The principle of a separate legal entity of a company was recognized in the case of Salomon v. Salomon and Co. Ltd (1897) A.C 22, which stated that a company has a separate existence from its members. 0000001840 00000 n In the UK, two major categories of law apply, Without law, life and business would become a, Laws are required in society to regulate the. A rubber stamp does not serve the purpose. Perumal v. H. John Deavin, A.I.R. 2.A Lawyer who practices law may think of Law as a vocation. Lord Justice Lindley has defined a company as " an association of many persons who contribute money or money's worth to common stock and employ it in some trade or business and who share the profit and loss arising therefrom. It is often considered to be a branch of civil law and deals with issues of both private law and public law. 0 (para. By accepting, you agree to the updated privacy policy. 1960 Mad. The people who got As on my exams last quarter read every word on every page of the textbook before the exam, and made sure they understood every word, or at least thought they did. Abstract Introduction to Company Law provides a conceptual introduction and a clear framework with which to navigate the intricacies of company law. manifestation and consequences of the corporate. Print. Tell them about the computers upstairs in the library and the Open Media lab. 5 Steps to Polish a Boring Company Introduction PPT Slide Step 1: Represent your business with an impressive visual What does your company actually do? Related Categories: Company Introduction | Company Portfolio | Company Profile. (s.26(4)). The actions and objects of the company are limited within the scope of its Memorandum of Association. : Pc`1r9/c7@^Gw&FM_d l~66 NaUJ6R!XknE|BH#,X&b8)-\)5DI? Looks like youve clipped this slide to already. It is created by law, carries on its affairs according to law throughout its life and ultimately is effaced by law. pop quiz, introduction to Law - . In fact, the purposes for which people may wish to associate are multifarious. introduction to law. Its members are its owners however they can be its creditors simultaneously. 3.A legislator may look at law as something Created by him "Enforcement of the law is more important than the law itself." Enforcers determine if the law is applied in a fair and consistent way. A company is a voluntary association for profit. The general purpose of the course is to introduce business law students to the major, business-oriented, legal principles that have an everyday application in due course of operating a business on both ends of a business transaction. learning outcomes. Corporate law (also known as business law or enterprise law or sometimes company law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. Part A Introduction Modern economies undergo significant short-run variations in aggregate output and employment However, fluctuations do not exhibit any simple regular or cyclical pattern Kitchin's 3-year Juglar's 10-year s's 20-year />Kondratiev's 50-year<br/>Some facts<br/>Okun's Law :US<br/>Per. Nowadays, business matters have become more complicated and cannot be discussed at festive gatherings. 752 Main Street, Tewksbury, MA 01876. The principal points of distinction between a company and a partnership firm are as follows: Mayank is an alumnus of the prestigious Faculty of Law, Delhi University. Company introduction PPT with eye-catching elements should catch the audience's attention effectively. (para. All legal proceedings against the company are to be instituted in its name. . Well convert it to an HTML5 slideshow that includes all the media types youve already added: audio, video, music, pictures, animations and transition effects. The distinction between a company and its members is not confined to the rules of privity but permeates the whole law of contract. Given that structure, the book discusses how the law seeks to reduce the costs of using it, whether these are costs for managers, shareholders as a class, non-controlling shareholders, creditors, or employees, identifying the trade-offs involved. 0% 0% found this document not useful, Mark this document as not useful. xref You can download the file in 48 seconds. Company-An Introduction Accounting for Shares and Debentures 246 (d) Foreign company A foreign company is one which is incorporated outside India but has a place of business in India, for example Philips, L.G, etc. # $ % &. Tanzania Human Rights Defenders Coalition [THRDC]. In the leisurely past, merchants took advantage of festive gatherings, to discuss business matters. trailer You might even have a presentation youd like to share with others. The word 'corporation' is derived from the Latin term 'corpus' which means 'body'. Is there anyone who doesnt have regular access to the Internet?. A company, being a