The dietary supplement industry that brings us our ginseng, flax seed oil, and cod liver may not have used any ginseng, flax seeds, or cod's livers in producing those supplements. Although there has been a federal law on the books since 1994 that regulates these supplements, there has been little enforcement. The law requires that the supplements have a label that lists the ingredients in the supplements and the amount contained in the tablets, capsules, or caplets. Studies by the Food and Drug Administration concluded that 70% of the supplement manufacturers did not follow the federal content and labeling law. The supplements often contained fillers such as powdered rice and ground-up weeds.

However, the state of New York, through its attorney general, began its own investigation. The office of the AG there purchased 78 bottles of supplements from 12 Walmart, Target, Walgreens, and GNC stores in the state. The results of the tests were that there was often no evidence of DNA content from any of the substances claimed to be in the supplements on the labels. For example, ginseng labels promised "vitality and overall well being" on the label, However, there was no ginseng DNA in the pills. Rather, the lab tests found powdered rice, wheat, pine, and houseplants. IAnahad O'Connor, "Retailer Adds Stricter Testing of Dietary Pills," New York Times, March 30, 2015, p. A1]

Explain what the state and federal agencies can do (i.e., their authority) based on the findings of false labels and ads.

The Board of Directors Alfa Company borrowed a sum of money from a plaintiff. The Articles ofhssociation stated that the B.O.D's could bonow money provided they are authorized by a resolution in the general meeting ofthe company. The shareholders claimed thatthe fund were taken w'r'iout any such resolution; Alfa Company was liable for the loans the plaintiff found that the company could borrow funds based on the resolution, they had enough grounds to believe that resolution was passed. 0n the basis of the above; discuss: a. The importance of resolutions in the management ofthe company. b. As per the Commercial Company Law, does the situation support the plaintiff? c. As per the Commercial Company Law, does the situation support shareholders ofthe Aa Company? d. Are the role of Directors supported by such a situation in Oman Company Law? Uunivers'rty first year BUSINESS LAW - Introduction to company law Chapter 1.5 Introduction to company law Short Answer Questions [end of chapter p 432}: 1., 2. 4 and 5 Why is a director considered to be a fiduciary? Explain 1ivhat is meant by the duty to act 1ivitl'. due care, skill and diligence. 4L Briey explain what a related party transaction ls, why disclosure ls required at board level and why member approval of the transaction ls required. 5. Why does an Insolvent company or a com parry nearing Insolvency have to consider the Interests of creditors when making decisions conoemlng the allocation of company resources? Question 3 What are the differences between right issues and bonus issues? Your answer should include the advantages and disadvantages of both right issues and bonus issues. [8 marks] Question 4 The Companies Act 2016 repealed the Companies Act 1965 and changed the landscape of company law in Malaysia. The Companies Act 2016 reformed almost all aspects of company law in Malaysia. Required: By referring to the Companies Act 2016, insert the correct sections in column (A) for each description in column B. LUAccording to China's Company law, who of the following persons could be eligible for appointment as a director, supervisor or senior manager of a company? A. A person who has been convicted crime of corruption B. A physical disabled person who has full civil capacity C. A former director of a company which has been declared bankrupt where he was personally responsible for the bankruptcy D. A person who has significant unpaid debts. 8. Which of the following FIE forms is not a legal person? A. CJV B.EJV soon mug rancor C. Branch office D.IHC how of viilids and beat vilsing aved of bermilos ed or ontolyons set . 9. According to China's company law, a company may not purchase its own shares in which of the following circumstances! A. to reduce the registered capital B. to merge with another company that holds its shares C. to reward the staff of the company with shares of D. to escape some tax Page 2 7 pages in totalHow would you ensurethat your risk management processes talce into account the following legislation, codes of practice and national standards? Briefly describe eacJ'i legislation. Provide a practical example for each legislation of what n'slt action you your own works, summarize: 1irirould take that takes into account'ie legislation. .1 Duty of care l1 Company law c Contract law d Environmental law e. Freedom of information f. Industrial relations law g Privacy and condentiality l'L Competition and Consumer Law i. Disability law