CHECK THESE SAMPLES OF The Purpose of Pre-Incorporation Contracts
Facts that surrounded the Lehman Brothers Holdings Incorporation's case comprise the following: first, Lehman Brothers Holdings Incorporation frequently utilized contracts as a way of financing their activities.... Second, the repurchase contracts employed by the corporation are perceived as the liability and enhance the corporations' leverage percentage.... Third, ambiguity in the standards of financial accounting permitted the contracts to be shifted off-balance sheet in case need is met....
6 Pages
(1500 words)
Research Paper
The pre-incorporation contracts are entered into on behalf of the company by the promoters of the company.... he general provision is that the company is not liable on such pre-incorporation contracts entered in to on behalf of the company prior to its formation.... ection 32A (1) (a) of the Companies Ordinance of Hong Kong contains the statutory provisions governing the pre-incorporation contracts.... he Jiangsu Province Higher people's Court of China had promulgated certain decisions and passed on some opinions in the adjudication of certain types of company law cases that can be taken as guide lines for the determination of civil liabilities in the pre-incorporation contracts....
9 Pages
(2250 words)
Essay
elationships between consumers and contracts make clear what each party's expectations are, and what each party is ready to give in return for the expected results.... A business contract has to be of or for a Legal purpose so that it can be regarded as being valid (www....
4 Pages
(1000 words)
Research Paper
Following these two concerns, two exclusion clauses could be drafted for the purpose of limiting or excluding altogether the restaurant's liability under the two aforementioned circumstances.... Specifically, business-related contracts are informed by legal provisions, which oversee adherence to the terms and conditions outlined in such contracts1.... On the same note, the contracts made between the restaurant and its clients are subject to the applicable legal framework.
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5 Pages
(1250 words)
Essay
he English contract law remains unfair and this can be demonstrated in the case of pre-incorporation pre-incorporation contracts are those contracts which are entered by the founders of a company before its existence or before its incorporation.... he legal status of the pre-incorporation contracts under English common law is that it is illegal and cannot be approved or ratified or adopted the advantages of the contract which has been entered into on its behalf before its incorporation....
11 Pages
(2750 words)
Essay
the purpose of this paper is to examine the liability of company promoters and their contracts with third parties in relation to the Common Law and the Companies Act, 2006.
... he default position of the Common Law is that pre-incorporation contracts between a promoter and a third party are difficult to be categorised.... However, in the landmark ruling of Kelner V Baxter4 where it was recognised that pre-incorporation contracts will... This is because there is a tradition conflict in the Common Law that makes it difficult to classify contracts and obligations owed to third parties that are directly attributable to the promoter before the company was formed....
8 Pages
(2000 words)
Essay
The basic aim of the paper 'Construction contracts: Freedom of Contract' is for defining the business terms and conditions of the agreement.... Parties to a construction contract may only draft contracts that comply with the court's expectations.... The latest version of the New Engineering Contract provides a system of standard form construction contracts which indicate that the specific nature of the construction contract, although flexible is subject to a comprehensive form....
14 Pages
(3500 words)
Dissertation
The author of the paper critically evaluates the statement that the relationship between incorporation and limited liability is often misunderstood and at best confused.... These concepts are distinct even though in some contexts they may in practice be closely connected.... ... ... ... Members of limited liability cannot find an asylum behind the corporation if their behavior is not appropriate....
13 Pages
(3250 words)
Term Paper