By Zhang Xiaoyang
This ebook bargains transparent and entire assurance of civil legislation in China because it relates to company. It takes a realistic process and is heavy on examples which are in accordance with genuine felony instances that experience happened in China. utilizing those examples, the writer illustrates how civil legislations performs out in real-life situations.
company humans, scholars and students will all gain vastly from this booklet. Readers should be repaid with an knowing of civil legislations that might cause them to more proficient in any attention of commercial in China and in any company dealing there. they'll additionally achieve a fuller photograph of China s financial structures (particularly its estate system), the explanation at the back of those platforms, and the coverage orientations that may steer their destiny improvement.
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Additional resources for Chinese Civil Law for Business
Last month, Dr Li told Mrs Wang that he was a 10% shareholder in a promising pharmaceutical company, and willing to sell her a part of his stake in the company for RMB 1 million. This price was much higher than the market value of the shares. Mrs Wang agreed. Shortly thereafter, the value of the shares dropped sharply, so Mrs Wang suffered a huge loss. ’ Is this a reasonable view? 2 Huang is the founder of a company, ABC. He is a shareholder of ABC, holding a 70% stake in the company. ABC and Huang have entered into an employment contract, according to which Huang is paid a monthly salary for his service as the company’s chief executive officer.
If Betty refuses to repay Alan on the ground that he never lent her such money, she is exercising her right of denial, but not her right of defence, because she does not accept Alan’s claim that she owes him money. However, if Betty argues that she was supposed to repay Alan RMB 18,000 (rather than RMB 20,000), she is exercising her right of defence since she admits she owes Alan some money, but disputes the amount. Here is an example that covers the various rights discussed above. Great Land has its own plants and the patents for its products.
The subject matter with respect to the creditor’s right of claim is in the debtor’s possession. The objective sought after by the creditor cannot be achieved by exercising such right of claim if the debtor does not favourably respond to his claim. When this happens, taking court action will be an option for the creditor. Sometimes it may not be easy to distinguish between the right of claim and the right of dominion. Say T finished writing a novel last month. What kind of right does T have over this novel: the right of claim or the right of dominion?