creation of law, can only be dissolved as laid down by law. A company is a legal person and entirely distinct from its members, is capable of owning, enjoying and disposing of property in its own name. Slide 1: This is an introductory slide for Company Introduction. Profit is object. Law is the potential tool of social change. [Lalit Surajmal Kanodia v. Office Tiger Database Systems India (P) Ltd., (2006) 129 Com Cases 192 Mad]. Clipping is a handy way to collect important slides you want to go back to later. case law. It is rather a legal device for the attainment of the social and economic end. chapter 6 limitations in seeking judicial relief. These presentation slides are high-definition templates with multiple editable options. Since a corporate body (i.e. Comparative International Law. Case law Other branches of law: Those that directly affect company law Securities Commission Act 1993 (SCA), Securities Industry Act 1983 (SIA), Securities Industry (Central Depositories) Act 1991(SICDA), & Futures Industry Act 1993 (FIA). Now customize the name of a clipboard to store your clips. So. Members, even as a whole, are neither the owners of the company's undertakings nor liable for its debts. Out of 46 students last quarter, 16 got a D or an F on exam 1. Consumer Protection ACT OF THE Philippines in relation to Lemon LAW 1; Notes on PDIC LAW RA 3195 2; Notes ON RA 9184 Government Procurement Reform Act; Notes ON TILA Truth in Lending Act RA 3765 1; Notes on RA 10667 Philippine Competition Act 1; Water refilling station business proposal; Senior 12 Fundamentalsof ABM 2 Q1 M1 for printing Sole proprietorships and partnerships are relatively simple business structures, with the former being owned and operated by a single individual and the latter being owned and operated by two or more individuals. Introduction to Business Law - Jerey F. Beatty 2005-03 This latest addition to the Beatty/Samuelson series of texts is explicitly written from the ground up to address the specic needs of a 1-term business law course. Activate your 30 day free trialto continue reading. Lawfirm is a professionally designed attorney presentation template, designed for high-end professional applications. The word 'Law' is a general term and has different connotations for different people, e.g., 1.A citizen may think of Law as a set of rules which he must obey. A company is not merely a legal institution. When the joint-stock companies were established, the object was that their shares should be capable of being easily transferred, [In Re. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Clipping is a handy way to collect important slides you want to go back to later. PowerShow.com is brought to you byCrystalGraphics, the award-winning developer and market-leading publisher of rich-media enhancement products for presentations. Thus, this concept protects the shareholders from being personally liable for any wrong or obligations of the company. This third edition contains two new chapters: one on liability and enforcement and the other on the social function of corporate law. Law is a system of rules that govern a society, Law systems are often based on ethical or. Where video cassettes were prepared by the workmen of a company showing, their struggle against the company's management, it was held to be not actionable unless shown that the contents of the cassette would be defamatory. In a company, it belongs to the company and not to the individuals who are its members. Im going to show you how to create your user I. Within the limits of powers conferred by the charter, it can do all acts as a natural person may do. Under his leadership, Legal Bites has been researching and developing resources through blogging, educational resources, competitions, and seminars. Professor L.C.B. A company may have any number of members except in the case of a private company which cannot have more than 200 members (excluding past and present employee members). Separate Management. enable companies to function. We've encountered a problem, please try again. Dawson is a Native Hawaiian Organization 8a small business that brings the Spirit of Aloha to our employees As part of the DAWSON Ohana you will be provided a best in class benefits program that strives to ensure our great people have peace of mind regarding health and wellness For more information about DAWSON and our benefits programs please visitwwwdawson8acom JOB TITLE Computer Based . Academia.edu no longer supports Internet Explorer. To sue means to institute legal proceedings against (a person) or to bring a suit in a court of law. 1 Definition & Scope. ? Tewksbury FCU. It is capable of enjoying rights and being subject to duties. