Charlie is going to rescind the contract. He demands return of his money and compensation for the loss of commission on several high profile sales of his business. He wants to rescind the contract because the package of software recommend by Carmine was obsolete‚ despite Carmine’s assurances. This problem is concerned with the contents of the contract which is term in the contract‚ the misrepresentation and unconscionable conduct. Charlie will claim that Carmine verbal assurances about the
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Week 5 : C Corporations Concluded - Homework ES Page 1 1. (TCO E) For federal tax purposes‚ royalty income that is not derived in the ordinary course of a business is classified as: (Points : 5) portfolio income. answer active income. passive income. None of the above 2. (TCO F) When comparing corporate and individual taxation‚ the following statement is true: (Points : 5) Unlike individual taxpayer‚ corporate may not have a long-term capital loss carryforward
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Week 6 Knowledge Check Top of Form 1 . As a university student‚ your institution’s social principles and practices reflect on you‚ as a stakeholder‚ in the organization. Therefore‚ it is your right to question how these practices should be evaluated in relation to the social issues that your school is addressing. If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees’ work environment‚ it would be said to have fulfilled its ________.
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of businesses described in the course readings delegated to week two of the course syllabus. Further‚ this involved the detailed analysis of the similarities and differences‚ as well as‚ the unique principles and reasons behind each of the business forms‚ and to do so in a way that eventually allowed one to determine a business scenario that worked best for each form described. In the end‚ it became quite clear that whether a business takes on the form of a sole proprietorship‚ general partnership
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When I first thought about the questions this week I had to step back and really think about what was being asked and why. The first question involves increasing U.S sports franchises popularity overseas and the cultural obstacles one must overcome. The next question deals with making products from these franchises appropriate for international market‚ and the last question brings in our government‚ would placing tariffs on imported products protect our industries. These three questions have multiple
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Federal court The Federal Court is the highest judicial authority in the country. It was established pursuant to Article 121(2) of the Federal Constitution. Its decision binds all the courts below. The Federal Court hears appeals from the Court of Appeal. Leave to appeal must always be obtained prior to proceeding with the appeal. The Federal Court is headed by the Chief Justice. According to Article 122(1) of the Federal Constitution‚ the Federal Court shall consist of the Chief Justice‚ the President
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from a sudden event like: dumping‚ war‚ natural disaster‚ etc. However‚ in most of the cases‚ the exchange rate risk is considered as one of many business risks that companies have to anticipate and face. In this case‚ the event that the value of Swiss franc rose against the U.S. dollar‚ which reduced the profit of the importer‚ was just a popular business risk. Moreover‚ the effect of this currency fluctuation just reduced a half of the importer’s
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Easybuy exports Judy Claymore Amar Dwarkasing Powisielaan #13‚ Suriname Kalpoeweg #10‚ Suriname Phone: 8906520 Phone: 8600365 Email: judyclay@msn.com Email: easybuy@hotmail
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contract who is of age of majority according to law to which he is subject‚ and who is of sound mind‚ and is not disqualified from contracting by any law to which he is subject.” It means that the following three categories of persons are not competent to contract. 1. A person who has not attained the age of majority‚ i.e.‚ one who is minor. 2. A person who is of unsound mind 3. A person who has been disqualified from contracting by some law. Although the above mentioned categories of
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Exercises & Problems Week Six Robert A. Dan XACC/291 January 26‚ 2014 Christopher Phillips Exercises & Problems Week Six E11-15 Before After Stock Dividend After Stock Split Shareholders’ assets Paid-in capital Ordinary shares In excess of par value Total paid-in capital Saved earnings Total shareholders’ assets 600‚000 0 600‚000 900‚000 1‚500‚000 630‚000 12‚000 642‚000 858‚000 1‚500‚000 600‚000
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