Public limited company

A company is recognized as a separate legal entity and yet in reality, it is an association of persons who are in fact beneficiaries of the corporate property. It is therefore understood that corporate personality of the company can be used as a medium of committing fraud or illegal acts. Now, there is arises a paradoxical problem pertaining to the important legal question : Who accords for the liability? Who can be held responsible? The notion of corporate personality does not obviously…

be repair. The company also promises a refund in the difference in price within 30 days if a customer find the same merchandise purchased elsewhere at a lower…

When people set out to start a company, they do not realize that one of the biggest decisions that they will have to make is the one of the first, assuming that the product has been chosen. Not selecting the best type of ownership can have consequences for the owner as well as for the business itself. The types of ownership will change the cost the ease in which the company is set up, how liable the owners are, what happens when there is a death or withdrawal of an owner, the environment of…

develop a business, they can form a sole proprietorship, partnership, limited liability company, or a corporation. A sole proprietorship refers to a business that is owned and managed by one person. A partnership is a business where two people agree to be co-owners of a business and general participate in management and share the incoming profits. A limited liability company is relatively new in terms of business formations. It is a company that is a combination of a partnership and corporation.…

Business Concepts: Restaurant Style Since I was about nine years-old, I have always wanted to own my own restaurant. I am currently taking the steps needed to achieve my goals. While in college, I have learned so much about business and all the different types. I realize that I cannot just open my restaurant overnight, so learning and observing everything that I can will benefit me in the long run. So far the major business concepts of owning a restaurant are: forms of business ownership,…

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 fraudulently selling the notes. It was argued R&A committed malpractice in connection with its representation of Schneider’s various companies by failing to " 'counsel ' its clients to cease their…

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…

Discuss the significance of the case AG Seurities v Vaughan. In the two cases tried together, the House of Lords reasoned that having exclusive possession of a bedroom is not enough to form a tenancy and in addition a tenancy cannot be treated as a license in relation to a section which disputes the nature of the agreement. In AG Securities v Vaughan four people were to share a flat with three other people in favour of the landlord after they had signed the lease. The lease agreement was…

One can interpret these stanzas as two people who grew up and dreamed of being successful together. As they strive for success, the two became distant until Marie Claire forgot about who was there with her even when she didn’t have anything and who does she run to when she’s feeling in despair. The last two stanza finally conveys that he no longer wants to be affiliated with her because he knows how it always ends. As for the film, Jack was questioned by his ex-girlfriend as to why he is staying…

incorporation, a company is recognised as a legal person with its own rights and obligations. Although, being a legal entity, it cannot operate without its organ namely, the Board of directors. The principle of limited liability flows from the concept of separate legal personality in that the assets and liabilities of the company belong to the company and not to its shareholders and directors . 1.2 Directors owe fiduciary duties to the company and are empowered to manage the company in good…