Creative Commons International

6. ULTRA VIRES CONTRACTS A contract of company which is ultra vires, i.e., outside the objective clause as defined by memorandum of association is wholly void and is of no legal effect. The objection to an ultra vires contract is, not merely that the company ought not to have made it, but that it could not make it. The main issue is not as to the legality of the contract; but the issue is as to the competency and authority of the company to make it. An ultra vires contract which has the effect…

A. What is Sukuk? Sukuk in general can be understood as a Shariah compliant ‘bond’. In its simplest form Sukuk represents ownership of an asset or its usufruct. The claim embodied in Sukuk is not basically a claim to cash flow but an ownership claim. This also differentiates Sukuk from conventional bonds as the former proceed over interest bearing securities, whereas Sukuk are basically investment certificates involving of ownership claims in a pool of assets. B. Type of Sukuk 1) Asset Based…

On the facts, Theresa is the the plaintiff and AirMalaysia is the defendant. It is question of whether Theresa can claim any remedy for the losses she suffered because of the breach of the contract by AirMalaysia. The first and vital issue to consider is to determine if there is a binding contract between Theresa and AirMalaysia. In order to constitute a contract, there must be offer, acceptance, consideration and intention to create legal relation. (Law Teacher, 2013) It is obvious that Theresa…

justice and how these examples are evidence that or fall short of the Biblical standard. The Code of Hammurabi and the Twelve Tables were sets of laws established long ago in two different time periods and despite their differences they share a lot in common. The Code of Hammurabi and the Twelve Tables basically established the foundation for todays justice system and laws. They established how people should be protected from the powers of others, what was considered acceptable and not…

“I am Zitti”: An Autobiography “A primate is a member of a mammal order that includes apes, monkeys, tarsiers and lemurs, the closest relative of humans because they share a common evolutionary descent” (Burnie,2008, para. 1). There are many species of primates, one is apes and the largest of them is Gorilla (Vedder, 2008). My name is Zitti. I am a biologically female Cross river gorilla a subspecies of Western Gorilla (World Wildlife Fund, 2014). Others call me by my scientific name of…

I have read the entire case - SO Case Citation: Crandell v. Larkin and Jones Appliance Company, 334 N.W.2d 31 Facts: The prior judgement was for a motion to exclude any liability action from their product. Gloria and Crandell are the appellants and Larkin and Jones Appliance Company is the appellee. Crandell purchased a use Coronado dryer from Larkin and Jones an appliance company. It was described as a reconditioned unit with a “guarantee.” There was a 90-day guarantee for “workmanship, parts…

1.1 Concept of robot: After studying various methods to climb a rope or rod, we came to conclude that a coconut tree climbers method was the best suited for the job. It resembles the motion of a sloth. It uses both pairs of its limbs (fore limbs and hind limbs) to climb a rope and a tree. It moves both its hind limbs in one step and then both its fore limbs in another. Each pair of limbs acts as a gripper. Only one pair of limbs is used at a time for gripping the tree (while in motion) while…

Positivism vs naturalism 1. Is international law a law or moral code of conduct? There are two type of theory in international law, which are the Naturalism and Positivism, in the Natural law can be thought that the idea of the force of law doesn’t derive from the voice of authorities, in the other hand the positivism stated that authorities is what make law the law. The Naturalism stated that there is a bigger power than why law is the law; like morality, universal principle, religion and so…

“The Mimic Men” by V.S Naipaul has various settings which serves different purposes. The settings that will be discussed are the settings in London and the settings in the island of Isabella. The first setting that would be discussed is London by itself. In this novel, London is actually described as a land of supreme power and a location where many humans dream to attain success. However, London could also be a cruel place to live for those who fail to make it big. Ralph Singh describes the…

The Symbolism of the Screen Door Once someone crosses the redline, there is no way to go back. Peoples actions are not reversible, what is done cannot be undone. In both the short story by Joyce Carol Oates “Where Are You Going, Where Have You Been?” and the movie “Smooth Talk” directed by Joyce Chopra, the screen door is portrayed as a transition and a boundary although sometimes it is interpreted in different ways. If Connie crosses the boundary, it will lead to many bad consequences. When…