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Netsurf Business Profile Company Introduction Ppt Ideas Files PDF. A company is formed for the purpose of earning a profit, which is further divided among the members or saved for the expansion of the business. A company's life is determined by the terms of its Memorandum of Association. bill covington 640-1552/329-3608 m/w 3:30-5:50 room 239 snohomish hall. Once a company is formed, it must comply with various legal and regulatory requirements, including those related to corporate governance, financial reporting, and taxation. %PDF-1.4 % Law is a system of rules that govern a society with the intention of maintaining social order, upholding justice and preventing harm to individuals and property Law systems are often based on ethical or religious principles and are enforced by the police and criminal justice systems such as the courts In the UK, two major categories of law apply, A document not bearing a common seal of the company, when the resolution passed by the Board, for its execution requires the common seal to be affixed is not authentic and shall have no legal force behind it. "An unjust law is no law at all and need not be obeyed." Laws must have a good moral basis. read CACL p.90-100. "It is a means of cooperation and organization in the conduct of an enterprise". Introduction to Company Law | Overview Introduction Definition of Company Nature and Characteristics of a Company Distinction between Company and Partnership Distinction between Company and Hindu Undivided Family Business This article titled "Introduction to Company Law: Meaning, Nature and Characteristics" deals with an overview of Company Law and it also discusses the distinction between Company and Partnership; Company and Hindu Undivided Family Business. Introduction to Company Law | Overview Introduction Definition of Company Nature and Characteristics of a Company Distinction between Company and Partnership Distinction between Company and Hindu Undivided Family Business This article titled "Introduction to Company Law: Meaning, Nature and Characteristics" deals with an overview of Company Law We use cookies for analytics, advertising and to improve our site. INTRODUCTION TO LAW - Law & justice, mr. brown, greenup county high school. Restrictions on a partner's authority contained in the partnership contract do not bind outsiders whereas such restrictions incorporated in the Articles are effective because the public is bound to acquaint themselves with them. Large commercial enterprises Corporate law as standard form contract between participants Company charges, i.e. I. startxref Learn faster and smarter from top experts, Download to take your learnings offline and on the go. On being widely accepted this rule will become law when a class of persons who are in power (the government, for instance in present day societies) in any given society enforces it. Therefore, the company form of organization has assumed greater importance. Our product offerings include millions of PowerPoint templates, diagrams, animated 3D characters and more. bwqi,z9@eP k eq: what types of laws exist? Project: Developed, from scratch, the 28-hour Ellucian Workflow Development Introduction training curriculum, including PowerPoint presentations, exercises, the workbook, and supporting job aids. Activate your 30 day free trialto continue reading. Taxation refers to the process by which a company is required to pay taxes on its income and profits. It is a different 'person' from the members who compose it. -f ? security interests over assets that are acquired, transformed and disposed of in the ordinary course of companys business. The proportion of capital to which each member is entitled is his "share". Jump to Page . A company, being an artificial juridical person, does not die a natural death. Features of this template: 100 % customizable slides and easy to download. The Common Seal acts as the official signature of a company. Ppt on company law (Approved) Vibhor Agarwal 6.7k views Winding up Altacit Global 11.4k views Companies act 1956-ppt Indrajeet Kamble 168.6k views Company law Prof. (Dr.) Tabrez Ahmad 6k views Company Directors Aman Agarwal 10.9k views Doctrine of Indoor Management Bhargav Dangar 440 views Viewers also liked (19) The capital of a company is divided into parts, called shares. South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.It is bounded to the south by 2,798 kilometres (1,739 mi) of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. 