Monday, December 30, 2019
The Importance of Thrasymachus in Platoââ¬â¢s Republic Essay
The Importance of Thrasymachus in Platoââ¬â¢s Republic Dr. Maltersââ¬â¢s comments: This student does two things quite remarkable for an undergraduate student. In his compact essay, not only does he display an in-depth understanding of complex perspectives on justice put forth by the protagonist Socrates, he deftly explains how Plato has artfully made rude objections by a seemingly minor character early in the dialogue function as a structuring device for nearly all the important ideas examined thereafter. In Platos Republic, the character Thrasymachus provides an intense yet short-lived appearance in the discussion of justice early in the story. Though he seems to almost completely withdraw from the discussion for theâ⬠¦show more contentâ⬠¦Though defeated on this point, hes not yet satisfied with Socrates argument, and sticks by one of his previously stated views which held that injustice is more profitable than justice. However, he shrinks back and seems no longer able to speak for himself after Socrates refuted his argument on justice. Despite his withdrawal from the argument throughout the rest of the Republic, his early ideas help lead Socrates farther on his search for justice through the construction of a hypothetical just city. In describing the education of the guardians of this city, Socrates discusses the need for a balance between gymnastics and poetry. He relates how too much gymnastics lead the spirited part of someone to be overtightened and hard. Hell be m useless and hate discussion explains Socrates. This hardness and hate for discussion reminds us of the actions of Thrasymachus at the beginning of the argument defining justice. Thrasymachus becomes an example of a badly tuned soul that Socrates goes on to describe. On examining Thrasymachus idea that it pays to be perfectly unjust, Socrates refutes this argument in Book 4 as he speaks of the souls three parts; wisdom, spirit, and desire. The civil war between these three parts is shown to be the cause of injustice, but before Socrates can correlate this with the regimes of certainShow MoreRelatedEssay on Thrasymachusââ¬â¢ Views on Justice939 Words à |à 4 PagesThe position Thrasymachus takes on the definition of justice, as well as its importance in society, is one far differing from the opinions of the other interlocutors in the first book of Platoââ¬â¢s Republic. Embracing his role as a Sophist in Athenian society, Thrasymachus sets out to aggressively dispute Socratesâ â¬â¢ opinion that justice is a beneficial and valuable aspect of life and the ideal society. Throughout the course of the dialogue, Thrasymachus formulates three major assertions regarding justiceRead MoreJustice And Injustice Of Plato s The Republic1502 Words à |à 7 PagesShort Essay: Justice and Injustice in Platoââ¬â¢s The Republic In Platoââ¬â¢s The Republic, Socrates expresses his belief that in order for a state and its people to be functioning at their best, every citizen ought to do what they have the most character for, or what they are most qualified to do. Whether it is craftsmanship, guarding the city, playing music, or healing the sick, Socrates thinks that everyone should make his or her living doing one thing that they are skilled at, and one thing only. InRead MoreThe Philosophy Of Plato s Republic973 Words à |à 4 Pagesprominent philosophers who studied under the philosopher, Socrates. He is well known for his book, Republic, which presents different philosophical concepts including the concept of justice and how it is always in the individualââ¬â¢s best interest to be just. In this book we meet Thrasymachus, a Sophist, who has an opposing view on the value of justice. Platoââ¬â¢s notion of justice conflicts with that of Thrasymachus and possible consequences of morality are contentmen t and trust. Justice, during the time ofRead MoreWho Were The Pythagoreans? How Did They Try Solve The Dilemma Of Anaximander?1131 Words à |à 5 PagesSocrates that are important to me is that Socrates was charged, tried, and executed for supposed corruption of the youth and the fact that he was self-aware of his own ignorance, and in the same instance, played positive roles. He focused more on the importance on the human soul than the human body and urged his people to focus on their souls instead of material possessions. 