LEGAL AND WILLS

NZ Truth, Issue 1127, 7 July 1927, Page 18

LEGAL AND WILLS

Q.: (1) Two men buy a business for £350, the true value;, and at once ".incorporate as V a private company with a fully paid-up. capital' of £iLOOO. If the company goes into .liquidation,, are the directors personally liable to account for the difference between; the true and the nominal value? (2) If; onei directpr. personally, carries on the business and there is a shortage, of trust funds, is another • director liable^ .he taking no active part m the business? — ''Arixious' ? <Dunedin).; : i . A.: (1) There is ho such liability(2) No; The rule. isi that the director is ( not liable ; where he did riot; know of the breach of trust before or\at its occurrence and <3id not: expressly or. tacitly concur m its continuance. ; .; Ql: I have erected,.' fences on ground that I leased. Can I remoye the fence at the expiration of the lease ?-^-"Wire" XMatiere). . , : ;'..' / f'-"-- '■ " : - : -;. . "\ v ''.'■ A.: No. , The fences, are fixtures and go with; the land. ; : •.-•'■■'.:• ; , r ;

Q. : My wife, while on the premises of a dertain firm, had her coat burnt by an exposed electric radiator, standing near the counter. Is the occupier of the shop liable for ithe damage caused? -^'N.s.W. l! XWellihgton).. < ;'\ ; : A.: Tes, there iis; a duty on the occupier of premises to protect persons there by. express or implied invitation from such dangers," ; ;Q. : ; How can T adopt a different name and what would the! cost be?—"Maurice"^ (Featherston). ; .. ';.'.. •A.-:.:vThe procedure is to file a deed m -the' Supreme Court. The : cost should not exceed £10. . > :<jl.: ' My wife' and I separated by niu- ; tual arrangemeht. A/ formal agree- | merit was drawn up eight months later. I From which date would the period of separation necessary to obtain a' ■divorce commence to run?— -"Rex" ('Wellington);- : ' ' ■;■'.." ■:.';•' A.: From the date of Actual s&para■tion.^. -: ■;■■"■ ■',-,-• ■■-■-.::.■■.■ v ■■■ ,