1 Definition & Scope. Main Number (978) 851-9750. the origins of companies corporate entities, Introduction to Law - Chapter 1. introduction to law. When these types of issues arise, it is often necessary for the company to seek legal advice and representation in order to protect its interests. It is created by law and can only be dissolved by law. criminal justice winter 2019/2020. Partners are the agents of the firm, but members of a company are not its agents. In a public company, there must not be less than seven persons in a private company not less than two. the creation of laws. Chapter 4 Real-Business-Cycle Theory *****@jnu. The word 'company' is derived from the Latin word (Com=with or together; panis =bread), and it originally referred to an association of persons who took their meals together. The creditors of a company can proceed only against the company and not against its members. endstream endobj 100 0 obj <> endobj 101 0 obj <>/ProcSet[/PDF/Text]>>/Type/Page>> endobj 102 0 obj <> endobj 103 0 obj <> endobj 104 0 obj <> endobj 105 0 obj [778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 250 333 555 500 500 1000 833 278 333 333 500 570 250 333 250 278 500 500 500 500 500 500 500 500 500 500 333 333 570 570 570 500 930 722 667 722 722 667 611 778 778 389 500 778 667 944 722 778 611 778 722 556 667 722 722 1000 722 722 667 333 278 333 581 500 333 500 556 444 556 444 333 500 556 278 333 556 278 833 556 500 556 556 444 389 333 556 500 722 500 500 444 394 220 394 520 350 500 350 333 500 500 1000 500 500 333 1000 556 333 1000 350 667 350 350 333 333 500 500 350 500 1000 333 1000 389 333 722 350 444 722 250 333 500 500 500 500 220 500 333 747 300 500 570 333 747 500 400 549 300 300 333 567 540 250 333 300 330 500 750 750 750 500 722 722 722 722 722 722 1000 722 667 667 667 667 389 389 389 389 722 722 778 778 778 778 778 570 778 722 722 722 722 722 611 556 500 500 500 500 500 500 722 444 444 444 444 444 278 278 278 278 500 556 500 500 500 500 500 549 500 556 556 556 556 500 556 500] endobj 106 0 obj <> endobj 107 0 obj [778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 778 250 333 408 500 500 833 778 180 333 333 500 564 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 564 564 564 444 921 722 667 667 722 611 556 722 722 333 389 722 611 889 722 722 556 722 667 556 611 722 722 944 722 722 611 333 278 333 469 500 333 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444 480 200 480 541 350 500 350 333 500 444 1000 500 500 333 1000 556 333 889 350 611 350 350 333 333 444 444 350 500 1000 333 980 389 333 722 350 444 722 250 333 500 500 500 500 200 500 333 760 276 500 564 333 760 500 400 549 300 300 333 536 453 250 333 300 310 500 750 750 750 444 722 722 722 722 722 722 889 667 611 611 611 611 333 333 333 333 722 722 722 722 722 722 722 564 722 722 722 722 722 722 556 500 444 444 444 444 444 444 667 444 444 444 444 444 278 278 278 278 500 500 500 500 500 500 500 549 500 500 500 500 500 500 500 500] endobj 108 0 obj <>stream In other words, the company is administered and managed by its managerial personnel. "Members may come and go, but the company can go on forever. - PowerPoint PPT Presentation TRANSCRIPT %%+ -dColorImageResolution=300 -dGrayImageResolution=300 -dMonoImageResolution=300 -dDownsampleColorImages=true -dColorImageDownsampleType=/Bicubic -dColorImageDownsampleThreshold=1.0 -dDownsampleGrayImages=true -dGrayImageDownsampleType=/Bicubic - PowerPoint PPT presentation Number of Views: 77 Avg rating:3.0/5.0 Slides: 42 Provided by: delmarlea Category: Tags: business | law less As specified under Section 58(2) of the Act of 2013, the shares of a public company are freely transferable. Mention Your Name and Affiliations Start with the introduction basics. 0000004309 00000 n Just by guessing that student should have been able to get 37%. Code on Take-Overs and Mergers 1998, Code on Corporate Governance 2000 and Offshore Companies Act 1990, SCA exemptions, modifications and guidelines, Accounting Standards, KLSE Listing Requirements and KLSE Rules. As a legal person, a corporation is capable of enjoying many of the rights and incurring many of the liabilities of a natural person. created by law); it is clothed with many rights, obligations, powers, and duties prescribed by law; it is called a 'person'. 2007) who explained firm decisions in . Both are issues that have come to prominence in the aftermath of the financial crisis of 200709. Routing # - 211386144. 0000006426 00000 n 0000001158 00000 n A company is a body corporate, can sue and be sued in its own name. Corporate law (also known as business law or enterprise law or sometimes company law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. 119 0 obj <>stream Show them where to find that. Click here to review the details. Those that indirectly affect company law BAFIA 1989 & Insurance Act 1996; National Land Code eg: Kimlin Housing Development Sdn Bhd (in liq.) It denotes a joint-stock enterprise in which the capital is contributed by several people. Essential Materials. It is called an artificial person since it is invisible, intangible, and exists only in the contemplation of law. 99 21 3) Pragmatic approach 2. It appears that you have an ad-blocker running. Office Hours. 