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Essay / Research Paper Abstract
This 16 page paper considers the difference between these three forms of financing, looking at their structure, the legal implications (Under UK Law), and their advantages and disadvantages of each of these forms of borrowing. The bibliography cites 10 sources.
Page Count:
16 pages (~225 words per page)
File: TS14_TEloanhp.rtf
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Unformatted sample text from the term paper:
to invest or gain more facilities than they have the capital sum to affords this will mean that some form of borrowing will need to take place. This may be
due to the need to increase capital assets, or it may be as a result of a desire and an opportunity where it is foreseen that the money borrowed will
be smaller than the income that its use will return, directly or indirectly. These different companies will be in different situations, and as a result there are many different
options that can be used to prove the company with the resources in needs. In the case provided by the student there are three main options, borrowing from the bank
in the form of a loan, leasing and hire purchase agreements. To consider these we will look at each in turn, consider the structure of the option as well as
the advantages and disadvantages of each option. In each case the funds are projected at being used to purchase computers. The company; Brands Ltd needs computers immediately for the business.
However as the capital is not available, the first aspect we need to consider is the companys constitution. When a companys incorporated there will be a registration of the articles
and memorandum of incorporation. Any special provision will be in this document. However, where the document is silent and there are no express permissions there is an implied power of
the company to borrow. Here it is worth remembering that a company is seen as a legal entity, and as such can borrow in its own name. It is also
worth noting that a public company cannot borrow until the issue of the certificate to commence business. If a company has an express power to borrow in the memorandum, there
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