FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Under Corporations legislation in Australia, a company is invested with a distinct legal personality, which is separate from its' owners, shareholders and directors. Required: Discuss

Under Corporations legislation in Australia, a company is invested with a distinct legal personality, which is separate from its' owners, shareholders and directors.

Required:

Discuss what this statement means and its implications, with reference to the main legal consequences of the corporation as a separate legal entity under both common law and the Corporations Act 2001 (Cth).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law Text Cases And Materials

Contract Law Text Cases And Materials

Authors: Ewan McKendrick

10th Edition

0192856545, 978-0192856548

More Books

Students also viewed these Law questions

Question

★★★★★
During the year, Grace, Inc., has total sales of $800,000. Based on total sales, the corporation estimates that its bad debts for the year are 2% of sales. As a result, the corporation deducts...

Answered: 1 week ago

Question

★★★★★
10.3 Define and distinguish among prejudice, stereotypes, discrimination, and stereotype threat. (APA 1.1, 1.3, 3.2, 3.3)

Answered: 1 week ago

Question

★★★★★
Write the SQL code to create the table structures for the entities shown in Figure P7.65. The structures should contain the attributes specified in the ERD. Use data types that would be appropriate...

Answered: 1 week ago

Question

★★★★★
Under Corporations legislation in Australia, a company is invested with a distinct legal personality, which is separate from its' owners, shareholders and directors. Required: Discuss what this...

Answered: 1 week ago

Question

★★★★★
If the monthly payments for a $250,000 loan are $1,649.88 and the interest rate is 5%, what is the loan term in years? 0 20 years 0 22 years 240 years O 30 years

Answered: 1 week ago

Question

★★★★★
5.6.3. A missile, starting from rest on the ground, is propelled by its jets with a 50,000 N force upward. Consider that the average mass of the missile is 4,000 kg. A. Setup with a labeled diagram....

Answered: 1 week ago

Question

★★★★★
Zoey is selling chocolate bars as a fund-raiser. She has 9 chocolate bars left to sell, of which 3 have almonds in them and the rest have caramel in them. If 2 of Zoeys candy bars are randomly...

Answered: 1 week ago

Question

★★★★★
When we communicate using posture, eye contact, tone of voice, and volume, we are delivering a(n). message. encoded O nonverbal verbal ineffective

Answered: 1 week ago

Question

★★★★★
Assume that you are an analyst who uses the CAPM to evaluate stocks. There is a firm that has ROE of 25%, a beta of 1.12, the expected return on the market is 15%, the risk-free rate is 5%, and the...

Answered: 1 week ago

Question

★★★★★
The most significant difference between an owner representation agreement and a buyer representation agreement is the client. the commission amount. agency law applications. contract law applications.

Answered: 1 week ago

Question

★★★★★
2. How do the values of a cultural group influence communication with members of other cultural groups?

Answered: 1 week ago

Question

★★★★★
What is the orientation toward time?

Answered: 1 week ago

Question

★★★★★
4. How is culture a contested site?

Answered: 1 week ago

Previous Question Next Question