Saturated Fat Definition and Examples

Saturated Fat Definition: A saturated fat is any lipid (fat) which contains no carbon-carbon double bonds. In other words, a saturated fat has been fully saturated with hydrogen atoms. Saturated fats tend to be greasy or waxy solids. Natural saturated fats often come from animal sources. Examples: Examples of saturated fats include butter and lard.

Types of North American Air Masses

A Report On Phr ( Personal Health Record ) - 3545 Words

INTRODUCTION: I am going to prepare a report on PHR (personal health record), What are its benefits and How it is useful.PHR is an E-device used by the patients to maintain their health information in a safe and secure environment. This stands in opposite to the more likely used e-medical record and data is operated by hospitals and contains data entered by physician or billing data to help insurance company. The proposition of a PHR is to give a total and brief outline of a patient’s health history which is available on the internet. The information data on a PHR may consolidate patient-reported result data, lab results, data from contraptions, for instance, remote electronic measuring scales or assembled inactively from an advanced cell phone. BACKGROUND OF THE COMPANY: St. jon Medical Hospital: The development work of the another stage comprising of an 600-bed healing facility, Nurses lodging and living arrangements of Staff was begun in june 1977. The OPD were opened on July 8, 1985. From there on, the IPD were opened steadily. At the point when the last period of development was finished in 1989, the grounds had all the obliged offices. A theater, with 900 seats, was included 1999 as a remembrance of the Silver Jubilee of the hospital. At present St. Jon Medical Hospital has 1800 IPD beds, conveyed among the Departments of GM, GS, O G, Ped, CT Surgery, Plastic Surgery, Ophthal, Dermat, Dental Sx, Genito-urinary Sx, ENT dept, kidny, Ortho, ICU, Cardiac,Show MoreRelatedIntroduction Of Personal Health Record1563 Words   |  7 PagesIntroduction of Personal Health Record Abstract The widely adoption of Electric Health Record (EHR) accelerates the development of Personal Health Record (PHR). The functionality of PHR can be summarized as information collection, information sharing and exchange, and information management, which could improve efficiency and quality of health care. 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This is conducted via a secure, hospital and health care facilities’ website which is linked to the pat ient’s electronic health records (EHRs) at any time (Johnson, Jimison, Mandl, 2014)Read MoreThe Adoption Of Information Technology1600 Words   |  7 Pagesits entirety. Health information technology (HIT or Health IT) has created, among other things, free flow, and improved communication amongst all healthcare workers and providers, patients and the community as a whole. HIT has also availed the healthcare sector better and easier access to information. So many people have placed their hopes on health information technology. The hospitals have high hopes for HIT in helping them to reduce human errors on their medical reports. Health care providersRead MoreThe Personal Health Record ( Phr )781 Words   |  4 Pages The Personal Health Record Final Project – Essay Diana Morris Darton State College â€Å"The personal health record (PHR) is an electronic, lifelong resource of health information needed by individuals to make health decisions.† (Burrington-Brown) Patients manage and control their own information from all healthcare providers and facilities. The PHR is supposed to be in a secure and private place. The patient sets who is allowed to access the PHR. The PHR is only for the patientRead MoreThe Adoption Of Information Technology1534 Words   |  7 Pagesin its entirety. Health information technology (HIT or Health IT) has created, among other things, free flow and improved communication amongst all healthcare workers and providers, patients and the community as a whole. HIT has also availed the healthcare sector better and easier access to information. 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(Clark) â€Å"HIE is the transmission of healthcare-related data among facilities, health information organizations, and government agencies according to national standards.†(HIE defined) More specifically, HIE allows nurses, doctors, pharmacists, and other health care providers and patients to access and share vital patient m edical information electronically, thus reducing the cost and increasing

