OBLIGATIONS From latin words‚ obligatio/obligare – “to tie” or “to bind” Juridical necessity – enforceable to courts 1) CIVIL (positive) and Natural 2) REQUISITES OF OBLIGATION a) Active – creditor / obligee – has the right b) Passive – debtor / obligor – has the duty c) Prestation – object / subject matter c.i) Obligation to give (Real Obligation) (c.i.1) Determinate Thing – res perit domino – thing perishes with the owner (c.i.1.a) Standard care – diligence of a good father / if the
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volume of transactions. Although this type of financing can be for long term‚ most lease financing is for periods of less than ten years. Under the subject of finance our concern is with financial leases rather than with operating leases. Hence we will study here about the financial lease. A lease is a means by which a firm can acquire the economic use of an asset for a specific period of time. A financial lease is a non canceleable contractual commitment on the part of a lessee to make a series
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Agreement Overview: This agreement represents a Service Level Agreement between Finman Account Management LLC‚ Datanal Inc and Minertek Inc for providing IT services that is needed to support and sustain Finman’s products and services. This Agreement will remain valid until it is superseded by a revised agreement which will be mutually signed by the stakeholders. This Agreement outlines the parameters of all IT services which is covered and it does not supersede the current processes and procedures
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Each year the number of leasing agreements continues to grow. There are several advantages of leasing property instead of owning. The company is protected against obsolescence and can receive 100% financing with less cost‚ fixed payments‚ and more flexibility (Schroeder‚ Clark‚ & Cathey‚ 2011). The new business opportunity for the client will require 20 more trucks than XYZ Trucking Inc. currently owns. The FASB issued SFAS No. 13‚ “Accounting for Leases” to establish standards of financial
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TWO WATER PROVISION METHODS FOR AN ARID REGION VEERANATHA PIMOLTIP Table of Contents Introduction Nowadays we can’t deny that the water is important for humans‚ plants and animals life. All living things around the world can live without water in every day; we use water for drinking‚ agriculture‚ industrial‚ travel‚ transportation and many other things. However some areas still have the region arid too. There are lacks of available water to use
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Memorandum To: Supervisor From: Date: March 14‚ 2011 Re: Leases and Lease Issues CONFIDENTIAL The trucking company currently owns 100 trailers and a new client have requested 20 more for a total of 120 trailers for its project. The relationship with the new client is uncertain but at the same time it has potential for significant growth of the company. The uncertainty of the relationship may have an effect on the financial position of the client company
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actions)—whereby rights and actions are lost by the lapse of time ( Articles 1106‚ par. 2 and 1139 ). This refers to the timeframe within which an action should be filed in court from thetime the cause of action has accrued‚ failing in which‚ theaction is deemed barred by the lapse of the prescribed time. W HAT IS THE DIFFERENCE BETWEEN THE TWO CONCEPTS ? a. Acquisitive prescription is a mode of acquiring ownership whileextinctive prescription is a way of extinguishing a cause
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161. Requisite of Novation A previous valid obligation Capacity and intention of the parties to modify or extinguish the obligation. The modification or extinguishment of the obligation. The creation of a new valid obligation. 162. Kinds of Novation 1. According to origin A. Legal B. Conventional 2. According to how it is constituted A. Express B. Implied 3. According to extent or effect a. Total or extinctive b. Partial or modificatory 4. According to the subject a. Real or objective
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[pic] [pic] Course code: F-201 Course title: Financial accounting -2 Submitted to: Tahmina Akter Lecturer Department of Finance University of Dhaka Submitted by: |Name | |
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semi-arid regions which mainly located in North Africa‚ the Middle East‚ south America‚ as well as Australia. Those areas suffer by very limited rainfall‚ evaporation because of high temperatures‚ lack of natural clear water to supplies their populations’ need and poor governance in water(International Water Management Institute( IWMI)‚2007). Water is vital and life-sustaining resources for human use in household‚ agriculture and industry‚ however‚ one-third of total land surface in the world classed
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