11. In a paragraph describe one or two interesting points from the philosophies of Mergarians, Cynics, and Cyrenaics, respectivelyRead MoreEducation: Keeping the Republic Together Essay654 Words à |à 3 PagesEducation: Keeping the Republic Together Our world today puts huge amounts of emphasis on education, specifically in order to get a better job, make more money or take enjoyment in what we do. We see a similar importance placed on education in Socratesââ¬â¢ make believe city, as described in Platoââ¬â¢s Republic. However, Socrates has made it clear that this education is not for personal betterment or gain, but rather for the common good. Socrates has created his Republic with education of its citizensRead MoreThe Republic And The Socratic Dialogue1769 Words à |à 8 Pages When analyzing Book 1 of the Republic and the Socratic dialogue Euthyphro we can conclude that there are a lot similarities and differences in the arguments between Socrates and Thrasymachus and Socrates and Euthyphro. Both pieces and arguments have similar tones and shows how Plato, through Socrates, would get to the bottom of certain issues. Upon entering the house In Platoââ¬â¢s The Republic, Socrates didnââ¬â¢t know what he was walking into when the discussion of justice was brought up. The mainRead MorePlato, in the ââ¬Å"Republic ââ¬Å", ambitiously sets out to prove that art imitates reality by distracting900 Words à |à 4 PagesPlato, in the ââ¬Å"Republic ââ¬Å", ambitiously sets out to prove that art imitates reality by distracting us from the truth and appeals to socially destructive emotions. He continued his statement by referring that art provides no real knowledge, and that it undermines personal and social well being. In this paper, I will argue that Plato makes an invalid implicit assumption that the representation of life through arts is dangerous and doesnââ¬â¢t define the truth since it uses imitation. I will demonstrateRead MorePlatos The Republic and The Apology1714 Words à |à 7 Pages In Platoââ¬â¢s The Republic and The Apology, the topic of justice is examined from multiple angles in an attempt to discover what justice is, as well as why living a just life is desirable. Plato, writing through Socrates, identifies in The Republic what he thought justice was through the creation of an ideal city and an ideal soul. Both the ideal city and the ideal soul have three components which, when all are acting harmoniously, create what Socrates considers to be justice. Before he outlines thisRead MoreEssay on Socrates Is Not Guilty1909 Words à |à 8 PagesIn the book, Plato Republic, Socrates had a discussion with Thrasymachus and Glaucon about justice and unjustice. In this essay, I shall argue that Platoââ¬â¢s solution of the temptation of the ring is successful in a few ways. I will describe Thrasymachus and Glauconââ¬â¢s idea about justice, and how Socrates discuss with them in terms of the justice of the city, justice of individual soul, his theory of forms and the importance of the knowledge of the good, and the sun analogy and the allegory of the caveRead MoreComparsion of Realism and Idealism in Niccolo Machiavellià ´s The Prince and Socratesà ´ Platoà ´s Republic1101 Words à |à 5 Pagesfrom The Prince and Socrates, from Platoââ¬â¢s Republic, there is no way to avoid the clash between realism and idealism. The contrasting of both of these states of minds, when it comes to ruling a city, per se, is fascinating because, while they are extremely different, theyââ¬â¢re perceiving the same objective: ruling a civilization successfully. Machiavelli uses the concepts of virtà ¹, fortuna, and free-will to describe political success. On the other hand, in The Republic of Plato, Socrates uses Justice
Sunday, December 22, 2019
Classical Realism Vs. Marxism - 1544 Words
Borne of several exhaustive accounts of human conflict and their subsequent analyses, Classical Realism remains the most compelling theory of those recognised in the study of International Relations (IR). Predating idealist dogma, the sombre chronicles of ancient Greek historian Thucydides served as a preliminary framework for a series of timeless texts that remain as applicable in the current political climate as they had been centuries prior. A distinguishing feature of Classical Realism is its pessimistic interpretation of human nature and interstate relations, underpinning what critics perceive to be a famine of morality. This is exacerbated by an observed inability to account for substantial developments in the global politicalâ⬠¦show more contentâ⬠¦78). Importantly, Machiavelli advised that human nature is not pliable ââ¬â men ââ¬Å"will always have, the same passions, and of necessity they must result in the same effectsâ⬠(1996, p. 212). Recognising perpetual self-interest as a core attribute of humanity, theorist Hans J Morgenthau follows that these issues ââ¬Å"cannot be exorcised by some