Law essay Sally agrees to sell 1‚000 tons of polyester fiber to Barry at $10 a ton. She delivers 500 tons under a contract which expressly provides: “…the ownership of the goods shall remain with the Seller which reserves the right to dispose of the goods until payment in full for all goods supplied has been received by it or until such time as the buyer sells the goods to its customers by way of bona fide sale at full market value.” The buyer pays $2500 but subsequently becomes insolvent
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Governmental Acct. Chapter 1 Homework 1-1) What justifies the different accounting & financial reporting practices of gvmt. & not-for-profit organizations as compared with business organizations? The fact that governments may have a monopoly on the services that they provide and the taxpayers must provide resources to them regardless of what they are‚ and efficiency is hard to measure as well as the quantity or quality of the services. 1-2) Describe the principal differences that distinguish
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ERISA Paper Many individuals have or had money invested within the companies they work for. A few persons may have had certain benefits and the company was not paying their part of the benefits properly. A number of companies went bankrupt or just went out of business and the monies invested by these individuals would be lost. There had to be a law made to protect individuals and the benefits. The Employment Retirement Income Security Act is a federal law that was established in 1974. The Act
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THE ADVANTAGES AND DISADVANTAGES OF ARBITRATION AS COMPARED TO LITIGATION By Arthur Mazirow‚ Esq.‚ CRE Real Estate Arbitrator‚ Mediator‚ Expert Witness and Consultant Los Angeles‚ California Website: Mazirow.com Presented to The Counselors of Real Estate April 13‚ 2008 Chicago‚ Ilinois 796608.1 © 2008 Arthur Mazirow 796608.1 © 2008 Arthur Mazirow The Advantages and Disadvantages of Arbitration As Compared to Litigation By Arthur Mazirow‚ Esq.‚ CRE Los Angeles‚ California
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except one suffered substantial losses. Buders ex-wife‚ Sartore‚ sued him‚ alleging that he had breached his fiduciary duty owed to the children under the UGMA. She sought to recover the funds lost by Buders investment of the childrens funds in penny stocks. Who wins? Buder v. Sartore‚ 774 P.2d 1383‚ Web 1989 Colo. Lexis 227 (Supreme Court of Colorado) Buder as the trustee owes a fiduciary duty to his kids in regards to how he handles the gifts. The laws states that trustee cannot use a beneficiarys
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output is determined by preferences of individual consumers who select from among the available goods and services so as to maximize the satisfaction of their preferences Role – structured set of relationships accompanying rights and obligations Fiduciaries – a person who has been entrusted with the care of another’s property or assets and who has a responsibility to exercise discretionary judgment in this capacity solely in this other person’s interest Agent – a party who has been engaged to act
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like fat men at a smorgasbord‚ feasted on their annual partnership profits significantly increased by fees of dubious reports and questionable audits. Their executives’ actions point to a failing in their fiduciary duties. What we see is a complete lapse of judgment‚ which compromised their fiduciary responsibilities. The disgrace of KPMG in South Africa should be a warning siren for the other audit firms to reassess their internal processes and their corporate governance mechanisms. This is vital for
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The case that I selected was in the area of law concerning employee confidentiality agreements and trade secrets. My employer‚ Eaton Corporation‚ is the plaintiff in this case and was the second reason for its selection. I personally have been involved in trade secret discussions with colleagues regarding information that was deemed “trade secret” and I wanted to find out more about it which is the third reason for this topic to be selected. Facts of the case: David Giere (Giere) was an employee
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One of the major parts in corporate governance is the director’s code of ethics. The system of law in our life today is closely related to ethics where the law is used to enforce definite rights and duties. Code of Ethics for Company Directors also has been listed down in the portal of Suruhanjaya Syarikat Malaysia. This is because; a position of trust with the public‚ stakeholders‚ officers and the employees of the corporation is hold by the director. So the director’s code of ethics is the written
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expenses with the government activities. 2. 5. The GASB requires that the permanent fund to be reported as a specific program and it is non-restricted by the general revenue. The funds are recognized the same way by modified accrual the fiduciary funds. The fiduciary fund is recorded the same way as permanent funds‚ however the government wide statement does not record them. 3. 15. The agency fund has the cash and liabilities activities‚ however‚ it does not have the balances. The reason why that
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