1 / 12

CHAPTER 12 CORPORATION LAW 22 May 2006

CHAPTER 12 CORPORATION LAW 22 May 2006. Contents. Listening Practice Words and Expressions Discussion. 4. Listening Practice. Partnership Partnership is an association of two or more persons to carry on a business for profit. Each partner is viewed as others’ agent.

krysta
Download Presentation

CHAPTER 12 CORPORATION LAW 22 May 2006

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CHAPTER 12 CORPORATION LAW22 May 2006

  2. Contents • Listening Practice • Words and Expressions • Discussion 4

  3. Listening Practice • Partnership • Partnership is an association of two or more persons to carry on a business for profit. • Each partner is viewed as others’ agent. • Every partner may take part in the management in partnership’s business. • Company law • A company director owns fiduciaryduty(诚信责任) to the company • A company is regarded by the law as a person, an artificial person • An enterprise as an legal person shall conduct operations within the arrangement approved and registered. • He is a director appointed under the article of the company.

  4. Discussion—Setting up a business in the US • The selection of the appropriate type of enterprise is complex , several factor should be weighing: • The number of people who own the business or share in its profits or losses • Cost of setting up business • Capital-raise • Desire of the owners to limit their risk • Tax-levy Comparison among 3 forms of business

  5. Which business form will you advise to the Chinese businessman?

  6. Commercial law of the US Banking Bankruptcy Negotiable instruments Consumer Credit Real estate transaction Commercial law Contract Mortgages Debtor-Creditor Landlord- Tenant Sales Refer to http://www.law.cornell.edu/wex/index.php/Commercial_law

  7. CHAPTER 13 COMMERCIAL LAW Background knowledge Words and expression of text

  8. Commercial law of the US • Banking law • Banks and bank accounts • regulated by state and federal statutory law. • Bankruptcy law • Bankruptcy law allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. • Bankruptcy law is federal statutory law • Law of Consumer credit • Credit allows consumers/merchants/bank to finance transactions(credit card account) • Includes federal and state statutory laws.

  9. Debtor - creditorlaw It governs situations where one party is unable to pay a monetary debt to another. Arises mainly from state statutory and common law Landlord-tenant law It governs the rental of commercial and residential property. Be composed primarily of state statutory and common law. Mortgages law A mortgage involves the transfer of an interest in land as security for a loan or other obligation. Be mainly governed by state statutory and common law. Commercial law of the US

  10. Law of Negotiable instruments A negotiable instrument is an unconditioned writing that promises the payment of a fixed amount of money. Mainly state statutory law. Eg. Drafts and Check. Law of Real estate transactions Federal statutes, state statutory and common law. Law of Sales Transactions for the sale of goods is governed mainly by sales laws of each state. Commercial law of the US

  11. Words and Expressions • Probate 遗嘱认证 • Sales 买卖 • Commercial paper 商业票据 • Bank deposits and collections 银行押金与托收 • Letter of credit 信用证 • Bulk transfer 大量财产转让 • Document of title 产权证书

  12. Words and Expressions • Secured transactions 有担保的交易 • Repealer 废止议案 • Bill of lading提单; Air waybill空运提单 • Warehouse receipt 仓储单据 • Factor lien代理商留置权 • Law merchant 商人法、商法 • Force and effect 法律效力

More Related