Month: September 2020

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 …

A strike means the cessation of work by employees acting in combination, or concerted refusal or a refusal under a common understanding of employees to continue to work for the purpose of compelling their employer or an employer’s organisation to Read More …

Trade union means an association of employees whose principal purpose is to regulate  relations between employees and employers, including any employer organisation

The court might decree dissolution of a partnership on the following circumstances- When a person is adjudged a lunatic or is shown to the satisfaction of the court to be of permanently unsound mind, When a partner, other than the Read More …

Duties of a general partner in a limited partnership He runs the affairs of the partnership firm and in the event of the dissolution; its affairs shall be wound up by the general partner. His actions are binding on the Read More …