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Ostensible Authority - Authority of Partners
A difference is something drawn among the genuine and ostensible authority about a partner. Whether it is actual or express authority is such conferred on a partner through the terms about a partnership agreement. Because ostensible or apparent such authority is which a partner is vested through virtue of his status like a partner. Although apart from any express authority so then the law assumes such a partner has an ostensible authority for carry out all acts necessary to transacting the business about the firm in the general manner employed through businesses about the same nature like that of his specific firm there.
1. How do mandatory terms limit freedom of contract? 2. How do contract interpretation issues arise? 3. What is the difference between subjective and objective intent? 4
ASSETS IN THE POSSESSION OF CREDITORS: If the creditor has seized assets in the course of executing a judgement for debt against the company and at the commencement of the wi
Eagle Sales Company owns a warehouse, subject to a mortgage obtained from First National Bank. Separately, Eagle and First National obtain insurance policies from Good Hands Insura
Differences between Liquidators and receivers: There are also significant differences: (a)a liquidator has numerous statutory powers. A receiver must rely on the powers given
Duties of Directors: The duties of directors are usually considered under two broad headings, namely- i. Duties of care and skill at common law, and ii. Fiduciary duties
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 sa
i need first proposal for a thesis on arbitrtion or construction law which must be practical not theoritecal
Liability of Incoming Partners and Death of a Partner Liability of Incoming Partners However Unless a new partner makes a individual agreement to the effect such he wil
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
Question 1: (a) Explain the concept of Salomon Principle and critically analyse its importance in company Law. (b) Discuss why and in what circumstances the court will pierc
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