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  • The Doctrine Of Ultra Vires

    Ultra Vires is a Latin word which literally means, ‘beyond the power’. In legal parlance it is used to describe when a person, whether natural or artificial, or a body have acted beyond the power granted to them by law. This phrase is widely used in different branches of law; in Administrative law it is mainly used with respect to an administrative body. In Criminal law it is used with respect to law enforcement agencies, in Company law it is used with reference to the corporate capacity of a…

    Words: 2137 - Pages: 9
  • Summary Of Sunshine Flower Shop

    all expectations our customers have. Here at Sunshine Flower Shop we guarantee customer satisfaction with our professionalism that comes with a spot on attention to detail, affordable prices and on time delivery. Sole proprietor is the business entity that is best for my business, since I will be the owner and be managing the shop. “Honor the Lord with your wealth and with the firstfruits of all your produce” Proverbs. 3:9 I believe that being a sole proprietor and Christian will help my…

    Words: 1135 - Pages: 5
  • Case Study Acme Fireworks

    Acme Fireworks is a small business that sells and displays fireworks in multiple aspects. Whether they are stationary, multi-use, or single use, Acme can do it all in regards to anything fireworks related. That being said, the owner has informed me that we have received multiple inquiries from various; large businesses asking if we (Acme Fireworks) could produce multiple firework displays on a regular basis and that he had already made an offer that they both mutually agreed upon. An offer…

    Words: 2106 - Pages: 9
  • Saloomon Case Study

    Salomon set out the principle of a company having a separate legal personality from its members. Encouraging investors to provide money for businesses without the threat of liability. This increased the country’s economic prosperity with the assurance of limited liability . The effect created a metaphoric veil to show a distinct legal personality and limited liability. This essay will be discussing the current approach by courts and whether specific rules should be laid down. There is a…

    Words: 1090 - Pages: 5
  • Limited Liability Partnership Essay

    Entrepreneurs have the privilege of deciding how they want their business to operate. It is obvious that success is one of the main goals, but the pace and direction to get there can be different. Business owners have to develop a structured plan that will guide them for one milestone to the next. It is beneficial for some entrepreneurs and business leaders to think heavily about what style of structure is best suited for their vision. Those styles of structure would be a sole proprietorship,…

    Words: 1033 - Pages: 4
  • Tilly's Small Business Case Study

    As a corporation, Tilly’s business would be a separate legal entity, which exists separate from her personal interests. Thus, this business form would give her the most liability protection from corporate debts and obligations. It also provides the advantages of unlimited life, transferability of shares and the ability…

    Words: 906 - Pages: 4
  • Lifting The Corporate Veil Case Study

    Lord Sumption states that lifting the corporate veil is a convenient expression that the courts have granted rights to disregard separate legal personality of incorporation from its controllers (Lexis, 2013). With the increasingly adoption of the form of corporation, there may be some issues about the abuse of the principle (Dignam & Lowry, 2012). This essay will firstly explain part of the statements of Lord Sumption in Prest v Petrol and then providing arguments for and against them based on…

    Words: 1478 - Pages: 6
  • Three Types Of Business

    There are many choices that must be made when setting up a business but the most important question is what type of business it will be. In today’s business world there are three types of businesses sole proprietorships, partnerships, and corporations. In this paper each type of business will be explained in detail by describing advantages, disadvantages, and examples of each type of business. The first form of business is the sole proprietorship. A sole proprietorship is a business that is…

    Words: 1044 - Pages: 4
  • Four Types Of Basic Structure In The English Language

    Do you know how the essay was established by the sentences? Do you know how many types of the sentences have to have in a paragraph or an essay? How they are different from each other? And how can they work in the essays which make the reading more exciting to the reader? A basic structure is a sentence that is a group of words include subjects and verbs. However, if the sentences are too short, or it is not completely thought; it makes the essay boring and unexciting to the reader. In English…

    Words: 1002 - Pages: 5
  • DFCC Bank Plc Case Study

    2.1 Examine the Strategic Change and Needs for the Organization DFCC Bank Plc. (2016) is the only Licensed Commercial Bank in Sri Lanka to conduct all its operations under the principles of banking and the only bank in the country which is fully disengaged from interest based transactions and is one of the undisputed market leaders in the Sri Lankan banking industry (Morrison, 2010) This takes account of the centralized processing of transactions and a customer centric and performance driven…

    Words: 1887 - Pages: 8
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