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SECURED CREDITORS: A secured creditor may: (a) realize his security and prove as an unsecured creditor for the balance (if any) of his debt; (b)value the security and prov
STATUTORY INTERPRETATION: Conversely the precise connotation of a law written in an Act may cause a legal dispute. So this is so because, even though the law is written and c
Principle of statutory provisions: Most of the cases in which the principle has actually been applied appear to fall within one of the following two classes:- 1. Where the
Statutory Form: Section 14 of the Act provides that the form of the Memorandum of Association of a company limited by shares shall be in accordance with th
Dissolution by the Court Conversely Section 39 of the Act prescribes the state of affairs that the court will decree the compulsory dissolution about a partnership. They are: li
Case Study Cathy's septic tank at her house was old and it suddenly stopped working. On 9 June 2008 she called Dave, the owner of Septix Pty Ltd (-Septix?), to urgently give
It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on indi
Equity: Moreover the word "equity" ordinarily means "fairness" or "justice". In fact as a source of England law there the phrase "doctrines of equity" denotes the body of Eng
Consideration - Element of Contract Just to an agreement to constitute a contract the common law of the England then adopted in the US, requires such, must be supported with c
Q. Show Recent developments in mitigating phoenix activity? Since these previous works, there have been significant developments in mitigating phoenix activity. Following Tr
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