Trusts and Estates Medilin Spring 2006 Intro and Intestacy 1) Power to Transmit property at death- Dead hand Control a) Estate and gift taxes as method of restriction i) redistributes some wealth and attempts to break up accumulations of large wealth ii) gift tax prevents the use of inter vivos transfers to get around inheritance restrictions iii) spousal deduction- can give as much as want to spouse during life and at death iv) charitable deduction- also allowed to
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• CASE #1: SECOND DIVISION G.R. No. 175366 : August 11‚ 2008 J-PHIL MARINE‚ INC. and/or JESUS CANDAVA and NORMAN SHIPPING SERVICES‚ petitioners‚ v. NATIONAL LABOR RELATIONS COMMISSION and WARLITO E. DUMALAOG‚ Respondents. D E C I S I O N CARPIO MORALES‚ J.: Warlito E. Dumalaog (respondent)‚ who served as cook aboard vessels plying overseas‚ filed on March 4‚ 2002 before the National Labor Relations Commission (NLRC) a pro-forma complaint1 against petitioners
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Far Eastern University Institute of Law CODE OF COMMERCE Commerce It is that branch of human activity‚ the purpose of which is to bring products to the consumer by means of exchanges or operations which tend to supply and extend to him‚ habitually‚ with intent to gain at the proper time and place in good quality and quantity. “Commerce” and “trade” are used interchangeably although the former is more commonly used in international dealings and the latter in domestic ones. (Pandect of Commercial
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subsequent legal right (nemo dat rule at common law). 3. A legal right takes priority over an equitable right of which a bona fide purchaser does not have notice. 4. An earlier equitable right takes priority over a later equitable right (but some exceptions exist). ------------------------------------------------- A: Old System Title * Deeds: * A deed is the most solemn act that can be done in respect to property: Manton v Parabolic Pty Ltd (1985) 2 NSWLR 361. * Where the land
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ADMS 2610 Law Notes Ch 1- The Law and the Legal System The Sources and Components of Modern Canadian Law The Common Law Def’n- law found in the recorded judgments of the courts -everybody abides by it; is written in a book Statute law- law passed by a legislative body Stare decisisto let a decision stand -a judge must apply the previous decision of a case similar to the one before the court if the facts of the two cases are the sme -adaptability of the Common Law has enabled it to absorb many legal
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Definition of goods The contact of sale Agreement to sell Formation of the contract Terms of the contract Transfers of the property Transfer of the title Performance of the contract Remedies for breach 1.1 Definition of Goods Sale of Good Act 1957 defines the word goods as meaning ‘every kind of movable property other than actionable claims and money‚ and includes stock and shares‚ growing crops‚ grass and things attached to or forming part of the land which are agreed
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4.2 Simultaneous Proceedings under DRT and SARFAESI - 4.2.1 Transcore Vs Union of India – Facts- An Original Application (O.A.) was filed by Indian Overseas Bank (Bank) before the DRT‚ Chennai for recovery of dues from M/s Transcore (T) and to bring the properties to sell. The claim was disputed. Later on‚ a notice under Section 13(2) of the SARFAESI Act was issued vide which T was called upon to repay the amount due together with interest within sixty days. T failed to repay the amount. The
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A license is essentially a permission given by the owner or occupier of land to another person to enter the land for some purpose‚ for example‚ to lodge in a room‚ to view a flim or to swim in a pool: acts which might otherwise amount to trespass. Top of Form It is best to firstly explain what leases and licences are. There are two legal estate under the property act 1925 [2] ‚ an estate in fee simple absolute in possession and a term of years absolute. Tenure by a lease is an agreement that the
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C H A P T E R 1.5 Error Handling CHAPTER OUTLINE PROGRAMMING ERRORS STRUCTURED EXCEPTION HANDLING UNSTRUCTURED EXCEPTION HANDLING INTRODUCTION Chapter Objectives At the end of the chapter‚ the student should be able to: understand the different types of programming errors; use unstructured error handling in writing algorithms; and use unstructured error handling in writing algorithms. 2 INTRODUCTION Programming Errors When computer programs are written‚ there
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Law of Torts‚ MV Accident and Consumer Protection Laws II Interference with Goods TORTS RELATING TO MOVABLE PROPERTY o Torts affecting movable property are: § Trespass to goods‚ § Trespass ab initio‚ § Detention or detinue‚ § Conversion or trover. Copyright: Dr C J Rawandale‚ Associate Professor‚ SLS NOIDA 2013-14 2 a. TRESPASS TO GOODS o Technically‚ trespass to goods is known as “trespass de bonis asportatis”. o It means an unlawful disturbance of the possession of the goods by
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