Tuesday, December 31, 2019

Social Commentary on Love and Marriage in Pride and...

Pride and Prejudice Love and Marriage Jane Austen shows the readers within the first sentence what the plot and main theme of Pride and Prejudice is and what social ideas she plans on presenting through this novel. The first sentence of Pride and Prejudice stands as one of the most famous introductory lines in literature. It states, â€Å"it is a truth universally acknowledged, that a single man in possession of a good fortune must be in want of a wife† (Austen 5). This statement puts the novel in motion by showing that the novel will deal with the pursuit of single wealthy men by various female characters. By stating this, Austen reveals that the reverse is also true in the nineteenth century English society, which is that single women of†¦show more content†¦Their limited education consisted of needlework, fine handwriting, singing, dancing, playing piano, and reading (3). Marriage at this time was the only thing that could give a woman any sense of security. If their fathers were to die, it was custom that only the eldest son could inherit the money and property. Unfortunately, if the family did not have a male son the land would be given to the closet male relative, which left the women in a very delicate position. Austen show’s readers this aspect of her society by having the Bennet sisters in the same situation. Without a male sibling their land and home will be entailed to a Mr. Collins. If Mr. Bennet were to die, his five daughters and his wife would be left homeless or at the charity of others because Mr. Collins would not have it in his heart to let them reside in the house with him. Their only way to escape this fate would be to get married. However, there was many obstacles that middle class young women had to deal with that kept young suitors uninterested. One was their social station. The society of this time was so stratified that even one class could be broken down into more distinctions of rank (2). The people did not often marry outside of their social rank, which left middle class women with middle class men. Unfortunately, money also played a big part in the determination of whetherShow MoreRelatedComparison Of Jane Eyre And Pride And Prejudice 2081 Words   |  9 Pages10/30/2017 Compare and Contrast the Social Caste System and Personal Ideations in the books â€Å"Jane Eyre† by Emily Bronte and â€Å"Pride and Prejudice† by Jane Austin Two names that ran the gauntlet of 19th century romance and changed the way on how it was written and depicted forever. These two history changing authors names were Jane Austen and Emily Bronte. Two well-known novels of the 19th century (â€Å"Jane Eyre† by Emily Bronte and â€Å"Pride and Prejudice† by Jane Austin) both have similarities, but alsoRead MoreJane Austen s Pride And Prejudice Essay1756 Words   |  8 Pages Jane Austen’s novels have inspired many into creating sequels, prequels, retellings, and spin-offs, and then in turn producing TV shows, films, etc. She is an â€Å"innovator who has trimmed away the flab of form†¦ to cause verbiage in others† (Lynch, â€Å"Sequels† 160). Austen is best known for her merit in writing social commentary to bridge the gap between romance and realism. This essay will use Lost in Austen, an adaptation of Austen’s Pride and Prejudice, in order to address both radical and conservativeRead Mor eMarketing Mistakes and Successes175322 Words   |  702 PagesHarley-Davidson, Maytag, DaimlerChrysler, Firestone/Ford, Dell, Hewlett-Packard, Nike, Coke/Pepsi, Starbucks, McDonald’s Customer Relations Newell Rubbermaid, Vanguard, Maytag, Harley, Merck, Firestone/Ford, Starbucks, United Way, Nike, MetLife Social and Ethical Starbucks, Merck, Firestone/Ford, United Way, MetLife Outsourcing Boeing/Airbus, Maytag, Nike, Dell Preface †¢ v TARGETED COURSES As a supplemental text, this book can be used in a variety of undergraduate and graduateRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesManagement Skills 8 †¢ Effective versus Successful Managerial Activities 8 †¢ A Review of the Manager’s Job 9 Enter Organizational Behavior 10 Complementing Intuition with Systematic Study 11 Disciplines That Contribute to the OB Field 13 Psychology 14 †¢ Social Psychology 14 †¢ Sociology 14 †¢ Anthropology 14 There Are Few Absolutes in OB 14 Challenges and Opportunities for OB 15 Responding to Economic Pressures 15 †¢ Responding to Globalization 16 †¢ Managing Workforce Diversity 18 †¢ Improving Customer Service

Sunday, December 22, 2019

The Effects Of Exposure On Persons With Social Anxiety...

