Full and fair disclosure of all reasonable information relating to the affairs of the company. The Act also aims at preventing the misconduct and malpractices on the part of company managements. Contract law includes drafting, rights assignment, work delegation, transactions, agreements, breach of contract, and remedies for a br… Disclaimer Copyright. Have the ability to distinguish between legal and ethical issues. According to the traditional view, company law is concerned with the organisation and functioning of joint stock companies, their constitution, and their management and eventually with the manner of their dissolution. List the various sources of the law in the United States. and discuss its role in the development of law, Make a legal decision by applying  the 3-step, case or cases with similar facts (i.e., precedent case); (2) Derive a rule of law from the. 3. Section 3(1) of the Companies Act 1956 states that a company means a company formed and registered under this Act or an existing company. What are the 5 Reasons for Government Intervention in International Trade? The basic objectives of the Companies Act, 1956 as stated by C.D. Effective participation and control by shareholders and the protection of their legitimate interests. Our mission is to provide an online platform to help students to discuss anything and everything about Essay. Legal basics such as ethics, court system structure, substantive law, and procedural law are foundational. 4. Published by Experts. 2. List the various sources of the law in the United States. Short Essay on the Joint Family Property under Hindu Law, Legitimacy of Children of Void and Voidable Marriages under the Hindu Marriage Act. Initially this law was applicable to joint stock companies only but now its scope has widened. 3. Identify the different steps in a lawsuit. Often, this involves the expertise of a specialist who can help entrepreneurs succeed in an area such as law or finance. Have a look my presentation where I shared the main purpose of business law. The term “company” is used to describe an association of a number of persons formed for some common purpose and registered according to the law relating to companies. TOS4. Explain how agencies and courts force business to disclose information by use of, Discuss generally the provisions of the two federal statutes (Freedom of Information Act, and Privacy Act) that give Americans the power to acquire or protect personal, Module Two: Ethics and Corporate Responsibility. Define the three predominant ethical theories:  Utilitarian Ethics, Deontological Ethics. 4. Module One: Introduction to Law, Ethics, and the U.S. Publish your original essays now. Content Guidelines 2. power via rulemaking, investigation and adjudication. Initially this law was applicable to joint stock companies only but now its scope has widened. Explain what a tort is and what it is designed to do. Module Three: Wrongful Acts: Torts and Crimes. Some of the largest legal areas necessary in business include the following: 1. Today it has become the principal law of organisation and management for corporate business. 5. Minimum standard of business integrity and conduct in promotion and management of companies. Powers of intervention and investigation into the affairs of companies where they are managed in manner prejudicial to the interests of the shareholders or to the public interest. The primary objectives of the Act are to regulate all private investments for the common good of the society and to protect the legitimate interests of genuine investors. Welcome to Shareyouressays.com! World’s Largest Collection of Essays! Share Your Essays.com is the home of thousands of essays published by experts like you! In the present business environment, the company law is the principal law affecting the organisation, administration and management of corporate business. The Act also aims at democratising and professionalising company managements so as to discipline the conduct and behaviour of the companies in public interest. Describe various ways to settle legal disputes. This preview shows page 1 - 3 out of 8 pages. Business Law Objectives - ModuleOne:IntroductiontoLaw,Ethics,andtheU.S LegalSystem Objectives 1 Definelaw 2 3 intheUnitedStates, 1 out of 2 people found this document helpful. Define law. Explain the differences between tort cases, contract cases and criminal cases. This website includes study notes, research papers, essays, articles and other allied information submitted by visitors like YOU. Business law is called a body of law that draws business on a variety of legal disciplines. Discuss the advantages and disadvantages of litigation in dispute resolution. 2. Article shared by. Discuss how an appeal works and the options that an appellate court has in deciding a, Explain the legal framework within which agencies are created and the implementation of. Course Hero is not sponsored or endorsed by any college or university. 2. In the present business environment, the company law is the principal law affecting the organisation, administration and management of corporate business. Businesses large and small must comply with the same legal regulations. Explain the legal principle of stare decisis and discuss its role in the development of law in the United States.


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