THIRD DIVISION [G.R. No. 154765. March 29‚ 2007.] PEDRO T. BERCERO‚ petitioner‚ vs. CAPITOL DEVELOPMENT CORPORATION‚ 1 respondent. D E C I S I O N AUSTRIA-MARTINEZ‚ J p: Before the Court is a Petition for Review on Certiorari under Rule 45 of the Revised Rules of Court assailing the Decision 2 dated February 11‚ 2002 of the Court of Appeals (CA) in CA-G.R. CV No. 56484 which set aside the Decision 3 dated May 27‚ 1996 of the Regional Trial Court‚ Branch 88‚ Quezon City (RTC-Branch 88) in Civil Case
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How do we account for it? Accounting at McCloud Winery Accounting for a lease Capital lease – Treated as an acquisition of the asset financed by a loan Operating lease – Treated as a rental agreement A leas is a capital lease if 1. 2. 3. – – There exists a bargain purchase option at the end of the lease The lease covers more than 75% of the economic life of the asset The PV of future lease payments is at least 90% of the market value of the asset Only one condition
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you believe is a terrific idea for a video game‚ you lease 50‚000 square feet in an office building from Commercial Property‚ LLC‚ under a written five-year lease. Your goal is to put the game on the market within two years. Several months into the term‚ a competitor unexpectedly releases a new game title featuring play that would make your game appear to be a poorly crafted imitation. Can you assign the lease to another party? Explain. A leases is a transfer of real property by a landlord to a tenant
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BF 1203 TRANSACTION IN ISLAMIC BANKING & FINANCE FACULTY OF BUSINESS AND MANAGEMENT OF SCIENCES TOPIC: IJARAH Done by: Muhammad Hibatul Hakimi b Haji Suhaili (10B0911) Contents Introduction 1 Basis of Ijarah 2 Essential elements of ijarah contract 2 Modus Operandi 3 3 Selected Banks 4 Conclusion 6 Bibliography 6 Introduction An Islamic alternative to conventional leasing is ijarah. Ijarah is a derivative of the Arabic words ‘ajr’ and ujrah which means consideration
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No attempt is made either to exhaustively deal with the subject or to intensively probe into each doctrine. Wherever it is found essential‚ a comparative picture is drawn comparing the Indian Law with the English. Some topics especially on Gifts‚ Leases & Exchange. are too simple and easy to understand. Though the preliminary aspects relating to transfer‚ sale & Mortgage‚ are simple the various doctrines in their ramification present themselves to be formidable. A careful study should be made to
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was 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 different
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Expatriate Policy of Schlumberger Schlumberger Schlumberger is the largest oilfields services company with operation worldwide. It is the leader in the supply of technology‚ integrated project management and information solutions to customers in the oil and gas industry worldwide. It employs approximately 120000 people. The employees come from around 140 different nationalities working in around 85 countries around the world representing the diversity within the workforce of the company. It provides
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eRMIT UNIVERSITY EXAM COVER SHEET NOTE: This exam paper may be RETAINED by the student EXAM DETAILS Course Code: Course Description: ACCT1048 Corporate Accounting 19/06/2012 Start time of exam: Date of exam: 09:15 Duration of exam: 2hr 15min Total number of pages (incl. this cover sheet) 5 ALLOWABLE MATERIALS AND INSTRUCTIONS TO CANDIDATES 1. Write your fUll name and student number on each exam booklet together with the number of exam books used.
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Memorandum To: From: Date: Re: Prof. Rebecca Ingber Silvia Branca October 22‚ 2013 Ruth Woodard - Rent-stabilized apartment in NYC‚ Eviction Proceeding‚ occupants/subtenants‚ right to succeed QUESTION PRESENTED 1.a Under §235-f of New York Real Property Law‚ which permits a tenant to reside with an immediate family member and/or one additional occupant‚ provided the tenant occupies the premises as a primary residence‚ could Mr. Parker be qualified as an immediate family member or
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liabilities emerging from ownership are borne by partment of IFI while using simple Ijara as a product or the leaser. Thus‚ maintenance of the asset‚ other structuring any product containing Ijrah because without than routine operation expenses‚ during the lease keeping in view all these conditions‚ the product may beperiod is the responsibility of the bank‚ the owner come non Shariah Complaint. of the asset‚ as the benefit (rental) is linked to the responsibility. The lessee can be made liable to the In this
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