Finally, a summary of meta-analytic reports by Rodebaugh, Holaway, Heimberg (2004) had a notable post- treatment effect in persons with social anxiety disorder: with effects ranging from moderate to large. These effects were larger in within-group interventions than in waiting-list interventions, and follow up studies done up to 12 months after treatment showed a retention of these effects. Generally, the use of cognitive restructuring and exposure was shown to have better results than the use of other interventions, and their combinations with cognitive restructuring. However, Rodebaugh reported that this difference was insignificant, with the insignificance being attributed to a small number of existing comparisons. In addition, the use of exposure alone and a combination of exposure and cognitive restructuring yielded similar results. Basing this observation, and on the findings from other interventions, it seems that exposure to stressors yields the best results. However, it is not clear whether such benefits are obtained from within- session exposure or from homework exposure. By conducting an empirical review on previously published findings, the researcher intends to find out whether the currently used methods are effective, and possibly introduce a new concept/ argument to the current existing discussion. Analysis of Methodology This empirical review focused on four English-language articles, which contained literature on the effectiveness of using cognitiveShow MoreRelatedEssay on Social Phobia Disorder1149 Words   |  5 PagesSocial Phobia Social phobia is a kind of disorder, which involves fear regarding societal situations and accomplishable destructive criticism. Social phobia is the greatest general psychiatric problem in epidemiological examination, with estimation of life time occurrence in western circle as more as 16%. Common phobia generally come out in adolescence and is associated with deep distress, destruction and comorbid problem. Females in clinical trials are higher possible than males to social anxietyRead MoreEssay on Social Anxiety Disorder (SAD)1308 Words   |  6 PagesSocial anxiety disorder (social phobia) can be described as an extreme, persistent fear of being scrutinized or judged by others in social situations. This fear may lead to feelings of embarrassment, humiliation and self-consciousness. People who suffer from this condition may â€Å"feel powerless against their anxiety† (ADAA). These emotions often interfere with daily activities, such as school, work and personal relationsh ips. The person might begin to withdraw socially or avoid situations in whichRead MoreWhy Psychology Is The Anxiety Disorder Essay1205 Words   |  5 PagesWhen most people think of psychology they think of therapists and psychological disorders but it’s not, Psychology is much more. Psychology is a rigorous science that’s based on methodical observation and laboratory studies. Which also includes the knowledge in various fields, including problems of treatment of mental illnesses. The four main Psychological concepts that applies to the life of a TV/ Radio Host is Anxiety, Stress, Burnout and Coping. In today’s age of technology there are several avenuesRead MoreSocial Anxiety : A Mental Health Problem1636 Words   |  7 Pages Have you ever felt like you are overly nervous in social situations? Well if so, then you might have a mental disorder called social anxiety. Social anxiety could almost be a thing of the past unless a person chooses not to get treat ment for it. There are many different treatments and skills to help reduce social anxiety by a ton. Social anxiety should not stop anybody from doing the things they love. So many other people have this disorder and do not want to get help because they do not want toRead MoreSocial Anxiety Disorder And Social Depression1147 Words   |  5 PagesMay 29, 2013 Social Anxiety Disorder One of the most common mental disorders in the United States that goes unseen is social anxiety disorder, also known as social phobia. Many times parents tend to mistake it for pure shyness. If gone uncured it may cause children, young adults, and adults to not be able to participate in social activities. Even though there is a great diversity in all people when it comes to their personalities the quitter people tend to develop social anxiety due to how societyRead MoreThe Darcy Is A Man Of Good Standing1514 Words   |  7 Pagesopinion and implicit trust in Mr. Darcy, which many believe says much about Mr. Darcy’s true character (Austen, 2006). Darcy is perfectly comfortable when at home at Pemberley or with people he knows and loves, but his temperament in social settings shows a whole different person. Mr. Darcy joined Mr. Bingley and his two sisters in Meryton. It is here that he began to become more aware and uncomfortable with how he presents himself in public. His reputation among those who do not know him well is very differentRead MorePanic Disorder And Anxiety Disorder1674 Words   |  7 PagesAccording to Torpy (2011), Panic Disorder refers to an overwhelming fear, terror, or fright that is usually referred to as panic, one that happens to an individual several times in his or her life. She goes on to describe panic as a situation that is short-lived and frequently related to a terrifying event that happens in an individual’s life. The purpose of this paper, therefore, is