Outline five duties of a Promoter in company law.
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Outline five duties of a Promoter in company law.
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- Explain the salient features of competition act .In 1961, Ford Motor Company acquired Autolite, a manufacturer of spark plugs, in order to enter the profitable aftermarket for spark plugs sold as replacement parts. Ford and the other major automobile manufacturers had previously purchased original equipment spark plugs (those installed in new cars when they leave the factory) from independent producers such as Autolite and Champion, either at or below the producer’s cost. The independents were willing to sell original equipment plugs so cheaply because aftermarket mechanics often replace original equipment plugs with the same brand of spark plug. GM had already moved into the spark plug market by developing its own division. Ford decided to do so by means of a vertical merger under which it acquired Autolite. Prior to the Autolite acquisition, Ford bought 10 percent of the total spark plug output. The merger left Champion as the only major independent spark plug producer. Champion’s market share thereafter declined because Chrysler…Do corporate shareholders have an obligation to make certain that their business corporation acts in an ethical and proper manner in conducting business
- Explain the case of Regentcrest plc v. Cohen. And the consequences they facedConclude by stating the benefits and drawbacks of using Artical of association and its usefulness(if any) to govern the operations of a company.a) Identify at least three (3) benefits to real estate agency businesses of joiningeither a franchise organisation or a marketing group