1. Invested $70000 in business. 2. business purchased supplies and carpet the amount of supplies 500 and the amount of carpet was $50 paid in cash 3. The advertising of business on cash of 200 4. The business collected loan from bank of 8000 5. The business purchased truck of 9000 in cash 6. Business purchased 100 computer systems of 60000. The business pay 30000 in cash and the rest of amount will after 3 week 7. Business purchased supplies of $500 and write on note that will return after
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is to change the law as it applies to the general population. A minority of Private Members’ Bills becomes law but‚ by creating publicity an issue‚ they may affect legislation indirectly. Like other Public Bills‚ private Member’s Bills can be introduced in either House and must go through the same set stages. However‚ as less time is allocated to these Bills‚ it’s likely they will proceed through all stages. A Bill is a proposal for a new law‚ or proposal to change an existing law‚ presented for
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Employers Liability and breach of statutory duty Employers liability have both a common law and statutory aspect. Common law = found in tort of negligence. Duties are only owed to employees. Not owed to IC and visitor’s (Occupiers liability) Common Law Basic duty owed at common law by an employer to an employee is founded on the tort of negligence. Authority derives from: Wilsons and Clyde Coal v English [1938] AC 57 Employers have the duty at common law to take reasonable
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ROLE AND FUNCTIONS OF LAW PAPER APRIL 20‚ 2015 ETH/321 PROFESSOR STACY MEALEY In many jurisdictions the judicial branch has the power to change laws through the process of judicial review. The term “judiciary is also used to refer collectively to the personnel‚ such as judges‚ magistrates and other adjudicators‚ who form the core of a judiciary (sometimes referred to as a “bench”)‚ as well as the staffs who keep the system running smoothly. In 1803‚ Marbury vs Madison case
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Seminar 7 Vicarious Liability The problem question deals mainly with the issue of Vicarious Liability and Negligence. In order to advise Jerry one would have to explore the rules of vicarious liability‚ relevant statute law and case law which may apply. Vicarious liability has been defined as the person who commits a wrong must be an employee and not an independent contractor‚ the employee must have committed a tort and the tort must have been in the course of employment. The doctrine of ‘vicarious
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decide whether make a contract or renew a contract with consumers. And also the insurance company wants to decide the price of the contract and terms and conditions of the contract on the basis of the information which is provided by the consumers. The law enforces a duty of disclosure on consumers when they are looking to take a new insurance cover or wants to renew the existing insurance cover. Insurance
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about the subsidiary’s financial position. However‚ the defendant did not want to give the guarantee instead of giving a “letter of comfort”‚ it states that the plaintiff can charge a higher interest. As a result‚ the defendant cannot meet their liabilities‚ so the plaintiff sued them. The court held that the agreement was not binding because the parities did not have the intention to create legal relations. Therefore‚ the plaintiff cannot get the money. Similarly‚ in the study case‚ Anthony is equal
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themselves against the risk of loss. An individual who purchases automobile insurance may be reimbursed by the insurer if his or her car is stolen. Insurance is crucial to personal‚ business‚ and estate planning. Insurance is defined as a contract whereby one party undertakes to identify another against loss‚ damage or liability arising from an unknown event. It is a means of transferring and distributing risk of loss. The risk of loss is spread among all parties or insureds who pay premium to a particular
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Functions of Law Paper Brian Gonzalez Law 421 September 18‚ 2014 University of Phoenix Role and Functions of Law Paper Law works in many ways for business and for our society to coexist. This is done by setting rules and expectations that provide ways to solve disputes and assign government agency to enforce them. Law is defined as “a body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force.” (Melvin‚ 2011). It is very important for business owners to
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went to court to sue the bank for a breach of contract. The breach was as a result of the good faith covenant and fair dealing. Additionally‚ she felt that the mortgage transaction was an example of unfair practice of violations in business under the unfair competition law of the state of California concerning unjust conversion and enrichment. On the basis of the second amended complaint‚ the bank had maintained the activity of procuring costly replacement insurance when mortgagors made a default on
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