Insolvency and Wounding up of a Limited Liability Company

Question: Discuss about the Insolvency and Wounding up of a Limited Liability Company. Answer: Neptunes Prize Seafood Restaurant Pty Ltd The name of a limited Liability company can be changed by a special resolution of the members in a general meeting. In addition, the name can be changed by the directors without necessarily consulting the shareholders. Gracie and Tasia as directors of Neptunes Prize seafood Pty Ltd had legal rights to change the name of the company to Poseidon Prize seafood Restaurant as an administrative action to save it from the dwindling prospects. People had lacked interest in the restaurant leading to myriad of financial challenges such as the unpaid tax liability, lack of credit extension services by the bank and lack of supplies due to financial constraints. Having formed a new company by the name Neptunes Triumph Seafood Restaurant Pty Ltd, the previous company ceased to exist. It had to be wounded up. However, several considerations need to be done in order to liquidate Poseidons Prize Seafood Restaurant Pty Ltd. The business owners Tasia and Gracie had a responsibility properly dissolve the previous company under the State Law to avoid any lingering liability brought about by the outstanding business debts. The liquidator of the Poseidons Seafood must properly dissolve as outlined in the business code that formed the company. A proper dissolution of a Limited Liability Company requires company liquidation, paying off the creditors and distributing off the remaining assets to the shareholders based on their ownership percentages (Cartano, 2008). This particular case involved an incorporation of a new company and transfer of the whole assets without settling the debt liability for the previous company. Although the directors of a Limited Liability Company cannot be held liable for companys debts, the courts of law can occasionally intervene on behalf of creditors and hold directors personally liable for companys debts especially in an insolvency procedure. The owners of Poseidon seafood which was formerly known as the Neptune seafood Restaurant are Gracie and Tasia. They have a statutory duty to act in the best interests of the creditors by demonstrating their resolve into ensuring the repayments of all creditors are done using the companys resources. If they fail to meet their fundamental duties of acting in the interest of the creditors, while the company is trading insolvent, they can be personally liable including disqualification from acting as directors for any Limited Liability Company in future (Godbole, 2013). Poseidon Seafoods assets are subject to sharing by the shareholder only after all the companys tax liabilities and debts to suppliers are settled. Directors can be directly liable only if it is proved that they performed the following actions Used fraudulent methods to gather funds for the payment of creditors (Godbole, 2013) Withdrew company funds for no-business related activities (Newton, 2010) Entered into personal guarantee and then breached the terms Disposed off the companys assets at lesser value than the real value Paid dividends to shareholders while the company was insolvent In this particular case, the directors did not do any action that was contrary to the companys code of conduct. Tasia bought the state of the art refrigeration system and stove on behalf of the company. In that regard she acted as an agent of the company and all activities done by her in the absence of the other director Tasia binds both of them. Owing to the fact that the directors did not misappropriate the companys funds, during the time of operation, no suit can be brought against them. The company was wounded up due to failure to sustain itself as a result of financial distress. In that regard, the company should file for bankruptcy and allow the court to determine the priority of payments to the creditors. The transfer of Poseidons Seafood Restaurant Pty Ltd business assets to Neptunes Triumph Seafood Restaurant Pty Ltd is quite a tricky affair because the liquidator will be concerned with the motive and the intended purpose of the transfer. For instance, if the company that you are transferring the assets away from is under insolvency or is facing dissolution, then the transfer of assets can be perceived as an attempt to obstruct the process of claiming debts by the creditors (Newton, 2010). The transfer should be done correctly to ensure that two corporations are treated as separate entities and the assets and liabilities of the two corporations are treated as separate. One of the best ways to transfer assets and liabilities of one corporation to the other is by selling them at a fair market price from the first to the second. In that regard the proceeds from the sale of assets by the corporation under insolvency can be used to settle all debts from the creditors and tax liabilities (Alberty, 2003). Poseidons Prize Seafood Restaurants assets were all transferred to the new company by the directors Gracie and Tasia with no consideration. They flouted the insolvency rules that demand that the company being wounded up must settle all the creditors debts as well as tax liabilities through liquidation of the remaining assets. Having transferred the assets to Neptune Triumph Seafood Restaurant Pty Ltd without a consideration is not the correct practice because the assets and liabilities of the two companies are viewed as the same. These companies are separate entities despite the fact that they are owned by the same people. An action can be brought against the new company for receiving assets of another Limited Liability company without making payments for the same. However, no action can be brought against the directors of the new company because the company is a separate legal entity from the owners (Hnig Hammerl, 2014). The new company will be required by the law to pay a consider ation for the assets received. Bearing in mind that the shareholders were in agreement to transfer the assets of Poseidon to Neptune triumph sea food, their action was lawful. However, transferring the assets with the intention of hindering the process of claiming collections by creditors is unlawful and an action can be brought against each of the directors for personally executing transfers to evade tax claims and creditors collection claims (Hnig Hammerl, 2014). Personal liability comes when the individuals actions goes against the laid down rules and procedures of insolvency. References Alberty, S. C. (2003). Limited Liability Companies: A Planning and Drafting Guide. New York: American Law Iinstitute American Bar Association. Cartano, D. J. (2008). Federal and State Taxation of Limited Liability Companies. Riverwoods, Illinois: CCH. Godbole, P. G. (2013). Mergers, Acquisitions and Corporate Restructuring, 2nd Edition. New Delhi: Vikas Publishing House. Hnig, C., Hammerl, C. (2014). Insolvency and Restructuring Law in Central Eastern Europe: An Introduction for Practicioners. Scheydgasse : Linde Verlag GmbH,. Newton, G. W. (2010). Bankruptcy and Insolvency Accounting, Forms and Exhibits. Hobboken: John Wiley Sons. Rocap, D. E. (2016). Mergers, Acquisitions, and Buyouts, March 2016: Five-Volume Print Set. New York: Wolters Kluwer Law Business.