As the partners agreed to run a high-quality nursery and had specifically avoided buying the type of pots Matthew purchased because they were not high-quality enough, Matthew's actions could be argued to prejudicially affect the carrying on of the business with "regard being had to the nature of the business." As the nature of the business was for quality products, Matthew's purchase could be grounds for dissolution. Paragraph D. Of Section 35 of the New South Wales Partnership Act of 1892 provides for Court-directed partnership termination, "when a partner, other than the party suing, willfully or persistently commits a breach of the partnership agreement, or otherwise conducts himself or herself in matters relating to the partnership business so that it is not reasonably practicable for the other partner or partners to carry on the business in partnership with the partner." Matthew's purchase definitely constituted a breach of the partnership agreement, in that the partners had agreed only to spend $10,000 on a top-quality product while Matthew spent $20,000 on an inferior product, and it can also reasonably be argued that Matthew's acceptance of a personal $2,000 commission from this purchase is both in contravention of the partnership...
Finally, under Paragraph F, the Court is given the power to dissolve a partnership in any case in which it is judged to be just and equitable, which could present a final means of recourse should these other options fail (NSW Partnership Act, 1892).
OZChild's Board of Directors is actively involved in support of the organization through stewardship of a network of professional contacts as potential donors, and in liaison with the Australian Government in support of the agency's mission and programs. Operations expenses are of course included in the OZChild Strategic Plan designed toward sustainable growth and maintenance of the agency's position within the national and international social services community as a leader
Public Private Comparator Public Sector Comparator (PSC) in the Public-private partnership (PPP) Process Increased global financial pressures have caused many government entities to cut costs in any way possible. One way is to outsource services or projects to private companies. However, when comparing costs, the public sector frequently bases its cost calculations for a project by omitting certain types of factors. These can include employee benefits, utilities, or total administrative costs. As
trainee manager with the Jones-Atherton Partnership Ltd. (JA). JA began life as a small building firm started by two partners on a small industrial estate in the north-east of England. It has grown and now employs 20 people full-time. It has moved to a once derelict lot on the outskirts of a university town. It is now one of the largest independent building companies in the area. The last five
Innovations in product are not transmitted throughout the organization. This means that there are production synergies between the different Coloplast facilities that are not presently exploited. The company can mitigate the impact of health care reform therefore by improving its product processes. Their industry is beginning to shift from cash cow status to one characterized by tight margins and high volumes. Coloplast must become a low-cost producer, to use Michael
CAD Mex Case Study Globalism has resulted in a number of changes for the economic viability of the modern corporation. As both the developed world evolves in their new market structure, the developing world adds to the pressures and changes necessary to do business in the contemporary environment. Doing business is not the same worldwide, and the citizens of the global village realize that there are different cultural norms, behaviors, and
Under this system, "each joint venture partner would separately account for and pay tax on its income and claim the proportionate share of joint venture expenses" (Ernst & Young, no date). Liability is also limited in the joint venture under Australian law. It is worth noting that in this case one part of the joint venture "cannot make the other joint venturer liable for debts that they incur in the
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