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Articles of Partnership - Authority of Partners
The relations of partners to one other are governed through the Articles of Partnership. Like third parties are not allowed for inspect these Articles then the Court does not presume which third parties be familiar with the contents of the Articles. So then contrast this with the Articles of a limited company of Association, such can be inspected through anyone. Like that reason every partner is deemed to then be the agent of the firm and such of the other partners in the firm. Therefore this is the rule no matter that the Articles of Partnership possibly will state with regard for the relation of partners for one another there.
Prospectus Issue: Under a prospectus issue the company sells the shares directly to the public rather than selling them through intermediaries.
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Disadvantage of a scheme of arrangement: The disadvantage of a scheme of arrangement is that it requires the preparation of elaborate documents and the observance of a strict
Utmost Good Faith Whether a partnership is such contract of the chief good faith. Every one partner is entitled for utmost gaviness rom his co-partners. Therefore this equitab
Fraudulent Trading: Under s.323, if the court finds that the business of a company in liquidation has been carried on with intent to defraud creditors or for any fraudulent pu
Standard of proof in civil cases: Therefore the standard of proof in civil cases is on a preponderance of probabilities or on a balance of probabilities. So it must be more p
Disadvantages of Arbitration First is, Arbitral awards have no precedential value as that they cannot be relied on in subsequent proceedings Second is, Arbitrati
Transfer or Passing of Property - Sales of Goods Perhaps assuming like the seller has a right to sell the goods, so it like necessary to determine the precise moment the trans
QUESTION 1 Interpreting legislation is a very important function of the Court. However, Judges must only have recourse to the intention of parliament while interpreting legisla
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