vs Worobec style of the cause R plaintiff Worobec defendant 1991 date case was

Vs worobec style of the cause r plaintiff worobec

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R. vs. Worobec : style of the cause (R = plaintiff, Worobec = defendant) (1991) : date case was decided. Round brackets indicate volume numbers keep adding on Square brackets indicate volume numbers reset to 1 each year WWR – Western Weekly Reports 63: volume number C.C.C(3 rd ): report series When volume numbers get high, 150 CCC(3 rd ) becomes 1 CCC(4 th ) and colour of book changes 412: page number BCCA: court trial was held in. Commonly misused words: (common) mistake: (error) state of affairs at the time the contract was formed (inevitable) accident - nobody to blame, it would have happened in any event Business Organizations Sole Proprietorship: Go to registrar of companies – Public Libraries 12
Start your business under any name not taken (and not offensive) Asset switch has to be before being sued or possibility of it (protect personal life, switch to spouse) Can hire employees, abiding by laws (workers comp, income tax etc.) Business assets not separated from personal assets o If you go under, personal assets at risk (everything you own) Partnership: Advantage is that whole is better than sum of parts Partnership is a contract – contracts don’t have to be in writing, only ones that deal with property – real estate Should put partnership agreement in writing. Anything missed then defaults to what the Partnership Act states (Section 92, 1932) Partners are not employees, and cannot make wages. o Instead take draws , written up by accountant. Personal and business assets are still not separated (accreditors) – all partners stuff is used if sued, all equal, can be structured but should be in writing You are responsible for contracts your partners make Limited Partnership: o Used in case where investor wants to contribute $$$, but doesn’t want to be personably liable o Regular partners are called general partners o Investor is called a silent partner Can’t take part in management decisions Can’t advertise him/herself as a partner Only liable for as much as he/she put in Limited Liability Partnership: o Used if partnership likely to be sued by 3 rd person (engineers, lawyers) o Only guilty partner can be sued, not the employees or other partners, or if someone knew of negligence they are liable as well o Liability limited to investment or joint investment (partnership assets) o Get insurance as well, liability insurance Partnership dissolved upon death, bankruptcy, mental incompetence etc. Incorporations: Can be provincial or federal 13
90% are private, 10% public Restrictions on private companies: o Maximum 50 shareholders o Limitation on transfer of shares o No public offerings of shares (i.e. TSX) Private doesn’t mean small Lawyers cannot corporate Shareholders are the owners o Elect directors, appoint officers (CEO…) o Only officers can execute contracts that bind the company o Shareholder’s liability limited to money invested in shares Incorporations have individual identities of their own o Can sue or be sued o

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