Business Transfer, Leasing, and Entrepreneur Liability
Sales (Inter Vivos Transfer)
The sale involves the inter vivos transfer of a business. This is determined by the specific assets being transferred, essentially the company itself. This applies specifically to trading companies when transferring a capital unit formed by economic activity and labor, managed and organized by its owner.
The transfer conveys ownership of the company, focusing on economic factors and factual/legal relationships not subject to legal control. These include organization, customers,
Read MoreIndividual Entrepreneur vs. Limited Company: Key Differences
Individual Entrepreneur vs. Limited Company
Individual Entrepreneur: An individual entrepreneur can be of legal age or an emancipated minor, or a disabled minor represented by their legal representatives. The individual entrepreneur’s liability is unlimited. If only one person exercises the activity, the following considerations must be taken into account:
- Real estate owned by the employer and spouse.
- Assets acquired during the business activity.
- Separate property of the spouse is only affected with
Understanding the Speculum and Its Legal Significance
Noting the inconsistent provision of Royal Charter and its unlikely existence in the mid-thirteenth century. Secondly, noting that the speculum has been precisely the fact that the Charter initial title of the book so that the nomenclature can be interpreted as referring to a speculum that did exist with that name.
According to this interpretation, Alfonso X ordered the preparation of the speculum and legal work. Due to difficulties in legal policy, the speculum was in crisis, written in 1268, the
Read MoreUnderstanding Purpose of Law: Characteristics and Elements
Understanding the Purpose of Law
Key Characteristics of Law
- Generality: Law applies universally, not to specific individuals.
- Imperative: Law commands actions and prohibits others, without suggestion or invitation.
- Alterity: Law governs relationships between two or more parties, existing within society. Law and society are interconnected; one cannot exist without the other.
- Coercibility: Law can be enforced by force if necessary.
Characteristics of Fundamental Rights
Human rights are subjective rights
Read MoreUnderstanding Punishment, Social Contracts, and Legal Obligations
Punishment
Punishment
Definition of Punishment
Punishment is the infliction of a penalty or sanction on an individual or group for a perceived wrongdoing, offense, or violation of rules, laws, or social norms. The primary purpose of punishment is to deter the individual or group from committing similar wrongdoings in the future, as well as to provide justice and reparation to the victims or society as a whole.
Types of Punishment
There are several types of punishment, including:
- Corporal Punishment: Physical
Law Essentials: Key Concepts and Legal Terms
Substantive Law vs. Procedural Law
Procedural law provides the process that a case will go through. It determines how a proceeding concerning the enforcement of substantive law will occur. Substantive law defines how the facts in the case will be handled, as well as how the crime is to be charged.
Housing Law: Tenant Definition
One who holds or possesses real estate or sometimes personal property by any kind of right. For example, “a housing law is now leasing the apartment”. This person is a tenant.
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