by traders and businessmen to forming companies. Consequently‚ traders and businessmen will see as the main attraction of forming a company the advantage of avoiding liability for business debts. This advantage arises from the concepts of separate legal person and limited liability which are embodied in the doctrine of corporate veil under company law. However‚ some businessmen‚ law scholars and the public at large argue that corporate veil is nothing but a fallacy meant to dupe business people into
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Healthcare and its Legal Challenges This paper will discuss the legal challenges within the health care industry. These topics will include the positive and negative changes that America is currently facing. These topics are closely related to the current events of our economy. First of all‚ what will universal health care cost us and what will we get from it? The costs of the future changes in the healthcare industry will cost roughly $2.6 trillion dollars over the next 10 years. Paying for
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John Austin (1790-1859) was a British legal philosopher and was the first Professor of Jurisprudence at London University. His publications had a profound influence on English jurisprudence. They include The Province of Jurisprudence Determined (1832)‚ and Lectures on Jurisprudence. John Austin is best known for his work developing the theory of legal positivism. He attempted to clearly separate moral rules from "positive law." Austin’s theory also falls under Constitutions‚ International Law‚ non-sanctioned
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not occur‚ but save as expressly admitted‚ they have insufficient knowledge of the allegations in paragraph 18‚ and so deny them. 16. They have insufficient knowledge of paragraph 19‚ and so deny it. Any money the Plaintiffs spent on agency and legal fees were not in waste. First cause of action: breach of duty of care 17. They admit paragraph 20‚ and repeat their response in paragraph 6. 18. They admit paragraph
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distinct from the shareholders who own it and having rights to issue stock and exist indefinitely: a group or succession of persons established in accordance with legal rules into a legal or juristic person that has legal personality distinct from the natural persons who make it up‚ exists indefinitely apart from them‚ and has the legal powers that its constitution give it. I would like to offer some notes on this definition. The first of which is that an entity‚ in this case a corporation‚ has
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matter. After a review of the facts of your case known at this time‚ we are of the opinion that your claim has substantial merit and we are prepared to accept representation of your interests. The scope of our representation would be preparing any legal pleadings necessary‚ litigating your case in Court‚ telephone consultations with you‚ negotiating with the debtor/collector and/or its attorneys‚ and otherwise prosecuting your consumer case. This representation does not necessarily include representing
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receive a typically western legal and business education and rigorous trainings that may equip me with an international perspective. It is my belief that the best way to learn this subject well is by plunging myself into the major countries in the world to experience and to distinguish their specific economic and legal systems. Whereas boasting a greatest developed economy‚ the United Kingdom is acknowledged for its most advanced teaching and research‚ and its legal system is also most well-developed
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Forms of Business Organisation : While establishing a business the most important task is to select a proper form of organisation. This is because the conduct of business‚ its control‚ acquisition of capital‚ extent of risk‚ distribution of profit‚ legal formalities‚ etc. all depend on the form of organisation. The most important forms of business organisation are as follows: Sole Proprietorship Joint Hindu Family Business Partnership Joint Stock Company Private Limited Public Limited Co-operative
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developed and divided into two which are legal ownership and beneficial ownership: “The legal ownership of the trust-property is in the trustee‚ but he holds it not for his own benefit but for that of the cestui que trustent or the beneficiaries. On the creation of a trust in the strict sense as it was developed by equity‚ the full ownership in the trust property was split into two constituent elements‚ which became vested in different persons: the “legal ownership” in the trustees‚ and what became
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Legal Underpinnings BUS670: Legal Environment Name: Instructor Name: Legal Underpinnings In case of breach of contract liability shall be limited or unlimited depending on the type of activity. There are five types of business organizations in the United States. These forms are sole proprietorship‚ a partnership‚ limited liability company‚ partnership‚ and limited liability company. Each of these formations business has advantages and disadvantages for the employer.
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