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Admiralty law also encompasses specialised points similar to salvage, maritime liens, and accidents to passengers. Law and commerceCompany law sprang from the law of trusts, on the precept of separating possession of property and control. The law of the modern firm started with the Joint Stock Companies Act 1856, handed Law News in the United Kingdom, which provided investors with a simple registration process to realize limited liability under the separate legal character of the corporation.

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Centrally situated in Waco, Texas, in an attractive facility on the banks …