Course Paper
Myagmarsuren Jargal
International American University
BUS 540: Business Law for Managers
Flavia LLoyd
June 28, 2015
Business Law Development Issues in Mongolia Mongolia is a developing country, which is encountering challenges to develop modern business law. During the twentieth century, Mongolia had been a socialist country and developed almost fifty years of non-private property regime. However, the end of the twentieth century, the country changed its regime to democratic and resulted mass privatization of its state property. The government of the country distributed an interest of the state property to its people and made more than half of Mongolian population as shareholder. However, many of policy makers, lawyers, business people and general public encountered considerable lack of understanding about a business law. Thus, it was necessary to start and develop business related law in all fields. Nevertheless, due to lack of experts who understand modern law on businesses, Mongolia has faced significant challenges to build its business law and still been in a process of business initial stage of business law development. For Mongolia, it has been strenuous process in transition from centrally planned economy to market economy and developing various aspects of business law including corporate and securities law. In the middle of twentieth century, Mongolia was considered a close ally to communist USSR. However, when the communist system
Mary McDonald, an 86-year-old woman, was frequently complaining about the high cost of maintenance of her house and high property taxes. She decided to cancel her fire insurance to reduce expenses. Mary’s daughter was aware of her mother’s concern about the property, and she took Mary to the lawyer’s office to sign some papers that would protect her mother. When Mary came to the lawyer’s office, she was advised that the paper she was going to sign was the deed to the property. Mary signed a document. Later on, when the municipal tax bill arrived, Mary McDonald was really surprised to see that the property was in her daughter’s name.
The Mongol empire was one the greatest empires of all time expanding all over Central Asia. Bordering Chinese states, the Khwarazmian empire, present day Afghanistan, Siberia, Iran, and many more, at its height the mongol empire was over 20,000,000 square kilometers. This was all possible due to extraordinary men in Central Asia, ruled by Genghis khan emperor of the Mongol empire. These Asian nomads along with their fearless and intelligent leader, flourished against numerous odds impacting all those whom they waged war against. A recipient of this ‘impact’ in particular was Russia. It was around 1219 when the Mongols first entered the Kievan Russia marking the beginning of the interactions of the two. With the Mongols rise in establishing one of the largest contiguous empire in history and having Russia only distances away the collision of the two were inevitable. As history shows this collision did happen in the year 1236 which marked the beginning of great impact that the Mongols would have on the Russian empire culturally, politically, and economically.
10. Dan hires Eve to perform at Dan 's Club, but Eve later breaches the agreement to accept a higher-paying job at First Star Arena. Dan files a suit gainst Eve. The court will most likley: award damages to Dan.
40. Principle of Law: In this case, Esposito hired Excel Construction Company to repair a porch roof. All terms of the agreement were specified in a written contract. And the dispute occurred when Excel had repaired the rear porch roof because in the agreement failed to specify whether it was the front or rear porch that needed repair. Under civil law, two parties here had signed a civil contract in writing. Because the contract failed to specify clearly front or rear porch roof, Excel completed its obligation and didn’t break the contract.
With the invasion of the Mongols, they interrupted many great post classical civilizations but at the same time, they also renewed and extended the global network. The Mongols were the mightiest war machine around during the time period of 600-1450 C.E. and they greatly affected China and Russia both politically and economically. Politically, religions were tolerated and there was centralized power in both regions. However, the Mongols allowed Russia to govern themselves with the help of Russian princes whereas China was under direct Mongol rule. Russia and China remained similar economically because both populations were taxed by the Mongols and safe travel on the Silk Road encouraged international trade. On the other hand, due to
During the nineteenth and twentieth centuries, China’s position quickly dwindled from being the dominant power in the East to struggling against encroaching Western powers that desired its territories, one of its main opponents being Russia. After the 1917 Russian Revolution, the newly established Bolshevik regime offered to return various territories seized by the Tsarist empire to China, but they failed to deliver on their promises when they seized Outer Mongolia and $2 billion in machinery soon after. This instance, among many others, contributed to hostile Sino-Soviet relations during the twentieth century.
Mercedes Connolly and her husband purchased airline tickets and a tour package for a tour to South Africa from Judy Samuelson, a travel agent doing business as International Tours of Manhattan. Samuelson sold tickets for a variety of airline companies and tour operators, including African Adventurers, which was the tour operator for the Connollys’ tour. Mercedes and injured her left ankle and foot. She sued Samuelson for damages. Is Samuelson liable?
A dealer sold a new car to Raymond Smith. The sales contract contained language expressly disclaiming liability for personal injuries caused as a result of defects in the car and limiting the remedy for breach of warranty to repair or replacement of the defective part. One month after purchasing the auto, Smith was seriously injured when the car veered off the road and into a ditch as a result of a defect in the steering mechanism of the car.
There is a literal conflict between the state and the federal measures, so that it is impossible to follow both simultaneously.
1. Identify the ethical, strategic, operational, and financial issues in this scenario and list them in priority order from most to least critical.
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In both developed and underdeveloped economies, there is a need to put regulations which ensure that profits are not abnormally earned at the expense of the innocent clients. It is therefore the mandate of the territorial authorities to put in place measures that introduce checks and balances in all trades. The respective companies or business must also follow the same suit lest they find themselves in the crossroads of law. However,
During this 21st century, we find that almost every nation has companies set up and these institutions play a major role in the nation’s economy. We can find that new companies are being incorporated almost in a daily basis under the Companies Commission of Malaysia, in accordance with Companies Act 1965(The Act). However, we realised that the concept of separate legal entity derived its mere foundation from Salamon v. Salamon & Co Ltd which dates back to several centuries.
Mrs. Turner has decided to start her own business running a private day nursery. It is
The history of Sino-Soviet relations can be traced back hundreds of years, starting with the initial Mongol invasion and devastation of the Kievan Rus’ principalities in the mid-thirteenth century. With time, the rise of the Russian Empire and Czarist rule reversed the infrastructural and cultural destruction caused by the Mongol hordes; by the advent of the twentieth century, the reformed Russian state had begun encroaching on Chinese territory while holding a very strong, influential grasp on the slowly collapsing Imperial Chinese regime. However, with the success of the Russian Revolution in 1917, the creation of the Soviet Union, and the institution of a communist government and administration, the nature of