to provide a detailed discussion that shows a definitive picture of panic disorder. In order to enhance one’s understandingRead MoreResearch Based Interventions Paper1727 Words   |  7 PagesIntervention on Post- Traumatic Stress Disorder Erica Mariscal Vigil PSYCH 650 Dr. Harry Beaman 05/25/15 Research- Based Intervention on Post- Traumatic Stress Disorder According to Butcher, Mineka, and Hooley (2013), Post-Traumatic Stress Disorder (PTSD), is a â€Å"disorder that occurs following an extreme traumatic event, in which a person re-experiences the event, avoids reminders of the trauma, and exhibits persistent increased arousal†. An example may be, a person who observed or experienced somethingRead MoreSocial Anxiety Disorder ( Adhd )1189 Words   |  5 Pages Social Anxiety Disorder Aloof, shy and interested are just some of the words to describe how some people perceive someone with social anxiety disorder. Approximately seven percent of adults in the United States deal with it. 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Saturday, December 14, 2019

The Millers Prologue And Tale Analysis English Literature Essay Free Essays

Geoffrey Chaucer was a mediaeval author and regarded as the greatest of Middle English authors. Born in London, Chaucer was the boy of a affluent merchandiser who sent him to be trained at a baronial family. There he was educated and began to take journeys along with the male monarch for concern. We will write a custom essay sample on The Millers Prologue And Tale Analysis English Literature Essay or any similar topic only for you Order Now Chaucer was a really busy man of affairs, and in his trim clip he would compose. He wrote The Canterbury Tales, during the fourteenth-century, a fabliau, which was about a group of people stating their narratives on a pilgrim’s journey to the Canterbury Cathedral. The Miller ‘s tale mirrors today ‘s stand-up comedy modus operandis as evident in the Miller ‘s usage of timing, sarcasm, and personal narratives to state his narrative. † A TheA Millers Tale started by speech production of John, a carpenter, and an older gentleman, and his immature married woman, Alison, an 18 twelvemonth old adolescent. He loved her more than he loved himself. John was described as being covetous, because of her age, thereby maintaining her caged. In actuality, he was good hearted and really naA?ve. He was a typical older adult male that merely wanted to work hard and love his married woman. Alison was described as â€Å" wild and immature, with a slender, graceful organic structure † . Today there are older work forces that marry younger adult females, but normally non at such a immature age. John loved his married woman more than himself and most work forces today, who are attracted to immature adult females, are really in love and naA?ve every bit good. Alison was in love with a immature adult male that happened to be her and her hubby ‘s roomie. She was n’t in love with John, yet she knew that he would make anyt hing for her. At such a immature age, it sounds like she wanted what adult females in today ‘s society, would name a â€Å" sugar dada † , person to give her nutrient, shelter, money and demo her echt love. Nicholas was a clerk, and he was besides John and Alison ‘s roomie. He was immature, wild and a con-artist. He was besides, in love with Alison. Although he ne’er truly described her as did the other characters, the Miller made it evident of his fondness for her. His function in today ‘s society could be compared to a wild college pupil at an Ivy League university. He did n’t mind a challenge and finally played the biggest function in the Tale because he plotted a fast one in order to pass clip with the adult female that he loved. He could read people good because he conjured up a program that worked ab initio, to flim-flam John so that he could pass the dark with Alison. He pretended that something was incorrect with him and being naA?ve, John believed him. He spoke about a major inundation and had John hanging bathing tubs. They all got in the bath until John had fallen asleep in the bath, so Alison and Nicholas snuck off to be together. While I do nâ€⠄¢t cognize anyone in today ‘s society that would travel this far, the play with Nicholas and Alison reminded me of a daytime soap opera sing they would crouch so low as to do up this narrative, and prosecute sexual brushs in Alison ‘s hubbies sleeping room. The last character in the narrative, Absolom, was besides a clerk and in love with Alison. Absolom was â€Å" reasonably and homosexual † , and day-dreamed about Alison. He described her as â€Å" spare, and so sweetly lecherous † . Like John, he was infatuated by Alison. Alison mentioned that â€Å" Absolom is populating in a bubble. He has nil but a laugh for all his problem. † It appeared that he did n’t hold a hint about adult females and had ne’er dated before, but was happy merely being allowed to talk to Alison and lavish her with vocals, money and gifts. Today, there are many immature work forces like Absolom, who in secret loves a beautiful adult female but think they have no existent opportunity on holding her so, settle on woolgathering alternatively. The sarcasm of this character is that he was so clueless that he ended up blowing the screen of Nicholas and Alison ‘s love matter by firing Nicholas ‘s butt. I would state that things