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Dissolution by the CourtConversely Section 39 of the Act prescribes the state of affairs that the court will decree the compulsory dissolution about a partnership. They are: like;(a) Lunacy or unsoundness of mindA partner becomes a lunatic or may of permanently unsound mind there.(b) Permanent incapacitationA partner becomes permanently incapable of performing his such partnership duties.(c) Prejudicial acts of a partnerA partner has acted in a manner that is prejudicial to the carrying at of the firm's business, and his such continued association with the firm would that bring the firm's name in disrepute.(d) Wilful and continuous breachA partner is guilty of a wilful breach about the partnership contract.(e) LossesThe firm's business can carried on only on a loss.(f) Just and equitableAny circumstances arise that render it fair and reasonable that the partnership is such dissolved. Therefore in Re Yenidge Tobacco Co., the partners rejected to speak to each other then like one partner petitioned the Court to a dissolution that was granted. However a state of communal hostility is incompatible with such partnership.
A team of players from a Singapore-based university was planning a trip to Cameron Highlands, where an exhibition on the history of tea, the process of growing, harvesting and proc
Liability: The secretary is an officer of the company and thus he owes fiduciary duties to the company which are similar to those of a director, eg. he must act in
QUESTION (a) What is a contract and what are the elements of a valid and enforceable contract according to English Law? (b) List down 5 main documents which form part of a b
Corporation Aggregate - Types of Corporations However this is a legal entity formed through at least two people and whose membership at any one time legally concludes of a
State law of refugees Under international law, refugees are individuals who are outside their country of nationality or habitual residence; who have well-founded fear of discri
Exceptions: The rule in Turquand's case will not apply if: i.The person suing the company is in fact an insider, such as a director of the company: Howard v Patent Ivory
Declaration and Payment: There is no provision in the Act dealing with payment of dividends. It is therefore governed by the provisions of the company's articles, failing whic
Legal Procedures: The court may order the examination in private or public (ie. open court) of an officer of a company in liquidation or of any person known or suspected to ha
Function of the Court: In Scottish Insurance Corporation Ltd v. Wilsons & Clyde Coal Co. Lord Simmons stated: "But important though its task is to see that the procedure by
Question 1: The Bill of Lading possesses the key features of an efficient transport document. Discuss. Question 2: A CIF sale is not a sale of goods but a Sale of Do
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