StudentShare solutions
Triangle menu

Law of Business Associations - Coursework Example

Nobody downloaded yet
This research will begin with the statement that the question concerning the scope, form, and content of directors' duties is a long-standing problem in company law and corporate governance. The issue has proved to be one of the most challenging to solve. For a long time, the duties of directors have been derived from the common law, equitable principles, and legal provisions, mainly the company’s act 1985. According to Foster, some scholars believe that directors play a small role in smooth running of a company. Instead, the board is responsible for their company’s success. However, this is wrong in that both the boards and the directors them self plays a significant role in company’s success. Failure for any of them to perform as expected can lead to collapse of an organization. Although company law has been in existence for a very long time, the Companies Act 2006 received Royal Consent on year 2006. This review of company law was the biggest review of United Kingdom Company raw for a period of 40 years. The review project included a three year detailed investigation by government appointed party, a detailed research on the specific issue by the law commission of England, Wales, and Scotland, and an extensive public consultation on a number of technical issues. The act contained 1,300 sections and 16 schedules. The government will issue more material as regulations made under the act. The Act introduced a new legal right for shareholders to charge their directors in the company’s name....
The act has enabled company auditor to negotiate liability limitation with their customer among many other. In the need to modernize united kingdom company‘s law, two key issues were considered. First, should the law expect from the company any wider social responsibility, or should they be left alone to peruse the objective of making maximum profit for its shareholders. Secondly, should any legislation be more specific about the duties of companies’ directors. The changes made between this two areas, now form the basis for how the company and the outside world expects the director to operate and account for their action. Since the act center around the duties of directors to their companies, it therefore becomes very important to have a clear understanding of who is a director. A company’s director is the person to whom the laws look upon; to run the affairs of a company on behalf of its owners (Martin S.2005). A company is required to have at least one director. Conversely, a public company must have a minimum of two. This is because companies- artificial legal persons- cannot act for themselves- they need to act through other persons. This also applies to private companies that have one or two shareholders. The company must still give at least one director even where an individual is both a shareholder and a director. In such circumstances, the law will still see a technical distinction between the interest of the shareholders company owners and the company directors as the ultimate decision makers on behalf of the company. According to the act, all limited company should have a director. Bearing in mind that a company’s director is one who regularly makes most of the decisions relating to the company, it ...Show more
Cite this document
  • APA
  • MLA
(“Law of Business Associations Coursework Example | Topics and Well Written Essays - 2750 words”, n.d.)
Retrieved from
(Law of Business Associations Coursework Example | Topics and Well Written Essays - 2750 Words)
“Law of Business Associations Coursework Example | Topics and Well Written Essays - 2750 Words”, n.d.
  • Cited: 0 times


This essay explores two key issues: 1) should the law expect from the company any wider social responsibility, or should they be left alone to peruse the objective of making maximum profit for its shareholders; 2) should any legislation be more specific about the duties of companies’ directors…
Law of Business Associations
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the coursework on your topic
"Law of Business Associations"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Business law
The chances of this happening are therefore minimized if the parties contracting understand the concept of what they are agreeing to, the rights, the obligations and the how to foresee potential problems. Keywords: legality, breach, obligations, duties Business Law Introduction Contract law is one of the major and most common branches of every day law.
9 pages (2250 words) Coursework
Business Law
They are: 1. Nature of contracts 2. Breach of contracts 3. Damages for the breach of contracts 4. Limitations. Nature of Contracts The first issue is about the nature of contracts that give rise to rights and responsibilities that enables one party to sue to recover damages in case the other party does not fulfil its part of the contract.
8 pages (2000 words) Coursework
Business Law - resit
At a certain point of time, both of them perceived that they can operate more effectively if they work together as one single business unit based on a partnership contract. The underlying motive of Anita is to obtain profits through the business which had been shrinking owing to her health concerns.
12 pages (3000 words) Coursework
Business law
A contract involves a promise to carry out a task in return for a valuable benefit or advantage to either of the two parties. A contract is the very basic and the most essential part of a business deal. It is amongst one of the most important areas of legal concern and can involve variations on the conditions.
9 pages (2250 words) Coursework
Business Law Questions
Eva, the owner of Finest Enterprises, is a sole proprietor. As such, she runs and maintains ownership of the business herself. In sole proprietorship, there is no legal distinction between Eva and Finest Enterprises that is, the owner and the business are considered as one under law (Aronoff, Ward and Astrachan 22).
7 pages (1750 words) Coursework
Business organisations law
(Emerson RW & Robert W, p. 283). It is implied by the general principles of agency that the agent will be held liable for his actions and hence liability will be
2 pages (500 words) Coursework
Business Arrangements & Global Business Law
The author gives recommendations all the partners to be agreed upon the terms of the partnership so that any future confusion or disagreement can be avoided. It is important to be kept in mind that it would be the state of defaulting law if there is no properly written partnership document is available.
9 pages (2250 words) Coursework
Employment Business Law
The airline is responsible for renting hotel rooms for its workers as opposed to them going home at the end of a working day. This mostly happens when the attendants are in a foreign country. Though the airline does not recommend
1 pages (250 words) Coursework
Employment Business Law
Overtime work is generally a measure of increasing productivity and meeting the deadline stipulated for specific tasks within organizations. However, employees are compensated for the same. In order to maximize profits, employers should come up with lawful measures of
1 pages (250 words) Coursework
Business law
There are four elements in a contract. One is offer and acceptance. An offer is a definite promise to bind by the contract. For there to be a contract an offer must come first. That is there are certain provisions that you have to bring on board. It has to be accepted
6 pages (1500 words) Coursework
Comments (0)
Click to create a comment
Let us find you another Coursework on topic Law of Business Associations for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us