Taiya And Simone

In order to prove the breach of section 184, the following rules and duties must have been violated. A director commits an offence if they are reckless or intentionally dishonest, and fail to exercise their powers and discharge their duties in good faith in the best interests of the corporation or for a proper purpose .As mentioned earlier Mr Palmer was reckless in decision making by waving loans and using the company assets for private benefits and the company suffered had to go in voluntary administration. The second offence that needs to the violation of section 184 is that when a director commits an offence if they use their position with intentional dishonesty or recklessly in order to directly or indirectly gain an advantage for themselves, or someone else, or cause detriment to the corporation. Mr Palmer acted as a shadow director and his nephew agreed with all the decisions the corporation made such as political donations and transferring funds to another firms owned by Mr Palmer that caused detriment to Queensland Nickel. The third offence is a person who obtains information because they are, or have been, a director of a corporation commits an offence if they use the information with intentional dishonesty or recklessly. As

A person feels cultural conflict when they experience something different that doesn’t fit their cultural identity. In the news article by Hannah Allam and Javaria Khan, they discuss the conflict produced when radical muslims carry out a terrorists attack, it makes others believe all muslims are radicalists. The muslims that aren’t radicalist are embarrassed of their religion and scared to wear their headscarves. The muslims are also often victims of hate crimes because they are presumed to be terrorists, “some people around the world expressed hatred toward Muslims, frightening Muslims in the United States.” Non radicalist are upset with “militants who distort mainstream Islamic teachings to justify heinous acts.” In the essay, “By Any Other

(1) Grantor creates a trust with income to Spouse for life, remainder to Child if living and, if not, reversion to Grantor or Grantor’s estate.

With all the chaos going on inside the Walter's house Cole and Jackie will end up finding tons of time to be alone and start to like each other. Jackie is trying to deny the fact that she has feelings for Cole. Her friends think otherwise. Many times you will find Cole alone with Jackie in her room. Cole is also known for not to committing to a girl and just dating more than one girl at once so having Jackie might change Cole to have his first relationship that he commits too.

As is required by Daniels, the directors should be familiar with the current unsatisfactory financial status and entering into such transaction could deteriorate the company’s status even further. Under s180, a reasonable director wouldn’t lend a low-rate unsecured loan to a non-related business. Overall, the directors have breached the duty of care for Winanga. They may also owe fiduciary duties to James and Diana if they are in a position of particular advantage.

The Chi-fa trio, is an up and coming ensemble that formed at the University of Iowa String Quartet Residency Program under the guidance of Elizabeth Oakes. Their mission is to bring the trio literature to wide audiences across Iowa and beyond. Comprised of violinist and conductor HoYin Kwok and sisters Varinia and Zoraida Oyola Rebaza (viola, cello) they have performed for eminent artists such as Joel Krosnick (Juilliard Quartet) Ying, Lark and JACK quartets and Mark Steinberg (Brentano Quartet).

The account was opened 06/22/2010 and is a U.S. based trust that was established in California, 06/02/2010. An alert was regenerated when the annual PEP refresh was completed on the trustees Shyan-kai Chuang and Winnie Chuang on 11/30/2015. Shyan-kai Chuang was identified as a High-Risk PEP and is a dual U.S. and Taiwan citizen and former Taiwanese ambassador to Malawi. Winnie Ku has been scored as High Risk, due to the spousal relationship but is also a dual citizen and resident of California. Both Trustees were existing Schwab clients since 1998. Mr. Cheung accumulated his wealth from Salary from 30 years as an Ambassador of Taiwan, retirement and pension income from former employers in Taiwan.