like this as it relates to today ‘s society, happens when there is a sloppy deceiver, sloppy things come to visible radiation! Although there was no moral to the narrative, throughout the narrative, each character could be compared to in some facet, with people in today ‘s society. I believe the writer ran across aliens during his travel, and to maintain himself entertained, found ways to compose about these different people and utilize it for his ain ego pleasance. Possibly his occupation was so serious that he had to do visible radiation of any given state of affairs. The writer could hold really good encountered most of these people throughout his life. We will ne’er cognize what his logical thinking was, but it ‘s astonishing to see that people today are still like they were in some facet to the people in the in-between ages. The writer used timing, sarcasm, and personal narratives to maintain people interested, yet it is so closely related to today ‘s society. How to cite The Millers Prologue And Tale Analysis English Literature Essay, Essay examples

Friday, December 6, 2019

Commercial and Company Law

Questions: 1. Denise and Freda operate a busy caf in Melbournes inner east. They have been running the business together for 5 years and share profits equally. As the years progress, Denise and Freda notice that they do not have enough working capital to keep the caf running. Denise and Freda need to raise additional funds. Also, due to the slippery floors, there have been some customers that keep falling over and breaking their legs. Denise is really concerned about the liability for Denise and Freda. Denise and Freda are approached by Bruno who makes the best cakes in Melbourne. Bruno wants to work with Denise and Freda in the caf as the head pastry chef. Denise and Freda believe that if Bruno worked at the caf then his expertise in cake making will bring in more business for the caf. Denise and Freda come to visit your office and ask your legal advice to: a. What type of legal business structure is Denise and Freda currently operating? Provides reasons. b.Whether their current business structure is the most suitable for the caf or whether they should consider another form of business structure, and, if so, which one? 2. The board of The Best Coffee Ltd (TBC Ltd), a large coffee bean company listed on the Australian Stock Exchange, comprised of four directors, three of whom are executive directors and one of whom is a non-executive director: Brendan is the managing director of TBC Ltd. He has been on the board of TBC Ltd for several years. Stephen is a chartered accountant and is the Chief Financial Officer at TBC Ltd and is an executive director of TBC Ltd. David is an executive director of the board who has substantial experience in the coffee bean industry. Jane is a non-executive director who barely attends board meetings and is a hairdresser. The board of TBC Ltd has recently entered into a number of investments, including a new coffee bean factory, and some investments which have been losing large sums of money. At a board meeting in March 2016, the board considered the companys financial statements relating to the loss making investments. The financial statements were negligently prepared and showed a profit instead of a loss. These financial statements were prepared by Stephen. During the board meeting, Stephen failed to tell the directors about the loss and David failed to ask any questions about the financial statements, and Jane (as per usual) was absent from the meeting. Due to time constraints, Brendan failed to read the financial statements, believing that Stephen would discuss the statements with him if there were any important matters that required his attention. The board of directors do not identify the mistake and authorise further investment in the loss making business ventures. By May 2016, TBC Ltd is insolvent. Discuss any liability of the directors of Alex Ltd in relation to these events. What are the consequences, if any of a breach of the Corporations Act? Refer to relevant legislative provisions and case law in your answer. 3. Rick purchased two shares in Shoes R Us Pty Ltd for $50,000. Shoes R Us Pty Ltd makes and builds customised shoes which they manufacture and sell to retail stores. Rick, now a non-executive director of Shoes R Us, is unhappy with the state of affairs of the company. The following occurred: Shoes R Us Pty Ltd revenue has increased 300% Rick has received no dividends to date and Rachel and Tanya, the two executive directors of Shoes R Us Pty Ltd, have decided to pay no dividends this year. Rachel and Tanya have voted themselves a large pay rise and bonus. Rachel and Tanya have arranged for Shoes R Us Pty Ltd, to lease two expensive cars for their exclusive use. Rick attends his first directors meeting and questions the dividend policy and asks that he objection to the lease of the cars be recorded. Tanya and Rachel decide to remove Rick from the board. They hold a members meeting and remove Rick from the board. Advise Rick as to his rights as a shareholder/member. Answers: (1). a). Demise and Freda operated a busy caf in Melbourne. They have been running the business together for 5 years and have shared the profits of the business equally. In the recent years, they have noted a downfall in their business and have realized they lack in capital for