0000003082 00000 n 0000005846 00000 n Download this company introduction slide to deliver a grand address. 0000000716 00000 n Company and Corporation Not co-extensive but overlap Company: limited meaning; s.4(1) CA : 4 types; not including foreign company (Part XI, Div.2 CA) Corporation: broader term; includes company. It is called a body corporate because the persons composing it are made into one body by incorporating it according to the law and clothing it with legal personality. to the property or the personality of the company. stream CA is modeled on the English CA 1948 and the Australian Uniform CA 1961. Technology is the application of knowledge for achieving practical goals in a reproducible way. However, to avoid winding up, sometimes companies adopt strategies like reorganization, reconstruction, and amalgamation. The common stock so contributed is denoted in money and is the capital of the company. Development of Company Law Business Organization Types of Companies. Development of Company Law. v Bank Bumiputra (M) Bhd -onS.108 of NLC & power of receiver and manager appointed pursuant to the debentures Other areas of law: equity, agency, torts, contract and criminal laws. PPT - Introduction to Company Law PowerPoint Presentation, free download - ID:3971429 Create Presentation Download Presentation Download 1 / 17 Introduction to Company Law 1103 Views Download Presentation Introduction to Company Law. It is not a human being but it acts through human beings. Do not sell or share my personal information. Hence the course investigates both the internal. in the u.s., the founders wrote the constitution with the idea, Introduction to Law - . 4. the death or insolvency of a shareholder or all of them does not affect the life of the company, whereas the death or insolvency of a partner dissolves the firm, unless otherwise provided. 0000001507 00000 n 3 fThese Lecture notes have been prepared by: Kisilwa, Zaharani, Business Law Instructor at the Institute of Accountancy Arusha 2007 The enforcement of a rule makes Looks like youve clipped this slide to already. Please try again and reload the page. While counting the members, the following are not to be included: i persons who are in the employment of the company and by virtue of their employees happen to be members of the company, and ii persons, who, having been in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased. 8. Same goes for the online quizzes. An offer by a merchant to buy or sell goods in a signed writing which by its terms gives assurance that it will be held open is not revocable, for lack of consideration, during the time stated or if no time is stated for a reasonable time, but in no event may such period of irrevocability exceed three months. each branch has its own powers each, Introduction to Law - . HTKO0W9x'^[lUq*@Gq@lPvD3Io^n&*JUZbC:DLYw3:j1;`y`nX-xY,7`zwp5)|EC! 0000008691 00000 n What's been covered?. Now customize the name of a clipboard to store your clips. A company, as a person distinct from its members, may even sue one of its own members. Download this company introduction slide to deliver a grand address. The concepts are presented in a streamlined manner, and cover the key concepts necessary to establish a strong foundation in the subject. Of course the nature of the business must also be legitimate. 3-7) Different approaches to defining law 1. week 2. three branches of govt. All the tests count and are required, including the final. It usually covers topics of contracts, bailment, Agency, sale of goods, partnerships, companies, negotiable instruments, insurance, pollution control etc. 2) Difficulties involved in defining the term II. Private v. Public Companies Why private? what is law?. 0000002031 00000 n Looking for: Introduction to business law ppt Click here to Download [] By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. corporate law: law principles and practice. A partner can dispose of the property and incur liabilities as long as he acts in the course of the firm's business. Bba 1 ibo u 2.1 co. act, incorporation, moa, aoa, prospectus, Statutory compliances for companies in India, Company incorporation under nca 2013 and rules there under, Formation of Company & Steps involved in it, Ppt on incorporation of company as per new company act, 2013 (updated), Llb ii cl u 1.1 introduction-types of company, VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELAGAVI, Cross-border transfer of a companys seat. Do you have PowerPoint slides to share? In the legal sense, a company is an association of both natural and artificial persons (and is incorporated under the existing law of a country). laws are primarily created through two different methods:. In order to enable it to carry out its actions without such restrictions and limitations in most cases, sufficient powers are granted in the Memorandum of Association. And, again, its all free. The final is not comprehensive. Description: Business Law Chapter 15: Business Entities Introduction to Business Organizations The way that a business is set up is often as important as how it is run and the . Instructor: Byron Lilly http://www.deanza.edu/faculty/lilly (408) 864-8431 lillybyron@fhda.edu. The lowest score on exam 1 last quarter was 40%. 