registered mortgagee of Bridgman House. The effect of expiry of s 92 Property Law Act. A fixture is anything that was once personal property that has become affixed to the land as to become a part of the land and part of the real property.1 The essential question here is whether it has become so affixed to the land that it is part of the Equity Finance Limited security and has to remain on site with the expiry of s 92 Property Law Act 1952. The starting point is the test set out in Holland v Hodgson
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trifecta) | 5% | * Insurance Premiums (except purely cooperative companies/org) doing life business in Phils. * Nonlife insurance (direct purchase by property owner) | 5% | * GR Tax on Banks‚ on interests‚ commissions and discounts with maturity period of 5 years or less | 7% | * Royalties‚ rentals of property‚ real or personal profit from exchange * On net trading gains within the taxable year on foreign currency‚ debt securities‚ derivatives and other similar fin. Instruments |
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Planning 9/22/2010 Chapter 3 Learning Objectives 1. Real property is any subset of land that has been legally defined and the improvements to it made by human efforts. EX: Buildings‚ machines well‚ dams‚ ponds. Personal property is private property which is moveable‚ can be moved from one location to another. EX: livestock. The two types of personal property is tangible personal property and intangible personal property. Tangible property can be moved‚ intangible can’t be moved such as securities
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the steps that I would take to enforce the judgment against Doris McFarland: 1. I would prepare a demand letter for signature by the Attorney and send it to McFarland. 2. I would prepare an abstract of judgment to place a lien against any real property owned by McFarland.
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extended to their owners. Examples of intangible assets can be a patent or a trademark. Property‚ plant‚ and equipment include furniture‚ machinery‚ computers‚ and fixtures that can be removed and used somewhere else. Real property is land‚ land improvements‚ building‚ and other structures attached to the land. Cost basis of a long-lived asset for tangible personal property The total cost of tangible personal property asset may consist of several elements. Every element is debited to the account for
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LAW RULES RELATING TO PROPERTY IN CONFLICT OF LAWS WITH AN EMPHASIS ON THE CASE OF RE MIDLETON’S SETTLEMENT INTRODUCTION Conflict of laws involves situations when there is a foreign element in a case. There are three main questions which arise for determination in conflict of laws: choice of jurisdiction‚ choice of law‚ and recognition and enforcement of foreign judgment. This work relates to choice of law rules in conflict of laws as regards property with a special emphasis
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Response Essay to Who is This Man‚ and Why Is He Screaming? The lines between personal property and public domain are becoming increasingly blurred as more people become connected by the internet. In her article‚ the main point Rachel Kadish makes is that‚ "If your face isn’t private property‚ what is?" (Kadish 262). She is referring to the self portrait of her cousin‚ Noam Galai. After he uploaded the picture to his Flickr account‚ it was then downloaded by tons of people‚ who represented the
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Introduction Constitution of Working Group Based on the recommendations of Joint Parliamentary Committee (JPC) the Reserve Bank of India advised the Indian Banks’ Association to set up a Working Group to review and suggest changes in the laws relating to creation‚ enforcement and registration of Security Interest. Accordingly‚ with the approval of the Managing Committee‚ the IBA‚ in October 2003‚ formed a Working Group under the Chairmanship of Dr. Anil K Khandelwal‚ the then Executive Director
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the court shall presume that the breach of a contract to transfer immovable property cannot be adequately relieved by compensation in money. the breach of a contract to transfer a movable property can be so relieved except when the property is not an ordinary article of commerce‚ or is of special value or interest to the plaintiff or consists of goods which are not easily available in the market. where the property is held by the defendant as the agent or trustee of the plaintiff. Nivarti Govind
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Hypothecation: Under this mode of security‚ loans are provided against the security of movable property‚ usually inventory of goods. The goods hypothecated‚ however‚ continue to be in the possession of the owner of these goods (i.e.‚ the borrower). The rights of the lending institution (hypothecatee) depend upon the terms of contract between the borrower and the lender. Although the lender does not have physical possessions of the goods‚ it has legal right to sell the goods to realize the outstanding
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