Partnerships vs. Capitalist Companies: Key Differences
Companies: Personnel and Capital
The basic models of corporate organization are the personal model and the capitalist model. It should be noted that theoretical models are not usually found in pure form in almost any social form.
Characteristics of Partnerships
From the standpoint of equity, partnerships are characterized by:
- A direct relationship between social equity and partners.
- Responsibility of the members for their debts.
From the organizational standpoint, partnerships are characterized by:
- The
Key Concepts in US Law and Jurisprudence
Definitions
- Administrative Law: The collection of rules and decisions made by administrative agencies to fill in particular details missing from constitutions and statutes.
- Business Law: The enforceable rules of conduct that govern the actions of buyers and sellers in market exchanges.
- Case Law: The collection of legal interpretations made by judges. They are considered to be law unless otherwise revoked by a statutory law. Also known as common law.
- Precedent: A tool used by judges to make rulings on
US Constitution: Key Questions and Answers
Key Questions on the US Constitution
This document provides answers to key questions about the US Constitution.
1. Why did the state constitution limit the power of the governors?
A: Because people did not want to repeat the problems that had caused the revolution.
2. What were the 2 powers that were denied to Congress under the Articles of Confederation?
A: Tax & regulate trade.
3. Briefly describe the Northwest Ordinance of 1787?
A: It provided a system for a territory to become a state.
4. Which
Read MoreUnderstanding Labor Law and Employment Contracts in Spain
Evolution of Labor Law in Spain
In 1980, Spain enacted the Workers’ Statute, which contains the basic regulations for labor relations. In 1995, the revised text of the Workers’ Statute Law (TRLET) was adopted, incorporating amendments to the law.
Divisions of Law
Labor law is divided into public and private law aspects.
Labor and Employment Law
This area covers voluntary work, whether for employees, dependence, or remuneration.
Sources of Labor Law
Internal Sources:
- Laws and Regulations of the Statute:
- Organic
Spanish Crown Succession: Rules and Regency
Article 57.1 of the Spanish Constitution (CE) states that the Crown of Spain is inherited by the successors of HM Juan Carlos I de Borbón, the legitimate heir of the historic dynasty. Upon the death of the King, the heir automatically assumes the Crown, regardless of age. The CE addresses the scenarios of a minor King (Article 59) and a disabled King (due to illness, age, etc.). In such cases, the King retains the title, but a Regent performs their functions.
Succession Event
The succession event
Read MoreSpecific Performance of Contracts: Who Can Sue
Persons Entitled to Sue for Specific Performance
Introduction
Specific performance is the actual execution of a contract according to its stipulated terms. It is enforced under the equitable jurisdiction vested in a court of law. The Specific Relief Act provides details on those persons who are entitled to sue for specific performance of contracts.
Relevant Provisions
Section 23 of the Specific Relief Act.
Persons Entitled to Obtain Specific Performance
The following persons are entitled to obtain specific
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