the safe running of their business. Demise was worried about the business capital of his caf and wanted to expand the running business of his caf. Bruno approached Demise and Freda and wanted to work in their caf as the head pastry chef. Demise and Freda believe that if they work with Bruno they might be able to make their business profitable and successful. Based on the facts, the question that arises here is what type of legal business structure does Denise and Freda is currently opening? Before operating a business, it is important for individuals to consider the advantages and disadvantages of the business structures. It is important for people to understand the different kinds of businesses that are operating in Australia and to make use of the best of them. The most common type of business structures are: Company Sole Trader Partnership Trust Denise and Freda are currently operating a partnership firm. In this kind of association, people come together to carry on a business as partners and receive the income from their business jointly[1]. An association of partnership is cheap to set up and easy to operate. In a partnership firm, the management and control of the business is shared between the partners of the firm. The partners are held liable for the debts and obligations of the business. For a business to be executed as partnership business the names of the partners should be registered under the ASIC. It is better to keep a partnership business as formal; however, this may not be necessary[2]. b). A partnership business is when; two or more persons come together with the purpose of, doing business together and to obtain profit out of the given structure. The partners of a given firm have similar goals and they come together to ensure that the aims and objectives of the business are met. In the same way, Denise and Freda are also doing a partnership business. In most cases, a partnership business is considered as the best kind of business and it has the best kind of features that are associated with it. A partnership business is generally of two types, a partners limited by liabilities and a partnership that is not limited by liabilities[3]. A partnership that is limited with liabilities is one of the best kinds of legal business structure[4]. Keeping in mind the current scenario of Denise and Freda, the best kind of business structure that should be followed by them is partnership that is limited by liabilities[5]. A partnership that is limited by liabilities is generally a type of structure wherein the partners come together to conduct a business and have their own personal liability that is restricted to the type of investment they have incurred in their business structure. They are therefore, liable only for the part they have invested their money. Initially, Denise and Freda were a part of a general partnership business where they were equally liable for the management of the business and both of them did not have any restraints as far as the obligations were concerned. A partnership firm that is limited by liability has many advantages over all other kind of business structure, first this kind of liability is capped, meaning that the liabilities of each of the partners are restricted to the amount of they have invest ed in their business. Secondly, none of the partners have any personal liability; they are restrained to the companys liability. A partnership that is limited by liability provides protection to the assets of the shareholders. The shareholders before investing their money have an assurance that their personal assets are safe and secure. Additionally, the benefit of a company that is limited by liability is that there are associated tax benefits. The benefit is that the company as a whole does not have to file taxes; in fact, the partners depending on their liability are liable for the payment of their taxes. The flexibility of a firm that is limited with liability is one of the most defining characteristic of this kind of firm. The partners in this kind of firm have the ability to decide the amount of contribution they want to make as a partner in the business. The partners in the business are under no obligation to attend meetings or consultations. Hence, this is the best kind of b usiness structure that shall be suited for Denise and Fredas business. It will help them in making their business profitable and successful[6]. (2). Issue: The Best Coffee Bean Ltd is a larger coffee bean company and is listed in the Australian Stock Exchange. The Board of Directors consisted of four directors out of which three were executive directors and one of them was a non-executive director. The company had recently entered into a many investments and it was noted that some of the investments have been losing large sums of money. At a board meeting in March 2016, the board considered the companys financial statements relating to the loss making investments. The financial statements of the company were prepared in a very negligent manner and it reported false details of the companys investment. Instead of focusing on the loss of the company, the company proceeded with further investments making more loss, which made the company insolvent. Based on the facts, the issue that arises here is, whether the directors and the chief financial officer were liable for the insolvency of the company