ATENEO CENTRAL BAR OPERATIONS 2007 Taxation Law SUMMER REVIEWER PART I – GENERAL PRINCIPLES TAXATION – power inherent in every sovereign State to impose a charge or burden upon persons, properties, or rights to raise revenues for the use and support of the government to enable it to discharge its appropriate functions SCOPE OF TAXATION TAXATION IS: Unlimited, Far-reaching, Plenary Comprehensive Supreme STAGES OF TAXATION: (LAP) 1. Levy 2. Assessment 3. Payment Basic Principles of a Sound Tax System
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PARTNERSHIP AGREEMENT of the [Name] Investment Club This AGREEMENT of PARTNERSHIP is made as of [Date], by and between the undersigned Partners. Formation The undersigned hereby form a General Partnership in, and in accordance with the laws of, the State of [State]. Name The name of the Partnership shall be [Partnership Name]. Term The Partnership shall begin on [Date], and shall continue until [Date] of the same year and thereafter from year to year unless earlier terminated as hereinafter
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approach to identify and assess the facility’s operational legal risks and to mitigate the major risk areas prior to a breach (Exhibit 3).This report examines the identified legal risks in detail and devises a risk management plan to avoid, reduce, transfer or retain such risks. As the largest YMCA in the GTA, Cooper Koo will aim to attract and retain new members from a diverse community and it is therefore crucial for the facility to protect the interest of those members and the involved participants
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by BTT Telephone Company under a lease that required removal of the cable if BTT should need the space for its own service needs. Butte County assessed the Turner Company cable as real property because it is properly classified as a fixture. Is the county correct? Why? A fixture is defined as personal property that has become attached or annexed to real estate; a fixture generally is treated as part of real estate. There are certain things considered when determining whether or not the item will
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constantly being entered into by individuals with other individuals or business, as well as businesses with other businesses, to sell or transfer property, to provide and receive service and other rights and obligations created. The sale and purchase of goods is based on sales contracts, the hiring of employees is based on employment contract; the lease of a property or house is based on a rental or lease contract; and so the list goes on. Business cannot exist without enforceable contracts. Although
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San Antonio had two of Texas’ largest breweries: Lone Star Brewery and the San Antonio Brewing Association. While prohibition was taking place, it began to change the dynamic of brewing and forced almost every brewery out of business. The Volstead Act and Prohibition went into effect on January 16, 1920, the Pearl Brewery refused to shut its doors. In 1933, the nation was still coping with the effects of the Great Depression. Emma Koehler kept the brewery afloat through the Depression, selling beer
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reached after sufficient consideration to do, or refrain from doing, some legal action. A contract is considered valid when two or more parties with capacity make an agreement involving valid consideration to do or to refrain from doing some lawful act. If these elements exist, the contract is valid. If one or more or these necessary elements is missing, the contract is void or voidable. In other words, it is not a true contract and therefore cannot be enforced. A void contract is no contract at
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1. Sole proprietor/ Sole trader - Sole proprietor is a business carried out in the name of an individual. 2. Partnerships (governed by Partnership Act 1961) - Partnership is a business owned by two or more individuals. Both these types of business firms have no separate legal existence apart from the persons who owns the business and properties cannot be held under the name of the business firms. All contracts are signed in the name of the individuals who own the business and their liability
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March 23, 2013 The case that got my attention is one about a divorce were the couple had their individual property separately titled. Facts: After their marriage, William and Peggy Brackin kept their individual property separately titled. They had signed a premarital agreement that said either could make any gift to his or her respective spouse, and that gift would become the separate property of the done spouse. William told Peggy to give her car to her grandson and William would buy her a car.
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Natural Law Theory & Aristotle’s Virtue Ethics, & Recent Theories of Rights: Rawls & Nozick. Natural Law Theory: Natural Law theory in ethics is not to be confused with the laws of nature as put forward by physicists or other natural scientists, but they are related and do overlap. In moral domains, we are not concerned to give a mathematical, experimentally based theory of ethics or justice, but we are concerned with the general order of nature and how human life is nestled in and depends
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