The opinion of the trial court was taken on 31 July 2007. The opinion of the trial court did not follow a bench trial and included a decision over the pretrial motions of the defendant and the plaintiff. The plaintiff had moved for an injunction and summary judgment thus requiring the defendant to desist while the defendant decided to go for the summary judgment. On March 20, 2008 Pennsylvania’s Supreme Court gave its decision over the case between Pennsylvania Department of Banking and the NCAS of Delaware, a payday lender. Payday loans can be defined as short term loans that are given usually in small amounts but the interest rates charged on them are substantially high.
A) When a court opinion discusses facts and issues on which the court does not rule, the comments are called dicta. B) Dicta in a court opinion has no influence on other tax proceedings. C) Published articles and tax services are examples of secondary sources of authority. D) Dicta are not authoritative. 64) When a court discusses issues not raised by the facts, the comments A) are excluded from the formal court opinion.
, 2-16: A. Operation audits is to assess performance and identify area for improvement in order to evaluate whether the resource are being used efficiency and effective. B&C&D do not belong to operation audit because they are unrelated to improvement which needs to be evaluated. 2-17: A. As for the Sarbanes-Oxley Act, it prohibits external auditors from providing and
Congress must agree on a plan, which could take years, and then the market must be weaned slowly from dependence on the companies and the financial backing they provide. The reasons by now are well understood. Fannie and Freddie, created to increase the availability of mortgage loans, misused the government's support to enrich shareholders and executives by backing millions of shoddy loans. Taxpayers so far have spent more than $135 billion on the cleanup. The much more divisive question is whether the government should preserve the benefits that the companies provide to middle-class borrowers, including lower interest rates, lenient terms and the ability to get a mortgage even when banks are not making other kinds of loans.
III. Conclusion What the consumer should be looking for in the future to avoid similar collapse of the housing market. More than 2 million borrowers will lose their homes to foreclosure because of subprime mortgage lending in recent years. With the housing market booming, lenders enticed many lower-income people into buying homes they couldn't afford by offering adjustable-rate mortgages (ARMs) with temptingly low initial teaser interest rates. Many loans didn't require down payments or documented proof of income.
Green’s gambling activities do not qualify as a trade or business, can he deduct his gambling-related travel and lodging expenses against his gambling winnings? Applicable Case Law, Code & Regulations Per Section 165(d) of the Internal Revenue Code (IRC), a taxpayer may deduct their gambling losses to the extent of their gambling winnings. However, Section 262 of the IRC indicates, “…no deduction shall be allowed for personal, living, or family expenses.” In ruling on Stanley B. and Rose M. Whitten v. Commission of Internal Revenue, the US Tax Court has stipulated that travel and lodging expenses are not considered losses and therefore cannot be used as a deduction. Conclusion Given the current tax regulations and case law, travel and lodging expenses associated to Dr. Green’s gambling activities cannot be categorized as a loss. The Tax Court clearly established in Stanley B. and Rose M. Whitten v. Commission of Internal Revenue the difference between gambling losses and travel and lodging expenses in the closing of the judgment wherein they stated there is no need, “…to eliminate the distinction between wagering losses, i.e., the amount of wagers or bets lost on wagering transactions, and expenses related thereto, e.g., expenses for transportation, meals, and lodging incurred to engage in wagering transactions… Unlike a wager or bet, petitioner incurred the expenses in question in exchange for specific goods and services, such as transportation,
Conclusion In this case the courts make it clear that there is absolutely no instance where documents related to a corporation or any person connected to the corporation would be able to rely upon the Fifth Amendment against self-incrimination. It is also clear that no person could appeal to the Fifth Amendment to try to avoid providing corporate documents that are in his or her possession even if providing the documents could possibly incriminate his or her own
Bank details changing or being unable to make payment. Institutional abuse Institutional abuse is neglect or mistreatment of an individual at risk by a regime or other individuals. It can take place within the settings and services that individuals live in or use, and it violates the person’s dignity, resulting back in a lack of respect for their human rights. Signs and symptoms can be
Held: 1. The Petition Clause does not provide absolute immunity to defendants charged with expressing libelous and damaging falsehoods in petitions to Government officials. Although the value in the right of petition as an important aspect of self-government is beyond question, it does not follow that the Framers of the First Amendment believed that the Petition Clause provided absolute immunity from damages for libel. In 1845 this Court, after reviewing the common law, held in White v. Nicholls, 3 How. 266, that a petition to a Government official was actionable if prompted by "express malice," which was defined as "falsehood and the absence of probable cause," and nothing has been presented to suggest that that holding should be altered.
It was injustice beacause it was a horrible event, he didn’t get what he deserved, and it allows others to get away with the idea of doing wrong without being fully punished. You should consider this a case where justice went