Nature of a company, Business Law and Ethics

Nature of a Company:

There is no precise legal definition of "a company". This is due to historical reasons which are too lengthy to be narrated in this text. Suffice it to say that the word "company" is a by-product of mercantile rather than legal ingenuity and was in use in England long before what is now called "company Law" came into existence.

Although the word was initially used by English merchants to denote associations which they had formed for trading overseas, such as British East India Company and the Hudson Bay Company, it was gradually extended with surprising latitude to diverse associations until it ceased to have a specific meaning. One major consequence of this extension is that the English Company Law which has been adopted in Kenya defines or classifies "companies" according to the mode of their formation rather than according to their intrinsic attributes.

Posted Date: 1/12/2013 1:53:56 AM | Location : United States







Related Discussions:- Nature of a company, Assignment Help, Ask Question on Nature of a company, Get Answer, Expert's Help, Nature of a company Discussions

Write discussion on Nature of a company
Your posts are moderated
Related Questions
Economic and Social Council The Economic and Social Council (ECOSOC) is a specialized organ of the United Nations and was established, inter alia, to monitor and regulate human

what is void contract

Main advantages - mergers and winding up: A scheme of arrangement under s.207 offers three main advantages: (a)     it can be used in circumstances to which s.210 and s.280

What are the features of the OMC process Participation is also seen as a central feature of the OMC process, especially if it is to be extended beyond 'top-down' to encompass '

Question 1: Critically analyse the major changes brought to Industrial Relations by the Employment Relations Act 2008? Question 2: Write short notes on the followings:

Hypothetical case example: Allison is an 18 year old female student is the first year of an undergraduate university degree. She shares a double room in the university dorm wit

Interpersonal Relationships Entrepreneurs are more concerned with people's accomplishments than with their feelings. They generally avoid becoming personally involved and

Create a Poster The summative assessment for the module is a poster session. The poster must take a theoretical perspective, supported by appropriate applied examples The p

QUESTION 1 (a) Section 45(10) provides for remedies that the Independent Review Panel may recommend if it finds merit in an application for review. State three of those remedie

Liquidators and Receivers: The distinction between liquidators and receivers must be kept clear: (a) a receiver is a representative of secured creditors appointed by them (