Oil and Gas Law Outline Fall 2000 Class One INTRODUCTION Petroleum: generic name for certain combustible hydrocarbon compounds found in the earth A commercial oil deposit requires the presence of a porous‚ permeable rock formation containing oil of a marketable A.P.I. gravity and of producible viscosity. Three fundamental properties of petroleum (for oil and gas production): 1. state (gaseous‚ liquid or solid) 2. specific gravity
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use the goods without interference from a third party or the supplier; and that the goods are free and will remain so when the property is to pass from any charge or encumbrance‚ not disclosed to the buyer before the contract is made. Although these may not appear of particular interest‚ an instance of their importance may be drawn from an application of trade mark law. In the event that a proprietor purchases a registered trade mark with a business‚ it is an implied term of that contract that the
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phenomenon not restricted by the law makers. This trend recommends that cohabitation presupposes a better connotation in people’s life cycles‚ although it may still be untimely to aver that it ought to be observed as functionally corresponding to marriage. Nevertheless‚ the eminent intensity of optimistic misapprehension by cohabitants of their genuine legal position is conceivably further upsetting. There is evidence of a wide spread myth of the ‘common law marriage’ in which the cohabitants
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permitted to collect a debt by seeing property of the debtor (such as wages or funds in a bank account) that is being held by a third party (such as an employer or a bank). As a result of a garnishment proceeding‚ the debtor’s employer may be ordered by the court to turn over a portion of the debtor’s wages to pay the debt. In each state‚ the federal and state laws limit the amount that can be garnished from a debtors weekly pay that they take home. The federal law provides a minimal framework to protect
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will not assist a volunteer? Give factual examples to support answer and relevant cases. There are certain known exemptions to the rule that equity will not assist a volunteer . a) These are where the proposed donee has acquired title to the property by being chosen as administrator of the donor’s estate . That is if a donor has endeavored to create an instant bequest inter vivos to a donee which have not passed by reasons of the fact that the lawful formalities required for the exact transfer
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business Gains derived from dealings in property Interest Rents Royalties Dividends Alimony and separate maintenance payments Annuities Income from life insurance and endowment contracts Pensions Income from discharge of indebtedness Distributive share of partnership gross income Income in respect of a decedent; and Income from an interest in an estate or trust § 1.61-1(a) – Gross income includes income realized in any form‚ whether in money‚ property or services. Gross income includes
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1. Background 2.1. Vietnam Economic Background Vietnam | | Area: 331‚689 km2 Population: 83 million Capital City: Hanoi (population 3.5 million) Largest City: Ho Chi Minh City (population 7.8 million) Currency: Vietnamese Dong (VND) GDP: US$ 104billion GDP per head: approx. US$ 1‚174 Annual Growth: 6.8% Inflation: 21.6% in October 2011 Major exports: (Jan-Sept 2011) Crude oil and gas‚ textiles‚ footwear‚ seafood‚ rice‚ wood products‚ electronics and computers‚ machinery tools
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HOUSING I. Public property and private property 1. In English there is a famous saying ‘an English-man house is castle’.It implies a clear demarcation between private property and public property. Because of this attitude‚ English people like the detached house the most .It give them absolute right in the usage and privacy to their house. On the contrary‚ flats involve uncertainty.They worry about whom (and how) they will share the corridor outsite their front door .Or about the foyer downstair;
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established the following resolutions to scenario I: • The “Catchall Provision” of Internal Revenue Coded states the general rule that the gross estate includes the value of all property interests‚ real or personal‚ tangible or intangible. Under Section 2033‚ the decedent’s estate includes any interest in real estate‚ cash or money equivalents‚ whether kept in a bank‚ savings or checking account‚ certificates of deposit‚ money market funds‚ or a safe-deposit box. The gross estate also includes
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TM-The mode of acquisition of such rights -the method of transfer of those rights to others-the precise nature of infringement of such rights-and the remedies available in respect thereof. What is copyright? Copyright is a right given by the law to creators of literary‚ dramatic‚ musical and artistic works and producers of cinematograph films and sound recordings. In fact‚ it is a bundle of rights including‚ inter alia‚ rights of reproduction‚ communication to the public‚ adaptation and translation
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