Proprietary Ltd Essay

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    It is a figure of speech, which cannot alter the legal aspect of the facts.” Quoted with approval by Kitto J in Hobart Bridge Company Ltd v Federal Commissioner of Taxation (1951) 82 CLR 372, 385. 5 Latham CJ, in The King v Portus; ex parte Federated Clerks Union of Australia (1949) 79 CLR 42, in the course of deciding that the employees of a company owned by the Federal Government were

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    Proprietary Estoppel

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    “In Thorner –v- Major, the House of Lords confirmed that a claimant seeking to establish a proprietary estoppel must prove three things: (1) that the defendant’s assurances or conduct in relation to identified property were sufficiently clear and unambiguous in all the circumstances, (2) to lead the claimant reasonably to rely on those assurances or conduct; (3) by acting significantly to his detriment, so that it would be unconscionable for the defendant to deny him any remedy.” (Per Hayton

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    contract, ‘a binding agreement to sell and transfer land in return for the payment of an agreed price’ , between Stephanie and Wangle for Sunderlandland. In relation to this, the final question being whether Stephanie was able to use the defence of proprietary estoppel, which revolves around the idea that ‘if a verbal promise is made to someone who

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    PROFITABILITY ANALYSIS Profitability indicates a company’s efficiency to manage the resources and generate profit from them for its shareholders. The present study analyses five profitability ratios viz., operating profit margin, net profit margin, return on net worth ratio, EPS and DPS. Return on net worth ratio and EPS have been taken after adjustment. The results of ratio analysis of profitability are shown in table: Table: Profitability analysis of the selected companies from the year 2004-2014

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    Promissory estoppel was designed by the obiter dictum provided by Lord Denning in the case of Central London Property Trust Ltd v High Trees Ltd[ Central London Property Trust Ltd v High Trees Ltd [1947] KB]. In this case the principle of promissory estoppel was described elaborately. The application of this doctrine was actually followed by a pervious decision of which Justice Denning relied on. In the case

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    status of a company from a Private to a Public company? Bimbi Fashion Pty Ltd has decided to change company type from a proprietary company to a public company due to wanting to raise funds. Under chapter 6D of the Act, a proprietary company cannot engage in fundraising activities that also require a disclosure to the company’s investors. A public company, however, is able to undertake fundraising activities. Bimbi Fashions Pty Ltd are required to convert to a public company in order to reach their goal

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    Fashion Pty Ltd has decided to change company type from a proprietary company to a public company due to wanting to raise funds. Under chapter 6D of the Act, a proprietary company cannot engage in fundraising activities that also require a disclosure to the company’s investors. A public company, however, is able to undertake fundraising activities. Bimbi Fashions Pty Ltd are required to convert to a public company in order to reach

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    company could have its own right and asset, and also property. Meanwhile, the money and resources of the company could only be used for business purpose. Even the directors can’t use the company’s asset for private uses. (Guides to obligations of proprietary limited companies 2012). According to the case, the four people want to establish a company which specializing in coffee and coffee related accessories. What they invest in company is no longer belong to their own. They can get the company’s

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    Equity: Trust Law

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    thus facilitating their dealings with 3rd parties, but if the beneficiaries of the trust wanted to enforce their rights, equity will provide equitable proprietary interest. The Fusion

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    2009). A definition by Hall (1997) highlights that a contract is an exchange of promises carried through by a process of offer and acceptance with the intention of creating a legally binding deal, in which the English case of L’ Estrange v F Graucob Ltd it has been asserted that when a person signs a contractual documents they are bound by all its terms. In the given case study several issues arise as the conduct of the other party (Mr Walter) is contrary to the signed terms of the contract; non-compliance

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