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Law and Legal,Law,Legal,Attorney,Attorney GeneralSatrom Travel has been serving to people expertise the world since 1978. Company law sprang from the law of trusts, on the principle of separating ownership of property and control. 183 The law of the modern company began with the Joint Stock Companies Act 1856 , passed in the United Kingdom, which provided investors with a simple registration procedure to gain limited liability under the separate legal personality of the corporation.

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The life of the law has not been logic; it has been experience. The felt necessities of the time, the prevalent moral and political theories, intuitions of public policy, avowed or unconscious, even the prejudices which judges share with their fellow men, have had a good deal more to do than the syllogism in determining the rules by which men should be governed. The law embodies the story of a nation’s development through many centuries, and it cannot be dealt with as if it contained only the axioms and corollaries of a book of mathematics.

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