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In law, a company is regarded as a separate legal entity, distinct from its owners and shareholders. This means it can enter into contracts, own property, sue, and be sued in its own name. This status provides limited liability protection to its shareholders, meaning they are typically only responsible for the company's debts up to their investment amount. Overall, a company has rights and responsibilities similar to those of an individual under the law.
What else can I help you with?
Best company to work for?
Depends on the sort of job you want and the sort of person (e.g. laid back or go-getter) you are.
What is separation in employment law?
When a person leaves the employment of a company, the person is said to be separated. Separation is the act of leaving the company. Is that means resignation and separation are one and the same.
What is a lawsuit?
A lawsuit is an action a person takes in the court of law when they feel wronged by another person or company seeking money from damages.
Can a company discriminate against hiring a person if they have rheumatoid arthritis?
I don't exactly know what the laws are regarding this sort of thing, but if a company feels that a person has a disability that will interfere with their ability to do a job or show up for work and its reasonably founded then I think they can.
What is doctrine of corporate personality in a company law?
This is simply the doctrine that the directors of a company cannot be personally held liable by the company or shareholder. It distinguishes the company as a 'legal' person that may sue for breach of his or rights.
What types of companies would be considered log carriers?
A common carrier in common-law countries (usually called simply a carrier) is a person or company that transports goods or people for any person or company and that is responsible for any person or company and that is responsible loos of the goods during transport.
If someone gives a person CPR in a company environment and something goes wrong and there is a lawsuit is the person giving the CPR held responsible or the company?
I believe that in cases such as this, the good samaritan law is in effect, and no one is liable.
What sort of company did William shakespeare join?
He was a member of an acting company.
Define and explain the term person under law?
A "person," for legal purposes, is generally more broadly defined to refer more than just a 'natural' person. A legal "person" may also include a corporation, company, partnership, firm, association or society. For example, when a company incorporates, it has standing as a legal person to sue, and be sued, in courts of law. The precise definition of a person may vary by state and applicable laws.
What is the advantage of business law in people?
business law provides the rules which are applicable for business trans action .there is a compulsion to follow them while dealing with other company or person.
What provision requires the insurance company to pay claims promptly?
Every state has some sort of "Prompt Pay Law" which determines how long an insurance company has to pay a claim or they will incur a penalty. However these vary greatly from state to state.
Definition of a food inspector?
A food inspector is a person that inspects the food of a company or business so that the people that buys it are not poison or catch any sort of virus,bacteria or infection.Most importantly that they don't find any sort of insects breeding in their food. (:
