Danle Corporation According to ASC 450-20-25‚ when a loss contingency exists‚ the likelihood includes three areas: probable‚ reasonably possible and remote. In ASC 275-10-50-8‚ the definition of the term reasonably possible means that the chance of a future transaction or event occurring is more than remote but less than likely. In the case‚ it is believed that Danle could potentially‚ but not probably be liable for a percentage of recovery in the claim‚ so we believe Danle’s loss contingency should
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law In law‚ a sentence forms the final explicit act of a judge-ruled process‚ and also the symbolic principal act connected to his function. The sentence can generally involve a decree of imprisonment‚ a fine and/or other punishments against a defendant convicted of a crime. Those imprisoned for multiple crimes‚ will serve a consecutive sentence (in which the period of imprisonment equals the sum of all the sentences)‚ a concurrent sentence (in which the period of imprisonment equals the length
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TASK 1 Explain the reference to legal principle and relevant case law‚ the legal aspect of placing the ‘Klick’ clock in the shop window with a price tag attached. Ann antiques has a rare ‘Klick’ clock on its shop with price tags of €1‚000 attached. In spite of its wording the sign in the window does not constitute a legal offer‚ it is merely an invitation to treat. Invitation to treat is an indication that the person who invite is willing to enter into a negotiation but it is not yet prepared
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ATENEO CENTRAL BAR OPERATIONS 2007 Criminal Law SUMMER REVIEWER BOOK I CRIMINAL LAW – A branch of municipal law which defines crimes‚ treats of their nature and provides for their punishment. Characteristics of Criminal Law: 1. General – binding on all persons who reside or sojourn in the Philippines Exceptions: a. Treaty Stipulation b. Laws of Preferential Application c. Principles of Public International Law Ex: i. sovereigns and other chiefs of state ii. Ambassadors‚ ministers plenipotentiary
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3. Contract Law “Is My Agreement an Enforceable Contract?” The Law of Contract involves answering 4 questions: (1) Is my agreement an enforceable contract? Are all of the elements of a contract present. (2) If so‚ what does it require me (and the other party) to do? - What “promises” have become terms of the contract. (3) Can I get out of it (without paying some form of penalty)? - Was the formation of the contract defective in some way (ie were there any ‘vitiating elements’ present)
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The law of “Stand Your Ground” deals with a self-defense law which is for giving the individual rights for making use of deadly force which are for defending themselves without any kind of requirement of evading or retreating from any dangerous situation. Stand Your Ground is a law which places non obligation at all on the potential victims of any crime for retreating and calling the law enforcement personnel. This research is going to deal with the particular law of “Stand Your Ground law”; this
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INTRODUCTION TO BUSINESS LAW The Law of Tort Core Reading: Lucy Jones‚ Introduction to Business Law (Oxford University Press‚ 2011). Chapter 11 on The Tort of Negligence (Refer to pages 340 – 374). Please note that we ARE NOT going through every single areas in relation to negligence. For instance‚ the area on nervous shock. Aims and Objectives: - To enable students to appreciate the general law of tort‚ especially the concept of negligence; To understand how this area applies
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ZIMBABWE INSTITUTE OF LEGAL STUDIES DIPLOMA IN APPLIED LAW Name: Laura Bandah Reg. Number: Z120117K Intake: August 2012‚ Semester 1 Course: Criminal Law and Statutory Offences Course Code: CLSO 104 Tutor’s Name: Ms L. Mhuru Question: (a) The Zimbabwean law does not normally impose liability or failure to act despite the fact that there may be compelling moral justifications for doing so. For example‚ the courts have often explained that there is no legal duty upon a stranger
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Why we have laws- The law is a legal set of rules that the government and courts have made for everyone to follow. Without laws‚ confusion and chaos would occur. In extreme cases of conflict‚ a state of anarchy would develop. The person with the most strength will start to dominate and the weak and helpless would suffer. However‚ when laws are enforced‚ a sense of order is created resulting in a society where everyone can live peacefully. Why laws change-? Societies’ perceptions have changed over
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convicted. Before you go any further please listen to audio presentation 2 which you can access from the criminal law page of the VLE. It is important that you do so as it will give you an overview of the topic and guidance on the terms considered in this chapter (i.e. actus reus and mens rea). You will now be aware that every offence is defined somewhere – either in a statute or at common law – and will be composed of a number of elements with which you should be familiar. Note that you should be equally
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