Word: legally
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Dates: during 1900-1909
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...therefore large bills are frequently due. Perhaps he is not aware that out in the real business world "cash" includes payment within thirty or even sixty days. In fact all the directors seem to be under the impression that an organization cannot transact business unless it is under exact legal liability at every point. They forget, or do not know, that modern business is done on credit and not on legal liabilities. A student under age is trusted for luxuries by tradesmen not because he can be sued, but because his honor will cause...
Perhaps the present loose partnership is offensive to a legal mind, but perfection is seldom found on earth, even in a University Faculty, much less in a more business organization. One of the defects alleged against the present system by the majority directors is the difficulty of signing leases, yet they forget to mention the number of leases they deal in daily. If they mean a lease of a larger building, which they have already decided against, I can refer them to a reputable real estate broker of Cambridge who told me today that he would be willing to sign...
...reasons which make the change advantageous are: First, the legal status of the Society and its members are at present uncertain, though it is probable that each member is personally responsible for all debts and liabilities. A difficulty has actually arisen in the making of leases. Under the present loose organization, the officers have been obliged to assume responsibility by signing some of the leases. This vague responsibility becomes more serious with the enlarged business. In the second place, experience has proved that the members do not wish to take active share in the management. The attendance at annual meetings...
...Saturdays at 12 o'clock in Sever 13, beginning tomorrow. Among the topics treated will be: The rise of the law of marriage of the Church as distinct from law of the State; the theory of the marital relation in the German codes; the Canon Law in England; legal impediments to marriage; the theology of marriage; the relation of marriage to modern...
...Cambridge Board of Survey will hold a hearing in the early part of February to discuss further the proposed new Parkway. The Board can now convene at any time as its construction has been found perfectly legal and no further action will be taken against its action on the parkway. A final decision on the matter will not be reached for some time...