Dominador Jimenez sold their share consisting of one-half of said parcel of land‚ specifically the eastern portion thereof‚ to herein petitioner pursuant to a "Kasulatan sa Bilihan ng Lupa." 3Subsequently‚ a "Confirmatory Extrajudicial Partition Agreement" 4 was executed by the Jimenezes‚ wherein the eastern portion of the subject lot‚ with an area of 8‚855 square meters was adjudicated to Jose and Dominador Jimenez‚ while the western portion was allocated to herein private respondents. 3. Thereafter
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Form It is best to firstly explain what leases and licences are. There are two legal estate under the property act 1925 [2] ‚ an estate in fee simple absolute in possession and a term of years absolute. Tenure by a lease is an agreement that the tenant may enjoy exculsive possession for a specified period of time‚ also referred to as ‘term of years absolute’ [3] . The leaseholder may be designated as lessee‚ or termor [4] . The leading authority for leases is Street v Mountford [5] ‚ where the House
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“An agreement made without consideration is void. “With reference to provisions of the Indian Contract Act‚ 1872 examine the validity of the statement and explain the cases in which the statement does not apply. (November 2005) Answer Validity of an Agreement without consideration: The general rule is that an agreement made without consideration is void (Section 25). In every valid contract consideration is very important. A contract may only be enforceable when an adequate consideration is
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Employment Agreement (Sample) THIS AGREEMENT made as of the ______day of__________________‚ 20__ ‚ between [name of employer] a corporation incorporated under the laws of the Province of Ontario‚ and having its principal place of business at _______________________(the "Employer"); and [name of employee]‚ of the City of ____________________in the Province of Ontario (the "Employee"). WHEREAS the Employer desires to obtain the benefit of the services of the Employee‚ and the Employee desires to render
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A contract is an agreement between two or more parties to perform a service‚ provide a product or commit to an act‚ and is enforceable by law. There are several types of contracts‚ and each have specific terms and conditions. All contracts‚ whether verbal or written‚ must include specific components that will make them legally enforceable in a court of law. If any of the components are missing‚ the courts will consider the contract unenforceable. To be enforceable‚ a contract must be legally valid
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As at 31 December 2008 Taka Assets: Non current assets : Property‚ plant and equipment‚ net Intangible assets Investment in shares of X-Net Ltd. Long-term receivables and deposits Current assets: Inventories Deferred cost of connection revenue Accounts receivable‚ net Advances‚ deposits and prepayments Cash and cash equivalents Total assets Equity and Liabilities: Shareholders’ equity: Share capital Share premium Capital reserve Deposit from shareholders General reserve Retained earnings 79
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Why are accounts important To begin by why accounts are important‚ a person should first know what accounts actually mean. Accounts are financial records of an organization that register all financial transactions‚ and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization’s current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet‚ and the income
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MONTHLY RENTAL AGREEMENT THIS AGREEMENT‚ entered into this day of ‚ by and between hereinafter Lessor‚ and hereinafter Lessee. WITNESSETH: That for and in consideration of the payment of the rents and the performance of the covenants contained on the part of Lessee‚ said Lessor foes hereby demise and let unto Lessee‚ and Lessee hires from the Lessor those premises described as: located at for a tenancy from month-to-month commencing on the day of
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‘uniformity’ so in this assignment I will seek to compare and contrast disorderly behaviour through examining‚ ‘How is society made and disorder connected in social life’‚ through the theory of the Buchanan Report and the mass media. I will also evaluate how and why the intervention of Anti Social Behaviour (ASBO) promote the aspect of repairing and making social order is wrongly applied‚ and how the London Transport for London (TFL) is an entity of making and repairing social order. I will also examine
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The Law on Leases from a Legal Concept of “Property” Property in the legal sense is a collection of legal rights over a “thing”. This thing is a relationship that can be described as a power relationship within “real property” concerning legal rights and interests in land. Though the legal concept of property is very much broad and covers many types of proprietary rights‚ which are ‘interests in land’1‚ this essay will focus narrowly on the leasehold estate within the concept of property as a whole
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