1、 Civil law is the codified law which is made by legislature to regulate specific relationships;1. Roman law2. Made law3.Code and statutedefinition of partnershipDefined as a Profit-making economic organization which is Established of a partnership agreement, Make a Joint capital contributions, condu
2、ct business jointly,Share incomes and risks and bear unlimited joint and several liabilities for debts of the partnership enterprise.特点:Profit-making economic organization;Establishment of a partnership agreement;Joint capital contribution;Sharing of incomes and risks;Bearing of unlimited joint and
3、several liabilities for debtsCreation of a partnership:an association of two of more personscarrying on a business co-ownershipfor profitintent(目的)partnership by estoppelLimited liability partnership有限责任合伙的责任承担: In a limited liability partnership, some partners have limited liability,some partners h
4、ave unlimited liability.General partnership普通合伙的责任承担:Bearing of unlimited joint and several liabilities for debts.出资方式:Capital contribution:in cash; tangible goods; land or land use rights; intellectual property; or other proprietary rights; or in the form of labor service if it is agreed by all of
5、the partners;partners rights and duties:A partner has the right of compensation(补偿) from the partnership(The amount of compensation is decided by how the partners agreed in the partnership agreement)A partner has the right of sharing profit from the partnershipPartners owe a duty to devote full time
6、 and best efforts to the affairs of the partnership;Self-interest is prohibited;Secret profits in dealing with the partnership is prohibited;Partners owes a duty to disclose all information and facts from a third party to other partners;Concealment of information and facts is prohibited;That partner
7、s work hand in glove with (in collusion with) others for selfish purpose is prohibited;Partners have a duty to account for any expenditures they make of the partnership funds;Partners have the duty to be joined as plaintiffs or defendants in legal suits合伙企业的管理:co-managementDissolution of the partner
8、ship means that the economic organization ceases to be associated as an entity to carry on a business;1.Non-wrongful dissolution2.Wrongful dissolution3.The death or bankruptcy of any partner automatically dissolves the partnership;4.A court order or decree dissolves a partnership;Winding up:liquidat
9、ion of the assets of the business of the partnership after dissolution happens;Continuation of the partnership by the remaining partners;Completion of work by the partnership before dissolution;Sharing of profits, bearing of debts, returning of assets;Definition of corporation:A corporation is a for
10、m of an economic organization in which the shareholders make investment, elect management and take limited liability for the debts of the corporation.特征:1.Independent legal status;2.Creation must be permitted by government;3.Management is accomplished through the election of the shareholders;4.The s
11、hareholders take limited liability;5.The ownership interest of the corporation is freely transferable;6.Double taxation;legal status:A corporation is a legal person and a legal entity independent of its owners (shareholders) and its managers (officers and the board of directors). Its life is unaffec
12、ted by the retirement or death of its shareholders, officers, and directors.“Piercing the corporation veil” theory Means to prevent the companys independent personality abuse and protect the interests of the creditors and social public interests, the specific legal relationship of specific facts, de
13、nied that the company and its shareholders behind the independent personality and limited liability of shareholders, shall be ordered to the shareholder of the company (including natural person shareholders and legal person shareholders) to the company creditors or directly responsible for public in
14、terests, to achieve fairness and justice of the requirements and set up a kind of legal action.滥用权力的表现1.Separate legal personality is capable of abuse by shareholders to evade legal obligations;2.Domination of the corporation by shareholders;3.Looting of corporation assets;Management of corporations
15、:Management agencies;Board of directors;officers of the corporation; board of supervisors;Management of a corporation is elected by the shareholders;Termination of corporation:Voluntary termination:Maturity of pre-agreed period; Completion of pre-agreed project;Agreement of the shareholders to termi
16、nate Involuntary termination:Wrongful trading;Unable to pay its debts; Business of the corporation is not commenced within;Tax evasion;Court resolution;Shareholders rights :shareholders meetingshareholders election of directorsfundamental corporate changesshareholders inspection and information righ
17、tsdistribution to shareholdersShareholders lawsuitShareholders liabilities: Shareholders should be liable for short distribution and illegal distributionIf the shareholders abuse the corporate personality to evade legal obligations, they are liable for the debts of the corporationAn agency is define
18、d as a fiduciary relationship that results when one person,the principal,consents that another person,the agent, shall act on behalf of the principal.Ostensible agency表见代理:in some situations,an agents powers are expanded neither by agreement with the principal nor by custom or emergency. Under the d
19、octrine of apparent authority of ostensible authority, authority may be created or expanded when the principal causes third parties to reasonably believe the agent has authority. Express authority明示授权employment contract; resolution of the board of directors; advisory memorandum; power of attorney;Im
20、plied authority默示授权on the basis of express authority; in the customary fashion; emergencies; apparent authority and estoppel;secret limitations;Ratification追认:an agent exceeds the limited authority granted; a non-agent purported to act as agent;Unauthorized contract:1)implied warranty of authority-w
21、hether the third party knew that the agent had no authority at the conclusion of the contract; 2)non-existent principal;Termination of an agencyAct of the parties-accomplishment of contract purpose/occurrence of events; lapse of time; mutual agreement; unilateral termination;Operation of law-incapac
22、ity, bankruptcy, death; illegality; impracticality.Sellers obligations:1.Delivery of the Goods 2.The turning over of documents 3.The sellers assurance of the quality of the goods 4.The sellers assurance of ownership of the goods 5.The sellers assurance of ownership of the goods Exceptions -The buyer
23、 knew or could not have been unaware of the charge or encumbrance upon the goods;The sellers compliance with technical drawings, designs, formulas or other specifications furnished by the buyer;Buyers obligations :Payment of price;Taking delivery.Buyers remediesCompelling of specific performance-the
24、 buyer had not resorted to another remedy; the nonconformity constituted a fundamental breach; timely notice-giving of the nonconformity; timely request of specific performance.Avoidance-the sellers breach of contract constitutes a fundamental breach; the seller rejects to perform within the nachfri
25、st notice by the buyerPrice reduction-the buyer reduces a proportionate part of the purchase price in order to offset the shortage or to reflect the reduced value of the nonconforming goods.Refusing early delivery and excess quantitySellers remedies1. to compel specific performance;2. to avoid the c
26、ontract for a fundamental breach or failure to cure a defect;3. to obtain missing specificationsRemedies available to both buyers and sellers1. suspension of performance;2. avoidance in anticipation of a fundamental breach;3. avoidance of an installment contract;4. avoidance;5. damages;Bill of ladin
27、gA bill of lading is a contract between a carrier (seller, buyer or their agent) and an ocean carrier for the carriage of goods.Characteristics of B/L 1.As a certificate of receipt:as prima facie evidence between the shipper and the carrier,if B/L is not transferred; as final evidence between the ca
28、rrier and the transferee of B/L; 2. As an evidence of the carriage contract between the carrier and the shipper; 3.As a document of title:the carrier delivers the goods against the original B/L;Classifications of B/L提单的分类Loaded B/L;Named B/L;To the order B/L;Blank B/L; Antedated B/L倒签提单-it is issued earlier than the actual shipping date;Advanced B/L预借提单-it is issued before the shipping of the goods;Clean B/L 清洁提单issued through indemnity-it is issued through indemnity to cancel the “unclean” facts of the goods;
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