Multiple Choice. 3 points per question CLEARLY CIRCLE THE LETTER WHICH INDICATES THE BEST ANSWER FOR THE PROBLEM. 1. In a negligence case‚ the plaintiff must establish: d a. duty‚ strict liability‚ causation‚ and injury. b. mens rea‚ breach‚ foreseeable harm‚ and injury. c. duty‚ actus reus‚ foreseeable harm‚ and causation. d. duty of due care‚ breach‚ causation‚ foreseeable harm‚ and injury. 2. The elements in a defamation case are: a a. defamatory statement; falseness; communication;
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The recent Megalo transaction has brought up several legal issues for our company. The following is a summary of the potential issues that have arisen as a result of the transaction and what they mean for our company. First‚ we must define our role in the transaction. In terms of this contract‚ Burnham is merchant for purposes of the UCC. A merchant is‚ “is a person who deals in goods of the kind involved in the sales contract. Thus‚ a retailer‚ a wholesaler‚ or a manufacturer is a merchant
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In mortgage there is transfer of interest in the property of the creditor but in hypothecation there is only obligation to repay money and no transfer of interest. Assignment: It is a mode of security to a banker for an advance. It is transfer of a right‚ property or a debt. The transferor is called assignor and the transferee assignee. Borrower assigns actionable claims to the banker as a security for an advance. Debt is secured by mortgage of immovable property or by hypothecation or pledge of
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Lender Liability and the Duty of Good Faith I. Introduction From time to time‚ lenders and their attorneys announce that lender liability is no longer an issue with which the lending community needs to be concerned. What usually prompts this proclamation of the death of lender liability is a recent case in which a court has summarily rejected a borrower ’s claim that the lender violated the duty of good faith and fair dealing. Many courts have rejected borrowers ’ lawsuits which are based on
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Answer all questions Question 1 An industrial product may be manufactured by two methods of production. Using Method X‚ fixed costs are RM6‚540‚000 per period and variable costs are RM57 per unit. Using Method Y‚ fixed costs are RM7‚800‚000 per period and variable costs are RM45 per unit. a) Calculate the level of output per period for which the total costs are the same. (3 marks) b) Calculate the total cost per period for Method X at this output. (2 marks) c) State
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Part A: Company formation 1.1 Explain the concept of corporate personality and lifting the veil According to the scenario‚ Emily‚ the sole shareholder and director of OMG Ltd was a private company. Private company defined in s.4 (1) as any company that was not a public company and prohibited from making any offer to the public to subscribe for any securities of the company (s.755) and that there was no minimum share capital requirement for private companies. Also‚ a private company can only have
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University of Dhaka Faculty of Business Studies Department of Finance Course Title: Financial Accounting and Reporting Course Code: F – 504 Submitted By: Sifat Monjur Shamrat Roll: 24040 Submitted To: Samia Sultana Tani Assistant Professor Department of Finance Faculty of Business Studies University of Dhaka Date of Submission: Sunday‚ August 18‚ 2013 August 18‚ 2013 To Samia Sultana Tani Assistant Professor Department of Finance
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cousin of the various security devices used by commercial lenders today. For most of the period since the fourteenth century‚ the evolutionary process has been a gradual one. The past ten years‚ however‚ have witnessed dramatic changes in real estate secured lending. Inflation‚ high real and nominal interest rates‚ the deregulation of financial institutions‚ the growth of pension funds‚ the changing role of life insurance companies‚ the impact of new tax laws and the development of computer programs for
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A.B.COIRS‚ S.F.NO.320/9‚ SERIPALAYAM(POST)‚ ANDIPALAYAM VILLAGE‚ POLLACHI TALUK TRADING ACCOUNT FOR THE YEAR ENDED 31.3.2012 ------------------------------------------------------------------------------ PARTICULARS AMOUNT PARTICULARS AMOUNT ------------------------------------------------------------------------------ To OPENING BY SALES Coconut Husk & Fibre 11‚52‚000.00 Coconut Fibre 84
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the Irish economy has triggered a substantial increase in the number of companies in Ireland which are being deemed insolvent and which are no longer in a position to continue operating as viable entities. This has caused the companies directors‚ creditors and shareholders to seek remedies available under Irish law. The law in Ireland regarding companies in financial difficulties was originally set out by the Companies Act 1963‚ which was amended in 1990‚ and then again in 1999. All cooperate entities
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