The liability of a minor partner depends on the specific terms of the partnership agreement. Generally, a minor partner is liable for their share of the partnership's losses up to the amount of their capital contribution. However, if the partnership agreement holds the minor partner as fully liable, they may be responsible for the entire loss of business.
The full form of adidas is "All Day I Dream About Sports."
Yes, a foreigner can become a partner in an Indian partnership firm subject to certain conditions. The Foreign Exchange Management Act (FEMA) allows foreign nationals and entities to invest in Indian firms, including partnerships, under the automatic route or approval route as prescribed by the Reserve Bank of India. However, the partnership deed should be checked to ensure that there are no restrictions on the inclusion of foreign partners.
FIRREA stands for the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. It is a law in the United States that was enacted in response to the savings and loan crisis of the 1980s. FIRREA established various regulatory reforms and enforcement mechanisms to enhance the stability and integrity of the financial system, including the creation of the Office of Thrift Supervision and the Resolution Trust Corporation.
The objectives of an EPC (Engineering, Procurement, and Construction) contract are to clearly define the scope of work, responsibilities, and obligations of each party involved in the project. It aims to provide a final, turnkey solution for the client by ensuring efficient project management, timely completion, and cost control. The contract also strives to ensure quality standards are met, minimize risks, and facilitate effective communication and collaboration among all stakeholders.
Mezzanine refers to an intermediate floor or level between two main floors of a building. It is commonly found in large buildings such as warehouses, theaters, or stadiums, providing additional space or seating. Mezzanine can also be used to describe a type of financing that is a blend of debt and equity.
Business to business (B2B) refers to the transaction of goods, services, or information between two businesses rather than involving individual consumers. It involves the selling of products or services from one business to another, usually in larger quantities. B2B transactions often involve longer negotiation processes, specialized products, and contracts tailored to specific business needs.
Courts generally do not define clothing as a necessity because it is considered a basic human need for protecting one's body and maintaining social decency. While there may be some variations in what is considered "necessary" across different contexts and cultures, courts generally recognize that clothing is essential for personal dignity, comfort, and protection in most circumstances.
A professional corporation (PC) is a type of legal structure that is specifically designed for professionals in certain fields, such as doctors, lawyers, accountants, and architects. It provides liability protection to its owners, known as shareholders, similar to a regular corporation. However, PCs are subject to additional regulations and restrictions that vary by jurisdiction and profession.
A state is a political and territorial unit governed by a centralized authority. It typically has defined boundaries, a permanent population, and the ability to enter into relations with other states. The state system refers to the collective relationship and interaction between different states, often governed by principles of international law and diplomacy.
Strict liability is imposed on public policy grounds when it is necessary to promote public safety and protect against potential harm. It is often applied in cases involving dangerous activities or products, where there is a high risk of injury or damage. By imposing strict liability, the law aims to deter negligence and ensure that responsible parties take necessary precautions to prevent harm.
A public limited company (PLC) is a type of company that is listed on a stock exchange and can offer its shares to the general public. In contrast, a public limited company refers to a company that has limited liability and can have more than 50 shareholders, but it is not listed on a stock exchange. The main difference is that a PLC can trade its shares on the open market, while a public limited company cannot.
As of 2021, the states that generally require no consideration when a contract is under seal are Alabama, Delaware, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Oklahoma, Pennsylvania, and Texas. However, it's important to note that the laws can vary and it's advisable to consult with a legal professional for accurate and up-to-date information.
No, businesses do not have the power to enact laws. Laws are only enacted by legislative bodies such as government bodies or elected representatives. Businesses may, however, have policies or rules that govern their operations and interactions with customers and employees.
When selecting a name for a business, consider one that is memorable, unique, and representative of your brand. Research competitors' names to ensure differentiation and check for domain availability. Additionally, consider the long-term implications and scalability of the name.
No, if the value of a share goes below what a shareholder paid for it, the shareholder makes a loss. They would only make money if the value of the share increases above what they paid for it, allowing them to sell it at a profit. A decrease in share value results in a loss for the shareholder.
Yes, a partner can be expelled from a partnership under certain circumstances, typically outlined in the partnership agreement. The process for expulsion usually involves a vote by the remaining partners. Rights and liabilities of an expelled partner will depend on the specific terms outlined in the partnership agreement, but generally, the expelled partner may have the right to buyout their interest or may be entitled to receive their share of the partnership's assets. However, they may also be liable for any outstanding partnership debts or obligations.
Some key concepts in business law include contract law, which governs the formation and enforcement of agreements between parties; intellectual property law, which protects inventions, trademarks, and copyrights; tort law, which deals with wrongful acts that cause harm or injury; and corporate law, which regulates the formation and operation of companies. Additionally, employment law, antitrust law, and consumer protection law are also important areas of business law.
The Sale of Goods Act typically includes provisions regarding warranties and conditions in the sale of goods. A warranty is a guarantee given by the seller to the buyer regarding the quality and performance of the goods. A condition, on the other hand, is an essential term of the contract that must be fulfilled for the contract to be valid. If a warranty or condition is breached, the buyer may have remedies such as returning the goods for a refund or seeking compensation.
The kudyapi is a two-stringed, boat-shaped lute instrument from the Philippines. It is traditionally made from a single piece of bamboo and is played with the fingers or a pick. The kudyapi is often used in traditional Filipino music and can produce a range of tones and melodies.
In law, both "indorsement" and "endorsement" are used interchangeably to refer to the act of signing or endorsing a legal document, such as a contract or a check. The term "endorsement" is more commonly used in American law, while "indorsement" is more commonly used in British and Commonwealth law. However, both terms generally convey the same legal meaning in practice.
PC or "P.C." stands for "Professional Corporation", a special form of corporation which retains some personal liability for the principals of the business. Ordinarily restricted to licensed professionals such as doctors, attorneys, and public accountants.
Salary is based on whatever someone is willing to pay you, and that is usually based on their perception of what you can accomplish for them. Salary, earning potential, and marketability are not only determined by the type of field you are in and the degree you possess. It depends on your position within that field, the institution you work for, your experience, expertise, personal abilities, critical thinking skills, problem solving abilities, dedication and commitment toward ones work, and more. Thus, salary is not so much dependent on the type of degree as much as it is dependent on the person who holds the degree. Still, if you have a specific occupational title, you can then retrieve the estimated mean annual wage particular to that occupation through the U.S. Department of Labor: Bureau of Labor Statistics.
Depending on what country and sometimes State/Province you're in there are questions that are legal, or illegal and they can differ. So its important to know what you're rights are depending on where you're applying a job.
some answers could be:
I've not been asked that question before, can you tell me how that relates to the position/job?
I'm not sure what you're concerns are related to this question, could you give me more information
or you could just say you're uncomfortable with this question.
See some ideas on a site called Careego - innapropriate questions to get some more ideas