Analyse the rights and responsibilities of the following parties: Lessee Landlord
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- Analyse the rights and responsibilities of the following parties:
- Lessee
- Landlord
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- ZTC was founded in 1956 by a British national, Mr. Roy Smith, in a British colony then known as Southern Rhodesia (now Zimbabwe). The company’s core business was transporting copper from the mines in Northern Rhodesia (now Zambia) to Southern Rhodesia for onward transmission to overseas markets in Europe. This arrangement worked smoothly until 1965. On 11th November 1965, the white settlers in Southern Rhodesia, who were principally of British origin, unilaterally declared political independence from Britain. Most countries roundly condemned the action by the white settlers because not only were the white settlers a minority but the independence that had been declared was perceived to be for the whites and not the African black majority. To the African majority, the declaration of independence by the white settles was merely a transfer of colonial power from Britain to the local white settlers and was therefore considered by Africans and their sympathisers to be slap in the face of…Please explain this statement According to the ACCFA, the FACOMAs were mandated to;Unify efforts of agricultural production, storage and processing of farm products; enhance the bargaining position of small farmers in relation to landlords, middlemen and other social and economic groups or elements; and establish a producer- controlled marketing system that would enable farmers to enjoy the additional income from the marketing ( including storage and processing) of their productWhat is a boundary dispute, and how can it be resolved under property law?
- Determine the buyer’s and seller’s responsibility in a commercial transaction. Unvergleichbar Gesellschaft AG, based in Bremen, Germany buys raw diamonds from Diamants Stornoway based in Longueuil, QC, under the following terms: Terms of sale: DPU Flughafen Frankfurt am Main, Deutschland, Incoterms 2020: a)In that situation who is obligated to purchase cargo insurance for the cargo?Consider Directors Jack is one of 4 directors of Electric Cars Ltd; the company imports green, environmentally friendly vehicles from a sole supplier Acheron Ltd in the UK. Every year the contract between Electric Cars Ltd and Acheron is renegotiated however this year, Acheron indicate to Jack they want to expand their business in New Zealand and include electric bikes. Jack tells the other directors that Electric Cars is reducing their business in New Zealand but secretly incorporates another company. Jack and his wife are the directors of the new company and it takes 50% of Electric cars business and takes up the opportunity to sell electric bikes as well. Jack resigns from Electric cars. The other directors realise that business is suddenly declining and discover that Jack’s new company is taking their business. With reference to directors 1. Explain to Jack – who is eligible to be a director of a company in New Zealand? a. Would your answer be different…Advances in biological technology have enabled two research companies, Bio Labs, Inc. and Scientific Associates, to develop an insect-resistant corn seed. Neither company is financially strong enough to develop the distribution channels necessary to bring the product to world markets. World Agra Distributors, Inc. has negotiated contracts with both companies for the exclusive right to market their seed. Bio Labs signed an agreement to receive an annual royalty of $1,000,000. In contrast, Scientific Associates chose an agreement that provides for a royalty of $0.50 per pound of seed sold. Both agreements have a 10-year term. During Year 1, World Agra sold approximately 1,600,000 pounds of the Bio Labs, Inc. seed and 2,400,000 pounds of the Scientific Associates seed. Both types of seed were sold for $1.25 per pound. By the end of Year 1, it was apparent that the seed developed by Scientific Associates was superior. Although insect infestation was virtually nonexistent for both types of…
- Miss. Meron claims she has been unfairly dismissed by her employers. She consults a law firm owned by Mr. Fitih , who agrees to take up her case. The law consulting firm, owned by Mr. Fitih advises her that if she wins her case she can expect a compensation of 30,000 birr but if she loses she will receive nothing. The law consultant firm estimates his fee to be 5,000 birr which she will have to pay whether she wins or loses. Under the rules of the relevant court she cannot be asked to pay her employer’s costs. As an alternative the consultant offer her a ‘no win no fee’ deal under which she pays no fee but if she wins her case, the consulting firm will take one-third of the compensation she receives. She can decide against bringing the case, which will incur no cost and result in no compensation. Based on the information given above: Develop a payoff table to Meron’s case Advise Meron what to do: –Using the maximax decision criteria –Using the maximin decision criteria. –Using the…Aurum Fields Ltd (“Aurum”) is a gold mining company. Dr Lilly le Fleur is one of 10 directors of the company. Lilly is a senior professor in the Faculty of Management Studies at the University ofRosebank, in Johannesburg. Lilly consented to be a director on the board of Aurum Fields Ltd in 2019. In January 2020, the directors of Aurum discovered that Lilly had misappropriated an amount of R200 million rand from the company by allowing money due to the company to be paid into her personal account. Q.3.1 Assume for this question that you are Aurum’s attorney and they approach you for advice. Explain the two ways in which Lilly may be removed from the board of directors. Your answer must include the requirements that must be met. Q.3.2 Assume that one of the two meetings referred to in Q.3.1 above made the decision to remove Lilly from the board of directors. Who are the persons, besides a shareholder or a director, that apply to court for Lilly to be declared a delinquent director? List…Aurum Fields Ltd (“Aurum”) is a gold mining company. Dr Lilly le Fleur is one of 10 directors of the company. Lilly is a senior professor in the Faculty of Management Studies at the University ofRosebank, in Johannesburg. Lilly consented to be a director on the board of Aurum Fields Ltd in 2019. In January 2020, the directors of Aurum discovered that Lilly had misappropriated an amount of R200 million rand from the company by allowing money due to the company to be paid into her personal account. Q.3.3 Distinguish between a director that is ineligible and one that is disqualified. In your answer, include names or categories of persons who are ineligible and disqualified. Q.3.4 List any four grounds for an order of delinquency.
- On the 14 August, 2017 “The Bank of Ghana approved a Purchase and Assumption transactionwith GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and CapitalBank Ltd to GCB Bank Ltd. The Bank of Ghana has revoked the Licences of UT Bank Ltd andCapital Bank Ltd. This action has become necessary due to severe impairment of their capital.”Critically examine the following:1. The business model of the then UT Bank Ltd and Capital Bank Ltd.2. The role of corporate governance in the eventual collapsed of these two banks.3. The effect of the GCB take over on all the stakeholders of GCB and the two collapsedPepperton Farms enters into an agreement with Saltsburg Farms to provide their farm products to separate marketplaces to maximize each company's sales. Per their agreement, Pepperton will sell only to restaurants and grocery stores east of the Mississippi River, and Saltsburg will sell only to restaurants and grocery stores west of the Mississippi River. Pepperton and Saltsburg immediately increase their prices because there is now little competition for their sales in these restricted markets. Corner Grocery sues both Pepperton Farms and Saltsburg Farms, alleging that they have violated § 1 of the Sherman Act. To be successful, Corner Grocery must prove that Pepperton and Saltsburg: X made an illegal agreement that either caused or was a substantial factor in causing injury to Corner Grocery, and the unlawful actions of Pepperton and Saltsburg affected business activities of Corner Grocery that were protected by the antitrust laws. caused Corner Grocery financial harm. made an illegal…Outline and describe obligations of a vatable person in developing countries.