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Business Law
Anything related to the legal aspect of business, including the suing of companies, laws that companies must follow, or the breaking of laws by businesses should be asked here.
4,271 Questions
What does PYF mean and why should you do this?
PYF stands for "Pay Yourself First." It is a financial strategy that involves setting aside a portion of your income for savings or investments before paying any other expenses. By prioritizing saving before spending, you ensure that you are building wealth and financial security for your future.
Minimum number of directors in private company?
Minimum number of director in a private company is 2.
When a company goes public it begins to do what?
It begins selling shares of stock in a public stock
market
When a company goes public it begins doing what?
When a company goes public, it sells shares of its stock to the public through an initial public offering (IPO). This allows the company to raise capital to fund growth and operations. It also enables the company's shares to be traded on a public stock exchange, providing liquidity for investors and increasing the company's visibility and credibility.
No, a private company remains private even if a public company holds a percentage of its paid-up capital. The status of a company as public or private is determined by its articles of association and the provisions of the Companies Act in the relevant jurisdiction.
Importance of mass communication?
Mass as indicated refers to a large number of people heterogenously dispersed around the globe.
Communication is an oral or written conversation between two or more persons
Mass comm is important in a way dat it creates a global connection around the world.with the use of mass comm/media different persons can listen to a news at a particular time in different place
As a field of study,it improves ones communicating skills, and also can be use to get jobs in respective place such as:news casting, journalism, pesenter,e.t.c.
What r the qualifications of the director in the public and private companies?
Be a good communicator both orally and written. Have a good understanding of business sector he/she has specialized on. Be a good listener - always keep his/her mind open even in the toughest moment. Be capable of asking questions without forcing his/her own answers.
Is there a law prohibit trying underwear before you buy?
There is no specific law that prohibits trying on underwear before purchase. However, many stores have policies against trying on underwear for health and hygiene reasons. It is recommended to check with the store's policies before attempting to try on underwear.
What is the definition of law?
From the related link below:
the principles and regulations established in a community by some authority and applicable to its people, whether in the form of legislation or of custom and policies recognized and enforced by judicial decision.
The related link below contains other definitions of law also.
What is the difference between advertising and advertisement?
Advertising will be the funding and implementation of placing the advertising in various medias. The advertisement will be the end product that is viewed through these medias. In other words advertising is one of the vehicles for the advertisement.
Adding more:
Simply Advertising is a process who's final result is the advertisement
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What does the term Holdings Inc mean?
Holdings Inc is a suffix commonly used in the names of parent companies to indicate that the company primarily holds ownership stakes in other companies, rather than engaging in operations itself. This structure allows for easier management and financial oversight of multiple subsidiary companies under one umbrella.
What are the components of an ethical code of conduct?
An ethical code of conduct typically includes principles, values, and guidelines that govern the behavior and actions of individuals within an organization. It often covers areas such as integrity, honesty, respect, fairness, accountability, and transparency. Additionally, it may outline specific rules and standards for addressing conflicts of interest, confidentiality, and compliance with laws and regulations.
Is a minor partner liable for the loss of business?
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.
Can a foreigner become partner in Indian partnerhp firm?
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 is the Financial Institutions Reform, Recovery, and Enforcement Act. This act was passed on August 9, 1989 to respond to the Savinggs and Loan Crisis after it bankrupted the Federal Savings and Loan Insurance Corporation. The FSLIC was supposed to make sure Savings and Loan depositors received their investments back when the banks went bankrupt.
FIRREA provided $50 billion to close failed banks and stop further losses. It set up a new government agency called the Resolution Trust Corporation (RTC) to resell Savings and Loan assets, mostly real estate, and use the proceeds to pay back depositors. FIRREA also changed Savings and Loan regulations to help prevent further poor investments and fraud.
Examples: Without FIRREA, depositors in bankrupt Savings and Loans would have simply lost their money.
What are the objectives of EPC contract?
The objectives of EPC contract is to define the goals and expectation of a project. This is the same as with any other form of business contract. EPC refers to Engineering Procurement Construction.
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) describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer. Contrasting terms are business-to-consumer (B2C) and business-to-government (B2G). B2B branding is a term used in marketing.
The overall volume of B2B (Business-to-Business) transactions is much higher than the volume of B2C transactions.The primary reason for this is that in a typical supply chain there will be many B2B transactions involving sub components or raw materials, and only one B2C transaction, specifically sale of the finished product to the end customer. For example, an automobile manufacturer makes several B2B transactions such as buying tires, glass for windscreens, and rubber hoses for its vehicles. The final transaction, a finished vehicle sold to the consumer, is a single (B2C) transaction. Example for B2B site - bizbilla.com , and for B2C flipcart.com
Get More Information at: en[.]wikipedia.org/wiki/Business-to-business
Clothing is not something that the courts have been willing to define as necessary?
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.
What is a professional corporation?
A Professional Corporation, or P.C., following a company name indicates the structure of the corporation is that of licensed professionals. This is authorized by state law and includes a fairly narrow list of licensed professions such as doctors, lawyers, accountants, architects. Unlike a regular corporation, a professional corporation does not absolve a professional for personal liability for her own negligence or malpractice. The main reason why groups of professions choose this organizational structure is that, unlike a general partnership, owners are not personally liable for the malpractice of other owners. In some states, limited liability partnerships offer this same benefit and may be more desirable for other reasons.
What is state and state system?
You may be referring to the sovereign sub-national entities that were party to the conventionalizing and ratification of the United States Constitution, or to admission authorized by other States and the Congress according to the U.S. Constitution, called the "Several States" in the U.S. Constitution.
The States are dual sovereigns with the federal government or the United States, and have their own statutes, common law, and branches of government under both a State constitution and the United States Constitution.
You may also be referring to the United States Department of State (the "State Department"), which is headed by the Secretary of State (the chief foreign-affairs officer under the United States), which is the executive agency responsible for certain aspects of the conduct of the foreign affairs of the United States.
