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Current Liabilities and Contingencies Current assets are cash or other assets that can reasonably be expected to be converted into cash‚ sold‚ or consumed in operations within a single operation cycle or within a year if more than one cycle is completed each year. Current liabilities are obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current assets‚ or the creation of other liabilities. Accounts Payable or trade accounts payable
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CHAPTER-1 INTRODUCTION * What is Insurance? * Insurance Act‚1938 * Types Of Insurance * How Insurance Works? * Life Insurance Business * Role of Insurance in Economic Development * Indian Insurance Industry: New Avenues for Growth 2012 * Research methodology WHAT IS INSURANCE? The business of insurance is related to the protection of the economic values of assets. Every asset has a value. The asset would have been created through the efforts of the owner
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Introductory Insurance • • • • • Introductory Insurance 1 Introductory Insurance 2 • “ ” • “ ” Introductory Insurance 3 Introductory Insurance 4 • • “ ” Introductory Insurance 5 Introductory Insurance 6 1 Outline • • • • • • 1 2 3 4 5 1: 1 ; 2: 1 2 3 • • • • • …… “ ” Introductory Insurance 7 Introductory Insurance 8 • • • • • Introductory Insurance 9 Introductory Insurance 10 10 Introductory Insurance
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actually is in the context of insurance. Finally‚ in regards to the students‚ if the claim is upheld‚ will there be any action taken towards them? We will look at the various laws around the topic
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submitted to prof. manjula batra | LAW OF TORTS PROJECT | VICARIOUS LIABILITY | | | SUBMITTED BY:VAIBHAV PRATAP SINGHFIRST SEMEMSTER‚ 2012BA.‚ LL.B. (HONS.) | | ACKNOWLEDGEMENT I would take this opportunity to thank the people who helped me in making this project which has been a learning experience. In that endeavour‚ first and foremost I would express my gratitude toward my professor of Law of Torts Ms Manjula Batra. Her immense knowledge and teaching skills along with her helping disposition
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IABILITY 1 A THEORY OF VICARIOU S LIABILITY J.W . N EYERS * This article proposes a theory of vicarious liability which attempts to explain the central features and limitations of the doctrine. The main premise of the article is that the common law should continue to impose vicarious liability because it can co-exist with the current tort law regime that imposes liability for fault. The author lays out the central features of the doctrine of vicarious liability and examines why the leading rationales
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ASSETS & LIABILITIES Asset is an item of value owned by the company. Assets can be tangible i.e. those which have some physical existence or can be intangible i.e. which do not exist in physical form but can be held in the form of contracts or rights. Assets are usually grouped in order of liquidity (ease of conversion to cash) on the balance sheet. Cash is therefore the most liquid of all assets. Assets can be classified as: 1.) Current Assets – Those assets that are expected to be converted to
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University of Phoenix Material Insurance Matrix Directions – Matrix For each type of insurance listed in the matrix‚ identity three functions‚ three coverage characteristics‚ and three companies that offer this type of insurance. |Type of Insurance |Functions |Coverage Characteristics |Companies That Offer It | |Auto |
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interest on bonds payable Provision - deficiency income tax assessment TOTAL CURRENT LIABILITIES 500‚000 50‚000 20‚000 64‚000 50‚000 200‚000 40‚000 80‚000 100‚000 90‚000 160‚000 120‚000 75‚000 87‚000 360‚000 200‚000 2‚500‚000 A Convertible bonds‚ due January 31‚ 2007 Noncurrent portion of serial bonds (P2‚000‚000 - P100‚000) TOTAL NONCURRENT LIABILITIES 1‚000‚000 1‚900‚000 2‚900‚000 B 5‚400‚000 C TOTAL LIABILITIES (Requirement no. 2) 304‚000 PROBLEM NO. 3 - Pistons Company Item no. 2 Item no
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