Insurance a Practical Exposition for the Student And Business Man
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In our eReader you can find the full English version of the book. Read Insurance a Practical Exposition for the Student And Business Man Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Insurance a Practical Exposition for the Student And Business Man
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AMALGAMATION This term is properly applied where the assets and liabilities of two or more companies are merged together for the purpose of constituting a combined and homogeneous institution, and where the separate titles of the offices may be associated, or fused into some substituted title expressive of the unified and organic body. It would extend beyond the limits and purpose of this book to enter into the details of arrangement with respect to the adjust- ment of the capitals of the amalg...amating companies or of their resources generally. The object to be secured in the transaction is an equalization of the position, risks, and benefits of each company involved, which is frequently a process of a delicate and difficult nature. Assuming that two companies amalgamate, the combined capitals are liable thenceforth for the united liabilities, and their respective paid-up and uncalled amounts will demand proportionate adjustment. If, for example, Company A possess a business and a paid-up and uncalled capital considerably smaller than the obligations and capital of Company B with which an amalgamation is arranged, it would be unjust that the lesser capital should be jointly responsible with that of B for the more expanded liabilities of the latter, and hence the need of some prior reassessment upon 19 (1555) 288 INSURANCE that point.
What to read after Insurance a Practical Exposition for the Student And Business Man?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Emley Young to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
AMALGAMATION This term is properly applied where the assets and liabilities of two or more companies are merged together for the purpose of constituting a combined and homogeneous institution, and where the separate titles of the offices may be associated, or fused into some substituted title expressive of the unified and organic body. It would extend beyond the limits and purpose of this book to enter into the details of arrangement with respect to the adjust- ment of the capitals of the amalg...amating companies or of their resources generally. The object to be secured in the transaction is an equalization of the position, risks, and benefits of each company involved, which is frequently a process of a delicate and difficult nature. Assuming that two companies amalgamate, the combined capitals are liable thenceforth for the united liabilities, and their respective paid-up and uncalled amounts will demand proportionate adjustment. If, for example, Company A possess a business and a paid-up and uncalled capital considerably smaller than the obligations and capital of Company B with which an amalgamation is arranged, it would be unjust that the lesser capital should be jointly responsible with that of B for the more expanded liabilities of the latter, and hence the need of some prior reassessment upon 19 (1555) 288 INSURANCE that point.
What to read after Insurance a Practical Exposition for the Student And Business Man?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Emley Young to read onlineMoreLess
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