Limited Liability Corporation and Partnership Paper FIN/419 Limited Liability Corporation and Partnership Paper A basic idea starts every business. When starting a business‚ a decision has to be made as to what form of business entity needs to be established. Protection and capitalization of the business must also be established‚ with the most basic question being what type of entity should be used when moving forward with the business. There are many different factors that have to be
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Current Liabilities and Payroll Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems 1A B Problems 1B Study Objectives 1. Explain a current liability‚ and identify the major types of current liabilities. 2. Describe the accounting for notes payable. 3. Explain the accounting for other current liabilities. 4. Explain the financial statement presentation and analysis of current liabilities. 5. Describe the accounting and disclosure requirements for contingent liabilities. 6. Compute
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1.A contract to be legally valid‚should meet 3 essential elements‚which would be examined by a court as evidence of any contract.These main pre-requisites are ‚ ● The agreement must have an offer and an acceptence: a contract is a bilateral agreement between two or more parties. So when the offeree accepts the offer for a consideration made by the offeror‚ it becomes a contract. eg:-Carlill v Carbolic Smoke Ball Company [1893] Eg:James promises
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We forget things for two reasons‚ firstly the memory has disappeared- it is no longer available or secondly the memory is stored in the memory system but cannot be retrieved. The first theory is more likely to be applicable to forgetting in the short term memory and the second in the long term memory. You can differentiate between availability and accessibility. Availability is whether the information has been stored in the memory or not and accessibility is the ability or inability to retrieve information
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Discuss the role central banks (e.g. Fed‚ Bank of England) have played in counteracting the effects of the financial crisis. Argue how the monetary policy mandate might change in the future to avoid such crises. As stated by Buiter (2008) the Central Bank has three main tasks. These are; ’(1) the pursuit of macroeconomic stability; (2) maintaining financial stability and (3) ensuring the proper functioning of the ‘plumbing’ of a monetary economy ’. The effectiveness of the Central Bank‚ during
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Effects of a Breach of Contract There are various types of contract with in the world of law such as civil law which deals with relations between individual citizens where as private law focuses on the relations between ordinary people on a day to day basis‚ both types of law include the law of contract. A contract is an agreement that is legally enforceable and therefore can be settled within a court of law‚ however how can we distinguish between a contract and any other form of non-legally enforced
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Conditional Sentences / If-Clauses Type I‚ II und III Conditional Sentences are also known as Conditional Clauses or If Clauses. They are used to express that the action in the main clause (without if) can only take place if a certain condition (in the clause with if) is fulfilled. There are three types of Conditional Sentences. Conditional Sentence Type 1 → It is possible and also very likely that the condition will be fulfilled. Form: if + Simple Present‚ will-Future Example: If I find her
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Critical Thinking in the Legal Environment: Torts and Products Liability University of Maryland University College Introduction Through the use of the precepts of product and service liability law‚ consumers can go to court to be compensated for the injuries and/or losses they experienced when using a particular product or service. Product liability cases are a significant portion of United States litigations; there are approximately one million cases a year (Kubasek‚ Brennan
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Practicing a sport is much more than the pure act of pushing your body through exhaustion or using your skills to reach your goals. There are many effects that show after you get involved in a sport. I am going to discuss some effects in this paper. The first major effect of practicing a sport is that you will develop physical abilities. Your body will be in better shape and you will be able to do things that you couldn’t physically do before. For example your speed‚ strength‚ stamina‚ lung capacity
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3.2.2 Threaten airports and governance’s liability Under radical uncertainty making airports’ governance fully responsible for potential damages seems difficult. In fact‚ their liability depends heavily of how the local and national authorities considered (or consider) the rise of seas associated to climate change. This last one depends on the convergence or the divergence of scientists’ views about a given event (here the strength and the range of the rise of the seas). Case 1: Convergent views
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