14th lecture
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i. A pre incorporated contract is an agreement made by promoters on behalf of a company before its existence. It is provisional in nature and not binding on the company unless adopted. ii. A provisional contract is one that is not final. It allows a company to enforce the contract against third parties if the terms are included in the incorporation, but a third party cannot enforce it against the company unless it is ratified or adopted. iii. Pre incorporated contracts are voidable at the company's discretion and aim to protect the company's interests by requiring express or implied adoption of the agreement after formation.
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Overview and Formation of Contracts
Learning Outcomes Checklist
After studying this chapter, students who have mastered the material will be able to:
Distinguish between contracts based on categories and apply the correct source of law to specific contracts.
Explain the concept of mutual assent by defining the legal requirement of agreement.
Identify and explain the other requirements for the formation of a valid contract.
List the events that terminate the power of acceptance and distinguish between termination through action of the parties versus
operation of law.
Apply the mailbox rule to resolve a question of when acceptance is effective.
Articulate the legal requirement of consideration and identify which contracts do not require consideration.
Give examples of circumstances where the legal requirements of capacity or legality are at issue.
Explain the concept of enforceability and geniune assent.
Categorize what contracts must be in writing to be enforceable and explain the minimum required terms that satisfy the law.
The law of contracts is one of the most common and important areas of the law that business owners and managers deal with on a dayto
day basis. Everyone working in a business environment will, in one form or another, deal with contracts throughout their career.
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used in business transactions. The simple act of purchasing office supplies from a local merchant is a form of agreement governed by
contract law.
Formation and legal enforcement of agreements have been recognized since ancient times. As early as 1780 BC, contracts were being
enforced by the Babylonians by virtue of the authority of the Code of Hammurabi. During much of the rule of the Roman Empire, the
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written extensively on the importance of society recognizing legally enforceable promises and providing remedies for those who suffered
losses. Consider the consequences of failing to provide for legal enforceability of a promise and its impact on the very fabric of civilized
societies.
Since business owners and managers are often involved in daytoday oversight of various agreements and transactions, understanding
contract law reduces risk by limiting liability through the recognition of potential legal issues, crafting an appropriate response, and
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In this.
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The document discusses the essential elements of a valid contract and the characteristics of negotiable instruments under Indian law. It provides definitions for key terms like negotiable instrument, holder in due course, and different types of cheque crossings as defined in the Negotiable Instruments Act of 1881. The summary highlights that a valid contract requires offer and acceptance, lawful consideration, capacity and consent of parties, a lawful object, and certainty. It also outlines privileges of a holder in due course, including acquiring good title to a negotiable instrument despite any defects in the transferor's title.
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More from Munir Hussain
7th lecture
The document outlines the key stages in forming a company:
1. The promotion stage involves preparing essential documents like the memorandum and articles of association.
2. The incorporation/registration stage where the company is formally registered by submitting documents like the memorandum, articles, and director information to the registrar.
3. After registration, the company can raise capital through issuing a prospectus or statement in lieu of prospectus for public companies and then commence its business operations upon receiving a certificate of business from the registrar.
6th lecture
A private company has several restrictions compared to a public company, including:
- Restricting the right to transfer shares
- Limiting membership to 50 people maximum
- Prohibiting any invitation to the public
A public company does not have these restrictions and has fewer procedural requirements compared to a private company, such as:
- Membership is unlimited
- Shares are freely transferable
- Can issue a prospectus and invite investment from the public
The key difference is that a private company provides more procedural relaxations while a public company has fewer restrictions but more disclosure requirements. Both have equal legal status as independent legal entities.
5th lecture .
This document compares companies and partnerships across various factors such as legal status, liability, governance, and registration requirements. Key differences include:
- Companies have a distinct legal personality and perpetual succession while partnerships do not.
- Partners have unlimited liability for partnership debts but members of companies have limited liability.
- Partnerships are governed by partnership agreements while companies are governed by their memorandum and articles of association.
- Registration is optional for partnerships but mandatory for companies to obtain legal status and limited liability.
