4) TRANSFER OF PROPERTY IN GOODS AS BETWEEN SELLER AND BUYER & RISK The property in the goods is defined to be transferred from the seller to the buyer when the latter acquires the proprietary rights over the goods and the obligations linked thereto. ’Property in Goods’ which means the ownership of goods‚ is different from possession of goods which means the physical custody or control of the goods. Otherwise ‚ a person may be in possession the goods passes to the buyer because of the consequences
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CBI Holdings Case 2.6 Background CBI Holding a New York based firm serves as the parent company for several wholly owned subsidiaries. Ernst and Young became CBI’s independent auditors and performed audits for CBI’s financial statements from 1990 through 1993. Ernst and Young failed to investigate the alleged advances and conform to clients facts which may include investigating credit limit and analyzing vendor’s payable accounts. Instead the auditors record in their work papers the client’s
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“Bleeding Kansas” was a term used by Horace Greeley of the New York Tribune to describe the violence between pro and antislavery forces in the Kansas territory during the mid and late 1850s. The blame of who is responsible for this violence is placed on both sides yet it seems that the South should take more responsibility for the violence there. First off‚ the south starts the violence with no incitement from the North at the Raid on Lawrence. Then there was the Sumner-Brooks issue after Sumner
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Khind Holdings Berhad or Khind is a Malaysian leading electrical and electronics appliances company Founded in 1961 by Cheng King Fa. He is 73 years old and the business origin from a small family business at 52 years ago. With 50 years’ experience in the electrical industry‚ he provides invaluable advice to the Group on production‚ marketing‚ new product research and development. Khind has been expanding its business in Malaysia‚ Singapore and Hong Kong in recent years‚ primarily through Khind
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Gale Sayers was born May 40‚ 1943 in Wichita‚ Kansas. He played for the Chicago Bears for several seasons. Previous to his football career‚ Mr. Sayers participated in football and track at Omaha Central High School. Then‚ he moved on to University of Kansas football. Moreover‚ Gale Sayers was the “Kansas Comet.” “Kansas Comet” set many records and accomplished many goals. In a legendary game between the Bears and 49ers‚ he tied with a National Football League (NFL) record by gathering six touchdowns
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Intellectual property is the property generated in the process of intellectual activities. It can be possessed and used‚ and generated benefits. The major components of intellectual property include copyrights‚ patents‚ and trademarks. Similar to tangible property‚ intellectual property which is an intangible property is also protected by the law. The governments and parliaments have given the creators the rights as an incentive to produce ideas that will benefit society as a whole‚ by preventing
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Rights above and below land The concept of “land” only extends upwards to a height necessary for the ordinary use and enjoyment of the surface (Bernstein v Skyviews & General Ltd [1978])Trespass above land at lower levels: “not whether the incursion actually interferes with the occupier’s actual use of the land at the time‚ but rather whether it is of a nature and at a height which may interfere with any ordinary uses of the land which the occupier may see fit to undertake” (LJP Investments v Howard
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Charissa Sim Yik Jia Qi Ong Shu Fang acct103-G4 Analysis of Popular Holdings Limited Financial Accounting Term Project (for OBHR 001 – Leadership and Teambuilding) Executive Summary Popular Holdings is a main board listed company in Singapore. It was incorporated in Singapore on 5 October 1996 as a private company under Popular Holdings Limited and the principal activity is that of an investment holding. Popular Holdings has many subsidiary companies and most of them are engaged in diverse
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1. Intellectual property refers to the legal section of an idea. It allows businesses and the owners‚ innovators and creators to have their work protected and to prevent it from being copied. There are different ways you can protect your intellectual property: copyright‚ trademarks and patents. 2. It is important to protect your rights to intellectual property as it stops people from stealing or copying the names of your products or brands; your inventions; the design or look of your products; things
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In a well-known legal case‚ a classic conflict of property rights was featured. Red cedar trees‚ used only for ornamental purposes‚ carried a disease that could destroy apple orchards within a radius of two miles. There was no known way of curing the disease except by destroying the cedar trees or by ensuring that apple orchards were at least two miles away from the cedar trees. Apply the Coase theorem to this situation. Does it make any difference to the outcome whether the cedar tree owners are
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