A, B, C, and D are co-owners of a parcel of land sold to E with a right of repurchase. May E require all of them to repurchase the whole property instead of partial repurchase by each of them as regards his own share? Answer this thoroughly with legal basis. (based on the articles of the Philippines)
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A, B, C, and D are co-owners of a parcel of land sold to E with a right of repurchase. May E require all of them to repurchase the whole property instead of partial repurchase by each of them as regards his own share? Answer this thoroughly with legal basis. (based on the articles of the Philippines)
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From what article from the Philippines applies this answer? Explain thoroughly.
- It is assumed that a drawer or maker will recognize his or her own signature and that a maker or an acceptor will recognize whether an instrument has been materially altered. Therefore, with respect to any of these parties who in good faith accepts an instrument, in terms of presentment warranties, a. all of them apply. b. none of them apply. c. only the warranties that the instrument has not been altered and that the person obtaining acceptance has no knowledge of an unauthorized signature apply. d. only the warranty that the person obtaining acceptance is entitled to enforce the instrument applies.Cheeseboro Conglomerate Co. entered into a contract with Fanning Heating & Cooling Corp. for the sale of its mineral holdings. The transaction is beyond Cheeseboro's powers. Which of the following parties, for the reason stated, may properly assert the lack of powers in order to challenge and try to stop or undo the sale? O Cheeseboro Conglomerate Co., but only to change the terms of the contract (not stop or undo the sale). O Fanning Heating & Cooling Corp. O A shareholder of Cheeseboro Conglomerate Co. O Fanning Heating & Cooling Corp., but only to change the terms of the contract (not stop or undo the sale). O Cheeseboro Conglomerate Co.Jane Smith, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Services, Inc. She owns and operates Typing Services located near the campus of Florida Atlantic University at 1986 Campus Drive, Boca Raton, FL 33434. Jane is a material participant in the business. She is a cash basis taxpayer. Jane lives at 2020 Oakcrest Road, Boca Raton, FL 33431. Jane’s Social Security number is 123-45-6781. Jane indicates that she wants to designate $3 to the Presidential Election Campaign Fund. Jane had health insurance for all months of 2018. During 2018, Jane had the following income and expense items: $100,000 salary from Legal Services, Inc. $20,000 gross receipts from her typing services business. $700 interest income from Third National Bank. $1,000 Christmas bonus from Legal Services, Inc. $60,000 life insurance proceeds on the death of her sister. $5,000 check given to her by her wealthy aunt. $100 won in a bingo game. Expenses connected with the typing…
- 1. Basic Research LLC advertised its products on television networks owned by Rainbow Media Holdings Inc through an ad agency Icebox Advertising Inc. As Basic’s agent Icebox had express authority to buy ads from Rainbow on Basics behalf, but the authority was limited to buying ad with cash in advance. Despite this limit Rainbow sold ads to Basic through Icebox on credit. Basic paid Icebox for the ads, but Icebox did not pass all of the payments on to Rainbow. Icebox filed for bankruptcy. Can Rainbow recoup the unpaid amounts from Basic? Explain.2. Western Fire truck Inc contracted with Emergency One Inc (EO) to be its exclusive dealer in Wyoming and Colorado through Dec. 2003. James Costello, a Western Salesperson, was authorized to order EO vehicles for hi customers. Without informing Western, Costello emailed EO about Westerns diffuclties obtaining cash to fund its operations. He asked about the viability of Westerns contract and his possible employment with EO. On EO’s…Identify and state the relevant facts in the case: [*1058] In addition, the Agreement authorizes Defendants to establish and fund a reserve account from Schnucks' payment card transactions to offset its indemnity obligations in an amount not to "exceed ... any current and anticipated Association fees or fines." (Bankcard [**6] Addendum at § 22.1) Schnucks alleges that following the data breach, "First Data received a preliminary case management report from MasterCard outlining the case management fee and the amount of monitoring/card replacement and fraud loss reimbursement it was assessing against Citicorp." (Compl. at ¶ 28) Based on the amount of MasterCard's assessment, First Data then projected the total amount of Visa's assessment (id. at ¶ 29), and established the reserve account by withholding a percentage each day from the funds it collected for Schnucks from its payment card transactions. (Id. at ¶¶ 30-31) Schnucks further alleges that Defendants have breached the Agreement…Business Law Which of the following cannot be the object of thecontract of sale?a. hereditary rightb. sale of animalc. land which the seller expects to buyd. none of the above
- In order for a principal to validly ratify a contract made by an agent:a) The agent must have made it clear he was acting as an agent and indicatedthe identity of the principal.b) The principal must have been able to enter into the contract himself at thetime it was ratified.c) The principal must have had the capacity when the agent made the contract.d) All of the above.9(3) The rights of minor in the firm is..... a) Not Access to and inspect and copy any of the accounts of the firm b) Access to and inspect and copy any of the accounts of the firm c) Admitted to the benefits of partnership
- Harman’s lawyer was successful in representing Harman in their Alberta Court of King’s Bench trial, securing a judgment of $675,000. The Justice also awarded Harman costs based on Schedule “C” of the Alberta Rules of Court, Alta Reg 124/2010 . Based on the foregoing, how much will Harman receive in Schedule “C” costs for the work their lawyer did preparing commencement documents, affidavits, pleadings and related documents and amendments? (Put answer in as a number)a WI Thi aw poin loqua yd olM : Jane was tired of living in the jungle with Tarzan and entered into a sales contract to purchase a small house from Tarzan that he had inherited. Tarzan later changed his mind, because he liked Jane swinging in the trees with him. If Jane decides to seek legal assistance to acquire the house, which remedy should she ask for? O Quantum meruit O Promissory estoppel O Specific performance O Legal ejectment dead art(a) As a general rule, does the death of either the creditor or the debtor extinguish obligations that are transmissible to the heirs? (b) Are monetary obligations under a contract of surety intransmissible by their nature, by stipulation, or by provision of law? (c) Will the death of the principal debtor convert, decrease or nullify the substantive right of the solidary creditor?