The three types of property are and • The two elements of a crime are and
Q: may an action arising from negligence be waived? explain
A: Negligence refers to very small and insignificant result which needs to be inspect or check. The…
Q: Under IFRS, a loss from the destruction of property in a fi re would most likely be classifi ed as:…
A: When a gain or loss occurs due to a infrequent event and which are unusual in nature, then such gain…
Q: Recognition of sales of property at a gain may be disallowed under the related party rules of the…
A: We would answer this question as per the Internal Revenue Code (IRC)
Q: A tort is a basis for a action O criminal O criminal or civil
A: Tort refers to the wrong doing which is in legal form, where the one person commits wrong against…
Q: Explain the purpose of damages as a remedy for breach of contract in our law. Also explain how…
A: The purpose of contract remedies is, for the most part, to compensate the non-breaching party for…
Q: 2. Mr. Ahmed sold an item, which is damaged prior to delivery for an intention from seller's…
A: Commerce is regarded as the process of transfer of goods or any services in terms of money or any…
Q: Explain the term Judicial Foreclosure?
A: Judicial Foreclosure: A judicial foreclosure denotes to when the foreclosure pass over the system of…
Q: If a loss from sale or exchange of property between related parties is disallowed and the property…
A: If a loss from sale or exchange of property between related parties is disallowed and the property…
Q: Insurable interest was defined by Lord Eldon LC in Lucena v Craufurd(1806) 2 Bos & P.N.R. 269 in…
A: The degree of suffering (financial dependence and otherwise) an individual would suffer from the…
Q: Briefly explain the two types of compensatory damages in torts.
A: Compensatory Damages Courts award plaintiffs compensatory damages as recompense for harm the…
Q: The principle of utmost good faith is supported by all of the following legal doctrines EXCEPT O…
A: The principle of utmost good faith provides that both the insurer and insured must act in…
Q: Pure economic loss may be awarded as the result of: damage to the plaintiff's property. negligent…
A: answer the presiding rule is therefore that pure economic loss is not recoverable - that is,…
Q: STATE TRUE OR FALSE A) The frequency of transactions involving the type of property would be just…
A: Answer are as follows.
Q: Which of the following elements is not a requirement for a plaintiff to recover damages under the…
A: A tort is an act or omission that causes hurt or harm to another person and is treated as a civil…
Q: State the rules in case of the thing to be delivered is lost with the debtor's fault or without his…
A: When one party to a legally binding agreement fails to deliver according to the terms of the…
Q: The elements of a claim of Negligence are O Causation and duty O Proximate cause and actual cause O…
A: Negligence refers to the situation where proper care is not taken for something.
Q: Describe an asset held for sale and state three conditions that must apply?
A: Asset held for sale::: It is a current asset or disposal group to be classified as held for sale if…
Q: A court will not enforce a cotnract if the contract requires an action that is egregious, even if…
A: Egregious contracts mean those contracts which are severely one-sided and unfair to the other party…
Q: 17. Which of the following amounts shall not be recognized in profit or loss with respect to…
A: Rental Income from the Investment property shall be recognized in the profit and loss statements as…
Q: Can the exchange of personal-use property qualify as a like-kind exchange? Why or why not
A: Like-kind property refers to real estate assets of common nature that can be interchanged without…
Q: If what is promised is only the use of a specific thing which does not include its ownership, the…
A: The contributing partner is the partner of the partnership business which has contributed something…
Q: The standard homeowners policy contains both property and liability coverages. True or False
A: The standard homeowners policy can be defined as the contract between insurer and the insured where,…
Q: It refers to the right of mortgagor to redeem the mortgaged property after his default of the…
A: The question is related to the choose the correct option for the given statement. Redemption means…
Q: Land is not considered as a depreciable property.Why
A: Fixed assets: These are the types of assets owned by the business that is expected to provide an…
Q: The other party assumes the liability. a. What is Sammy's recognized gain or loss? b. What is…
A: Step 1 A recognized gain is the profit make from selling an asset.
Q: Which of the following are ways by which title to personal property can be obtained? O a)…
A: Personal property is a term used to refer to those assets which are movable in nature.
Q: Are deeds the only acceptable way to legally transfers a property? Why or not?
A: The deed is legal document that is valid and is paid value and legally binding documents.
Q: If certain conditions are met, which of the following properties could be classified as section 1231…
A: SECTION 1231 PROPERTY IS REAL OR DEPRECIABLE BUSINESS PROPERTY HELD FOR MORE THAN ONE YEAR . SECTION…
Q: No gain or loss is recognized on the sale of property between related parties. True or false
A: The answer is as fallows
Q: QUESTION 13 A dish sponge would be classified as: O a) Tangible property O b) Intangible property…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: What Latin legal maxim translates to “owner bears the risk of loss”?
A: Until the goods are perfected and delivered, the seller is the owner of the goods. Whereas, after…
Q: Q29 If a property is partly use by the owner for own use and the other part is held for earning…
A: IAS 40 is one of the accounting standard used for accounting of investment property. Investment…
Q: . Recognizing depreciation is an application of which matching principle?
A: Depreciation means the loss in value of fixed assets due to usage , normal wear and tear and change…
Q: The law of torts is concerned with: O negligence. nuisance. trespass. All of the above.
A: Law of torts is a law to protect a person from the careless activities of another person.
