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Company Law Concentrate: Law Revision and Study Guide by Lee Roach

By Lee Roach

If you are fascinated about examination luck, it is time to Concentrate!

Company legislation Concentrate is the fundamental learn and revision advisor for legislation scholars trying to consolidate wisdom and accomplish the absolute best marks of their assessments. supplying transparent, succinct assurance of the basic themes, it permits you to quick take hold of the elemental rules of this quarter of legislation and excel in exams.

Each advisor within the Concentrate series has been conscientiously reviewed and is counseled via scholars and teachers for its excessive point of insurance, accuracy, and examination advice.

Packed with crucial details, key circumstances, revision counsel, perform examination questions, and extra, Company legislations Concentrate can also be supported via quite a lot of on-line assets to take your studying further.

Online source Centre
DT Plan your revision utilizing the printable subject overviews
DT aim the components you want to be aware of with the diagnostic try out and key evidence checklist
DT try out your wisdom of corporation legislations with a number of selection questions and obtain suggestions in your answers
DT enhance your essay-writing abilities utilizing the description solutions and specialist guidance
DT Revise the most important proof and instances of the topic utilizing the interactive flashcards
DT examine the $64000 phrases and definitions utilizing the interactive glossary
DT discover the topic in additional intensity with huge additional examining recommendations
DT in achieving higher marks as a result of skilled recommendation on revision and examination strategy

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Extra info for Company Law Concentrate: Law Revision and Study Guide

Example text

Action has been carried out in its name and the company does not assume the obligations arising from such action, the persons who acted shall, without limit, be jointly and severally liable therefore, unless otherwise agreed. Article 7 has been implemented by s 51(1) of the CA 2006, which states: A contract that purports to be made by or on behalf of a company at a time when the company has not been formed has effect, subject to any agreement to the contrary, as one made with the person purporting to act for the company or as agent for it, and he is personally liable on the contract accordingly.

Where, in the course of winding up a company, it appears that the company has been run with an intent to defraud the creditors (known as fraudulent trading), the court may lift the veil and impose personal liability on any persons who were knowing parties to such conduct (Insolvency Act 1986, s 213) (discussed at p 167, ‘Fraudulent trading’). • Where a company has gone into insolvent liquidation, the directors may be personally liable if they continued trading when they knew, or ought to have known, that there was no reasonable prospect of the company avoiding liquidation (known as wrongful trading) (Insolvency Act 1986, s 214) (discussed at p 167, ‘Wrongful trading’).

The sale of the lease was voidable. Disclosure is only valid if made to an independent body of persons, and this was not the case here.  Upon incorporation of the company the following day, the company purported to adopt the lease.  The adoption was therefore invalid.  21) Key debates Topic Promotion of the company Author/Academic Joseph H Gross Viewpoint Discusses the courts’ approach in determining whether or not a person is a promoter. ’ (1970) 86 LQR 493. Topic Pre­incorporation contracts Author/Academic Joseph Savirimuthu Viewpoint Discusses the theories behind the common law and statutory rules relating to pre­ incorporation contracts, and provides several possible suggestions for reform.

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