http://www.studymode.com/subjects/souter-v-shyamba-pty-ltd-page1.html Salomon v Salomon & Co Ltd (1897)- company is a separate legal entity Lee v Lee’s Air Farming (1961) Case Summary: The facts disclosed that in 1954‚ Mr. Lee had formed the respondent company carrying on the business of crop spraying from the air. Mr. Lee owned 2‚999 of the company’s 3‚000 shares. Apart from that‚ he also was the company’s governing director whereby he had appointed himself as the only pilot of the company
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Trading & Profit & Loss A/c - deals with Revenue & Expense Trading Account - deals with Gross Profit (π) or Gross Loss Profit & Loss - deals with Net Profit (π) or Net Loss Balance Sheet - deals with Assets‚ Liabilities & Capital Direct Revenue & Direct Expense - deals with the Trading A/c Indirect Revenue & Indirect Expense - deals with the Profit & Loss A/c The Accounting Period - is generally a quarter or a year and reflects all of the financial activity that occurred during that time
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BlackBerry v. Co-Founders After announcing open for purchase‚ BlackBerry has already agreed to a non-binding offer from Fairfax. Before the deadline (Nov.4) of Fairfax’s offer‚ BlackBerry can still accept higher offer from others‚ thus co-founders of BlackBerry‚ who own 8% shares of BlackBerry‚ are running a bid. Negotiation Environment Number of Parties: Two Parties. One is the rest 92% of BlackBerry’s shareholders (represented by the CEO and the board of BlackBerry). The other is a potential
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Asfar and Co v Blundell (1896) 1 QB 123 Court of Appeal (Lord Esher MR‚ Lopes and Kay LJJ) Dates no longer merchantable as dates Facts A vessel‚ on board which dates had been shipped‚ was sunk during the course of the voyage‚ and subsequently raised. On arrival at the port of discharge it was found that‚ although the dates still retained the appearance of dates‚ and although they were of some value for the purpose of distillation into spirit‚ they were so impregnated with sewage and in such a
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Relevant Basic Definitions Trust is defined as an equitable obligation‚ binding a trustee to deal with property over which he/she has control for the benefits of beneficiaries. A trustee could be a beneficiary as long as he/she is not the only one. Trustee is the person who is the legal owner and controller of the trust property. The trustee‚ who is usually appointed in the trust deed‚ manages the trust on behalf of the beneficiaries and is held accountable by being subject to fiduciary duties.
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Bàitập 1 – Chương 1 HãyđọccácđoạntríchtrongbảnánvàxácđịnhcácnguồnluậtvàTòaánđãsửdụng Salomon v A Salomon & Co Ltd From Wikipedia‚ the free encyclopedia (Redirected from Broderip v Salomon) Salomon v A Salomon & Co Ltd [1897] AC 22 is a landmark1 UK company law case. The effect of the Lords ’ unanimous 2 ruling was to uphold 3firmly the doctrine4 of corporate personality‚ as set out in the Companies Act 1862‚ so that creditors of an insolvent company could not sue the company ’s shareholders
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The Definition of a Trust trusts is a device in which rights (personal or proprietary) are held by one person on behalf of another some trusts are created by court. These are constructive trusts. person creating the trust: settlor person holding rights: trustee person for whom those rights are held: beneficiary Lord Coke’s Definition "a confidence reposed in some other‚ not issuing out of land but as a thing collateral thereto‚ annexed in privity to the estate of the land‚ and to the person
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I picked the second quote‚ “trans fats should not be banned. Consumers should make their own choices about what they eat. The government should educate the population about the risks of eating foods with Trans fats‚ but then let people make their own decisions.” The way I look at this situation is‚ we do a lot of bad things to our bodies. We eat fast food‚ sugars‚ drink alcohol and plenty more. Everything that we take into our body systems‚ has some type of effect on our bodies‚ whether it be causing
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Basic Rules of Trusts: Property‚ Obligations and trusts 1) Equitable title exists whenever equity will require the legal owner of property to hold the property for the benefit of some other person or group of persons (which group may include the legal owner himself.) 2) Cestuis que trust=beneficiaries 3) Settlor and trustee can be the same person. 4) Settlor and beneficiary can be the same person. (Settlor can convey property to a trustee on trust for himself.) 5) Express trust as the creation
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Ban Trans-Fat Although fats are considered to be a part of our health‚ there are certain types that should be ignored. One of which has drawn controversial issues is trans-fat. Trans-fat is mostly found in many food sources such as vegetable oil‚ crackers‚ cookies and margarine. It increases blood levels of low density lipoprotein that is considered to be bad cholesterol‚ and decreases level of good cholesterol‚ high density lipoprotein. Trans-fat is created when oils are partially hydrogenated
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