4th lecture
This document provides an overview of different types of companies under the Companies Ordinance 1984 in Pakistan. It discusses companies limited by shares, companies limited by guarantee, unlimited companies, and organizations not for profit. It notes that companies can be private or public. It also discusses associations not for profit, and the power of the Commission to dispense with "Limited" in the name of charitable companies. Examples of different types of companies are provided such as chartered companies, statutory companies, registered companies, single member companies, private companies, public companies, listed companies, companies limited by shares, companies limited by guarantee, home companies, foreign companies, and holding and subsidiary companies.
Agency
An agency is a contract that regulates the relationship between a principal and an agent. The principal is the person who authorizes another to act on their behalf as an agent. An agent is a person employed to act for or represent the principal in dealing with third parties. An agency can be created through agreement, estoppel, ratification, or operation of law. The duties of an agent include following the principal's directions, working with reasonable skill, compensating the principal, maintaining accounts, and communicating with the principal. An agency terminates through agreement between the parties, revocation, completion of the task, expiration of time, or circumstances such as death, insanity, insolvency, or a change in law.
Registration process
Two or more partners can register their partnership firm under the Partnership Act of 1932. The application process involves filling out Form 1, providing a partnership deed signed by all partners, and paying a registration fee of Rs. 1000. Applicants must also submit copies of CNICs, proof of a business address, and an authority letter if an agent is applying on behalf of the partners. Once completed documents are submitted to the Assistant District Officer, the registration will be processed according to the Partnership Act if all prerequisites are met. The registrar will issue a registration certificate if satisfied with the documents.
Essentials
This document discusses key aspects of partnership law, including:
1. The definition of partnership as a relation between persons sharing profits from a business carried on by agreement.
2. The four essential elements that must exist for a partnership: carrying on a business, agreement to share profits, business carried on by all or acting for all.
3. The importance of a partnership agreement which establishes terms, management regulations, and other provisions.
4. Examples of important provisions that should be included in a partnership agreement such as the name, nature of business, locations, partners, salaries, work divisions, profits, dealing bank, capital contributions, profit ratios, drawings, interest, admissions, goodwill, accounts, rights/dut
First assignment
Ms. Calpana Lee wants to register a firm called "Thanga Bahnga Lee" with the Security and Exchange Commission of Pakistan Quetta, but they refused. She argued that companies and firms have the same legal status, so the registration forum does not matter. Students of the 6th semester LL.B program must complete an assignment examining Ms. Lee's statement as the legal advisor to SECP. The assignment must follow a prescribed format with sections for particulars, contents, the main 3-page body, and remarks, and must be handwritten, with an April 8th deadline.
2nd lecture typology of partnership
This document summarizes different types of partnerships and their key characteristics. It describes general partnerships as those where all partners' liabilities are unlimited. Particular partnerships are formed for a specific project or time period. Partnerships at will have an unlimited time period. The document outlines that a partnership requires at least two people, is for business purposes only, involves mutual agency between partners and sharing of profits, and has unlimited liabilities for all partners. A limited partnership has at least one partner with unlimited liability and one or more with limited liability.
Lecture 1st
This document defines and explains the concept of bailment under contract law. It discusses:
1) Bailment involves the delivery of goods by the bailor to the bailee for a specific purpose, with an understanding the goods will be returned or disposed of as directed.
2) The bailor is the person delivering the goods and the bailee is the person receiving them. Bailment has certain essential elements to constitute a valid contract.
3) The document outlines the duties of both the bailor and bailee, as well as their respective rights. It also discusses how a bailment can be terminated.
1st lecture
This document provides an introduction to the subject of law of business organization. It outlines 9 key learning objectives: 1) to understand law, business, and organization, 2) the definition of law of business organization, 3) its nature and scope, 4) relevant laws, 5) the syllabus, and 6) the importance of business law. Business law regulates commercial activities and dealings through rules governing how to establish and run a business. It protects liberties, maintains order, resolves disputes, and establishes standards for business concerns and their interactions with government agencies and individuals. As infrastructure projects like CPEC develop, the significance of business law will increase considerably in Pakistan.
