Mexican Corporate Law: Key Concepts and Regulations
Key Concepts in Mexican Corporate Law
General Corporate Law Principles
- The General Law of Corporations was published during the government of Porfirio Diaz. (False)
- A jointly and severally liable party can be charged the full amount of credit. (False)
- The partner company furnishes to one or more credits, be responsible for the existence and legitimacy of them but not the solvency of the debtor at the time of the contribution to society because that is for you. (False)
- In the distribution of gains or
Commercial Contracts: Agency, Franchise, and Patent Agreements
Contract Agency
A contract agency is where a natural or legal person, called the agent, undertakes against another, called the employer or principal, on a continuous basis for remuneration to promote trade acts or transactions. The agent acts as an independent broker without assuming the risk, unless otherwise agreed in the contract.
Features of a Contract Agency
- Consensual, bilateral, commercial contract.
- The agent is autonomous and independent, being free in the organization of their work and professional
Understanding Crimes Against Persons: Legal Consequences
Crimes Against Persons
1 – Murder
The crime of murder is to take the life of a person with will or intention. It may also be the result of gross negligence (e.g., an outrage, medical malpractice, etc.).
The Penalty
The crime of murder is punishable by imprisonment for 10 to 15 years.
If the crime is committed by negligence (by an oversight, and without intending to do so), the penalty of imprisonment shall be from 1 to 4 years. Whether that negligence was committed using a motor vehicle, moped, or a
Read MoreUnderstanding Labor Law: Rights, Regulations, and Hierarchy
Right: The Set of Legal Rules
Right: The set of legal rules. In complement, it entails a penalty.
The Public Authorities
The public authorities: The creation, implementation, and monitoring of legislation relate to the public authorities.
- Legislative: The Congress of Deputies and the Senate legislative assemblies are responsible for drafting and approving laws.
- Executive: Applying the laws enacted by the legislative power is the responsibility of government ministries and bodies of the autonomous communities.
Employment Contracts: Types, Requirements, and Duration
What is an Employment Contract?
It is the agreement between two persons whereby one of them, the worker, agrees to provide certain services under the direction of the other, the employer, receiving guaranteed remuneration in return.
People Involved in the Employment Contract
- The worker: This is the natural person building on the work.
- The employer: This is the individual, community, or property receiving services in return for surrendering a salary.
Limits to Recruitment and Work
- The worker:
- After 18 years
Contract Law and Employment Relations: Key Concepts
Chapter 10: Contract Formation and Types
Bilateral Contracts: Both parties make an agreement, forming a mutual obligation. Unilateral Contracts: Only one party makes a promise, and the other accepts by performing; for example, offering a reward for a lost dog, paid only upon its return. Executory Contracts: Obligations need to be fulfilled. Executed Contracts: Both parties have completed their obligations. Valid Contracts: Meet all legal requirements and are enforceable in court. Unenforceable Contracts:
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