FINANCE 1613 FINAL EXAM NOTES CHAPTER 1 Basic Concepts Forms of Business Organisations Sole Proprietorship Advantages - business owned by one person. It is simple and easy to start and the owner keeps all the profits. Disadvantages: difficult to raise large sums of finance‚ unlimited liability‚ difficult to transfer ownership‚ taxed at personal income rate. Partnership – business organization owned and operated by two or more individuals or entities. Can be General (all partners share in
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Campaign Act of 1971- regulates the financing of political campaigns a. $1‚000 contribution limit for individuals b. $5‚000 contribution limit for PACs c. Created Federal Election Commission Buckley v Valeo (1976)- struck down many provisions to a law that limited campaign‚ individual‚ and group expenditures Bipartisan Campaign Reform Act of 2002 (McCain-Feingold Act)- amended the Fed Election Campaign $2‚000 per individual donor‚ Halted all political advertising by outside groups within 60 days
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Indian Contract Act‚ 1872. The law relating to contracts in India is contained in the Indian Contract Act‚ 1872. It extends to the whole of India except the State of Jammu and Kashmir from the first day of September‚ 1872. The Act deals with the general principles of the law of contract and some special contracts. The first six chapters of the Act deal with general principles of contracts. Essentials of a Valid Contract (All Contracts are Agreements but all Agreements are not Contracts)
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THE UNIVERSITY OF MELBOURNE MELBOURNE LAW SCHOOL CORPORATE LAW BLAW20001 2013 Subject Coordinator: Associate Professor Helen Anderson |A. WELCOME TO CORPORATE LAW | |B. INTRODUCTORY MATTERS | |C. LECTURE OUTLINE‚ READING GUIDE and TUTORIAL PROGRAM | |D. SKILLS ASSIGNMENT |
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Sources of Law Constitutional Law (Federal and State) Statutory Law at the Federal Level Statutory Law at the State Level Local Laws of Cities‚ Countries and Towns Common Law Court Decisions-provide interpretation or clarification of the law stare decis Custom Federal Court U.S. is a party Federal question-arising under federal law Diversity of Citizenship Jeff Bauman v. Dzhokar Tsarnaev – Civil or Criminal? If Jeff Bauman was to sue‚ it would be a civil case because the individual
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Report No. 83315-PH PHILIPPINE ECONOMIC UPDATE PURSUING INCLUSIVE GROWTH THROUGH SUSTAINABLE RECONSTRUCTION AND JOB CREATION March 2014 Poverty Reduction and Economic Management Unit Philippine Country Office East Asia and Pacific Region Document of the World Bank 1 PREFACE The Philippine Economic Update provides an update on key economic and social developments‚ and policies over the past six months. It also presents findings from recent World Bank studies on the Philippines
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EXECUTIVE SUMMARY: Double taxation occurs when a taxpayer is taxed twice for the same asset or income. This happens when taxing jurisdictions overlap and a transaction‚ asset‚ or income amount is subject to taxation in both jurisdictions. When an individual must deal with double taxation‚ he or she may lose a significant portion of income. In some cases‚ this may cause the double-taxed individual to experience a lowered standard of living. Corporations deal with double taxation too‚ as a corporation
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Book Value at end of nth year = Original cost x (1- depreciation rate)n For example‚ the net book value at the end of the 10th year is: $200‚000 (1 - .20)10 = $200‚000(.8)10 = $21‚474 Remember can only depreciate no more than the residual value Note that when assets are traded in‚ the market value of the asset traded in becomes the proceeds on disposal and not the trade-in value. The reason for this is that the trade-in value often reflects a discount on the purchase price of the new asset purchased
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PHL 354: Philosophy of Law Philosophy Tutoring Monday- 6-8 134 Kedzie Week 02 Lecture 02 Philosophy and the Law (3-14) If there were no law would there be a society? Why have Laws? If we had no agreement in law we wouldn’t be a society‚ in a sense having some sort of rules makes us a society. We need a sense of rules and governance to have order and society to exist. Beneficial to US Prevent Fighting: Those of you who have read Thomas Hobbs‚ this idea of it would be a war of
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Geo Notes The Rock Cycle Transforming Rocks * The continental renewal of the surface if the earth * The ‘cycle’ transform in 3 ways * Erosion * Ice * Water * Wind * Heat * Pressure * Sediment Igneous Metamorphic Sedimentary Magma/Lava Erosion Erosion Pressure Erosion Pressure Heat Cool Sediment Igneous Metamorphic Sedimentary Magma/Lava Erosion Erosion Pressure Erosion Pressure Heat Cool Rock material evolves
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