The Myer Holding Limited is wholly owned all of the Australian controlled subsidiaries. Within the whole owned subsidiaries, for those entities that along to a deed of cross guarantee or called as ‘closed group’ have to follow the Class Order 98/1418 issued by ASIC (the Australian Securities and Investments Commission), which requiring to prepare financial statements and director

This contact is not binding on the Oxy Corporation because the contract was not approved with the consent of the minority stockholder. Based on these terms and agreements Wick should have not took an active part as a board member in the vote for his company to obtain the construction contract for the Oxy Corporation because of conflict of interest with his own company. The contract was approved on a three-to-two vote with Wick voting with the majority and Wick did inform two of the other directors of his interest in the construction company. As a board member, his responsibility should be to exercise the power for a proper purpose and not look to divert an investment opportunity to his own company. Thus, his actions along with the non-minority

Though Bob and Ann are going to provide lump sum gifts of $1,000,000 to each of their children and grandchildren, it would behoove them to reconsider and plan a more effective solution than the gifts being taxed immediately at disbursement if they choose to sell the investment gifts. Presuming that the common stocks are paying out regular dividends the beneficiaries would find more value in receiving their inheritance in stages and retaining the stock to avoid possible capital gains tax. Therefore, individual trusts for each may

The following is a case study of Blackwell v Blackwell, that is connected to the principle of Secret Trusts and particularly Half Secret Trusts. In order for the principle to be understood, it is significant to expatiate on what secret trusts are and the several laws revolving around them. In general terms, a secret trust arises where a testator, A, tells B that he is leaving property to B on his death, and that he wishes B to hold it on trust for C, even though no trust for C has been set out in any formal will executed by A. If B agrees, when the property passes to B on A's death, the court will enforce the secret trust despite its informality and require B to hold the property for C. In secret trusts, two different types are recognised by the courts, one where the trustee and the terms of the trust are not mentioned in the will, this is a fully secret trust while a half secret trust is subject to a trust obligation which is apparent on the face of the Will, but the terms of the trust and the identity of the beneficiary are not disclosed. The trustee is not in position to deny the trust and can not fraudulently take the property because he is a trustee for someone. Equity will not allow him take the property beneficially. The major difference between both is the extent in which disclosure is made as to the recipient of the gift intends to take the property as a trustee rather than for himself. Secret Trusts can also arise where there is no will, it may be in a case of

In contrast, the NZSC in Chrinside v Fay [2006] unanimously held the parties in a joint venture owed each other fiduciary duties. A joint venture with a view of sharing the profit is inherently fiduciary per Elias CJ. Further, when a joint venture had sufficiently advanced beyond mere discussion of possibilities to making plan, costing and implementing, it does amount to a relationship of fiduciary per Gault J. Moreover, most joint venture relationships can properly be regarded as being inherently fiduciary because of the analogy with partnerships per Tipping and Blanchard JJ. The key point is whether the relationship entitled one party to repose trust and confidence in the other party.

When two people meet get married, all they want is success from it. Shakespeare’s play Twelfth Night shows us two different relations: Olivia-Orsino and Viola-Orsion. Both relations aren’t perfect, there are many lies, secrets and hidden feelings in both, but Shakespeare shows his audience what is needed for a marriage to be successful and last forever. By looking at the play, if Orsion were to get married to Viola or Olivia, his marriage with Viola would most likely succeed than with Olivia because even though Viola and Orsion keep secrets and deceit, they still trust each other, have a unique friendship and love one another.

The evolutionistic theory refers to the biological concept of progress and development. The theory states that organisms were meant to increase in complexity, and later on included cultural and social evolution by comparing primitive tribal groups to modern society, and studying how certain aspects in the tribal groups were repeated all over the continent. Edward B. Tylor and Lewis H. Morgan brought the term "evolution" to anthropology, which makes them crucial to the growth and improvement of anthropology.

John faced some ethical issues from the start of the case. He was asked to leave Marell and Pew and join Buss Steins (BS) brokerage firm. He was worried about the non-compete form that he had signed and thought that he could not leave the company but he was advised by the other brokers that it was a common practice and he could leave if he wanted. He did eventually join Buss Steins (BS) as a broker but this was an ethical dilemma that he faced. When John worked at Marell and Pew he learnt some tricks from his supervisor which were not illegal but can be considered shady to the least. John was fully indulged in these tricks of the trade but these tricks can also be a part of his ethical issues because he was