Deferred debts - disclaimer of assets, Business Law and Ethics

Deferred Debts - Disclaimer of assets:

Deferred Debts:

A debt owed to a member as member, i.e. an unpaid dividend, is a deferred debt paid only when ordinary debts have been paid in full.

Rights of Employees:

The effect of liquidation is often to terminate the contracts of service of employees of the company.  The company may owe them arrears of wages or salaries which can be preferential debts wholly or in part.

Posted Date: 1/15/2013 5:33:24 AM | Location : United States







Related Discussions:- Deferred debts - disclaimer of assets, Assignment Help, Ask Question on Deferred debts - disclaimer of assets, Get Answer, Expert's Help, Deferred debts - disclaimer of assets Discussions

Write discussion on Deferred debts - disclaimer of assets
Your posts are moderated
Related Questions
Determine in detail about the money market Prior to the change in monetary policy both countries are assumed to be in equilibrium at point A in both of these diagrams. Only at

Question 1: (A) What do you understand by Collective Bargaining? (B) What is collective bargaining from: (I) The economic point of view

What are the fundamental rights regarding the sea Providing states with a framework to protect their fundamental rights regarding the sea, the 1982 Convention has also set up s

Determine the term Uncertainty - Policy process We know that uncertainty is one of main influencing factor in policy process and especially in coordination of economic policies

Many stakeholders emphasised that it would be difficult to quantify phoenix activity as phoenix operators are very skilled at 'flying under the radar'. Impacts, beyond those listed

What is the meaning of potential harmonization On reviewing the literature on coordination, convergence, and potential harmonization of antitrust laws, we discover several dif

Types of Capital: A company's capital at any given moment may consist of: a)      NOMINAL OR AUTHORISED CAPITAL This is the capital that is stated in the memorandum of a

Determine the deciding factor with respect to legislature Party with most votes has been in control of the legislature, so the deciding factor with respect to legislature is th

QUESTION (i) (a) What is the composition of the Public Service Commission?     (b) How are the commissioners appointed? (ii) (a) What is the composition of the Judicial a

Characteristics of Unincorporated Associations However these are associations of persons that who associate to promote a common and lawful purpose.  Thus now they have no lega