or not. Relevant Rules and Legislations: The directors are the people who manage the working of the company in behalf of the shareholders of the company. Section 198 (A) of the Corporations Act states that it is the responsibility of the director to manage and control the general working of the organization. The directors shall be responsible for the carrying out of certain responsibilities and duties. The duties of the directors are contained in the Corporations Act, 2001[7]. The term director has been defined under section 9 of the Corporations Act, 2001. The terms such as de facto director and shadow director is contained in this section. The non- executive directors are considered as good as the other directors of the company[8]. The non-executive directors of the company govern the organization along with the other directors of the company. The executive as well as the non-executive directors of the company have similar requirements that should be met as part of the Corporations Act, 2001[9]. As per the Higgs Review of the United Kingdom non-executive directors mean, Custodians of the governance process. Sections 180 to 183 of the Corporations Act, 2001, deals with the duties of the directors. According to section 180 of the Corporations Act, it is the duty of the director to act with care and diligence concerning the duties of the directors[10]. This means that at the time of discharging their duties the directors should exercise their basic sense of care and diligence. Section 181 of the Corporations Act talks about the director acting in good faith, this means that the director of the company should exercise their duties in such a way that it avoids conflicts of interest between the members of the company. Furthermore, the directors of the company, in case of any conflicts, should be able to manage the conflicts in an efficient and effective way. This is the fiduciary duty of the director that is considered as part of their duty imposed by legislation and general law of the company[11]. Sectio n 182 of the Corporations Act imposes restrictions on the directors for the misuse of their position. The director should not take undue advantage of their position and should not use it for their personal gain or power of interests. It is the duty of the director to use his powers in such a way, which does not cause detriment to the working of the company. It is the duty of the director to use the given information in a proper way and not to use any information for his or her personal advantage or for the detriment to the working of the company[12]. This is enumerated in section 183 of the Corporations Act, 2001. Other than the statutory obligations, that governs the working of the director, the directors are also bound by the Federal or State laws which imposes liability on the directors for the health and occupational safety of the employees or members of the company or laws that are related to the environmental law or taxation law of the given country. The directors of a company have special duties at a time when a company is declared insolvent. Section 588G of the Corporations Act, 2001 imposes obligations on the directors of the company to prevent a company from becoming insolvent. A company is declared as insolvent when the it is unable to pay debts or falls in a situation where there is a likelihood that the company shall not pay its debts. Section 588M of the Corporations Act, 2001 entitles a creditor to hold a director responsible if the company has been declared insolvent due to breach of the duties of the director. In the case of New South Wales in International Greetings UK Ltd v. Stansfield[13], the Court held that when the Company wants to be reinstated then the procedure for the final winding of the company should not have been completed. If the liquidator has completed the process of winding up of the company then the company cannot be registered again. Additionally, the directors of the company also have obligations related to the financial r eporting of the company. The Chartered Accountant of the company prepares the financial reports of the company that is checked by the directors of the company. It is the duty of the director to have appropriate skill, competence for checking that the financial reports of the company is properly stated, and that it does not contain any faulty or wrong statements. Section 295A of the Corporations Act, 2001, deals with the declaration that is given by the CEO and the CFO of the Company. The directors have to ensure that such a declaration does not contain any faulty or wrong statement and that the statements are true with regard to the reports of the company. This is a very essential process in a company as, if a report is wrongly stated that the company might be declared as insolvent[14]. Application: In the given scenario, Brendan, Stephen, David and Jane shall be liable for breach of duty as a director under the Corporations Act. The negligent and the careless attitude of all the directors have led to the insolvency of the company and the creditors and the stakeholders of the company can hold the directors of the company liable for breach of the general duties and breach of their duties concerning the proper reporting of the financial statements of the company. Stephen can be held liable under Section 295A of the Corporations Act, 2001 for preparing