claims? Explain. Signal won’t necessarily succeed on his claims. “Acceptance of the goods prevents the buyer or lessee from exercising the right of rejection‚ but it does not necessarily prevent the buyer or lessee from pursuing other remedies” (Business Law Today; page 337). In some circumstances‚ a buyer or lessee are allowed to revoke their acceptance of the goods. The revocation of acceptance is not effective until the seller has been notified. The seller must also be notified within a reasonable
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Given | (2) Adjusted Basis | 40‚000 | $55‚000 original basis - $15‚000 accumulated depreciation | Gain (Loss) Realized | ($15‚000) | (1) – (2) | 37. [LO 3‚ 4] In year 0‚ Longworth Partnership purchased a machine for $40‚000 to use in its business. In year 3‚ Longworth sold the machine for $35‚000. Between the date of the purchase and the date of the sale‚ Longworth depreciated the machine by $22‚000. a. What is the amount and character of the gain Longworth will recognize on
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Chapter 11 Internet Law and Ethics The Internet is a substantial catalyst for continuing globalization‚ breaking down national boundaries and rules to allow free interchange of communications‚ ideas‚ goods and services around the world - 52% agreed that by 2020‚ the free flow of information on the Internet “will completely blur current national boundaries as they are replaced by…geographically diverse and reconfigured human organizations tied together by global networks” Policy makers‚ users
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to make judgment call. Special duties‚ Duties to Persons on property Premises liability cases‚ involve possessors of land & those who enter it. Entering party classifications: Invitees: Business visitors‚ people using public property Licensees: possessor must give consent‚ enter for purposes other than to do business Trespassers: Neg. per se: D’s violation of reasonable behavior may cause a breach of duty & may allow P to win if: Was within the class of persons intended to be protected by the statute
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Business Law Prof: Adam Pincus 12/6/11 Pros and Cons of Philly’s proposed soda tax ‚ if it had taken place In April of 2010‚ Mayor Michael Nutter proposed a tax on soda (and other sweet beverages)‚ in an attempt to try to generate more revenue for the city and curb the city’s growing child obesity issue. The soda tax was an idea to generate millions of dollars in revenue for the city. The tax would’ve added an estimated $77million to the city’s coffers‚ $20 million of which‚ would go towards
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Harry (H) who is the father of James (J) is attempting to sue J for a breach in contract and is seeking damages of $30‚000 which he believes is the outstanding amount that is owed to him by J. This case touches on the fundamental concepts of contract law where H can only claim damages if the formation of a valid contract between the two parties is evident via the elements of a contract‚ including intention‚ agreement‚ consideration‚ legal capacity‚ genuine consent and legality of objects must be established
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Journal Entry – Business Law Mr. Robert Menendez has recently raised concerns over his possible unethical behavior while residing as the New Jersey state Senator. There are many moral ethical issues‚ as well as one particular contract with Dr. Melgen that may be an issue. His poor ethical choices can be related to his possible egoism. (All parties are innocent until proven guilty.) Ethics is the study of an individual’s character with regards to their choices of right and wrong as assumed
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Prospecting Ltd). The appellant company was the holders of certain mining leases in respect of deposits of iron ore. They did not work these deposits themselves but allowed them to be worked on tribute by another company named Kepong Mines Ltd. Their business in practice would seem to be confined to collecting the tribute and distributing it to their shareholders after making arrangements in respect of income tax. Schmidt claimed that he was entitled to receive certain payments in respect of all ore won
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level in my opinion. The angelic colorful background is unlike any of the other pieces. Caravaggio David and Goliath 1599 Oil on Canvas 110x91 cm Prado This image is very similar to the other works listed here by Caravaggio (8) & (3). I would go as far as calling them before‚ during‚ and after. They are all similar in style and color and immense shadowing. In this image a slight looking David hovers over the head of Goliath‚ you can hardly make out David’s face or the body of Goliath
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Chris Garrido Case studies #4 Business Law- Ralli 22.3 pg 352 A. William ha bailey executed a note payable tp California dream strett B. four years later dreamstreet negotiated the note to cooperative central raiffeisen-boerenleenbank C. cooperative filed a suit against baileyto recover on the note 23.3 pg 368 A. Wilson was the office mangaer of palmer and ray dental supply B. james frank ray would take the checks reciebved from customers and place them on wilsons desk] C. wislon
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