One of the more frustrating, but necessary elements of representing a seller or buyer of a house is getting through a home inspection. In order to better deal with this ordeal we must first look at why it is so important and then look at the best way to educate the parties as to what to expect. In order to avoid any problems during the process it is best for the parties to be forth right and make sure it is clear to all the parties as to what their obligations are.
Read the disclosure statement found below or on the Foundations website carefully and answer the questions below. You will need a calculator to complete the activity. Upload your answers to Black Board.
The second and main issue here is whether the Buyer is a “subsequent purchaser for value and without notice.” A subsequent purchaser for value and without notice is the most recent purchaser and he had no notice or reason to inquire suspect property was someone
Probably yes. Under New York law, a buyer has a viable claim for fraudulent concealment in a real estate transaction if the buyer can prove (1) the seller’s conduct rose to a level of active concealment (more than mere silence) and (2) the seller thwarted the buyer’s efforts to fulfill responsibilities under
The idea that mandatory disclosure laws would combat wage discrimination was addressed in the Paycheck Fairness Act, a piece of legislation first introduced in 1997, which would not only amend the Equal Pay Act by increasing incentives to prevent discrimination in wages and account for loopholes, but it would also protect workers from punishment by employers for discussing wages. This bill was never passed. Although this bill would have taken steps to protect workers right to transparency in wage disclosure, there must be more actions taken in the form of mandatory disclosure laws. Another bill that was never passed that would help to protect employees from being punished in disclosing wages is the Fair Pay Act (Hill, 2017). This bill would protect
All medical device company and or life science institutions are required to track and report any transfer of value information pertaining to U.S. physicians, teaching hospitals, or teaching medical organizations under the Federal Sunshine Act. Starting January 2016, the U.S. Federal Government modified the U.S. Sunshine Act reporting requirements for medical device companies. Medical device companies must thoroughly detail the product marketed name associated with transfer of value that is reported when interaction with a physician takes place in and outside any health care setting. In the past, medical device companies were only required by the federal government to report the family to which a specific product belonged or was associated with to report transfer of value. The Sunshine Act requires Medtronic and other medical device companies or life science companies to track and manage any and all data pertaining to all educational or marketing material presented to physicians and allied care providers. All Sunshine Act reporting information recorded by field professionals or any individuals who come into contact with healthcare providers is recorded, managed, and stored by Medtronic’s compliance and the Medtronic legal department. Medtronic has to follow Sunshine Act Section 6002. Section 6002 is the transparency reports and reporting of physician ownership or investment interest of the Patient Protection and Affordable Care Act. Sunshine Act Section 6002 was put into
Individual was shy at first, but eventually became responsive to the counseling process. Individual answered open and closed question made by the clinician. Individual engaged in the game and answered questions without a problem. While playing Jarrett discloses to have angry outbursts when his mother asks him to turn off the PlayStation to do home chores or school work. Individual discloses that sometimes he responds yelling and kicking things at home. Jarrett discloses not to get angry with his father because he comes late at home due to his work. Jarrett shares that usually his older (high schooler) brother is angry when arrives from and hit him for no reason. Individual also discloses that he have been written up several times at school
An individual is liable for fraudulent nondisclosure when they deliberately and intentionally conceals a material fact when there is a duty or obligation to report it. There is an obligation to disclose when the fact is one only the vendor was aware of, and the vendee was ignorant. If the failure to disclose induces the vendee to take some action that causes some damage as a result, then the vendor is liable for fraudulent
As a land lord in the state of Texas, there are several areas of responsibility one must abide to in order to keep the lease agreement valid. A quick overview of the landlord’s duties is: duty to deliver possession; basically stating they must make sure the rented space is available and ready before the tenant moves in.
It can be quite tough when a loved one passes away, and especially when it’s a close relative. However, it’s important to handle all legal matters before that happens, in terms of a diseases estate and trust administration. It’s always helpful when a loved one has left a will, as it provides legal instructions about which properties and assets are to go to which relatives or friends. However, sometimes even when there’s a will there can be many issues to sort out, regarding how the real estate, contents, and other items are to be distributed to the person’s children, for example.
A just-in-time system can only exist in an atmosphere where suppliers are reliable and will work to minimize the risk of not having the needed input of production (Federal Reserve Bank of St. Louis, 1995). A just-in-time system puts increased stress on both the supplier and purchaser in the course of its implementation and places the purchaser at the mercy of its key suppliers, meaning the supplier must never be wrong in terms of quantity or quality (Karlsson & Norr, 1994). Optimally a supplier themselves will be on or working towards a just-in-time system themselves, but this is not always possible (Fallon & Browne, 1988).
Financial Statements are a company’s primary source of financial information. If you want to invest in a company and needed to know how to find out if a certain company is worth the investment you would take a look at the company’s financial statements. Simply put a financial statement is a declaration of what is believed to be true about a company, communicated in terms of a monetary unit, such as the dollar. The financial statements will show what are the sources of the company’s revenue and how is the money spent. What does the company own and what does it owe others? How much profit has the company made and what is the financial health of the organization?
The directors, officers and substantial shareholders of a listed company are required to make definite periodic disclosures of amount of their shareholding in the company. Certain key disclosures required are: