Although human wants are there to satisfy man with lives requirements, it is not always possible to have them this is because; They are too many and new ones keep cropping up. Resources to satisfy them are never enough (limited). Read More …
Category: Company law revision
CHARACTERISICS OF BASIC WANTS
One can’t do without them. They are felt needs Can’t be postponed They are satisfied before secondary wants.
CHARACTERISTICS OF HUMAN WANTS.
They are many, numerous and unlimited. They continually change with time and other factors. Some are repetitive e.g.supper, lunch etc. Wants are competitive Wants are complementary-Used together e.g. shoe polish and a shoe. Wants are habitual that they always occure.g.toothpaste, Read More …
HUMAN WANTS
This are basic needs that human beings need to function normally this include; food, shelter, clothing and air. Things like radio, education, watches, and vehicles are not very basic. They are meant to have an individual have a happy and Read More …
INTRODUCTION TO COMMERCE
Commerce is a social science associated to trade and aids to trade, involvingdistribution and exchanges. Trade is the exchange of goods (buying and selling) with the aim of making profit. Aids to trade-This are services that facilitate trade e.g. transport, Read More …
Sidebottom Ltd is a private limited company that intends alters its article of association. Explain to the directors of the company, five conditions which the company must comply with when exercising its powers to alter the articles of association.
Procedure to be followed to convert an unlimited company into a limited company Under the companies Act, an unlimited company may be converted into a limited company This requires a special resolution of members in a general meeting In this Read More …
Upendo Company was registered five years ago as an unlimited company. Its main object was to offer humanitarian services to the less privileged members of the society. The company has since grown into a large undertaking. The members wish to convert the company into a limited company and seek your legal advise Advice the members on the following; i. The procedure to be followed in converting the company from an unlimited company to a limited company. ii. The legal effect of such a conversion on the right and liabilities of the members.
Circumstances under which a company shall be deemed a subsidiary of another company Where the composition of its board of directors is controlled the other company. Where the other company holds more than a half in nominal value of Read More …
Distinguish between companies and partnerships as forms of business associations.
Differences between companies and partnerships are;- Legal status; a company has legal personality from that of the members. A partnership being a relationship is not a person in the eyes of the law & is merely made up to a Read More …
Outline two liabilities of a local representative appointed a foreign company.
Liability of a local representative A local representative is answerable for doing all acts, matters and things that the company is required or under the Companies Act. A local representative is personally liable to a penalty imposed on the Read More …
Explain three matters that a foreign company’s certificate of registration must comply with
A certificate of registration must contain the following: The name of the company and its unique identifying number and the fact that the company is registered as a foreign company. The date of its registration as a foreign company and Read More …