THE MOST DISTINGUISHED CHARACTERISTIC OF THE COMPANY AS A FORM OF BUSINESS IS THAT IT IS A LEGAL ENTITY.EXPLAIN WHAT IT MEANS. A company is considered a legal entity( artificial person created by the law).The law treats a company as being a separate person from its members and those who manage it.(The modern law review vol 31-pg 481) The following are characteristics which makes a company a legal being: a) Has a right to own properties. A company owns its own properties. Directors and shareholders
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shapes English law and how Statutory Interpretation contributes to such a process. The English legal system is a common law system‚ where the decisions of sitting judges in a case have future influence over future courts. Judicial Precedent binds judges by past decisions of higher courts‚ stare decisis‚ and they abide by them. This could be said to create a consistent and fair system i.e. a body of legal principles. Statutory Interpretation is how judges interpret/understand statutes‚ i.e. legislation
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SCOTTISH LEGAL SYSTEM Contents Page Introduction Terms of Reference Procedure Findings Conclusion References/Bibliography Appendices Introduction: I. The role of the police in Scotland * The role of the procurator fiscal service in Scotland * The role of the Lord Advocate and the Crown Office * 1. Terms of Reference * Your first task is to investigate the role of the police. Answer the questions and attempt the exercise
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International Legal and Ethical Issues What are the issues involved in resolving legal disputes in international transactions? The understanding of international legal and ethical issues plays a critical role in the success of global business because it can help during challenging times through the business transaction. Issues such as politics‚ legislations‚ clashes of interest‚ local laws and culture must be taken in consideration during international transactions since they can affect in different
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The Legal Drinking Age in the United States There has been a continuous controversy in the United States on whether the legal drinking age should be lowered to 18 or kept at 21. In the Persuasive Text “Five Reasons we should keep the drinking age at 21” Karen Arnold-Burger‚ she states the five reasons why people should keep the legal drinking age at 21 in the United States. Karen Arnold-Burger graduated at University of Kansas with a law degree in August 1981. She was appointed Judge of the
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LEGAL BASIS OF EDUCATION Taken from the book by ATTY EVELYN T. DEL ROSARIO‚ Ed D “THE BEST PRACTICES-AnswersFrequently Asked Questions” ON HOURS OF WORK Art. 83. Normal hours of work. The normal hours of work of any employee shall Not exceed eight (8) hours a day. Health personnel in cities and municipalities with a population of at least one million (1‚000‚000) or in hospitals and clinics with a bed capacity of at least one hundred (100) shall hold regular office hours for eight
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CORPORATIONS LAW ASSIGNMENT 1 THE LEGAL CONCEPT OF AGENCY Part A INTRODUCTION The legal concept of agency plays an essential role under commercial transactions. This essay will first explain the definition of agency and methods of creating agency relationship‚ then the benefits and drawbacks of agency will be illustrated. Finally‚ there are two examples presenting formal and informal agency relationship. THE LEGAL CONCEPT OF AGENCY An agency refers to a legal relationship between agent and
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The incorporation of a company is an artificial person which exists as a separate legal personality. This separate personality means that the company is separate and distinct from its participants. The company needs to be treated like “any other independent person” with rights and liabilities‚ even if it is owned and managed by one man. It is capable of holding its own property and may sue or being sued in its own name. The company has perpetual succession which implies that it is able to carry on
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Compare-Contrast Just and Legal The two words just and legal have been used interchangeably in today’s society and we have forgotten the extreme amount of separation between the two words’ meanings. I am going to reflect on the different meanings of what is just verses what is legal and why it is dangerous to define them as one and the same. Many similarities can be made between the two words’ meanings stemming from the fact that both pertain to the justice system and to the upholding of morality
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LEGAL AID: CONSTITUTIONAL AND STATUTORY PROVISIONS To the poor the Courts are a maze‚ if he pleads there all his life‚ law is so lordly‚ and loath to end his case; without money paid in presents‚ law listeneth to few” - Piers Plowman The Constitution of India mandates the state to accord justice to all members of the society in all facets of human activity. Our national goal is to achieve justice - social‚ economic and political through the process of Rule of Law. Equal access to law for the rich
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