BAILMENT DEFINITION: Voluntary assumption of possession of goods by one person (bailee) from another (bailor) for a definite or indefinite period‚ with an obligation to redeliver. Hobbs v Petersham Transport Co Pty Ltd (1971) 124 CLR 220‚ per Windeyer J at 238: 3 A bailment comes into existence 4 upon a delivery of goods of one person‚ the bailor‚ 5 into the possession of another person‚ the bailee‚ 6 upon a promise‚ express or implied‚ that 7 they will be redelivered
Premium Contract Tort Contractual term
Auditing Introduction Letter Kelly Garner ACC/546 December 15‚ 2014 Mr. Michael De Marco Anderson‚ Olds‚ and Watershed Certified Public Accountants Shoetown‚ ME 00001 December 15‚ 2014 Mr. Eric Unum Vice President of Finance Apollo Shoes‚ Inc. 100 Shoe Plaza Shoetown‚ ME 00001 Dear Mr. Unum‚ Thank you for taking the time to meet with Arnold Anderson‚ CPA (lead auditor); Darlene Wardlaw‚ CPA (engagement manager) and me last week. During our meeting‚ you and your team informed us that your “old
Premium Auditing Audit Financial audit
1. What are the revenue streams for TechMall? TechMall’s revenue streams are rather simplistic. They receive a $750 one time set-up fee from all new merchants added into the TechMall system and a $50 statement fee‚ or maintenance fee‚ per month from all members. In addition‚ they receive a fee on each sales transaction‚ which is variable based on the dollar volume of the merchant’s transactions. TechMall’s standard pricing schedule indicates this revenue stream to be in the form of a 2% commission
Premium Revenue Income statement Net income
A COMPARISON BETWEEN CASH ACCOUNTING AND ACCRUAL ACCOUNTING 1. Introduction Accounting principle and theory are generally referred to two main accounting methods which include cash accounting and accrual accounting. Cash basis accounting on income and cost is determined by the amount of actual payment for reference and accounting recording mode is simple‚ easy to master. The use of the accrual basis of accounting is more complicated than it with a main difference of recording timing. This essay
Premium Generally Accepted Accounting Principles Balance sheet
testament to how well respected Komunyakaas’ work is. Wojahan obviously holds Komunyakaas’ work in high regard himself stating that “In reading almost six hundred pages of his work‚ both his new poems and a substantial selection of previously uncollected material‚ I was struck by how self-effacing a writer he is‚ even as he confronts subjects of large historical import such as the Vietnam War and
Premium Vietnam War Poetry Vietnam
PLT COLLEGE‚ Inc. Bayombong‚ Nueva Vizcaya COLLEGE OF HOSPITALITY AND TOURISM MANAGEMENT Name: ________________________________ Class Schedule:____________ Score: ______ TEST I. MULTIPLE CHOICES: Select the best answer. Shade the circle that correspond the letter of your answer. (Management & Culture) 1. Which of the following events has the great advantage to the trends of restaurant sales? a. Valentine’s Day b. Stormy days c. Easter Friday d. Holy Friday 2. Total required
Premium Costs Management accounting Cost
Recycling for the Future According to Franklin Delano Roosevelt “A nation that destroys its soils destroys itself. Forests are the lungs of our land‚ purifying the air and giving fresh strength to our people.” Just about everyone knows our environment is in danger. One of the most serious threats is the massive amount of waste we put into the air‚ water‚ and ground every year. All across the world are thousands of places that have been polluted by toxic waste‚ radioactive waste‚ and just plain garbage
Free Recycling Landfill Waste
"Sanitation has become a topical issue that we can hardly ignore. Our cities and municipalities in particular have become engulfed in filth as evidenced by the increasing heaps of rubbish that we encounter by our roads and residential areas" President J.A. Kufour FILTH IN ACCRA Is Accra really deserving of the title Capital City? For a city that is playing host to millions of tourists next year for Ghana’s golden jubilee celebrations as well as the CAN 2008 football tournament the next year
Free Recycling Waste Waste management
What is Stormwater Pollution? When it rains‚ water flows from your roof‚ yard‚ and street into the gutter and down the drain. The stormwater drain carries this water into Lake Macquarie‚ wetlands‚ lagoons and the ocean along with all the sediment‚ rubbish‚ grass clippings‚ pet faeces‚ chemicals and fertiliser it collects along the way. The result is stormwater pollution. Last Modified: 20-AUG-2009 What impact is stormwater pollution having on Lake Macquarie? Volumes of stormwater in urban areas
Premium Stormwater Water pollution Water
What is Finance? • Finance can be defined as the art and science of managing money. • Finance is concerned with the process‚ institutions‚ markets‚ and instruments involved in the transfer of money among individuals‚ businesses‚ and governments. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 1-1 Major Areas & Opportunities in Finance: Financial Services • Financial Services is the area of finance concerned with the design and delivery of advice and financial products to individuals
Premium Finance Bond Financial markets