Wednesday, February 26, 2020

Corporate Group Structures Essay Example | Topics and Well Written Essays - 5500 words

Corporate Group Structures - Essay Example The discussion will commence with a brief overview of the background of company law, specifically the concept of a company as a separate, autonomous corporate individual. Then the most significant cases in the current state of corporate group structure and liability will be considered: These are a triumvirate of cases involving Cape Industries Plc. Subsequently, analysis of these decisions and their application and interpretation in the last decade will be examined as well as criticism of these three cases will be entertained. This portion of the discussion will expand beyond issues of case law and take an holistic approach to corporate group structure by considering issues such as corporate social responsibility (CSR) and the ethical implications of corporate group structures. Aron Salomon incorporated his boot-making business in 1892. Salomon Co. quickly became insolvent. A series of court cases and appeals took the case to the House of Lords ruling that Salomon Co. and Aron Salomon were not one and the same, â€Å""The very object of the creation of the company and the transfer to it of the business is, that whereas the liability of the partners for debts incurred was without limit, the liability of the members for the debts incurred by the company shall be limited,† concluded the House of Lords.4 No individuals could be held liable for the debts of Salomon Co., a separate, legal, corporate entity. This case was based on the Companies Act 1862 that clearly established the corporation as a separate legal entity. Salomon v Salomon Co. established that this was the legal situation even if one individual was a majority owner and principally responsible for the direction of the corporation also. According to Villalta Puig Gonzalo, â€Å"The case firmly established that upon incorporation, a new and separate artificial entity comes into existence.... a corporation is a distinct person with its own personality separate

Monday, February 10, 2020

RFID in Business Research Paper Example | Topics and Well Written Essays - 1750 words

RFID in Business - Research Paper Example This research paper seeks to investigate and explore RFID and its application in business field. The first section of the essay seeks to illustrate and describe RFID. This will be helpful in presenting constructive and significant insight for the reader regarding the introduction and background of RFID. Other sections of the essay offer comprehensive review and analysis concerning the advantages of RFID technology in business field. The usage of RFID is traced back in the early twentieth century when Leon Theremin invented an espionage tool for the Soviet Union. This device was a passive secret listening device and is considered to be the forerunner of RFID technology (Landt, 8). The roots of radio frequency identification technology can be tracked back to World War II where the usage of radar was common in order to warn of forthcoming planes. An IFF transponder was developed in Britain which also utilized RFID technology in order to identify unidentified aircrafts. Advancements in radar and RD communication systems persisted throughout the 1950s and 1960s. Mario W. Cardullo claims to be the first person who had received a patent for RFID tag with rewritable memory in 1973. In the same year, Charles Walton obtained a patent for a passive transponder which was used to open a door without using a key (Landt, 9). Los Alamos National Laboratory had also worked on RFID systems in the 1970s. A group of scientists has developed RFID transponder embedded in a truck which was used to identify the driver. This system gained popularity in the 1980s and was installed in entire transportation network. Los Alamos also introduced the passive RFID tags to track cows. IBM engineers had developed RFID system in 1990s and had sold its patents to Intermec which has applied it in several different applications ranging from warehouse tracking to farming. The concept of low cost RFID tags on all products was experimented in late