actual losses Special damages: compensate the plaintiff for quantifiable monetary losses. General damages: compensate individuals (not companies) for the nonmonetary aspects of the harm suffered‚ such as pain and suffering. b. Punitive Damages: Only when the defendant’s conduct was particularly
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would taken to fulfill your fiduciary duties as a director. The steps MTSB have taken to fulfill the fiduciary duties as a director according section 6 of Companies Act‚ fiduciary duties of a director. Step 1 : Understanding about duties of director To carry out your duties as a director well‚ it is necessary for you to be fully aware of the duties and responsibilities expected of directors. Directors are fiduciaries of the company which appoints them. A fiduciary is a person who is expected to
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1.0 DIRECTOR 1.1 WHO IS DIRECTOR? A company is a business entity whereby it is associated or collected of individual real persons and/or other companies‚ who each provided some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection‚ group or association of persons can be made to exist in law and then a company is itself considered a "legal person". The name company arose because‚ at least originally‚ it represented or was owned by more than
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he bought 50‚000 shares of Underwater Leagues at $10 per share. After the announcement‚ the share price skyrocketed to $50 per share. The shareholders of Underwater Leagues‚ Inc. bring a derivative action suit against Aquaman claiming breach of fiduciary duty for violating 17 C.F.R. §240.10b-5 of the Securities and Exchange Commission Act of 1934 by purchasing stock in his company on the basis of information that was not available to the public. The shareholders seek remedy for their claim. If a
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Key Concepts All readings are useful. If you complete them before class you will find the materials covered in class much easier to understand than if you do not. At the same time‚ this is an Introductory Course and we do not expect you to remember all content for midterms and final. For this reason‚ we are summarizing the points from each chapter that we think are most important that you understand and remember. You may use these as a guide for preparing your own study notes. If you are confused
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HML 1001: Leadership of change S. McGowan. June 2008 Leadership in the 21st Century: Contrasting Views of Leadership and their Utility for My Practice Introduction In this paper I will examine two modern views of leadership. The leadership models I have decided to review are Servant-Leadership and Discretionary Leadership and my aim is to describe them‚ explore some of their similarities and differences and consider their usefulness for my own practice. Servant-Leadership Robert
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give her his decision. Tom’s response to Sue of “I think the partnership should buy the property”‚ without knowing that Sue had already made the purchase shows his intent to add the property to the partnership. As partners Sue and Tom are in a fiduciary relationship with one another. As such they owe certain duties of loyalty. At the beginning of the deal to purchase the property Sue did not break this loyalty‚ but as the transaction went along‚ I believe Sue can be accused of usurping a partnership
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under the heads of (a) financial markets‚ (b) financial services‚ and (c) financial management. 3. The relevant theoretical approaches to finance ethics. Specifically‚ these are (a) fairness in market transactions‚ and (b) agency relations and fiduciary duties. 4. A listing of the main ethical issues that arise in finance and could comprise a course in finance. These can be organized as ethical issues in (a) financial services (which involve a professional and a client); (b)
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Week 2 Individual Assignment Chapter 1 – Exercises 1-1 1. A 3. D 4. C 5. B 7. D 8. C Chapter 2 12. What is a CAFR? What are its main components? A CAFR is the Comprehensive Annual Financial Report for cities‚ states‚ and counties. This report summarizes the agencies financial statements as well as demographical information for a wide list of users such as taxpayers. The three main components of a CAFR are the introductory section‚ financial section‚ and statistical section. The introductory
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