Day: September 16, 2020

Distinction between a natural person and a legal person with reference to the law governing legal personality Natural Persons are simply human beings and they are internationally recognized to have and enjoy the basic human rights and freedom There legal Read More …

Liability of an individual partner for the liabilities of the firm. The liability of a general partner extends to the whole of the debts of the partnership. He jointly with the other partners for this reason a creditor can pursue Read More …

Liability of the firm in torts committed by one partner Where a partner commits a tortuous act, the remaining partners are jointly and severally liable with him, provided they authorised the act either expressly, or by implication, where the act Read More …

Rights and duties of partners in a partnership with no partnership agreement Rights of partners Equal profit and loss sharing Equal right to participate in management. The right to require certain property of the firm to be sold in payment Read More …

Mary Kinga will accrue the following rights and obligations as an assignee She is entitled to receive the share of profits which the assignor was entitled She receives the share of the assignor in case of dissolution of the partnership. Read More …

Distinction between memorandum and article of association Memorandum of association governs the company and outside world, whereas the article are internal rules of management Memorandum of association must be registered with registrar whereas the company may choose to adopt Table Read More …

Disadvantages of a limited partner He cannot participate in the management of the firm. He cannot bind the firm. He is not entitled to dissolve the partnership by notice. His death does not dissolve the partnership, unless provided for in Read More …

Advantages a company has over a partnership as a form of business organisation. Limited Liability First and foremost benefit of doing business via company is the limited liability conferred upon the company’s directors and shareholders. As a sole trader or Read More …

Types of domicile. Domicile of origin This is the domicile a person acquires at birth. Sections 3-6 of the law of Domicile Act sets out the rules / principles governing acquisition of domicile of origin: An infant born legitimate acquires Read More …

Rights of a trade union member:- Right to participate in its lawful activities. Right to participate in the election of its officials and representatives. Right to stand for election and be eligible for appointment as an officer or official. Right Read More …