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Question 1:
(a) Explain the concept of Salomon Principle and critically analyse its importance in company Law.
(b) Discuss why and in what circumstances the court will pierce the corporate veil.
Question 2:
(a) Discuss how an agency relationship is formed and how can it be terminated?
(b) What is the pertinence of such a principle of law in the business organization?
Identify and explain any legal changes which had resulted from Economic changes, Changes in our moral values and Political changes
X Co. is a retail dealer of garden tractors. Mr. Y signs a contract to buy a garden tractor for $400 but later backs out of the agreement. The tractor that Y agreed to buy is subse
Give detail explanation of Credibility problem There are indications that such credibility problem stems from a tension between the goal of encouraging innovation and investme
What is the neighbour rule? Duty of care: There is a duty of care by anyone to other where this can be reasonably foreseen which one’s action may injure another (negligen
Define the principle of prescription Prescription (res nullius-an asset susceptible of acquisition but presently under the ownership or sovereignty of no legal person). Pr
QUESTION 1 One of the main ingredients of a system of collective bargaining is the right to join and participate in the activities of a trade union. What is the extent of this
1. Tort reform refers to proposed changes in the civil system that would reduce tort litigation or damages. Proposals include, among other things,putting a cap on the amount a plai
Prospectus Issue And Statutory Provisions: A company's shares are legally regarded as goods. Consequently, the common law rule known as "caveat emptor" applied to their sale.
Accuracy of the managers certificate: Was it the duty of the auditors to test the accuracy of the manager's certificate by a comparison of the figures in the books, and were t
Wishes of members of parliament -Disadvantages law: However acts of Parliament do not reflect the wishes of the people as voters although the wishes of the individuals that wh
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