Result 1st
This document contains the results of the first quiz for the Introduction to Law course of the LL.B 1st semester. It lists the role numbers of 502 students and their individual scores on Quiz 1, Quiz 2, Quiz 3, Assignment 1, and Assignment 2. The lecturer is Munir Hussain from the University Law College in Quetta. It is dated October 31, 2020 and is regarding the results of the first quiz for Unit One of the Introduction to Law course.
2ND quiz 1 semseter
This document appears to be a quiz for a law course, containing different types of questions about introductory legal concepts. It includes true/false questions with answers, multiple choice questions on topics like ancient law codes, and a matching exercise pairing answers with letters. The quiz was prepared by a lecturer and covers material for the first semester of an LL.B program.
Result 1st
The document contains the results of the first quiz for the Introduction to Law course of the LL.B 1st semester. It lists the role, student number, name, and marks of 501 students. It also provides the course code, standard, topic, and details of the lecturer and college. The results are dated October 17, 2020 and are subject to errors and omissions.
1st quiz 1semester c
This document contains an answer key for a 1st quiz on introduction to law for an LL.B first semester course. The quiz contains 10 multiple choice questions and 5 matching questions covering topics like normative ethics, descriptive ethics, absolutism, and philosophers like Immanuel Kant and their contributions. The answer key provides the correct option selected for each question.
Assignemnt
The document outlines the requirements for an assignment on ethics and its branches for an Introduction to Law course. Students must define key ethics terms and distinguish between teleological and deontological ethics on the main body page, which cannot exceed 5 pages. The assignment must follow a prescribed format with multiple pages and be submitted in printed form by October 20th, 2020 to be considered.
4th lecture
Hedonism is the belief that pleasure is the most important thing in life and that people act to gain pleasure and avoid pain. Religion can be defined in different ways but generally involves a belief in a higher power and a system of worship. People follow religions for reasons like achieving supernatural rewards and avoiding punishments. Morality involves distinguishing between right and wrong behavior, and is related to but distinct from religion which involves external or metaphysical influences. Laws represent societal views on morality but morality comes from personal views of right and wrong.
2nd lecture
Morality refers to principles of right and wrong governing an individual's behavior. Ethics is a branch of philosophy dealing with moral principles and values relating to human conduct. The document discusses the concepts of morality and ethics, noting they are often used interchangeably but sometimes distinguished. Morality may refer more to personal principles while ethics refers to the standards of a community or profession. However, ethicists today generally use the terms interchangeably without distinguishing between them. The key aspects are that both morality and ethics concern principles of right and wrong behavior.
3rd lecture
Morality refers to principles of right and wrong that guide behavior and is the foundation of ethics. Morality can change over time as societies' views change, such as attitudes toward opium use shifting from acceptable to unacceptable. While law requires strict definitions, morality can encompass many concepts and is a personal matter, whereas law must be universal. Justice, an aspect of morality, concerns fair treatment of all classes or individuals. Morality influences behavior through social norms and condemnation, while law is enforced by courts and punishments. Not all immoral acts are illegal nor are all illegal acts considered immoral.
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留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
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本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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The legal profession, which has historically been male-dominated, has experienced a significant increase in the number of women entering the field over the past few decades. Despite this progress, women lawyers continue to encounter various challenges as they strive for top positions.
Matthew Professional CV experienced Government Liaison
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原版仿制(aut毕业证书)新西兰奥克兰理工大学毕业证文凭毕业证雅思成绩单原版一模一样
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本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
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留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
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一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
XYZ-v.-state-of-Maharashtra-Bombay-HC-Writ-Petition-6340-2023.pdf
असंगत न्यायालयी फैसलों के कारण भारत में महिलाओं को सुरक्षित गर्भपात के लिए एक भ्रामक और अनुचित कानूनी लड़ाई का सामना करना पड़ रहा है।
定制(nus毕业证书)新加坡国立大学毕业证学位证书实拍图原版一模一样
原版纸张【微信：741003700 】【(nus毕业证书)新加坡国立大学毕业证学位证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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