technological, social, or, political contrivanceâ⬠(1984, p. 379). Although Hobbesian and Machiavellian perceptions of human nature are generally grim, both acknowledge the intrinsic ability of man to reason. Hobbes hypothesised therein that dangers presented by human nature can only be suppressed if const ituent members of a society surrender their natural rights to a common body. For Realists, this is embodied in the creation of a concordant and sovereign state. In the collective culmination of the state of nature, individuals in society create a different state; that is, ââ¬Å"a legal entity that possesses a permanent population, a well-defined territory and a government capable of exercising sovereigntyâ⬠(Kegley Raymond 2005, p. 47). The state, often used interchangeably with the terms ââ¬Ënationââ¬â¢ or ââ¬Ënation-stateââ¬â¢, is the most important actor in the Realist international system. Possessing no superior authority (sovereignty), the respective states of the world interact in a condition of anarchy. With this provision, the state is unrestrained by the ââ¬Ësocial contractââ¬â¢ imposed on individuals at a domestic level. Thus, the actions takenShow MoreRelated Mumbo Jumbo by Ishmael Reed Essay3625 Words à |à 15 Pagesdance craze that reappears in New Orleans in the 1890s. Throughout the book the hoodoo, or better, the philosophy behind hoodoo is paid a lot of attention. This is significant, because in the postmodern aesthetics there is a turn to the hyper-realism. The practices that Papa La Bas carries out are related to magic and reading minds etc. The word Hoodoo came to America when the Voodoo of Haiti was imported into French Louisiana by planters and slaves that were escaping the Haitian revolution. WhenRead MoreReading Mumbo Jumbo3739 Words à |à 15 PagesEgyptian dance craze that reappears in New Orleans in the 1890s. Throughout the book the hoodoo, or better, the philosophy behind hoodoo is paid a lot of attention. This is significant, because in the postmodern aesthetics there is a turn to the hyper-realism. The practices that Papa La Bas carries out are related to magic and reading minds etc. The word Hoodoo came to America when the Voodoo of Haiti was imported into French Louisiana by planters and slaves that were escaping the Haitian revolution. WhenRead MoreExistentialism vs Essentialism23287 Words à |à 94 Pages------------------------------------------------- Essentialism vs. Existentialism Essentialism: A belief that things have a set of characteristics that make them what they are, amp; that the task of science and philosophy is their discovery amp; expression; the doctrine that essence is prior to existence While, Existentialism:A philosophical theory or approach, that emphasizes the existence of the individual person as a free amp; responsibleRead MoreRemains of the Day as a Postmodern Novel5345 Words à |à 22 PagesBritish postmodern prose. Concerning Ishiguros work itself, and Remains of the day as an example of his manner of narrating, this subject of history is precisely the thing that dominates the discourse and captures readers attention (the plot in classical sense is quite static). Stevens, alike all of Ishiguros narrators, is not at all objective and trustworthy. His memory plays tricks on him (motif especially present in his earlier two novels with Japanese protagonists), his language distorts toRead MoreInternational Relations: Japanââ¬â¢s Engagement with China, 1990-20103146 Words à |à 13 Pagesexplaining a nationââ¬â¢s grand strategy, for they would not survive otherwise. From the Classical Period to the Middle Ages, from the Renaissance to the twenty-first century, hi storians, statesman, and political theorists have attempted to provide reason and understanding behind the decisions made by nation-states. More often than not, whether through realism or liberalism, through social constructivism or even Marxism, the theories of international relations have been able to define the guidelines forRead MoreEssay about The Remains of the Day by Kazuo Ishiguro5293 Words à |à 22 PagesBritish postmodern prose. Concerning Ishiguroââ¬â¢s work itself, and Remains of the day as an example of his manner of narrating, this subject of history is precisely the thing that dominates the discourse and captures readerââ¬â¢s attention (the plot in classical sense is quite static). Stevens, alike all of Ishiguroââ¬â¢s narrators, is not at all objective and trustworthy. His memory plays tricks on him (motif especially present in his earlier two novels with Japanese protagonists), his language distorts toRead MoreOrganisational Theory230255 Words à |à 922 PagesModernist organization theory: