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Explain the term RECOGNITION
RECOGNITION
The term Recognition under international law means and involves the acceptance or acknowledgment of the existence by a State of any fact or situation occurring in its relations with other States. Recognition can be categorized into the following:
To States,
To Government and
To Disputes
Unsecured trade creditors: It refers to a "class" of members or of creditors. Obviously if two or more companies are involved or if one company has two classes of shares, eg.
Trading arrangements: From this statement, it can be inferred that, if a court held that a company acted in a particular instance as an agent of its holding company, the veil
Legal Pyramid: However the sources of England law mentioned above may be described through the aid of the following diagram or "legal pyramid"; NOTE: there as;
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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 (
what meaning of sales of goods
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Loans Given for Necessaries - Void Contracts It may happen that an infant asks someone to a loan for buy necessaries like school uniforms or textbooks. Therefore the per
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