Midterm creative response paper Term Example | Topics and Well Written Essays - 750 words

Midterm creative response - Term Paper Example Hearing the news as a family we were filed with mixed emotions as we were placed in the balance between joy for victory and fear of the unknown. Not only was the event a surprise as the ending of the war was almost instantaneous after the bombings. One thing that mainly stood out to us was that the Japanese had been defeated a long time ago, however still continued to fight. The American troops had gained control of the majority of the Japanese waters. In addition, the Japanese army had lost many troops and was experiencing financial difficulties which further increased the element of surprise when the news came that the war was over. The first question was why, after the Japanese continued to fight in such a compromising position, they decided to quit after just two bombings. We had heard some information on the nuclear bomb; however, we were not completely aware of the extent of damage it can cause. Upon hearing the news that the war was over, the primary emotion that was present among members of the community was joy and relief that the war had ended. We celebrated together with our neighbors as the conflict was long and scarred with destruction, death and terror. Many of our neighbors including our family were waiting for the return of our relatives. However, we often engaged in some concerning discussions on the sides. I was all too careful in such encounters as opinions may differ, and change the jovial atmosphere that was in the community. One question that we mainly discussed in small but close company was whether the use of nuclear weapons was justified. To a certain extent, I would say yes, the use of the atomic bomb was justified. Without the intention of using this term too loosely, all is fair in love and war. The Japanese had previously misrepresented themselves, which led to the deaths of numerous America citizens. In addition, I feel Truman was running out of opti ons as the Japanese were refusing to surrender. During

Company law, study case Essay Example | Topics and Well Written Essays - 4750 words

Company law, study case - Essay Example 1 Thus, in Rolled Steel Products (Holdings) Ltd v British Steel Corporation the disputed transaction was not held to be void. The court came to this decision as the transaction was not wholly beyond the capacity of the company.2 The directors of a private company with just one class of shares are permitted to allot the same class of shares. In addition, they can convert securities into such shares. 3 Moreover, such directors can grant rights to subscribe to such shares. However, these share allotment activities are subject to the prohibitions of the Companies Act 2006. 4 In all other instances, share allotment is permitted to the directors of the company, only if there is specific authorisation to do so by the Articles of Association of the company or there is a company resolution to that effect. Such authorisation has to specify the maximum number of shares that can be allotted under the authorisation. 5 As such, directors are instrumental in decision making and other critical funct ions of the company. The law relating to conflict of interests is intricate, and the director of a company should seek legal advice in this regard. In addition, it is necessary to ensure that the company’s constitution provides the required authority to a director in a specific situation. 6 However, Section 175 of the Companies Act 2006 does not cover all the functions of the directors. For instance, it does not deal with instances, where a director intends to have transactions with his company. This should be permitted by the constitution of the company. Moreover, under the provisions of section 177, the director has to make proper disclose to the board of the company. 7 There should be proper flow of information to the directors of a company. This is indispensable for the proper and efficient functioning of the company. As such, it is obligator for the company board to ensure that the directors have a proper flow of information. This is essential, as there is a statutory ob ligation on directors to take into consideration particular matters at the time of taking decisions. 8 Companies formed prior to the enactment of the Companies Act 2006, can acquire the same status regarding the issue of shares, by resolving to excise the clause relating to authorised share capital from their articles of association. In addition, these companies should resolve to bestow upon their directors the powers granted under section 550 of the Companies Act 2006.9 Companies formed under the Companies Act 2006 are not limited with regard to the number of shares that they can issue. 10 Section 550 of this Act provides that in the absence of a specific prohibition in the articles of association, the directors of a company with only one class of shares are at liberty to allot shares without requiring the authorisation of the shareholders.11 In addition, section 550 of the Companies Act 2006 empowers the allotment of shares by the directors of a private company that has only one c lass of shares. Such allotment of shares does not require prior authority from the members of the company. Furthermore, this power can be precluded or restricted by the members, via the Articles of Association of the company.12 In our problem, Ben and Holly realized that the Kingdom Ltd company would not be in a position to grow without the obtention of further financing for