back to the future? Introduction Modernist organization theory in context What is modernism? Modernism and architecture What is modernist organization theory? The historical roots of modernist organization theory Classical theory of organization Modernist organization theory: an overview The modernist ontology: the ordered world of the modernist organization The epistemological level: the scientific approach to organization The technologies: how modernists get thingsRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words à |à 656 PagesHistorical Thinking and Other Unnatural Acts: Charting the Future of Teaching the Past Sharon Hartman Strom, Political Woman: Florence Luscomb and the Legacy of Radical Reform Michael Adas, ed., Agricultural and Pastoral Societies in Ancient and Classical History Jack Metzgar, Striking Steel: Solidarity Remembered Janis Appier, Policing Women: The Sexual Politics of Law Enforcement and the LAPD Allen Hunter, ed., Rethinking the Cold War Eric Foner, ed., The New American History. Revised and Expanded
Saturday, December 14, 2019
Business Practices Free Essays
string(195) " contest because the costs associated with litigation would have been greater than the fines, and litigation would have diverted management attention from firm operationsâ⬠\(Ronald: 507\)\." Business practices came under fire when Americaââ¬â¢s seventh largest firm Enron collapsed due to unethical accounting strategies. This case triggered a series of unwelcome events where one after the other, large organizations in the US collapsed or run for bankruptcy cover with one case even implicated the infamous Martha Stewart for insider trading. The various deceitful activities of some larger companies resulted in widespread public mistrust of business practices and values. We will write a custom essay sample on Business Practices or any similar topic only for you Order Now Companies as big as Adelphia, ENRON, Global Crossing, Kmart, Qwest communications, WorldCom and Xerox are all under thorough investigation by one of the few reliable authorities, Securities and Exchange Commission (Royal Bank of Scotland). All the aforementioned names were business of international repute that were charged with the unethical act of projecting inflated profits to trick stakeholders and earn higher profits and generate greater revenue from expensive stocks (Royal Bank of Scotland). WorldCom ran for insolvency in July 2002, making it one of the biggest bankruptcies of all times (Royal Bank of Scotland). Both World Com and ENRON hugely overstated their profits and hence committed the major crime of misleading stockholders. ââ¬Å"World Com Inc. , the US No. 2 long distance Company fraudulently overstated profits by nearly 7 billion dollars in last few years. Analysts, brokers and accountants moved like herds to promote their stockâ⬠(Royal Bank of Scotland). Enron was another major setback to the industry and economy when its unethical accounting practices resulted in a huge financial crunch. The accounts of the company showed that Enronââ¬â¢s revenues in 2000 were over $100 billion. Enron was growing rapidly as it was selected by Fortune magazine as one of those companies whose stocks were most likely to last the entire first decade of the 21st century. Enron was performing well in all its three business namely energy, wholesale and global services. Enronââ¬â¢s bankruptcy then took the world by complete surprise, as this was not only the biggest collapse in the United States in recent years, it was also the fastest. Before filing for bankruptcy in December last year, Enron was the seventh largest company of the United States as it turned its businesses into monopolies by dominating all areas of its various operations. But a company that looked so powerful only a year ago collapsed dramatically when one of its accountants began raising questions about those shady transactions which had managed to conceal the companyââ¬â¢s negative debt position from its accounting books. But slowly and gradually Enronââ¬â¢s problems began unrolling in front of the public and it became clear that all the profits shown by the company were simply an illusion. ENRON as well as World Com both had managed to make these blunders with the Arthur Anderson, that was reportedly, ââ¬Å"one of the top five accountancy firms in the worldâ⬠that doctored accounting books of ENRON ââ¬Å"and later shredded vital documents at several of their office locations including Londonâ⬠(Royal Bank of Scotland). Ethical crisis in business is definitely a hot issue these days. With no respite in sight and probably no long term solution available, public has