UILMS‚2013 UILMS 2013 sUBMITTED TO: dR. ANUPAM ACHARYA PROFESSOR SUBMITTED BY: HEMANSHI ANDLEY CLASS: 8TH SEMESTER ROLL NO: 1689 PREFACE This assignment throws glimpse on the important aspect of the Equity and trust-‘CONCEPT OF EQUITY’. The law relating to equity is largely built on precedent. The rules have been built upon by previous situations which they have dealt
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detailed‚ and procedural‚ designed to cover every possible circumstance. Accounting standards are a part of national laws. Accounting in common law countries is more adaptive and innovative and tends to allow more judgment to suit the circumstance. Accounting standards are set in the private sector. c) Taxation. This tends to parallel the legal system. In common law countries (where accounting standards are set by the accounting profession)‚ accounting and taxation are separate. In code law countries
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been modified by common law and statute. AUTHOR : KATALILO JOY INTRODUCTION This paper will identify the principle Lord Denning was discussing in Bishopgate Motor Finance Corporation Limited v Transport brakes limited and clearly explain how the principle has been modified by common law and statute. The principle Lord Denning was discussing in the case stated above relates to the sale of goods and is aimed at protecting individual property. It is common to find persons selling
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jury – a tradition held dear to the British – is a legal proceeding in which a jury either makes a decision or‚ makes findings of fact which are then applied by a judge. It usually comprises of 12 men. The jury system is a system developed in the Common Law‚ taken as its integral part which mandates that “No free man shall be captured and or‚ imprisoned or‚ disseised of his freehold and or‚ exiled‚ or in any way destroyed‚ nor will we proceed against him by force or proceed against him by arms‚ but
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Interdisciplinary Research Assignment - Chapter 11 11.1 How does the definition of common ground complement and extend the definitions of interdisciplinary studies and interdisciplinarity? The definition of common ground compliments the definition of interdisciplinary studies by giving credence to the need and use of integration. 11.2 How does common ground theory explain how we are able to comprehend so many different perspectives? What are the implications of the theories of Clark and Bromme for
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United Kingdom #The United Kingdom has three legal systems. English law‚ which applies in England and Wales‚ and Northern Ireland law‚ which applies in Northern Ireland‚ are based on common-law principles. Scots law‚ which applies in Scotland‚ is a pluralistic system based on civil-law principles‚ with common law elements dating back to the High Middle Ages. The Treaty of Union‚ put into effect by the Acts of Union in 1707‚ guaranteed the continued existence of a separate law system for Scotland
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Multiple Choice Questions 1. Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Trace reported net income of $110‚000 for 2011 and paid dividends of $60‚000 on October 1‚ 2011. How much income should Gaw recognize on this investment in 2011? A. $16‚500. B. $9‚000. C. $25‚500. D. $7‚500. E. $50‚000. 2. Yaro Company owns 30% of the common stock of Dew Co. and uses the equity method to account for the investment
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Case Scenarios: Grocery‚ Inc.‚ Presentation LAW/521 February 3‚ 2014 Stuart Schwartz Case Scenarios: Grocery‚ Inc.‚ Presentation Grocery‚ Inc. Uniform Commercial Code The Uniform Commercial Code (UCC) applies to sales contracts that are agreements for the sale of tangible‚ moveable goods (Melvin‚ Chapter 8‚ 2011). Therefore‚ the UCC Article 2 would apply to Grocery Inc. and the different vendors that are making agreements‚ but only if the contract was missing or had open terms. “Article
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of Lawrence Lessig‚ founder of the Creative Commons organization‚ this essay also looks at alternative measures to copyright legislation and how they are being implemented. An analysis of American rock band Nine Inch Nails (NIN) and their relationship with the Creative Commons‚ is also undertaken‚ in an effort to indicate the real world potential for such alternative measures. Lawrence Lessig in his book The Future of Ideas: The Fate of the Commons in a Connected World (2001) examines the impact
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governed under common law‚ has evolved over many centuries and has changed considerably over time. Although the modern courts may be different from their predecessors‚ the court system is of ancient existence and many present day rules derive from it today. This essay will focus on the principal sources of the English Legal System in the order of their constitutional importance by providing examples of each source. The main sources that will be covered are European Union law‚ legislation‚ common law and
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