Q: All of the following relate to jusdiction except. a) The power to implement laws in an area or a…
A: Jurisdiction can be defined as the limit of a judicial authority or the extent to which a court of…
Q: The co-owner of an immovable property has a right to exercise A. pre-emption B. Redemption C.…
A: The co owner may exercise the right of redemption in case the immovable property...
Q: Which is true regarding a like-kind exchange? Group of answer choices Personal-use assets qualify.…
A: Like-kind exchange refers to those transactions where assets or properties of similar nature…
Q: When a note payable is issued for property, the property is recorded using the fair value of the…
A: A NOTE PAYABLE IS A WRITTEN NOTE . WHICH CONTAINS THE AGREEMENT BETWEEN A BORROWER AND LENDER WHERE…
Q: Identify something that you own. Write a sentence to describe how you do (or could do) each of these…
A: Property is referred to as an abstract, which used to belong to someone with the something, whether…
Q: How can bookkeepers and accountants steal from a property, and what steps can be taken to prevent…
A: Embezzlement, misappropriation, theft, stealing, robbery, or call it what you want, which is usually…
Q: Sale of real estate is subject to VAT. True, if not made in the regular course of trade or…
A: Answer:- VAT definition:- A value-added tax (VAT), is a form of that that is levied gradually. It…
Q: Can the members possibly stipulate that upon the return of assets, due to dissolution and other…
A: Return of assets is the amount that a company can generate through assets.
Q: nd u
A: Yes, there items of private properties that should be own privately like home and land and…
Q: A note secured by a deed of trust provides for an automatic action of the laws known as a.a strict…
A: A deed of trust is a document that is used when one party has taken out a loan from the other party…
Q: Liability arises from all of the following situation except A negligent act Breach of duty…
A: Liabilities means the dues or obligations of the business organisation, which needs to be settled or…
Q: What court will be responsible to hear the case a lawsuit based on dispute of real estate an…
A: There is judiciary system for every type of issues faced by the common people. There is a particular…
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- Green, a police officer, suspected that Brown was engaged in illegal racketeering activities. To obtain evidence of Brown’s illegal conduct, Green place a bug in Brown’s home without a warrant. Green may have violated which of Brown’s constitutional rights? A. Fourteenth Amendments rights. B. Fifth Amendments rights. C. Sixth Amendments rights. D. Fourth Amendments rights.According to the warrantless searches authorized by the Federal Mine Safety and Health Act are legal because exception to the search warrant requirement, courts have ruled that the federal regulatory presence is comprehensive and well defined. Click the answer you think is right. prevailing-authority preeminent-domain pervasive-regulation predominate-control A Read about this Do you know the answer?If a person knowingly makes a FALSE statement concerning any fact or thing material to a claim that person is in violation of a. The New Jersey Fraudulent Claims Act b. The New Jersey Bureau of Fraud Deference Act c. The New Jersey Fraud Prevention Act d. The New Jersey Automobile insurance Fraud Act
- which of the following is not a specific risk to individual for violations of AML Laws? Civil Penalties,, loss of passport, termination of employment or criminal penaltiesIf you are notified that one of your clients is being investigated by the Serious Crimes Agency, a. It doesn't matter to the Crime Agency whether you tell him or not b. It makes no difference whether you tell him or not c. You have a duty to tell the client d. You have a duty not to tell the clientSelect all that apply A choice-of-law clause will generally be enforced when: there is an amount in controversy over $75,000 there is some connection to the location of the transaction there is some connection to one of the parties to the dispute there is some substantial nexus to an out of state party
- Assuming no consent or authorization was given, which of these activities are prohibit under CybercrimePrevention Act of 2012?-Prying into the privacy of another's residence is prohibited.- Non-delivery in a sales transaction is prohibited.- Installing unlicensed software is prohibited.- Live streaming movies is prohibited.-Impersonation is prohibited.-Pornography is prohibited. - Stealing is prohibited.- Libel is prohibited.- Piracy is prohibited.-Bullying is prohibited.- Voyeurism is prohibited.- Wire tapping is prohibited.- Distribution of photos or videos is prohibited.- Disposing sensitive personal information is prohibited.- Unauthorized copying of protected materials is prohibited.All of the following relate to jusdiction except. a) The power to implement laws in an area or a country. b) The extent to which the authority or power can be exercised. C) who can exercise the authority. d) none of the aboveDuring the interview of a suspect in an embezzlement case, several common themes are developed that make the offense seem morally acceptable to the suspect. Which of the following is NOT commonly used with embezzlers and other fraud offenders? A. “Borrowing” versus “stealing” B. “Did it for the family” C. “Not being paid enough” D. “Protesting an unjust law”
- Under what circumstance will the Internal Revenue Service initiate contact asking for personal or financial information by email? When the customer's identity has been marked as suspicious. When the preparer of the return is found in violation of Circular 230. When a return is filed via an ERO. The IRS does not request personal information by email.Question #21 of 85 Which one of the following is a nontax characteristic of a custodial account established under the Uniform Transfers to Minors Act (UTMA)? A) Control of property in the account will be transferred to the minor at the state set age of majority. B) Only transfers of cash, securities, or life insurance may be placed in such a custodianship. C) Only transfers by the original donor are allowed. D) The age at which the beneficiary must be given control of the assets is determined by federal law.Cartage Inc. agrees to pick up two truckloads of housewares for Discount Corporation and store the contents to be delivered later. After Cartage unloads the goods at its storage facility, some of them disappear from the loading dock. A court will presume that a. the goods were stolen through no fault of Cartage. b. the warehouse is in a high-crime area. c. Cartage was negligent. d. Discount was negligent