B.A BUSINESS STUDIES BUS361 BUSINESS LAW

 When does legal personality begin for humans?  When does legal personality end for humans?  Mental incapacity  Wills and inheritance

 Corporations – companies, schools and councils  Corporation sole  Corporation aggregate

 Crown, bishops, vicars  Any office that continues to exist even though each individual only holds it for a limited time

 Royal Charter  Statute  Registration  Partnership v Corporation  Limitation of Liability  Acting in the name of the company

 Definitions  Commencement of business  Capital  Continuity  Publicity and external control of udnertaking  Taxation

 Definition  Commencement of business  Capital  Continuity  Publicity and external control of udnertaking  Taxation

 Limited Companies  Unlimited Companies  Public and Private Companies

 Company’s name  Registered Office  Objects  Limitation of Liability  Capital

 Share Capital  Shares and Certificates  Joint holders of shares  Calls on shares  Transfer of shares  Transmission of shares  Forfeiture of shares and lien  Alteration of share capital  Borrowing powers  General Meeting  Powers

 Definition  Nature

 Ending of the period for which the partnership was to exist  Achievement of the purpose for which the partnership was formed  Notice  Death of a partner  Bankruptcy of a partner  Illegality  Charge

i. Partner’s mental incapability ii. Partner’s physical incapacity iii. Conduct prejudicial to the business iv. Wilful or persistent breach of the agreement or conduct affecting the relationship v. The business can only be carried on at loss vi. The just and equitable ground

 Authority of partners during winding up  Profits after dissolution  Realization and distribution of the assets

 The Limited Partnership Act 1907  No more than 20 members  One general partner whose liability is unlimited

Thank you for your attention!