of the price. If the recovery of the price is not possible due to the reason of bankruptcy of the buyer, he must have some other remedies. The Sale of Goods Act has made elaborate provisions regarding the rights of an unpaid seller. A seller is person who sells or agrees to sell goods. But for the purpose of Chapter V of the Sales of Goods Act, 1930 the definition of the term “seller” is widened and it includes any person who is in the position of a seller, as for example an agent of the seller to
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Introduction According to Macmillan online Dictionary Equity is a legal system for obtaining a fair result when existing laws do nor provide a solution.(*1).”What is equity and why does the English legal system recognize a body of rules known as equity and maxims of Equity are the major topics I am dealing with in this project. The word ‘equity’ is susceptible to a number of different meanings. In one sense the word means what is ‘fair and just’ and is, therefore, undistinguishable from the general
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BUSINESS AND TRANSFER TAXATION 6th Edition (BY: VALENCIA & ROXAS) 40 SUGGESTED ANSWERS Chapter 6: DONOR’S TAX CHAPTER 6 DONOR’S TAX Problem 6-1 1. False – during the lifetime of the donor. 2. True 3. True 4. False – there is no consideration in donation. 5. True 6. False – It is enough that the duly representative of the incapacitated donee to receive the donation. 7. True 8. False – Real property donation must be put in writing regardless
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ultimate buyer, and therefore F, the real owner cannot recover the car from K. Transfer Of Title By Estoppels As we have learnt earlier, estoppel arises when a person by his/her words or conduct makes another person believe that certain affairs existed. He/she later on not allowed to deny that such a state of affairs did not exist. Applying this rule to a contract of goods act, where the true owner of the goods by his act or omission leads an innocent buyer to believe that the seller has the authority
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2014 Vampire-human contracts for the purchase and sale of blood I proposed the creation of legalized “blood markets” to allow us humans to transfer our property rights in our blood to vampires on a consensual and contractual basis. If both parties benefit, and their is voluntary consent the human-vampire contract should be enforced. It turns an act that was once in the shadows, a sign of duress, into now a legal exercise that has joint cooperation with a beneficial voluntary trade. Their is
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additives in the form of fillers that are used in the polyethylene in order to enhance mechanical properties further. These additives include a maximum of 40mg/kg Titanium, 20mg/kg Aluminum, 5mg/kg Calcium and 30mg/kg Chlorine10. The ASTM requirement also prohibits the addition of stabilizers10. This form of polyethylene, Ultra-High Molecular Weight Polyethylene, also has higher mechanical properties than lower molecular weight polyethylenes. This is due to the fact that an increased molecular weight
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California Real Estate Practice Mid-Term Exam Rooks Summer 2005 1. An agent is showing a property that belongs to a seller with AIDS. What should the agent do? A. Disclose this fact since it is a material fact B. Disclose this fact only if asked C. Never disclose this fact D. Withdraw from the listing 2. In an in-house transaction, all of the following are true EXCEPT: A. A broker can present an offer on one of his own listings B. The broker will negotiate only on behalf of the seller C. The
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The White Paper on Local Government 9 March 1998 The White Paper is dedicated to the memory of Tshepiso Mashinini (1966-1998), chairperson of the White Paper Working Committee, and all the other women and men who contributed to the building of a democratic system of local government in South Africa CONTENTS Foreword by Minister Mohammed Valli Moosa Foreword by Mr Pravin Gordhan Introduction SECTION A: CURRENT REALITY 1. A history of local government 2. The current state of local
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employment and the gains derived by the estate were consequently taxable. The appellant appealed to the High Court. In order to subject the gains obtained by the Estate from the exercise of the Share Options to income tax under s 10(1) (b) of the Act, the respondent must show
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Loan funds were not used for community antenna or cable television systems or facilities; (f) Loan funds were not used for residential purposes such as residential dwellings and land sites; facilities to provide entertainment television; to transfer property between owners without making improvements that will promote or sustain economic development in Rural Areas; or for personal, non-business related vehicles; (g) Loan funds were not used where there is directly or indirectly a conflict of
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