Understanding Business Structures and Commercial Contracts

Social Irregulars

If a company has effective traffic, it concludes that it is relevant and cannot be ignored. If a company is a collective society, that discipline (mercantile society) is governed by the most rigorous, and defends third parties. If the right of the form adopted is simple, applicable standards are of this type. If it is a public limited company, limited by shares, or limited, the rules of civil society are applied, as it is, to its obligations and activity. The irregular company is valid. Joint and several liability. Article 120 of the Commercial Code establishes the managers against third parties.

De Facto Companies

The name of the company, despite being affected by a defect of nullity, or cancellation, has come to intervene in traffic. The companies are valid until a judge says otherwise and settled (not a dissolution).

Mercantile Societies

• Public Limited Companies: Limited liability, limited by shareholders by the beginning of Mercantile (always commercial).
• Collective Society and Simple Limited Partnership: A civil or commercial activity depends.

Commission Contract

A contract where the commission agent provides a service to the principal, any merchant. A snapshot relationship.

1. The commission agent may contract in its own name (not declaring who their principal is) as if the business was theirs.
2. Recruiting on behalf of their principal shall manifest.

Duties of the Commission Agent

• To fulfill the request.
• To inform.
• To perform.

Duties of the Principal

• Provision of funds to pay the commission.
• Prize committees.
• Reimbursement for disbursements.
• Take on the contract.

The relationship is extinguished with the death or disqualification of the commission agent only.

Insurance Policy

Policy means the conditions part. It must specify the contracting parties, just as the concept of its assistance, as agreed. If the contents of the policy differ from the application or proposal, the policyholder can claim to amend the clauses in a month. If the insurer is misled by the policy, there is an obligation to request a copy. Depending on the insured, it may be payable to the order and the carrier.

Public Limited Company (SA)

The Fund

1. Public form requirement.
2. Overwritten form and statutes.
3. Subscription and disbursement.
4. Classes.
5. Fund.
6. Nullity.

The General Board

1. Types.
2. Convocation.
3. Constitution.
4. Assistance.
5. Representation.
6. Functions and agreement.
7. Minutes.

Payment Failure

1. Direct via: free.
2. Back: to all.

Guarantor: If you say the book (if not accepted) the drawer.