Equipment | | | 14 | | | | | | | Questions & Answers | | | 16 | | | | | | | Conclusion | | | 19 | | | | | | | Appendices : | | | 20 | | | | | | 1 | Further Information on Lease | | | i | 2 | Further Information on Research & Development Costs | | | ii | 3 | Further Information on Basket Purchase | | | iii | 4 | Copy of Original Case Question | | | iv | 5 | Copy of Oral Presentation Handouts |
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1976 SC 2335; Pooran Chand v. Motilal‚ AIR 164 SC 461; Union of India v. RR Hingorani‚ 1987 1 SCC 551; Atyam Veerraja v. Pechatti Venkanna‚ AIR 166 SC 629 Case Note: Interpretaion of documents - Lease deed-period of lease can not be infinite by mere provision of renewal every three years when lease was for specific period. Tort - Damages/mesne profits-for illegal occupation of premises after tenancy came to an end after efflux of time-can be granted at a higher rate provided it is not penal
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agrees to pay the landlord for use of the property. The lease is the actual document that lists the rights and duties of the two parties. It is the actual agreement that spells out the terms and conditions that the two parties agree too. After an agreement is reached between the two parties the landlord has two responsibilities. The first responsibility is to deliver possession of the property to the tenant at the beginning of the lease. This forces the landlord to prepare the property and insure
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Question 1 XYZ Corporation is analyzing the possible acquisition of Stake Technology Inc.. Both firms have no debt. XYZ Corporation believes the acquisition will increase its total after-tax annual cash flows by $0.33 million indefinitely. The current market value of Stake Technology Inc. is $10.80 million‚ and that of XYZ Corporation is $14.20 million. The appropriate discount rate for the incremental cash flows is 11 percent. XYZ Corporation is trying to decide whether it should offer 42 percent
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Goliath Co. The lease term is non-cancelable for ten years. The lease was signed on December 15‚ 2004‚ but the lessee’s right to use the turbine starts on January 1‚ 2005. Issues and Facts There are three specific provisions associated with the lease. Provision 1: In negotiating the lease agreement‚ Big Bear paid $500‚000 to its legal counsel Stipe‚ Berry‚ Mills and Buck LLP. The company is also required to pay $1 million of legal fees incurred by the lessor. Provision 2: The lease states a provision
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responsibilities of the tenant and the landlord. Landlord rights incorporate • Accepting full‚ convenient installment of rent as concurred in the lease. • Charging late expenses for past due rent if indicated in the lease. • Tenant’s support of the premises unless generally specified in the lease. • Ousting tenant for legitimate reasons indicated in the lease. Landlord obligations incorporate • Keeping tenants’ units and basic territories sheltered and fit for home. • Conveying the privilege of
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going to be $240 each. Salesman B proposed to lease the golf carts for $500 dollars per cart per year. This was payable at the end of the year for five years and the contract could be cancelled at any time with 90 days notice. This deal was easier to get out of. Either way $420 dollars in costs per cart per year were expected and revenue of $84000 per year was expected. EXECUTIVE SUMMARY This case concerns whether to buy golf carts or lease golf carts. The financial implications are
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On January 1‚ 2006‚ Lani Company entered into a noncancelable lease for a machine to be used in its manufacturing operations. The lease transfers ownership of the machine to Lani by the end of the lease term. The term of the lease is eight years. The minimum lease payment made by Lani on January 1‚ 2006‚ was one of eight equal annual payments. At the inception of the lease‚ the criteria established for classification as a capital lease by the lessee were met. Required: a.) What is the theoretical
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Bittamleek‚ AAOIFI‚ Bahrain Abdullah‚ M.A. 2000.An Overview of Islamic Financing Methods (Definitions from a legal perspective) http://www.worldlegalforum.co.uk/Bahrain/articles/200006011102.html Accounting for Leases. International Accounting Standard (IAS17). Accounting Standard for Leases. Malaysian Accounting Standard Board (MASB 10). Al-Hathal‚ N.1997. Innovation in Ijarah Financing. Proceedings of the Labuan International Summit on Islamic Financial & Investment Instruments Conference. Collet
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AGREEMENT OF LEASE The Agreement of Lease is made ____ day of March‚ 2013 between Shri Kilaru Jogendra Narayana Prasad‚ Hindu‚ residing at D.No.27-8-1/A‚ Ground Floor‚ Masjid Street‚ Governorpet‚ Vijayawada - 520002 (herein after called Lessor which term shall include his heirs‚ representatives and assigns) and Shri Manoj Kumar Agarwal son of Sita Ram Ghiraya aged about 49 years presently residing at No.413‚ Indira Towers‚ American Hospital Road‚ Vijayawada – 520 002 Andhra Pradesh (herein
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