owners of a league. While the concepts of antitrust and labor law are often considered distinct subjects on their own‚ in the sports industry‚ these areas of the law are quite often interrelated. Ross‚ S. (2003). Antitrust‚ professional sports‚ and the public interest. Journal of Sports Economics‚ 4(4)‚ 318-331. Retrieved fromhttp://jse.sagepub.com/content/4/4/318.full.pdf html (Ross‚ 2003) The author’s research on antitrust laws in sports uses data gathered from the top ten sports antitrust court
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Trusts and Estates Medilin Spring 2006 Intro and Intestacy 1) Power to Transmit property at death- Dead hand Control a) Estate and gift taxes as method of restriction i) redistributes some wealth and attempts to break up accumulations of large wealth ii) gift tax prevents the use of inter vivos transfers to get around inheritance restrictions iii) spousal deduction- can give as much as want to spouse during life and at death iv) charitable deduction- also allowed to
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I think there has been many things that’s contributed to the decline in public trust‚ as it related to law enforcement. Similar to the citizens losing trust in law enforcement‚ we have also seen this in politicians‚ the government‚ NFL‚ etc. I believe these things go in phases. It only takes one incident for people to lose faith in a process or trust in a group. For example‚ one incident on United Airlines last week has caused them to lose 100’s of millions of dollars in stocks and airfare. In addition
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Anti trust laws and cartels. Competition in economics is rivalry in supplying or acquiring an economic service or good. Sellers compete with other sellers‚ and buyers with other buyers. In its perfect form‚ there is competition among many small buyers and sellers‚ none of whom is too large to affect the market as a whole; in practice‚ competition is often reduced by a great variety of limitations‚ including monopolies. The monopoly‚ a limit on competition‚ is an example of market failure. Competition
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a source of law for Roman Law Name: Kristina Azzopardi I.D. card: 492895 M Roman law is the legal system of Ancient Rome and it is a rather primitive law as it dates back to hundreds of years B.C. mainly because Rome was founded in B.C. 753. During this period‚ law was customary rather than enacted however it was developed because the Emperor Justinian felt that an organised society was essential and that laws should not remain scattered‚ and in fact‚ what today is called ‘law’ is a result
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Definition – the law of Trust determines the relationship among trustee‚ trustor and beneficiaries over the property. Trustor means owner of the property‚ which enjoys extended bundle of rights over his property. Trustee is a person who manages the property. Beneficiary: A beneficiary is anyone who receives benefits from any assets the trust owns. We have two types of trust. First division of types: First is Inter Vivos - the management of the property during one’s lifetime. Mortis Causa –
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TAXATION LAW I. General Principles POWER OF TAXATION TAXATION – power by which the sovereign through its law-making body raises revenue to defray the necessary expenses of government from among those who in some measure are privileged to enjoy its benefits and must bear its burdens. Two Fold Nature of the Power of Taxation 1. It is an inherent attribute of sovereignty 2. It is legislative in character Extent of Taxing Power Subject to constitutional and inherent restrictions
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TAXATION * It is a means by which governments finance their expenditure by imposing charges on citizens and corporate entities. * Governments use taxation to encourage or discourage certain economic decisions. For example‚ reduction in taxable personal (or household) income by the amount paid as interest on home mortgage loans results in greater construction activity‚ and generates more jobs. See also taxation principles. * Taxation refers to the act of a taxing authority actually levying
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[pic] UNIVERSITI TEKNOLOGI MARA DEPARTMENT OF LAW TEST 1 COURSE : BUSINESS LAW COURSE CODE : LAW 416 DATE : 17 OCTOBER 2012 (WEDNESDAY) TIME : 1 ½ HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of THREE QUESTIONS: Answer TWO (2) questions only (1 Question x 25 Marks = 25 Marks) 2. Do not bring any notes or reading material into the test hall. If you have ‘accidentally’ done so‚ please surrender the materials
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Assessment Question Ali had an antique motorbike which he decided to sell. He parked the motorbike on his front lawn with a sign " For sale- RM20‚000". Ah Chong‚ who saw the sign‚ said to Ali that he would be prepared to buy the motorbike for RM15‚000. Ali replied that the price is too low and suggested RM18‚000. Ah Chong responded by asking if Ali would be prepared to accept payment of the RM18‚000 in three monthly instalments of RM6‚000 each. Ali replied that he would not. Ali then added‚" Anyway
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