Introduction to Business Law Essay Example | Topics and Well Written Essays - 1000 words

Introduction to Business Law - Essay Example On the death of a sole trader the business ceases. Thus if the sole trading option is taken then the investment of 20,000 can be apportioned in accordance with his own judgment and due to his achievement as a good student he can manage the business according to his own ways. The assets would also be owned by him; however, the responsibility of debts and obligations would be without any limit. (Taylor 2009). As far as a partnership is concerned, it is where individuals are in a business and share the assets and liabilities of the partnership, this can be done orally as well. The legislation that governs a partnership is that of Partnership Act 1890. One of the main disadvantage of partnership is that there is unlimited liability of the debts of partnership jointly and severally which could lead to bankruptcy of partners if there is inability of payment of debts. Furthermore there can be failure to issue debentures or floating charges. Contribution to capital would therefore be from partners. The procedure is that when a partner leaves, the remaining partners would buyout his share. When compared with a company there would be lesser formality (memorandum and articles; written agreement; roles of director), expense (registration) and publicity (publicly available accounts). Thus if partnership is used opinions on decision making can be obtained from other partners (there can be sleeping p artners as well); assets ownership can be shared or individually owned; net profits can be shared; debts and obligations can be shared, however failure may result in him being personally accountable to the other partner’s share. As far as a limited company is concerned the main advantage is that the liability is limited to the extent of the unpaid amount of the shares of each shareholder. Thus the shareholders and directors are protected to the extent that they were acting honestly. Furthermore, a company has

LISTENING ASSIGNMENT FORMAT FOR ASSIGNMENT 3 VIDEO REPORT

LISTENING FORMAT FOR 3 VIDEO REPORT - Assignment Example He does comping, which is the act of play chords in a lovely fashion that creates rhythms. The music that he plays accompanies the melodies that leave everyone satisfied. The bass players move back and forth especially when the soloist takes a break. Their main job in this piece of jazz song is to play the roots of the chords. They also lay down a great groove. In this song, they act as a stem when compared to a tree as they keep everything coordinated and together. They are the foundation, the pulse and the glue of the song. The drum players in this song act as exciters especially when approaching the climax of the song. As the soloist starts off, they introduce the rhythm accents together with other instrumentalists. In the song â€Å"just by myself† their importance is greatly seen. The horn players create a jazz atmosphere and rhythm. The sequence of the event in the song started off with the piano first played before the other instruments for the introduction of the song then the vocalist sang. The vocalist sang the song with all instruments played together at once. After the vocalist, the instruments had a solo with the vocalist taking a break. After the singer was done, the pianist was first focused followed by the guitarist, bass player, drummer, and trumpeter. First solo is guitar and piano played together with other instrument accompanying it. The guitarist used the rhythm guitar. After guitar and piano solo, the trumpet was muted giving emphasis on the other instruments. The technique d one in the performance wherein the trumpet plays quietly as the singer sings is known obbligato. At last, the singer stared singing, the trumpet was played as well, and it can be observed that both play independently. The solo was pretty successful as everything was kept synchronized and in a perfect flow. This was interesting to listen to. Moaning is an Arthur Blakely and Jazz Messengers jazz album recorded in 1958 in