The Rule in Foakes V Beer Was Not Applied in Hirachand

question 9

Multiple Choice

The rule in Foakes v Beer was not applied in Hirachand Punamchand v Temple [1911] 2 KB 330 because:

• A) The payment was accepted by the creditor.
• B) The debt was paid by a third party.
• C) The debt was paid with interest.
• D) The debt was paid in full.

Understand the distinctions between formal and informal leadership.

Recognize the role of gender in the use of influence tactics within leadership.

Understand the impact of emotional intelligence on leadership effectiveness.

Grasp the essential traits and behaviors of effective leaders as per various leadership theories.

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Definitions:

Operations

The day-to-day activities required for a business to function, encompassing everything from production to customer service.

Articles of Partnership

A document that outlines the terms and conditions of a partnership, including the responsibilities, profit distribution, and decision-making processes among partners.

Annual Salary

The total amount of money an employee is scheduled to earn over the course of a year, excluding bonuses or overtime.

Capital Balance

The amount of money that a company has in its accounts, representing the difference between total assets and liabilities.