The personal liability of third parties for having received or dealt with trust rights or their traceable substitutes which they received in breach of trust is known as recipient liability. Knowing receipt arises where the recipient has some degree of knowledge that the property was received in breach of the trust or following receipt acquired some degree of knowledge that the rights were trust rights and dealth with them as his/her own instead of returning them to the trust. In Re Montagu’s Settlement
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Law 101 Part 1 Ben and Carl are proposing to start their own business and need to know the most appropriate structure to use when setting up their business. There is clear intention from both parties to establish a business as shown by Ben and Carl’s confidence of “a good gap in the market” that will lead to “the business being a success”. The three structures available for business owners are sole trader, partnership or company. From the information provided in the scenario Ben and Carl can exclude
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BLAW 510 Notes Lecture #1 NY State Local Courts Specialty Court Main 3 Tier System County Court Family Court Court of Appeals City Court Surrogate’s Court Appellate Division Town & Village Court Court of Claims Supreme Court Town & Village You don’t have to be a licensed attorney to become a town / village judge Traffic tickets are the most cases in town/village court DWI Reckless Driving AUO Limited Criminal Jurisdiction (Jurisdiction = Authority) Misdemeanor
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Immersive Case Core 1 – Week 1 Immersive Case Exhibit – Modern Design Co. To: Asha From: CPA Date: January 10, 2015 Subject: Modern Design Co. (MD) The following are explanations of the accounting issues as well as the analysis and recommendation to resolve the issue. Also included are the adjustments to the financial statements (Appendix A). Barbor sofa order Issue On December 11, MD received an order for a total price of $22,100. Barbor Furniture Ltd. (Barbor) provided a deposit
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Contracts: A contract is an agreement that creates obligations that are enforceable by the law. A contract can either be written or spoken. There are elements to a contract that make it valid and binding. This is defined as a clear manifestation of willingness to enter an agreement made by another person with full understanding that their assent to the bargain is an invitation and is concluded. As to whether there was an offer in this case, yes there is an offer. When the salesman offered the buyers
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company made a mistake in having an oral contract with the other party. This is because, if you promise to sell something to someone else, you have already made the contract. Apart from promising to sell the land, the CEO had already received ten thousand US dollars to make the contract live. As everyone is aware that a contract is a legally enforceable agreement between two or more parties. We as the company after realizing that we have made a woeful contract it is not a wise decision to get out of
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Barriers to Negotiation | SUBJECT: Effective Negotiation Techniques | TEACHER: Ingrid Berumen STUDENT NAME: Erika Sugey De la Cruz Santillan GROUP: 3D DATE: 09/06/2016 | Report Homework Report Homework INTRODUCTION: This
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LAW ON OBLIGATIONS (Articles 1156-1304 of the Civil Code) I. Obligations – General Provisions 1. Meaning of “Law on Obligations and Contracts”? The law on obligations and contracts is the body of rules which deals with the nature and resources of obligations and rights and duties arising from agreements and contracts. 2. Source of the Law on Obligations and Contracts is the Civil Code of the Philippines (Republic Act No. 388) which took effect August 30, 1950. The Civil Code is derived from the Civil
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500. Vivian informed Bernie that she needed an additional three weeks in order to obtain the funds. Bernie agreed to give Vivian until March 31st to purchase the vehicle under the condition that she put down a $1,000 deposit. Vivian agreed to the contract terms written by Bernie as shown below. Bernie agrees to sell his 2006 Ford Fusion to Vivian for $12,500 and Vivian agrees to purchase the same for such price. The transaction shall take place no later than March 31. In the event that the seller
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exception of agents, employees, and public officials within the scope of their employment or official duties.” 17-4 Northern Corp. v. Chugach Electrical Association Facts: Northern entered into a contract with Chugach to repair and upgrade the upstream face of Cooper Lake Dam in August 1966. To contract required Northern to pick up rock from a quarry at the opposite end of the lake, and then transport the rock across the frozen lake to the dam during the winter months. Northern cleared the road
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