d. How should Lani report the lease transaction on its December 31, 2006, balance sheet? The reports should fall under Lani’s December 31, 2006 balance sheet which displays non current and should be noted separately. The capital ease should be listed under the capital lease on December 31, 2006. Case 13-5 Lease Classifications a. What criteria must be met by the lease in order that Doherty Company classify it as a capital lease?
Rally Round the Trade Name Law, Ethics and Corporate Governance - LEG 500 Dr. Augustine Weekley Strayer University 11 December 2011 Explain whether or not the fact that Gabby’s surname is Rally gives her the right to use it any way she wishes. The fact that Gabby’s surname is Rally does not give her the right to use it any way she wishes. There are no laws that state that she has any rights to a trade name purely based on the fact that it’s her last name. If the business name Rally is already legally registered as a trade name under common law or as trademark under federal law, then legally she cannot use it as her business name as well. In order for Gabby to gain rights to a business name she must apply for a trade name and/or trademark for her business.
Practice Midterm Exam Page 1 1. | Indirect labor is a part of: | A | Prime cost. | B | Conversion cost. | C | Period cost. | D | Nonmanufacturing cost.
Technological factors 4 1.1.3. Economic factors 5 1.1.4. Environmental factors 5 1.1.5. Political factors 5 1.2. The industry structure-Porter’s Five Forces 5 1.2.1.
This test was examined in the Carparo Industries Plc. v Dickman case. The defendant had an account audited that didn’t reflect a previous loss and debts in the bookkeeping records, instead, profits, putting the claimants in a belief that, the company in question is worth investing in. Afterwards, the claimants found out the audited account didn’t reflect exactly the true previous and current status of the company financial dilemma. Based on the principles of the three-part-fold, the House of Lords ruled against the claimant that: the defendant owes no duty of care to the claimant in such circumstances.
The court will most likely upheld the employee manual for terminating employees for unsatisfactory performance. The employee manual will be an implied contract and Dillon v. Champion Jogbra, Inc. will support his claim. Dillon v. Champion Jogbra, Inc. the court rule in favor of Champion Jogbra, Inc. because the company put a clause in the employee manual stating: “They do not constitute part of an employment contract, nor are they intended to make any commitment to any employee concerning how individual employment action can, should, or will be
Jinwoo Park (100791161) ASSIGNMENT 2 1. Issue: Can Valley Homes revoke their original offer legally? Rules: A valid offer must contain all the terms to be included in the contract. An offer is the act of presenting something for acceptance. The offer can be revoked at any time before it is actually accepted.
5 5 5 1 = to a very little extent 2 = to a little extent 3 = somewhat 4 = to a large extent 5 = to a very large extent Source: Based on L.R. Goldberg, J.A. Johnson, H.W. Eber, R. Hogan, M.C. Ashton, C. R. Cloninger, and H.G.
Contract of agency is whereby a person is bound by the principal to act, represent or speak for him in front of the third party and make decisions on behalf of the principal. A principal may hire an agent who will act as a principal and will be solely responsible for the decision he makes on the name of the principal (Mckendrick 2012,p. 5). There are three types of authority but an agency made with an agreement is an implied authority. Contract of agency can be helpful for big business official as they cannot be available anywhere, anytime.