when someone suffers injury because another’s failure to live up to a required duty of care. Negligence is an unintentional tort‚ which the tortfeasor neither wishes to bring the consequences of the act nor believes that they will occur. In this case‚ we have one negligences: Ruth left her car in neutral‚ and one strict liability: the barn’s owner have dynamite. The first negligence‚ Ruth fails to comply a duty of care‚ creating the car to roll down the hill and knocking an electric line‚ causing
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C.S. Executive Tax Law Dec.09 Solved Ans. 1 Qn. 1. (A) Choose the most appropriate answer from the given options in respect of the following having regard to the provisions of the relevant direct‚ tax laws (i) Income-tax in India is charged at the rate(s) prescribed by — (a) The Finance Act (b) The Income-tax Act (c) The Central Board of Direct Taxes (d) The Ministry of Finance Solution: (a)The Finance Act (ii) Under the Income-tax Act‚ 1961‚ depreciation on machinery is charged on
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Solved Exercises: Macro-Ch(23) Fall 2014 Answer the following questions: 1. In the year 2005‚ the economy produces 100 loaves of bread that they sell for $2 each. In the year 2006‚ the economy produces 200 loaves of bread that sell for $ 3 each. a. Calculate nominal GDP‚ real GDP‚ and GDP Deflator for each year (Use 2005 as the base year). b. By what percentage do nominal GDP and Real GDP rise from one year to the next? c. Calculate the rate of inflation between 2005 and 2006
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similar car elsewhere‚ but the car was a vintage automobile which was not available on the open market. Cyril sued the neighbor for specific performance of the contract. Discuss the probable outcomes of the lawsuits. ANS: Cyril will lose the case against the painter because there was no anticipatory repudiation of the contract. An anticipatory repudiation must be clear‚ positive‚ and unequivocal. Merely stating that you are not sure if you can complete a contract does not constitute repudiation
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Law in Business and Society LAW/421 January 28th‚ 2013 C.J. Hughes The role of law in business and society plays a critical role and has both moral and ethical implications. Businesses laws help regulate business and social behavior in the marketplace and provide an ethical compass for businesses and consumer to follow. This is accomplished by providing the laws on a federal and state level to govern our actions and provide guidelines for conflict resolution. There are federal laws‚
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resources: technology‚ information‚ and people. Management information systems are regarded as a subset of the overall internal controls procedures in a business‚ which cover the application of people‚ documents‚ technologies‚ and procedures used by management accountants to solve business problems such as costing a product‚ service or a business-wide strategy The characteristics of MIS are as follows:- 1. It supports transaction handling and record keeping. 2. It is also called as integrated
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Consumer Dispute Redressal Forum‚ Ahmedabad (rural) and demanded Rs 5 lakh from the company towards compensation. During the hearing‚ the consumer forum sent the sample to the Ahmedabad Municipal Corporation’s laboratory for analysis. After hearing the case‚ the consumer forum asked the company to return the amount of Rs 8 back to Rajan. Besides‚ the forum also asked the company to pay Rs 4‚000 towards compensation for causing mental torture and towards litigation cost. Rajan was not happy with the
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Tullula Investments Ltd is a large South Australian company‚ which owns and operates many hotel and restaurants throughout Australia. Italian Cuisine Ltd‚ a food and catering business whose headquarters are in Brisbane‚ supplies goods commonly used by businesses such as Tullula Investments Ltd. On September 1‚ 2000‚ Italian Cuisine Ltd sent a fax to Tullula Investments Ltd‚ which read: "Can offer latest ’Speedy Rice Cookers’ at $100 each." On October 1‚ 2000‚ Tullula Investments Ltd faxed a reply
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PRESENTATION ON MANAGERIAL ACCOUNT BY ID-1406065 ID- 1406067 ID- 1406071 ID- 1406073 ID- 1406079 Dobojit Chakama Md. Shahadat Hossain Md Saiful Islam Md Mustafizur Rahman A B M Khaled Haider 1 Assignment • Memofax‚ Inc.‚ produces memory enhancement kits for fax machines. Sales have been very erratic‚ with some months showing a profit and some months showing a loss. The company’s contribution format: • Income statement for the most recent month is given below: Sales (13‚500 units at $20 per
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action of legal aspects. The aspects will be focused on enterprise liability‚ real and intellectual property‚ governance principles of regulatory compliance requirements‚ and specific international laws that must be adhered to Riordan Manufacturing and the stages for employees to adhere to these laws. Also implementing Enterprise Risk Management (ERM) based on the Committee of Sponsoring Organizations of the Treadway Commission (COSO) eight interrelated components. II. Mission Statement According
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