become wary of American corporate world. It appears that every other day, a large organization makes headlines for fraudulent actions. What is even more ironic is that these unethical practices have mostly involved large accounting firms: organizations that are created with the sole purpose of providing honest third-part services. The major accountancy organizations that have been found involved in ethical crisis included Arthur Andersen, KPMG, Price Waterhouse Coopers and others (Royal Bank of Scotland). In addition to these ââ¬Å"in May 2002, Myrill Lynch was fined $100 million for over rating various stocks of blue chip companies and apologized for doing so in N. Y district courtâ⬠(Royal Bank of Scotland). Furthermore, ââ¬Å"many of the analysts of investment/Merchant Banks hype stock prices and profit forecasts of companies with whom they do business withâ⬠(Royal Bank of Scotland). Apart from accounting errors, there are other illegal and unethical practices that companies have been consistently resorted to. Unethical activities like ââ¬Å"dumping polluted chemical wastes into rivers, insider trading on Wall Street, overcharging the government for Medicaid services, and institutions like Stanford University inappropriately using taxpayer money to buy a yacht or to enlarge their Presidentââ¬â¢s bed in his home as morally wrongâ⬠(Ronald: 505) are the bane of business today. Nonetheless, such unethical practices are undertaken every other day with little or no regard for the well being of people. Sense of social responsibility is thus missing from our mighty corporate world today. Two important cases in this regard are as follows: Allegheny Bottling is one of the Pepsi-Cola Bottling franchises, which came under severe criticism when it was found guilty of price-fixing. It is a common practice which is nonetheless unethical (Ronald: 505). The case went to federal courts where it was decided that since ever senior executive knew of the price fixing practice and did not report it, they were all partners in crime. The court then ordered three years in prison for the entire senior management, some of whom were not directly involved but knew of the plan and chose to remain silent. The firm was also fined 1 million dollars as fine but the problem with the sentence was that a firm cannot be imprisoned under the Constitutional Law and thus what the federal court ordered was not applicable in practice. (Ronald: 505). Another such case that underscores the need for better practices and more ethically sound business code concerned Harris Corporations. This firm had incurred huge losses, amounting to more than $500,000 when they were heavily fined for their fraudulent practices. But instead of pleading not guilty or contesting, the firm quickly and calmly ââ¬Å"pleaded no contest to charges that it participated in a kickback scheme involving a defense department loan to the Philippinesâ⬠(Ronald: 506). This was an irresponsible strategy to cover up unethical practices of the firm and the CEO explained it later in these terms: ââ¬Å"The firm and its employees were not guilty of criminal conduct; top managers pleaded no contest because the costs associated with litigation would have been greater than the fines, and litigation would have diverted management attention from firm operationsâ⬠(Ronald: 507). You read "Business Practices" in category "Essay examples" Both the aforementioned cases reflect the loopholes and the weakening moral and ethical values in the corporate world. Nonetheless, the former case pertaining to the unethical practices of the Pepsi-cola franchise reveals that there are various firms that though realizing, knowingly commit crimes and conform to illegal and unethical practices. However, in the latter case, the management as well as the executives performed an unethical act, which they were ignorant of due to vague laws. Consequently, the above discussion reveals that one of the major motivations behind performing illegal acts is the reward that is offered by the executives or the employers themselves to induce unethical behavior for personal gains in terms of huge profits by illegal means. It has been observed that executives who offer bribes to other parties involved in business dealings are rewarded for transgressing code of ethics and many a times righteous individuals are scared to let the cat out of the bag, fearing the dire consequences that might place their jobs in danger. Therefore, another apparent reason of unethical behavior in the workplaces that promotes illegal practices is the fact that employees at all levels are either directly or indirectly rewarded for unethical acts