In this assignment‚ it is assumed that Emma and Ryma are both tax residents of Australia. Part A Based on Emma’s negotiated remuneration package and her activities with ‘Ryma Rhymes’‚ we look into identifying which of her income is assessable income (AI). Remuneration Package ANNUAL SALARY Emma’s annual salary of $150‚000 per annum is assessed based on s6-5(1) ITAA97‚ which states her AI includes income according to ordinary income (OI) concept. In Scott v Commissioner of Taxation (1935)
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Please complete all areas of this form‚ sign‚ and attach to each submitted assignment. Submit each assignment according to the instructions provided in your Course Outline. A. STUDENT/S TO COMPLETE Course Name : HND in Business Student Number: Student Full Name: Lecturer Name: Edexcel Registration No Assignment No./Name: Date Due: Date Submitted: Student Signature: Date: Declaration I declare that this assessment item is my own work‚ except where acknowledged‚ and has not been submitted
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security. Negotiable. F. A note reading‚ “I promise to pay to the order of Richard Roe $2‚000 on January 31‚ 2013‚ but it is agreed that if the crop of Blackacre falls below ten bushels per acre for the 2012 season‚ this note shall be extended indefinitely.” Nonnegotiable‚ has conditions. G. A note payable to the order of Ray Rogers fifty years from date but providing that payment shall be accelerated by the death of Silas Hughes to a point of time four months after his death. Negotiable
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A contract can be defined as an agreement containing promises made between two or more parties with the intention of creating certain legal rights and obligations and enforceable in a court of law (Gibson & Fraser‚ 2012‚ Business Law‚ p303). A contract must be satisfied certain legal requirements which are agreements‚ intention to create legal relations‚ considerations and capacity. Agreement = Offer + Acceptance Therefore‚ here apply the rule
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Jonah Watson Business Law Case Analysis #3 IN YOUR COURT A remedy is the relief provided for an innocent party when the other party has breached the contract. There are two types of remedies; remedies in equity and remedies at law. Remedies in equity are only awarded only if the remedy at law is inadequate. Remedies at law normally award monetary damages Ken‚ the owner of a famous candy store‚ and Sweet‚ Inc. have entered into a contract‚ essentially designating Sweet‚ Inc. as his main
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Subject Business Law Subject Number BBC131 Trainer Mr Tony Antoniou Due Date 7th Oct 2012 Chapter 1 LEGAL FOUNDATIONS Tutorial Questions 1 Why did common law become so rigid and flexible? The social behaviour of surroundings where society
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the people BUS 2202: E-COMMERCE Written Assignment Unit 8 Internet Law “Intellectual property embodies unique work reflecting someone’s creativity. Intellectual property is all around us. It is manifest in miracle drugs‚ a new computer game‚ a movie‚ or a more fuel efficient car”. (State.gov‚ 2016) The three main areas of intellectual property law is: Trademark‚ Copyright‚ Patent According to free-lance writer Jeanne Holden:” The purpose of intellectual property law is to encourage
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special disadvantage: Abuse by one party of its superior bargaining position in its dealings with the other party.[3] Application In this case‚ Ji is an elderly man and has difficulty in understanding English. He has had no business experience himself. The manager of XZA Bank is aware that Ji has no other assets and is dependent on the old age pension for all living expenses then still persuades Ji to sign the mortgage contract immediately without informing Ji of the consequences if he fails
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How to be successful Business Manager Introduction Everyone desired to success. In the business field‚ becoming a successful manager is what the majority long for . No body changes into a well-rounded manager overnight. Learning is necessary for everyone during this process. “People learn to manage by managing under guidance of a good manager”----Michael Armstrong. Experiences can undoubtedly be an excellent tutor for success‚ but having a good guide can further allow one to make use of his
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Dustin Brown Student ID# 202011 BBA 3210‚ Business Law Research Project: Analyzing a Contract August 22‚ 2012 “Analyzing a Contract” Introduction I have identified a basic contract that is used when a provider and client have agreed to a specific service and payment for service (Savetz‚ 2012). The contract is at the end of this paper. In my scenario‚ the Client has requested the Provider to complete a concrete pad in the back yard of his new home. I will analyze this contract and identify
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