Article project Example | Topics and Well Written Essays - 500 words

Project - Article Example The additional hiring of 80,000 workers last month is miniscule as this job gain only just keeps pace with population growth. The gain has done little to trim down the backlog of 14 million unemployed workers, avers the article. $787 billion stimulus package: The author has linked the failure of the stimulus package, announced by the U.S government at the peak of recession to the diminished chances of Barack Obama being reelected as the President of United States. 9% unemployment rate: The rate of unemployment in the United States has been hovering around the 9% mark for most part of this year now. The author compares the present rate of joblessness to the 4.6 % unemployment rate that was prevailing in the country a year before the recession began. The comparison illustrates that reaching the pre-recession glory is still a far cry for the United States. 39.4 weeks: Average time spent looking for a job: The article brings to light the difficult time the unemployed in the country are facing. The average time that an unemployed worker pounded the pavement touched 39.4 weeks in October, pretty close to the peak of 40.5 weeks recorded in September. The article suggests that the longer a person remains out of job, the more difficult it gets, for varied reasons, for that person to land a job. 34.3 hours: Average length of workweek: There has been no change in the length of the average workweek for a year now, reveals the article. The statistic remained at 34.3 hours in October as well. The author argues that companies invariably extend the workweek and make the present employees work longer before going in for fresh hiring. Therefore, a stagnant workweek does not bode well for job growth in the United States. The news article successfully integrates all information and apprises the reader why the threat of a double dip recession still looms large. There appears no bias in the article as it also refers to the positive indicators like

Problem based assignment Essay Example | Topics and Well Written Essays - 2500 words

Problem based assignment - Essay Example It is treated as a natural separate person due to which, it is responsible for all acts or liability bound to it. The company therefore can enter into contract on its own name and due to which it liable for any breach of that contract, e.g. the director is considered as a natural person who acts on behalf of the company. The managing director who is working on behalf of company is actually considered as secondary liability in which the company is responsible for the acts of another. the director in this case is working on behalf of company and his acts are directly attributed to the company as he is not the servant or agent of company, he is director with powers to bind the company into contract which clearly states that any guilt or liability arise due to the contract by director will automatically bound the company into that contract , and so the company will be liable for that contract and any breach of that contract can sue the company as a separate legal entity and not the direc tor. ... In the given scenario the director of company entered into the contract of $1 million, but actually the director was only allowed to enter the contract below $ 500,000. The director is exceeding his capacity for entering into the contract. However the company mincoNL will be sued for the wrongful act of the director, and company can fine or charge the director for his wrongful act. So according to the case in Tesco Supermarkets Ltd v Nattrass, in this scenario the same situation applies on company. Step 4: Conclusion if the director enters into the contract, the company according to The corporate criminal liability, company is convicted of a crime committed by directors or employees who are acting as the company`s mind. Under the criminal and civil penalties, the director will be fined or can be banned by the company. Although the company is liable for the contract the company will sue the director for exceeding his authority powers of contractual capacity which he was not permitted by the company. PART B Step 1: Identify Legal Issue/s EquiPtyLtd is facing problems about the legal matters regarding company law and want an advice. The company had a contract to deliver 2 buses of worth $1m to MincoNL. But now MincoNL’s directors refused to take delivery of buses on the basis of following grounds. 1. EquiptyLTD was entered into the contract with jaonne flywell, the managing director of the MincoNL. Jaonne has only the maximum purchasing limit of 0. $5m .As this was written in constitution so Equiptyltd should know about it. The Area of law which deals with this matter is the statutory assumptions described in the company law. The