ACC/541 subject: lease structure recommendation date: February 4‚ 2013 Research into an appropriate lease structure for acquiring 20 additional truck trailers‚ indicate that the category for an equipment lease depends on the criteria met in paragraph seven and eight of the Statement of Financial Accounting Standards (SFAS) number 13. According to the Financial Accounting Standards Board (FASB)‚ the options available to the client are to get an operating lease‚ or a capital lease‚ such as a direct
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Seva Bharat recognizes the critical importance of protecting the privacy of individuals and securing the confidentiality of all official records. Employees of the Department of Information Technology (IT) will make appropriate efforts to protect and secure official data and information. IT positions frequently have privileged access to computing systems‚ applications‚ databases‚ network monitoring tools and other equipment that may contain records and information that are private and confidential
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AGREEMENT OF SALE This Agreement of Sale is made and executed on this the 16th Day of March‚ 2013 by and between : Smt. CH. PADMAVATHI‚ W/o. Sri. Srinivasa Rao‚ aged about 51 years‚ Occ: Business‚ R/o. Plot no. 174‚ Road No. 72‚ Prashasan Nagar‚ Jubilee Hills‚ Hyderabad – 500033. (Hereinafter called the VENDOR which term shall mean and include all her legal heirs‚ representatives‚ executors‚ administrators and assignees etc.). INFVOUR OF Sri. MANDALA SRIRAMULU‚ S/o. Late
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PAPER – CONTRACT 1 Define contract. Explain the essentials of valid contract. A voluntary‚ deliberate‚ and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied‚ and generally have to do with employment‚ sale or lease‚ or tenancy. 1. Essentials of a valid contract All agreements are not contracts. Only that agreements which is enforceable at law is a contract. An agreement which is enforceable at law cannot be contract. Thus
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CONTRACTS CONTRACT a meeting of minds between 2 persons whereby one binds himself‚ with respect to the other‚ to give something or to render some service (ARTICLE 1305) GENERAL PROVISIONS (Arts. 1305-1317) Distinguish an ordinary Contract: a.) from a Contract of marriage b.) from an obligation c.) from an imperfect promise d.) from a pact e.) from a stipulation a.) from a Contract of marriage ORDINARY CONTRACT 1. The parties may be 2 or more persons of same or different genders
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commercial banks and development finance institutions (DFIs) have been the traditional lending institutions in Bangladesh. In fact‚ the concept of lease financing is a relatively new one in the country. Initially‚ leasing companies had to adopt the role of educators to make Bangladeshi entrepreneurs aware of the benefits of leasing. However‚ Lease financing was first introduced in Bangladesh in the early 1980s. The first leasing company of Bangladesh‚ Industrial Development Leasing Company of
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Introduction Accounting for leases is regulated by the Financial Accounting Standards Board (FASB) in United States .Standards for accounting leases have been effective since 1977 (Accounting Standard Board‚ 2004). The primary standard for lease accounting is Statement of Financial Accounting Standards No. 13 (FAS 13). According to FASB (1976)‚ a lease is an agreement conveying the right to use property‚ plant‚ and equipment (PPE) usually for a stated period of time. Examples of assets that can
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Automobiles In America‚ cars have become a way of life‚ and most people could not live without one. They have also become the second largest financial commitment that most people will make‚ outside of buying a house‚ and for some people‚ there car will cost more then their house (Bauldings‚ 2004). Lease Versus Buying Obviously in today ’s financial world there are numerous options to consider when making this financial decision. Essentially the decision you want to make is based on what is the best way
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Land Law Leases 1. Introduction Leases in general may be the most valuable category of interest in land other than freehold estate. A lease may also constitute a legal estate. In some cases‚ such as flats‚ it may even replace freehold as the operational form of “ownership”. On the other hand‚ a lease is also a contract between two parties. It serves important social functions‚ sometimes much more than land ownership‚ and therefore has been receiving unyielding attention from the legislature
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not overly-concerned with the niceties of offer and acceptance it follows that their contracts may not be all-embracing and complete in every respect. The parties may have reached an agreement in principle and then prefer to rely on experience from previous dealings‚ business practice and goodwill. The law’s overall policy is to uphold bargains wherever possible and although businessmen tend to record their agreements in ‘crude and summary fashion’ the law should not be ‘too astute or subtle in finding
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