the financial reports in a negligent manner. Jane can be held liable under sections 180 to 183 of the Corporations Act, 2001 for not complying with the general duties and not taking interest in the general working of the business TBC. He may also be held liable for the breach of fiduciary duties as a director. Brendan shall also be held liable for breaching his general duties, as he did not recheck the financial statements of the com pany correctly and because of this, the company was declared as insolvent[15]. Conclusion: In case of breach of duties of the directors, the following remedies may be available to the person who suffered loss or damage due to the breach of the duties of the directors; they are as follows: Injunction Damages or compensation Restoration of the property of the company Rescission of contract Accounts of profit[16] Therefore, the creditors may file a suit against the directors of the company for any of the above-mentioned remedies. (3). Issue: Rick has purchased two shares in Shoes R Us Pty Ltd for $50,000. Rick is a non-executive director; however, he is unhappy with the current affairs of the company. Rick has received no dividends this year and Rachael and Tanya have decided that they would not pay the dividends to the shareholders this year. It was noted that Rachael and Tanya were making use of the benefits of the company for their personal use and they were continuously breaching their rights as a director. Based on the facts, the issue that arises here is, whether Rick has any rights as a shareholder against the directors of the company. Relevant Rules and Procedure: Section 1.5.6 of the Corporations Act, 2001, deals with the shares and shareholders of the company[17]. A shareholder of the company has many rights and powers in a company related to the exchange in the company. A shareholder is considered as a part owner of the company. A shareholder is considered as a legal entity of the company. Companies should have at least one shareholder in the company and they have the right to hold up to fifty shares in the company. The general rule is that, because of the investment that a shareholder holds in a company they receive equivalent rights in the company[18]. Generally, many companies have one only one class of share but in Australia a shareholder can hold many other classes of share. A shareholder enjoys the following rights in the company: firstly, the shareholder of the company has voting rights on specific issues such as election of a director or dismissal of the director (sections250E, 254A--254B)[19]. Secondly, shareholders have the right to transfer their ownership to some other person. However, a restriction is imposed in such a situation. The shareholders of the company have the right to receive reports and announcements. The shareholders of the company have the right to receive dividends and other distribution (sections1091D--1091E)[20]. A company is entitled to pay dividend twice a year and shareholdings come with franking credits. Shareholders of the company are entitled to receive dividends from the company. This is a very important right of the shareholder and they are entitled to receive it after it from the company. Part 2F. 1A of the Act has given the right to the shareholders to bring an action against the directors or against the company[21]. Application: In this case, Rick can hold the directors liable for breaching their general duties under sections 180 until 183 of the Act. An action may be brought by the shareholder against the directors for the breach of their duty or the shareholders against the company for claiming the compensation that they are liable to receive may bring an action. In the same way, Rick as a legal shareholder of the company may bring an action against the directors of Shoes R Us Pty Ltd. Additionally, Rick may also file a suit against the director for injunction, compensation or rescission of the shareholders right. Conclusion: The rights and powers of the shareholders of the company are related to the voice they have in the running of the company. However, the rights of the shareholder differ from one company to the other company and depends to the class of shares that each of the shareholders hold. There are related differences depending on the percentage of shares they hold in the company[22]. However, this does not make the shareholders devoid of their rights and in case of oppression; they may make the directors or the company liable for their actions. References: Ball, Jane. "The Interaction Between Company Law and the Law of Succession in England."Company Law and the Law of Succession. Springer International Publishing, 2015. 171-195. Blauberger, Michael, and Rike U. Krmer. "Europeanisation with many unknowns: national company law reforms after Centros."West European Politics37.4 (2014): 786-804. Cavitch, Zolman.Business Trusts. Vol. 2. Business Organizations with Tax Planning, 2015. Ciocca, P. "Notes on firms, banks and company law."PSL Quarterly Review50.200 (2014). Collison, David, et al. "Financialization and company law: A study of the UK Company Law Review."Critical Perspectives on Accounting25.1 (2014): 5-16. Feng, Chuan, Leyton P. Nelson, and Thomas W. Simon. "Commercial and Company Law."Chinas Changing Legal System. Palgrave Macmillan US, 2016. 141-155. 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