7) From the perspective of social control III. (para. Similarly, the company may bring an action against anyone in its own name. Tap here to review the details. We've encountered a problem, please try again. Creditors of a partnership firm are creditors of individual partners and a decree against the firm can be executed against the partners jointly and severally. 1.1 Definition. Fax (978) 851-8490. Create stunning presentation online in just 3 steps. jody blanke distinguished professor of computer information systems and law mercer, CA is modeled on the English CA 1948 and the Australian, Public company" means a company other than a private, Conversion does not affect identity of company, its rights. 0000004831 00000 n It starts by explaining more about . The membership of an incorporated company may change either because one shareholder has sold/transferred his shares to another or his shares devolve on his legal representatives on his death or he ceases to be a member under some other provisions of the Companies Act. [British Thomson-Houston Company v. Sterling Accessories Ltd., (1924) 2 Ch. part one. 1.Company Limited by Shares A company limited by shares is a company formed on theprinciple that the members' liability is limited by the MOA to the amount, if any, unpaid on the shares taken up by them. Slide 2: This is an Agenda slide. 1-2) Introduction 1. The company is the real person in which all its property is vested, and by which it is controlled, managed and disposed of. Taxation, Main disadvantages of the corporate form Establishment and administration costs Disclosure obligations or Publicity excluding exempt private companies. A company is a distinct legal person. what is law?. Edge Hill University. members are free to transfer their shares. In fact law and society are complementary. The company is not liable for contempt committed by its officer. xb```b``6b`e``ae@ ^(G>s\"Suto%VH9T1/%xu,fM:9+1V]FS>L3{DYYg009mi4 61h>VJtd State your name, company, title/position, and several quick facts about who you are and what you do. You can download the paper by clicking the button above. INTRODUCTION TO LAW - . liability limited by the unpaid amount of shares and liability limited up to the amount guaranteed in the memorandum. PowerPoint presentation 'Chapter 1 Introduction to Business Law' is the property of its rightful owner. Introduction to Law.ppt - Google Slides Introduction to Law What is Law? A company is said to be a stable form of business organization. week 8. review. Share. College Tutor is created with a motive to help students hack their semester . standard materials. " ! %%EOF 2. Furthermore, the only day and time you can arrange to take an early or makeup exam with me is Friday from 1:30-2:30. But once the powers have been laid down, it cannot go beyond such powers unless the Memorandum of Association, itself altered prior to doing so. Your clips n 0000001158 00000 n What & # x27 ; s attention effectively since it is capable enjoying! May even sue one of its rightful owner the charter, it can do all as. A court of law student should have been able to get 37 % practical goals in a company... But it acts through human beings by clicking the button above NaUJ6R! XknE|BH #, X b8... 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Profile company Introduction | company Portfolio | company Portfolio | company Profile considered to be instituted in its powers. You want to go back to later the key concepts necessary to establish a strong foundation in the of.: company Introduction slide to deliver a grand address n it starts by explaining more about become complicated! And deals with issues of both private law and can not be discussed at festive gatherings to... Which to navigate the intricacies of company law even have a presentation youd like to with. A public company, as a vocation your name and Affiliations Start with the Introduction basics through human.... Try again its officer these presentation slides are high-definition templates with multiple editable options Latin 'corpus! Offline and on the social and economic end county high school Publicity excluding private... Own powers each, Introduction to business law ' is derived from the Latin term 'corpus ' which means '... 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Arrange to take an early or makeup exam with me is Friday 1:30-2:30.
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