Case Corporation

1. Corporations are juristic entities. According to the Canada Business Corporations Act Section 15 (1), “A corporation has the capacity…the rights, powers and privileges of a natural person. Soloman v. Soloman was a landmark case in the establishment of company law. Through this case, the emergence of a new legal identity, a separate legal personhood for the incorporated company was developed. This case was the first of its kind that saw the corporation as a separate legal identity. 2.…

INTRODUCTION Section 183 of corporation act states that a person must be director, officer or an employee of the company and have excess to relevant information must use that information with proper way which will be not for the advantage or gain of him or for someone else. This section imposes some duties like a person who have information must not use it with improper way. The use of information will be just for the corporation person and will not for the self-gain or for self-advantage. If a…

All activities of the company is done with the governance of a person called Director of the company. Director’s duties comes from common law and statue law under Corporation Act 2001.They designed so that director can provide good direction and ensure that they are working for the interest of the company. They do not use their position and information provided to them improperly. Sometime there is the situation of insolvent trading where the director of the company allow their company to incur…

Smart Engineering Pty Ltd. Case involves Alex who is its managing director that accepted a $100,000 order for the supply of steel cables to Shifty Sellers Pty Ltd. This order was placed by the director of Shifty Sellers Pty Ltd, Max. The order was then delivered on credit to Shifty Sellers Pty Ltd. that failed to pay for the steel cables. Prior to the supply of the steel cables, Max had been known to be a bad credit risk by Alex and in the engineering industry. In the liquidation process of…

2741 – Business Entities On the Treatment of Corporate Groups under the Australian Legal System Summary: Built on thousands of years of tradition, the contemporary legal system is as thorough and complete as it has ever been. Despite this, corporations law has evolved much more recently and, though ever evolving, often struggles to keep pace with the corporate sphere it governs. A key example of this is with respect to corporate groups, a relatively new form of conglomerate and one which…

After researching this case, I believe there may have been a potential corporate crime occurring. According to Clinard and Quinney, “Corporate crime are offenses committed by corporate officials for their corporation and the offenses of the corporation itself” (Friedrichs, p. 60). Corporate crime has gone unpunished because for a large amount of time crimes that are labelled corporate crime were not illegal, such as unsafe environmental practices, and in this case, corporate violence against…

10. What are the facts and outcome in the case of Guth v. Loft, Inc. and how does it apply to the duty of loyalty and good faith? Charles Guth became the president of Loft, Inc., a Candyland restaurant chain. Guth also partly owned Grace Company, which created formulas of syrups used for soft drinks (Spamann, 2014). Loft, Inc. at the time, purchase its syrup from Coca-Cola company, however, Guth was dissatisfied with the price and decided to create a new formula with Roy Megargel (Clarkson, 2015…

and I took the decision to prepare the project on following topic:8 "An analysis and evaluation of the business and financial performance of an organization over a three year period." The organization that I chosen for this project is Bonia Corporation Berhad. 1.1Reasons for choosing this topic 1.1.1 Lack of exposure to the real world operation A fresh graduate how to be the faster way to know this real world operation? The answer is through business and performance of an organization.…

1. INTRODUCTION Food Corporation of India is the pioneer in the field of storing and distributing the food grains from surplus state to deficit states in India. To ensure adequate buffer for meeting requirements under targeted public distribution system & Other Welfare Schemes. The food standard industry agency, a government body in India describes it thus “The whole food industry – from farming and food production packing and distribution, retailing and catering” the food industry is a complex,…

One Corporation Person hood is an interesting notion, when it comes to white collar crimes. In the YouTube video called the “The Corporation,” it is then stated that there is a term called Corporation person hood. This term corporation person hood is basically the rights that the corporation has, just as every individual person in the United States. An example of this is the first amendment, this amendment has many realms, such as the freedom of speech., freedom of religion. So, a corporation…