or harshly abandoned by the materialistic world for going against the norm of practicing evils. Another reason as explained by Jansen and Von Glinow through their exhaustive study is that encouraging ââ¬Å"counternormsâ⬠in an organization is also a form of promoting unethical standards in a company in order to save the firmââ¬â¢s name or to avoid charges. These experts believe that ââ¬Å"within organizations, it is often considered not only acceptable but desirable, to be much more secretive and deceitful. The practice of stonewalling, willingly hiding relevant information is quite common. One reason for this is that organizations may actually punish those who are too open and honestâ⬠(Ronald: 505). There are innumerable examples and real-life situations wherein employees were offered special incentives and bonuses as well as other monetary benefits for deliberately not disclosing the actual picture thereby hiding the true story. B. F. Goodrich is one of the employers utilizing such filthy strategies to gain acceptance and to enhance the international reputation. He offered great monetary gains to all his employees who provided him with and generated pseudo figures, with the help of which, he managed to receive a certificate for high ââ¬Å"quality aircraft brakesâ⬠(Ronald: 509). In addition to the above, Metropolitan Edison also bribed their employees and compelled them to keep all the necessary and relevant details pertaining to the Three Mile Island endoplasmic mishap from the governmental agencies and other investigation firms (Ronald: 511). Thus the cases mentioned above lucidly prove the experts view that organizations advocate ââ¬Å"counternorms of secrecy and deceitfulness. Because these practices are commonly rewarded and accepted suggests that organizations may be operating within a world that dictates its own set of accepted rules. This reasoning suggests a second answer to the question of why organizations knowingly act unethically namely, because managerial values exist that undermine integrityâ⬠(Ronald: 512). We all know by now that ethical problems exist in firms and when it is not in the form of major unethical practices like accounting fraud, monopolistic strategies or price-fixing issues, they can exist in the form of small white lies. While they may not be intended to harm anyone, but they certainly mislead the public thus creating a huge gap between actual reality and projected reality. And what is really disturbing is the fact that while some unethical practiced are condemned by law, there are others for which no legal respite is available. False advertising is one such issue. False advertising is certainly an ethical issue, which cannot be controlled through legal action. This is because while there are certain trade laws, which prohibit misrepresentation, advertising firms and their clients can always invoke First Amendment in order to retain their right of freedom of speech. But it is the ethical duty of the companies to present their commodities in the positive light without completely altering the reality. There are different ways in which advertising can deceive the viewers and potential customers. The one important method often used by most advertisers is the misrepresentation method where products are made to appear better than they really are. While we cannot do anything about instilling a sense of ethical responsibility in these people, it is still important for the customers and viewers to ignore useless and senseless advertisement. The Editor of The World I (1996) writes, ââ¬Å"The Supreme Court has held that advertising, at least much of it, is protected by the First Amendmentââ¬â¢s freedom of speech provisions. Thus, advertising is an important and protected form of speech, similar to journalism or statements of political opinion. So, rather than reject advertising outright, we need to learn how to discern the acceptable and useful from the unacceptable and worthless. Besides, everyone actually does accept and use advertisingââ¬ânamely that which promotes products or services or causes that one favors. â⬠For this reason, while we may not always be able to control unethical problems concerning the business world, we must realize that it is the responsibility of companies to ensure that ethical violations are avoided at all costs. Firm must introduce the codes of ethics and make them suitable according to the nature of the job. These rules and regulations must envelope ââ¬Å"relations with government organizations, relations with customers and suppliers and employee conflicts of interest, honesty, etc. â⬠(Creating an ethical organization). It is also recommended that the organizations ââ¬Å"provide general principles and detailed guidelines, including policies related to violationsâ⬠and must make sure not to ââ¬Å"overload people with unnecessary informationâ⬠for that might result in the loss of interest and extreme agitation of the entire notion. Moreover, executives as well as managers are advised to enforce the code with proper training and effective communication. How to cite Business Practices, Essay examples
