Question: QUESTION TWO Just as a natural human being, even though he is in possession of his birth certificate, cannot enter into contracts unless he is

QUESTION TWO Just as a natural human being, even though he is in possession of his birth certificate, cannot enter into contracts unless he is of full capacity, so too a company, despite its certificate of incorporation, cannot commence business unless it has fulfilled certain prior conditions. Discuss the conditions, if any, a company must meet before it commences business? (20 MARKS)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Just as a natural human being, even though he is in possession of his birth certificate, cannot enter into contracts unless he is of full capacity, so too a company, despite its certificate of...

file:///C:/Users/Alissar/Downloads/Charles%20Shcwab%20in%202017%20.pdf Based on this Case study ( Charles Schwab in 2017) Is Charles Schwab a disruptive innovator? explain why you agree of disagree...

For the exclusive use of T. ZALAN, 2018. CASE: SM-282 DATE: 11/01/17 CHARLES SCHWAB CORP. IN 2017 The first time that Walt Bettinger met Chuck Schwab, he had no idea that one day he'd take the helm...

Prepare 2013 gift tax returns (Form 709) for both of the Polks. A 2513 election to split gifts is made. The Polks have made no taxable gifts in prior years. Relevant Social Security numbers are...

Alternative Dispute Resolution The Search for Alternatives to Litigation Legislatures have tried to find alternatives to costly litigation. These alternatives are called \"alternative dispute...

All questions are to be answered in a short essay form. Structure your answers around the factual basis. 1. Landlord-tenant relationship is a peculiar one. Please discuss legal aspects of this...

Last Updated: July 18, 2016 American Mock Trial Association MIDLANDS RULES OF EVIDENCE Article I. Rule 101. Scope; Definitions (a) Scope. These rules apply to proceedings in the courts of the State...

Vendor and Purchaser 2 Tutorial Questions Tutorial 2 Modules 2 Module 2: Inquiries and Affectations Question 1 At what stage must a proposal reach before it can be said to have come into existence?...

What is the role of Plato's view of property and its role in corruption? What is the solution to this problem that results in corruption? What does Plato think will happen to the family with the...

Side Agreements Business Law Individual Assignment I. Introduction The Commercial Companies Law of the United Arab Emirates (Federal Law No. 8 of 1984, as amended) provides for seven types of...

Assume a $500,000 standard ARM with a 30 year term and a 5% payment cap (the payment cannot increase by more than 5% over prior year) and negative amortization. The initial rate of 3.5% resulted in a...

For the last ten years the Universal Company has produced an average of 100 units per hour, 20 percent of which are defective, yielding 80 good units per hour The board of directors now demands that...

Which ratio measures a company s ability to meet its short - term obligations without selling inventory? a ) Current ratio b ) Quick ratio c ) Debt - to - equity ratio d ) Return on equity

In Paragraph Form! 1: Does your personal comfort zone favor involvement in shallow, deep, or mixed change? Explain your thoughts with a real-life example. 2: Does your organization use social media...

2. Give six examples that silence (not saying anything) or not responding can be very informative to the other party.

1. Discuss the following statements: a) The smaller the unit of measurement used to measure a coastline, the longer the coastline becomes. b) The interpretation is different from what is interpreted....

1. What information of vital importance is not expressed in the message? The answer to the question tells us a little about the code used between the parties.