logo

Law of Business Organization - Assignment

   

Added on  2020-04-01

4 Pages723 Words76 Views
Law of Business organization
Law of Business Organization - Assignment_1
1. Research and explain the phrase “DIRECTING MIND and WILL"-This doctrine refers to a living person who possesses mind and having the knowledge or motiveor being negligent in order to carry out his intentions which can be negative. An organizationdoes not possess any knowledge or motive as the functions of the organization is carried out byliving person. An organization cannot act on its own. Living persons are acting on behalf of thecompany and basically acts as a company. If the living persons who are acting on behalf of thecompany has a guilty mind than the guilt will be considered of the organization. Such livingpersons can be board of directors, managing directors and other chief officers of the organizationwho carry out various functions regarding management in the organization (Matheson, 2010).The phrase of “DIRECTING MIND and WILL"can be answered by identification of thoseliving persons who was in actual control of operations and fulfilled their negative intentions.The development of doctrine of “DIRECTING MIND and WILL" was started with the case ofLennard’s Carrying Co. Ltd v Asiatic Petroleum Co Ltd. In this case, a question was raised byHouse of Lords that can a corporate ship-owner be made guilty and liable for the loss of cargobecause of negligence in n navigation of one of ships. But, it was stated that servant or agentliability has not to do anything for actual fault (Campbell and Armour, 2003). But the liabilityextends to the company because of the reason that the action of living person on behalf of theorganization is considered as the action of the organization itself. Thus the concept of“DIRECTING MIND and WILL"was applied.2. Research and Explain the phrase "PIERCING THE CORPORATE VEIL’’-The phrase piercing or lifting the corporate veil is the main doctrine of corporate in order tomake a decision whether the shareholders of the organization will be held liable for the
Law of Business Organization - Assignment_2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Assignment based on the Business Law
|3
|642
|34

Assignment Law of Business Organization
|5
|744
|33

Public Company Registration (DOC)
|5
|814
|60

Legal Issues and Relevant Laws in Business: Case Studies
|8
|2481
|110

Law Of Business Organizations | Piercing The Corporate Veil Report
|5
|739
|43

Assignment on Business Law PDF
|4
|771
|137