Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Law & Ethics Expert

Scenario:

In the year of 2008, C wants to incorporate the company with name of “President Cheese” in which C will hold 1000 and the half share. The object of Company is to promote charity by giving cheese to poor children. C doesn’t want to have the word “Ltd” to be inserted to name of the Company.

C sends his application for incorporation to the Registrar of University of Technology. C does not want to have a Constitution for his company and also C wants to be the sole director of the company. Moreover, C wants the company to issue par value shares.

C has just learned that Zerox Co. Ltd is prosecuting his Company for non-respect of its contractual obligations under pre-incorporation contract which D, the promoter had signed in the name of C’s Company. The said pre -incorporation contract was never approved by C’s Company.

M, the director of Zimzam Co. Ltd, would wish to be briefly informed of following:

(i) Who is the promoter?

(ii) What are the duties of the promoter?

(iii) How to approve the pre-incorporation contract?

(iv) What are the effects of ratification?

Required:

Advise C and M correspondingly as per the legal issues which might arise; supporting your answer with the appropriate sections of law and case-law(s) if need be.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M99044

Have any Question? 


Related Questions in Business Law & Ethics

For this assignment you are to choose a legal issue

For this assignment, you are to choose a legal issue surrounding personnel managers in the fire service, or an issue within the workforce of the twenty first century. These may include: Managing diversity The handling of ...

Star trek - enterprise cafeyour cafeacute has now been

STAR TREK - ENTERPRISE CAFE Your Café has now been operating for 12 months and you decide to have a first-year anniversary party called "TREKKY CELEBRATION" You have invited 100 people and have asked them all to dress as ...

It is common knowledge that two controversial issues in the

It is common knowledge that two controversial issues in the American legal system are the types of criminal defenses and the manner of criminal punishment. In this assignment, you will explore both in their various forms ...

Please answer the following questions in your own words

Please answer the following questions, in your own words. Pretend you are explaining the concepts to someone who knows something about business but very little about law. Each of these five questions can be answered in t ...

1 list the federal laws regulating antitrust and

1. List the federal laws regulating antitrust and anticompetitive mergers. What are the actions governed by each law? How do the regulatory agencies determine anti competitiveness? 2. What is the purpose of the Williams ...

Assignment law enforcement challengeswrite a three to four

Assignment: Law Enforcement Challenges Write a three to four (3-4) page paper in which you: 1. Explain, in detail, what you believe to be the greatest challenge facing law enforcement agencies investigating exploitation, ...

Assignment business ethicswatch john q new line cinema 2002

Assignment Business Ethics Watch John Q. (New Line Cinema, 2002, 112 minutes) - Answer the following questions in as much detail as possible. Include references to characters and situations in the movie as necessary. (Su ...

Write a three to five 3-5 page paper in which you1 create a

Write a three to five (3-5) page paper in which you: 1. Create a philosophy and approach for balancing the issues of individual rights and the public's protection. Provide one to two (1 to 2) examples illustrating how yo ...

For the final assessment you will create a career path

For the final assessment, you will create a career path investigation in which you answer questions related to each of the branches. You may complete your project as either a Word document or as a presentation. Your inve ...

1 distinguish between deontology skepticism and

1. Distinguish between deontology, skepticism, and utilitarianism as approaches to making decisions. 2. Which of these three ethical philosophies comes closest to the official ethical guidelines expressed by federal regu ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro