SOSC 2330 Lecture Notes - Lecture 5: Southern Pacific Transportation Company
30 May 2015
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The corporate form and the concentration of wealth and power. Nb: the following lecture notes do not contain all of the information from in-class slides. For full notes be sure to attend lecture on a weekly basis. From the canada corporations act: a corporation is a legal entity that can sue or be sued or hold property in its own name. A corporation provides a permanent structure through which individual persons or other corporations can act together for a common purpose generally without incurring personal liability for the corporation"s debts and obligations. http://www. ic. gc. ca/eic/site/cd-dgc. nsf/eng/cs02167. html. Besides pioneering the use of joint-stock capital and limited liability, the east. India company is historically significant because, quite simply, it was the most powerful corporation that has ever existed. The king is dependent upon periodic loans from the company. Parliament owns stock in it, and a tax on its tea constitutes 10 percent of the government"s revenues.
