Company law Essay Example | Topics and Well Written Essays - 2500 words - 3

Company law - Essay ExampleFollowing the legal submission above, Estate Ltd has the right to indicate its interest in a property deal or transaction acting in the capacity of trustee of vigorous ingest Ltd. And it is explained above that Healthy eat Ltd. should scorn any rights it deems necessary, maybe in the form of a compensation or remuneration.The main reason why Healthy Eating Ltd. could not expect to be paid for any losses incurred in the property transaction is that Estate Ltd has acted as a personal representative or trustee of Healthy Eating Ltd2. In other ways, this case could be interpreted in the following assumptions(i) Common Liability In as much as Estate Ltd is representing the interests of Healthy Eating Ltd in the sale of the property that was purchased under compulsory purchase order by the local authority, whatever liability incurred by the Holding telephoner (Healthy Eating ltd) cannot be indemnified because the Holding company is indirectly involved in th e deal, using its trustee (Estate Ltd.)(ii) Decision Rights As a supplemental of Healthy Eating Ltd, Estate ltd has been given the rights to act on its capacity, making its own decision concerning any commercial transactions it may deem appropriate. As a provide of this, the holding company does not have any power to seek indemnity against any action taken on its behalf by its personal representative.Considering exclusively the facts raised above, it is legally untenable for Healthy Eating ltd to expect any forms of compensation or remuneration from the local authority on account of the losses it may have incurred because of this property deal undertaken on its behalf by its trustee.(b) Liability to compensate the injured volunteers This issue concerns about the liability incurred by a subsidiary of a company to a third party. In this case study, Research Ltd, which is a subsidiary of Healthy Eating Ltd was involved in a reparation suit by