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Subject: Law on Partnership and Corporation (Philippines)
What are the effects of mergers and consolidations?
Step by step
Solved in 4 steps
- A school of thought is of the view that a limited liability company is said to be best in respect of setting up a business, others are of the opinion that a limited liability just shifts the burden of the failure of business to a non-existent person called a company and its creditors.a) with the aid of the Company’s Act 1960, Act 179 and decided cases, discuss what is termed as a limited Liability Company b) According to case law and statute, at what time is a company liable for acts committed byits directors. c) Discuss the Mechanics of Incorporation d) Explain the Ultra Vires PrincipleSubject: Law on Partnership and Corporation (Philippines) What is the concept of Appraisal Right? Ennumerate and Explain the instances where one can exercise Appraisal Right What are the requirements of a valid appraisal right?Skip and Jack are the shareholders of the Blue Fish Event Corporation. Skip and Jack regularly put on classy events on or near the beach, so they have a special insurance policy to protect their assets. Business has been slow as fewer large beach weddings are taking place, so Skip and Jack use a large fan to blow down and damage most of their décor assets, some of which were personal assets of Skip and Jack, to collect the insurance benefits. (a) Assuming their acts are proven, will a court allow Skip and Jack to recover the insurance money? (b) Is this a situation where the corporate veil may be pierced? Why or why not? (c) What would it mean for Skip and Jack if the corporate veil is pierced in this situation?
- art IScenario IAgroVate, a Delaware corporation, is the target of a bid from Bijoux. Bijoux had originally approached AgroVate’s board with an offer to buy the company, but AgroVate turned down the offer. Now, in newspaper ads and direct mail to shareholders, Bijoux has initiated a tender offer to shareholders well above market price.The Board of Directors of AgroVate consists of the three Maxxo brothers, Happy, Dopey and Sleepy, as well as eight other directors who are not related to the Marx Brothers. AgroVate’s bylaws provide that eight directors constitute a quorum.Manly Pearson, the president of Bijoux, wants to take control of AgroVate and merge it with Bijoux. He plans to replace the current board and sell off AgroVate’s widget finishing division, which he thinks is dragging the company down. Pearson has no interest in the widget business; Bijoux makes service uniforms; Pearson simply sees the takeover as a business…Which of the following is not named as a defendant in derivative actions by a limited partner in a limited partnership? Question 34 options: general partner limited partnership other limited partners limited partners cannot bring derivative actionsAgreements, including mergers, among firms in a vertical relationship are so unlikely to be anticompetitive that they ought to be considered “per se” legal and not subject to antitrust review and challenge. Discuss whether you agree with this statement.
- Describe the specific board structure present in Direct Relief organization, including the benefits of its structure.Subject: Law on Partnership and Corporations 1. Discuss briefly the kinds of powers that a corporation can exercise.Shep and Gerald are nearing the end of the production of their new film, "It All Falls Sideways," and are seeking advice on how to end their limited partnership. Shep and Gerald have some outstanding bills and still expect some income as well. (a) What steps are necessary to end this limited partnership? (b) What would happen if Shep wanted to end the partnership, but Gerald wanted to continue making films? (c) What must Shep and Gerald do to wind up and distribute the remaining assets?
- Victoria Adamson and Bobby Lemay opened a partnership business to deal in office supplies, learning materials and a book distribution company. The business becomes extremely successful, and they open up a number of branches in other regions. In order to expand the business, they consulted their lawyers to incorporate the business. The new company was to be called ‘Lemdams Stationery Ltd.’ Naomi Adade a renewed upcoming children’s book writer was eagerly seeking to sign a contract with a distributing company around the time Victoria and Bobby decided to register their company. Victoria and Bobby approach Naomi and asked her to do business with them and gave her deals she wasn’t able to resist. The duo tells Naomithat the name of their company was Lemdams Ltd. Eager to get a distributor for her books and also wanting to get the distribution gig, the duo did not wait for the incorporation and enters into the contract using the name Lemdams stationery ltd. After some few months Victoria…Chapter 6. Crypt-Me-Not Investments, Inc. is a new investment fırm that deals exclusively with cryptocurrency investments. An investor wants to invest $100,000 in cryptocurrency next year and approaches them about investing in Solana (SOL) and Dogecoin (DOGE) which are currently selling at $175 and $0.50, respectively. The expected annual return on each unit of SOL is $180 and on each unit of DOGE is $100 and like everyone else, the investor wants to maximize their returns. The risk index associated with each unit of SOL is 1.6 and with each unit of DOGE is 1.8. Crypt-Me-Not recommends not crossing a total risk value of 5000 with the client's investments. Moreover, since DOGE is substantially cheaper and less risky than SOL, the investor insists that a minimum of 1,000 units of DOGE in the portfolio is necessary. Based on these constraints, formulate a Linear Program and answer the following questions after solving it using Solver in Excel (Round up to the next whole number for fırst…
