16/01/2025

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Corporations can be both government-owned or privately owned, and so they can manage both for revenue or as nonprofit organizations. A privately owned, for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and rent its managerial workers. A privately owned, for-profit company could be both privately held by a small group of people, or publicly held, with publicly traded shares listed on a inventory exchange.

  • It can additionally be “any exercise or enterprise entered into for revenue.”
  • The members assure the fee of certain quantities if the company goes into insolvent liquidation,

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Lord Chief Justice Pratt ruled that even though the boy could not be said to own the jewel, he should be considered the rightful keeper (“finders keepers”) until the original owner is found. In fact the apprentice and the boy both had a right of possession in the jewel , but the boy’s possessory interest was considered better, because it could be shown to be first in time. Consideration indicates the fact that all parties to a contract have exchanged something of value.

  • This “great charter” or Magna Carta of 1215 also required that the King’s entourage of judges hold