McCain Foods Limited

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    Damage/Indemnification. The Student acknowledges and agrees that she is responsible and liable for her personal actions and those of her guests and invitees, including but not limited to negligent or intentional acts, errors or omissions. The Student agrees to release the Chapter, House Corporation and Fraternity from liability related to and to defend, hold harmless and indemnify the Chapter, the House Corporation and the Fraternity…

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    “In Australia it is still impossible to discern any broad principle of company law indicating the circumstances in which a court should lift the corporate veil”.15 As illustrated, it can be quite difficult to list the cases in which the corporate veil will be pireced.16 Herron CJ contends that authorities in which the corporate veil has been pierced have not been of such consistency that any principle can be adduced. 17 Rogers AJA also takes a similar view, arguing that there is no unifying…

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    Pros. • You don’t have any worry about having to pay the business overheads like rent, taxes, or utility bills. You don’t have ultimate responsibility for the business, and that can be liberating • You gain incredible experience. You learn from your mistakes • You are immersed in an established business. You will get to see first-hand how that business runs - whether you work in a salon or as a mobile groomer for somebody else • You will meet lots of dogs. You will develop your dog handling…

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    1.1 The purposes of different types of organisations considering their legal structure and types One of the most important decisions that any business would make at its inception will likely be the decision on the type of legal structure to use because the legal structure will determine a lot of things. For example, it will determine the amount of tax to pay, the kind of paperwork that will be needed and even the capacity to raise finances as well as the personal liabilities that you might have…

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    Television news refers to advertising current events, whether it is local, national or international, easy and efficiently through the use of sound and visual elements. In the news you will discover segments which people find either important or entertaining, such as sports coverage, weather forecasts, finance updates and traffic reports. Due to there being different audiences, news networks report the same news they just tell it differently to fit the requirements of their selected target…

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    1) The best metaphor for a corporation is an “apple within a barrel where most apples are good and just a few bad”. It takes one apple to ruin it for the rest or spoil its companion. Corporations can often be seen as “bad apple's” bent on taking control of public power and only focused on making money, regardless of the consequences. Corporations are trying to engage themselves in as much profit as possible at anyone’s expense without realizing how unsustainable they are being towards the…

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    Blackstone Case Study

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    Long-term perspective One of the advantages of being a private firm is that the firm only has to disclose limited information about its operations. Blackstone operates its investment on a long-term basis why the firm has a lot of variability in its earnings. As an example, a fund usually has a return that can be visualized in a “J-curve”, meaning that the fund…

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    member with full responsibility. There may be members of the limited partnership with limited liability. The profits are distributed according to the percentage of ownership. Tom and Bill hardware store is an example of partnership. If the same man slips fall in advertising on the saw Tom and Bill hardware store, both of which are fully responsible for the damage. However, if they are of limited partnership, then Tom only responsible. In a limited partnership, it makes sense for the owner to…

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    Roetzel & Andress, L.P.A., 2009-Ohio-2728 -- Limited Partnership The law firm Roetzel & Andress (R&A) represented Schneider personally, not her companies. R&A told Schneider, who is the majority shareholder of the numerous companies, to stop selling unregistered notes. Schneider ignored and continued…

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    Case Activities 3 Discharge in Bankruptcy In this case, Joseph Harman, the president of Carter Oaks Crossing was loaned $400,000 by Caroline McAfee. Harman signed a promissory note that specified the company would repay the amount of the loan with interest in installments in which the installments would begin in 1999 and end in 2006. Harman signed a personal guaranty with the promissory note. Carter Oaks Crossing eventually defaulted on the note causing McAfee to sue Harman for payment under…

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