Friday, December 6, 2019
Understand Real Defence Regarding The Same ââ¬Myassignmenthelp.Com
Question: Discuss About The Understand Real Defence Regarding The Same? Answer: Introduction: The two phrases directing mind and will and piercing corporate veil are related to each other as both the terms are using for identifying the separate legal entity of the company. Sometimes it has been observed that the directors of the company are misusing their power and made an excuse regarding the companys structure. This report will discuss about the two topics to understand the real defence regarding the same. Directing mind and will: It is a no doubt to state that a company is a separate legal entity that is proved in the case of Salomon v. Salomon. It has been held that a company should not be held liable for the acts of any of its employee. However, this is also true that the company cannot perform its work by itself or without the help of the others. The case related to directing mind and the conception was developed in the year 1944 in the case of DPP v Kent and Sussex Contractors Ltd, where the court was pleased to observe that the company can be held liable for any illegal act as all the acts of the company is regulated by the directors who have the knowledge regarding the outcome of it (Lipsitt 2013). It was held in Lennards Carrying Co. Ltd v Asiatic Petroleum Co. Ltd, it was held that the Board of Directors of the company are the persons who are involving in the action relating to the directing mind and will (De Wet 2017). There are certain acts that are not written under the constitution of the company but are related integrally to the functioning of the company. These actions are regulated by the board of directors and if there is any breach occurred regarding the same, the company will be held liable under the version of directing mind and will as held in Tesco Supermarket v Nattrass (1971) UKHL 1. Piercing the corporate veil: It is a well known principle of law that a company is a separate legal entity and therefore, for any kind of liability, the company cannot be held liable. It standardise the rights and liabilities of a corporation. In case of the common law country, there is leaning mentality regarding the corporate veil observed. However, in certain circumstances, these rules are pierced (Yadav 2017). Suppose a company was held liable for certain fraud cases. When the affected party sue the company as a whole, they will held the company liable for the same. It is a fact that the company cannot perform their job alone and the directors and other shareholders of the company regulating the company. When the company is getting registered, a veil regarding the separate liability cropped up. When certain allegation made against the company, it will be the duty of the court to analyse the matter and replace the main culprit of the case by lifting the corporate veil (Flint 2016). In Gilford Motor Co. Ltd v Horne, it has been observed that the corporate veil of the corporation can be uplifted where it is required regarding the appropriate cases. Conclusion: Therefore, from the case, it has been held that the principle regarding the separate entity of the company can be upheld in certain situation. The main objective of this report is to find out the grounds where the director of the company shall be held liable for any illegal acts. Reference: De Wet, M., 2017. Directing'The Absolute': towards destabilising the victim/perpetrator binary in Sam Shepard's A lie of the mind (1985) (Doctoral dissertation, University of Pretoria). Flint, D., 2016. Incentives, Employers, and the Corporate Veil: Should Domestic Corporations Be More Accountable for the Actions of Their Overseas Subsidiaries?. Ariz. St. LJ, 48, p.833. Lipsitt, L.P., 2013. impression of outside objects, whether agreeable or offensive; but the mind, possessed of a self-directing power, may turn its attention to whatever it thinks proper. It should, therefore, be employed in the most useful pursuits, not barely in contemplation but in such contemplation as may. Early Influences Shaping The Individual, 161, p.207. Yadav, P.K., 2017. Lifting of Corporate Veil.
Subscribe to:
Posts (Atom)