Taxation Law – Unit 7_Question 2 2. Crowbar Ltd has the following items of stock on hand at 30 June 2010. Its opening value for stock for items A‚ B‚ C on 1 July 2009 was: Units of stock A B C Valued at cost 18‚000 19‚000 11‚000 Its closing values for stock for items A‚ B‚ C on 30 June 2010 were: Units of stock A B C Cost $10‚000 $10‚000 $15‚000 Replacement cost $11‚000 $3‚000 $7‚000 Market selling value $14‚000 $2‚000 $18‚000 Part
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Identify the area or areas of law The area of law concerns this case‚ which in connection with the relations of partners to one another‚ especially expulsion of partner and distribution of assets on dissolution of partnership. Explain the principles of law EXPULSION Regarding expulsion‚ the Partnership Act says that: "No majority of the partners can expel any partner unless a power to do so has been conferred by express agreement between the partners." The power to expel any partner by a majority
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international law? Sources of international law help us understand what constitutes international law‚ and how international law is created. It refers to where states‚ organizations‚ individuals and the courts can finds principles of international law. Sources of international law can be divided into two main types‚ which are the primary sources and the subsidiary sources. The article 38 of the statute of the international court of justice establishes the five main sources of international law. They are;
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Lab Business 2 1. What is money? Money is a medium of exchange representing something’s worth‚ usually through coins or banknotes. 2. How did religious views influence money-lending in early Italy? When did money lending become acceptable? Many religions frowned upon money lending. Italy contained many Christians and Jews and their biggest question was whether money lending was worth living eternally in hell. The practice of lending money only became acceptable when the Medici family rose around
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ESSAY Questions Bus 250 Ch 21-30 Fall 2012 1. What is a limited liability company? Explain the advantages and disadvantages of this type of business ownership? 2. Compare and contrast the following forms of business organization: sole proprietorship‚ general partnership‚ limited partnership‚ limited liability company‚ and corporation as to ease of formation‚ liability of owners‚ management‚ and tax implications. 3. Andy wants to start his own business. He has decided to rent space in
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Business & Company Law – ’11-’12 – Question 1 Introduction: Whenever a contract is to be formed‚ there are certain elements which should meet the requirement in order for it to be established. They are offer‚ acceptance (agreement)‚ consideration and intention. * Definition: Agreement – Is formed when an offer is made and accepted. * Communication: Must be communicated * Except in the case of a unilateral contract. * Two types of Communications: * Instantaneous
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Business law | CASE STUDY ONSESAMWARE | | | | | SUBMITTED BY:Randeep SinghVarinder GillLovedeep Singh | CASE STUDY History Sesamware is a Japanese software company which is very popular for open source software. Sesamware got international approval with an online multiplayer fantasy dimension game‚ Para World in mid-1990. Para world was very popular in the world between 2001 and 2004. Firstly‚ it was installed as part of the bundle downloaded by hundreds of millions of gamers around the
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Business Economics Questions: 1. Explain the subject matter of economics as question concerning the adjustments between unlimited want and limited resources. 1 & 2 2. Explain how Market/Price mechanism solves there central problems of economics 1 & 2 3. Explain why the price in competitive markets settles down the equilibrium intersection of supply and demand. Explain what happens if the market price starts out too high or too low. 3 4.Explain the economic meaning 0f price elasticity
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|School of Business | | |LAW/531 Version 6 | |Business Law | | | Course Description This course prepares students to evaluate the legal risks associated with business activity. Students create proposals
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Important Laws That Affect Your Business Introduction: In the present world business plays an important role in every sphere of life. Business determines one’s life style‚ standard of living‚ education and even cultural standard. So to lead a bette-r life we need to understand business and study business. Business is dynamic – always changing. Coping with both predictable and unpredictable events can be easier‚ more efficient‚ and less traumatic if we understand business. Study of business will help
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