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35 Cards in this Set
- Front
- Back
to plead
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1. to make an allegation in legal proceedings
2. to speak on behalf of a client in court |
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to file a document with an authority
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to officially record something, especially in the court of law
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to submit a document to an authority
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to deliver a document formally for a decision to be made by others
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de facto
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in fact
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ipso facto
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by that very fact itself
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inter alia
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among other things
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per annum
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per year
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pro forma
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as a matter of form, for the sake of form
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pro rata
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proportionally
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sui juris
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of one's own right; able to exercise one's own legal rights
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ultra vires
intra vires |
beyond the legal powers of a person or a body
within the permitted powers |
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videlicet (viz.)
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as follows
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per se
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by itself
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piercing the corporate veil (US)
lifting the corporate veil (UK) |
describes a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors. Usually a corporation is treated as a separate legal person, which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed. Common law countries usually uphold this principle of separate personhood, but in exceptional situations may "pierce" or "lift" the corporate veil.
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memorandum of association (UK)
articles/certificate of incorporation (US) |
states the objects of the company and the details of its authorised capital, otherwise known as the nominal capital
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articles of association (UK)
bylaws (US) |
contains provisions for the internal management of the company, e.g. annual general meetings, extraordinary general meetings, the board of directors, corporate contracts and loans
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annual general meetings (AGMs - UK) - its equivalent in US?
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annual meetings of the shareholders (US)
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extraordinary general meetings (UK) - its equivalent in US?
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special meetings of the shareholders
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fiduciary duty
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fiduciary duty stems from the position of trust and responsibility entrusted to directors. This duty has many aspects, but broadly speaking, a director must act in the best interests of the company and not for any collateral purpose
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profit-and-loss account (UK) -its equivalent in US?
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profit-and-loss statement/income statement (US)
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bonus (UK) - and US?
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stock dividend (US)
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capitalisation issue (UK)
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cash dividend (US)
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accounts (UK)
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financial statements (US)
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auditor
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person appointed by the company to examine the company's accounts and to report to the shareholders annually on the accounts
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company secretary
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company’s chief administrative officer, whose responsibilities include accounting and finance duties, personnel administration and compliance with employment legislation, security of documentation, insurance and intellectual property rights
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director
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person elected by the shareholders to manage the company and decide its general policy
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liquidator
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person appointed by a court, the company or its creditors to wind up the company’s affairs
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managing director
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company director responsible for the day-to-day operation of the company
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Official Receiver
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officer of the court who commonly acts as a liquidator of a company being wound up by the court
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promoter
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person engaged in developing or taking the initiative to form a company (arranging capital, obtaining personnel, making arrangements for filing corporate documentation)
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proxy
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person appointed by a shareholder to attend and vote at a meeting in his/her place when the shareholder is unable to attend
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receiver
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person appointed by creditors to oversee the repayment of debts
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shareholder
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member of the company by virtue of an acquisition of shares in a company
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registered agent (us) at the registered office of the corporation
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...the person to be served if the company is sued
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bylaw (byelaw, by-law, bye-law)
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rules governing the internal running of a club or association; (US) rules governing the internal running of a corporation (the number of meetings, the appointment of officers)
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