TAKE HOME FULL LENGTH TEST – June 2011 ACCOUNTS AND LAW Maximum Marks: 100 Time: 2 Hours SECTION-A Accounts Q1. The ‘going concern concept’ is the underlying basis for (a) Stating fixed assets at their realizable values. (b) Disclosing the market value of securities (c) Disclosing the sales and other operating information in the income statement (d) None of the above. Q2. Rs. 1500 received from sub-tenant for rent and entered correctly in the cash book is posted to the debit of the rent account
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agreements is if they choose to develop them in multiple‚ by creating more of them it opens the door to multiple lawsuits. If CadMex were to forget to include the appropriate sub-paragraphs within the contracts‚ they may be held liable for any monetary damages that occur. There are a number of places that lawsuits could arise from including individuals and other businesses from within the sublicensing agreement (Melvin‚ 2011). If a company from the United States is operating in a foreign country the
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CONTRACT & AGENCY LAW END-OF-COURSE ASSESSMENT JULY 2012 PRESENTATION Submission Date : 08 Sept 2012 Question 1: Legal issues: As there are different parts to “Clause 8” in the employment contract which Julia as an employee has signed with Calypso Private Limited‚ we shall examine four separate legal issues. The first legal issue is whether Calypso is able to enforce part (a) of Clause 8 which states that Julia shall not be directly or indirectly
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however‚ the first defendant left the services abruptly from 12-07- 1994 onwards. As per the terms of the contract‚ the defendants have to pay liquidated damages of Rs.2‚00‚000/- and stipend charges and also the expenses incurred by the plaintiff. Totally‚ the plaintiff claimed a sum of Rs.2‚78‚500/- as due‚ but confined to the liquidated damages of Rs.2‚00‚000/-. 4. The defendants filed a written statement‚ denying
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Wright v.Kehoe‚ 2010 ONSC 319(CanLII) Parties: David Kehoe and Total Credit Recovery Ltd. – Appellants Camille Wright – Respondent Date of Decision: January 12‚ 2010 Facts: On November 27‚ 2008‚ Camille Wright was awarded damages for slander and costs on a substantial indemnity basis in her lawsuit against David Kehoe and his employer Total Credit Recovery Ltd‚ a collection agency. In an effort to collect money owed from Ms. Wright for a leased car‚ which had been repossessed by the lessor
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cationMeat classification system Age AAA = This code means that the colour of the roller mark on the carcass is PURPLE and is an indication that the meat is from a young animal (no permanent incisors) and thus the most tender meat. ABAB = This code means that the colour of the roller mark on the carcass is GREEN and is an indication that the meat is from a young animal in transition to an adult animal (1 – 2 permanent incisors) and thus tender meat
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is on the second step to dismissal? A Dr King version makes more sense. We conclude that because the termination of the contract was unfair‚ she should have received reasonable notice‚ she is entitled to damages. Damages include: Damages due to stress‚ anxiety and inconvenience Damages to reputation Loss of salary Vacation pay Loss of stock options Relocation expenses Case 2: Dube v. Volcano Techonologies Fact: Mr Dube was recruited in September 1997 as the production manager for
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agreement normally can be avoided since he or she didn’t freely come to agreement with the terms. Normally‚ an unknowing person has a choice terminate the contract all together and return to their beginning place or proceed with the contract and seek damages for harms resulting from the fraud (Miller 281). Fraudulent misrepresentation is referenced only to misrepresentation that is knowingly not true and is meant to misguide the other person. Typically‚ fraud contains three aspects; a misrepresentation
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Disaster Recovery Plan The majority of the administrative elements and many of the academic programs are heavily dependent and integrated with data processing to the extent that continued operation without data processing would require extensive alteration in methods of doing business. In the event that data processing services are interrupted for any extensive period of time‚ it is necessary that the University have a plan for continuing operations and reestablishing automated data processing.
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1) a) Explain how the making of the contract between the consignor and the railway station can exist? The contract between the consignor and the railway company will existing when the railway company has accepted the goods for carriage from the consignor and together with the consignment note make by consignor. The acceptance will be established with the consignment note and will be stamp of the forwarding station. The consignment note is made by the consignor with three copy‚ each copy for
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