Current Liabilities and Contingencies Current assets are cash or other assets that can reasonably be expected to be converted into cash‚ sold‚ or consumed in operations within a single operation cycle or within a year if more than one cycle is completed each year. Current liabilities are obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current assets‚ or the creation of other liabilities. Accounts Payable or trade accounts payable
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learned in class‚ a tort is a form of wrongful action that brings or causes harm to someone else that can lead to a lawsuit. Some torts are intentional‚ negligent‚ or strict liability. If you were intentionality trying to hurt someone or you were being reckless‚ you weren’t not making safe and conscious actions that only affect you. There are many different forms of intentional torts that are committed every day and there are consequences for those actions. The main intentional torts that are committed
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Outline the duty of care owned by an occupier to visitors defined in the Occupier’s Liability Act 1995 Under the traditional common law system entrants upon a premises were divided into the following four categories: Contractual invitees Invitees Licensees Trespassers Under the Occupier’s Liability Act 1995 three new categories were created; visitors‚ recreational users‚ trespassers. A visitor according to the act was: An entrant of right An entrant other than
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Management and Liability Issues | Business Law | There are many issues in the business world today that should concern management in regard to employment liabilities. In the last twenty years‚ the number of legal claims brought against employers‚ specifically human resources departments‚ has gone up tremendously. The human resources department of any company must be aware of the legal ramifications of its actions‚ and ensure that any issues are fully understood to keep the company protected
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Responsible for Their Children’s Actions? Adam Simonitch 2nd Period Tommy‚ of age 16‚ steals a new pair of headphones from the store‚ he gets caught‚ and his parents get a fine later on that month for Tommy’s crime. Tommy gets punished by his parents‚ nothing that hasn’t happened before. But Tommy never felt the sting of the actual law‚ what’s keeping Tommy of 17 from stealing another item off of the shelf? Letting parents take responsibility for their children’s actions would be a debauched strategy;
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Amanda Fultz Mark Davis BUL 2131-43 8-19-2013 Liability for Agent’s Contracts You run a successful paper mill and send out your three best personnel to secure new wood pulp sources using due diligence and skill. Applying the agency principles outlined in this chapter‚ answer the following questions. Delilah‚ does not return with wood pulp‚ but brings back three contracts. Acting within the scope of her authority‚ she contracted
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The United States Constitution avoids tyranny by separation of power‚ federalism‚ and checks and balances. The creators of the Constitution made sure to safeguard against tyranny so the citizens wouldn’t retaliate again like they did with the British. One of the important steps of making the United States was the Bill Of Rights. Many states didn’t approve of the Constitution because it didn’t list any of their rights. After that‚ the first ten amendments were added. Important leaders in creating
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Name: Phat Huynh Class: Sociology 1 Professor: Moyer May 25th 2010 Terrorism and suicide bombers Nowadays‚ terrorism and suicide bombers are “hot” and challenging issues for not only US but also all over the world. According to Wikepedia‚ terrorism is the general sense‚the systematic use of terror especially as a means of coercion. For example‚ in the morning 9/11/2001‚ 19 al-Qaeda terrorist hijacked four
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Nosleep_630-296-7536 I’m sure that all of you on /r/nosleep are used to the cry for help type stories by now. Help me‚ help me‚ blah-blah-blah. I won’t bore you with another. Even if I wanted your help‚ you couldn’t give it to me‚ because your help is useless. Why? Because you’re not a member. I just wish that I wasn’t either. It all started innocently enough. With a phone call. I’d been up for a few hours‚ unpacking and cleaning‚ waiting for the plumber to call. I just moved into a cabin and
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The Chartered Institute of Building CPD 24 Aug 2012 Environmental Living and Building Insulation – Revisited Presented by Mr Winston Lam‚ Envirobuilding Solutions 3 ft ? 20 ft ? 200 ft? Average emission factor of CO2 : 0.7kg CO2e per KWh Each tree can absorb 23kg of C02 throughout its life Building Energy Efficiency Ordinance (Cap. 610‚ Laws of Hong Kong SAR)‚ will be enforced on 21 September 2012. 1. Total annual electricity consumption of HK in
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