b.a business studies bus361 business law. when does legal personality begin for humans? when does...

B.A BUSINESS STUDIESBUS361

BUSINESS LAW

When does legal personality begin for humans?

When does legal personality end for humans?

Mental incapacity Wills and inheritance

Corporations – companies, schools and councils

Corporation sole

Corporation aggregate

Crown, bishops, vicars

Any office that continues to exist even though each individual only holds it for a limited time

Royal Charter Statute Registration Partnership v Corporation Limitation of Liability Acting in the name of the company

Definitions Commencement of business Capital Continuity Publicity and external control of

udnertaking Taxation

Definition Commencement of business Capital Continuity Publicity and external control of

udnertaking Taxation

Limited Companies

Unlimited Companies

Public and Private Companies

Company’s name Registered Office Objects Limitation of Liability Capital

Share Capital Shares and Certificates Joint holders of shares Calls on shares Transfer of shares Transmission of shares Forfeiture of shares and lien Alteration of share capital Borrowing powers General Meeting Powers

Definition

Nature

Non-judicial Dissolution

Ending of the period for which the partnership was to exist

Achievement of the purpose for which the partnership was formed

Notice Death of a partner Bankruptcy of a partner Illegality Charge

i. Partner’s mental incapabilityii. Partner’s physical incapacity iii. Conduct prejudicial to the businessiv. Wilful or persistent breach of the

agreement or conduct affecting the relationship

v. The business can only be carried on at loss

vi. The just and equitable ground

Authority of partners during winding up Profits after dissolution Realization and distribution of the assets

Limited Partnership

The Limited Partnership Act 1907

No more than 20 members

One general partner whose liability is unlimited

Thank you for your attention!