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Weeks 1-3 Corporate Law Summary

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Summary of weeks 1-3 of Corporate Law - Subject 70417. Covers Partnerships and business entities, piercing the corporate veil and binding contracts in business.

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9 Pages Partial Study Notes < 1 Year old
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Weeks 1-3 Corporate Law Summary
Topics this document covers:
Law Business law Economy Structure Fiduciary Piercing the corporate veil Joint venture Law of agency Partnership Principal United Kingdom partnership law Incorporation
This is a Partial Set of Study Notes

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Topics this document covers:
Law Business law Economy Structure Fiduciary Piercing the corporate veil Joint venture Law of agency Partnership Principal United Kingdom partnership law Incorporation
Sample Text:
Perpetual succession – Can last forever c. Compliance costs involved in complying with the CA. d. Large public companies have high compliance costs compared to other business structures 2. Sole trader a. Easy to set up b. Not a separate legal entity (Unlimited liability) c. Duration only lasts the period that the sole trader is involved d. Little to no compliance costs 3. Association (incorporated or unincorporated) a. Unincorporated is easily to establish (not generally used to make profit) b. Peckham v Moore – Raises issues in relation to liability and contractual capacity of the association. i. Members leaving and joining pose problems for individual members rights to the property owned by the association. ii. Raises questions in relation to who is responsible for the conduct for the association. c. Associations Incorporations Act...
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