Robert uses a portion of Eric's property in such a manner that he's five years away from adversely possessing the property. Eric sells his property to Kelsey. The effect on the possible adverse possession is: Question 1 options: it cancels the possible adverse possession claim nothing, but only if Robert has told Kelsey of the possible adverse possession of the property nothing, but only if Robert has told Kelsey of the possible adverse possession claim AND Eric consents it starts the running of the clock for adverse possession all over again nothing
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- 15Brown’s TV Production is considering producing a pilot for a comedy series for a major network. While the network may reject the pilot and series, it may also purchase the program for 1 or 2 years. Brown may produce the pilot or transfer the rights for the series to a competitor for $100,000. Brown’s profits are summarized in the following payoff table (profits in thousands). sate of nature reject 1 year 2 years produce pilot -100 50 150 sell to competitor 100 100 100 For a consulting fee of $2500, an agency will review the plans for the comedy series and indicate the overall chances of a favorable network reaction to the series. Draw the decision tree for this revised decision problem. Label the tree (actions, states of nature, payoffs);Question 1 Tom and Jerry enter into an agreement whereby Tom will sell his boat to Jerry for $100,000. However, unknown to both parties, Tom’s wife, who was a co-owner of the boat, had already sold the boat to Jack for $130,000. Jerry is seeking to enforce his agreement with Tom since he had made plans with his family to spend a few days out in the ocean next week, and he does not want to disappoint his family. Tom is however not pleased that Jerry is still seeking to enforce the agreement, since he had no knowledge of what his wife had already sold the boat. Tom is now seeking your legal advice on the matter. Advise Tom Would your advice have been different if Tom had known that his wife had already sold the boat when he contracted with Jerry? Note: You are required to use the IRAC model to answer all problem questions. What is the issue? The Law on the issue. Application of the Law to the…
- The insured is covered under O.A.P. 1 Owner’s Policy including Direct Compensation-Property Damage and is involved in an accident in Ontario with an automobile, for which he/she is not at fault. His/her car is severely damaged and personal belongings in the car are destroyed. Which one (1) of the following statements is correct? O A) Damage to the insured's car and reimbursement for a rental vehicle are covered by the third party’s policy. O B) Damage to the insured’s car, replacement of destroyed personal belongings and reimbursement for a rental vehicle are covered by the insured’s policy, less the policy deductible. O C) Damage to the insured’s car, replacement of destroyed personal belongings and reimbursement for a rental vehicle are covered by the third party's policy. O D) Only damage to the insured’s car and reimbursement for a rental vehicle are covered by the insured's policy.Scenario B (Australian Taxation Law): – Taxpayers at retirement age Inder Muller, aged 58, recently retired from his employment as chief accountant of Moon Light Pty Ltd, after 17 years and 4 months of service. Inder’s wife Belinda, aged 59, is currently running a small newsagency. Inder and Belinda visited you to seek advice on various retirement planning options specified below. Inder and Belinda both are covered by private health insurance. 3) Regarding Belinda’s Business Belinda has started the newsagency business 3 months ago. She would like to get advice on the tax benefits available for her new business. The expected business turnover for the financial year ending 30th of June 2022 is $500,000 including GST. She has purchased the following assets for the business. > Photocopy machine for $5,500 including GST on the 15th of Feb 2022 and was ready to use on the 1st of March 2022 > Motor vehicle purchased on the 1st May 2022 for $68,800 including GST, to be used solely for…Pls help ASAP
- In 2012, Joel, Harold, Ray and Frank have decided to purchase a cottage as joint tenants (with rights of survivorship). This year, Frank has decided that he would like to sever his piece of ownership in the property so that he can step back and focus on spending more time with his grandchildren. Frank will: Question 9 options: Be required to inform and obtain consent from the other tenants of his plans Need to offer to sell his portion to the existing owners of the property before discussing the sale to any third parties Be unable to sell his portion to his common law partner Incur a tax liability dependent on the ACB and FMV of the propertyWhich one (1) of the following situations may have an effect upon the premium charged for a Homeowners Comprehensive policy? OA) Theft coverage on unscheduled jewellery up to a $2,000 limit. OB) The house is unoccupied for three (3) months during the winter. OC) The insured installs a wood burning stove. OD) The insured's mother-in-law moves into the house.Question 1: If John picked up goods from Steve, and while tranporting them to Bob, the trailer was destroyed. Bob refuses to pay for the goods since they weren't delivered. Who pays for the goods? Question 2: Same fact as above. Steve loaded the wrong items and the goods were shipped. What happens in this situation. Question 3: If Steve sent the goods and they were stolen. They were purchased by Victoria from the theifs. Who is entitled to the goods. Steve, Victoria, or Bob. Answer these 3 questions
- PT. Jaya Service Indonesia, a company engaged in car servicing located in Radio Dalam, South Jakarta, during the month of February 2024 had the following transactions: 1-Feb-24 Received payment for car servicing from Mr. Budi amounting to Rp. 7,500,000 6-Feb-24 Paid cash for the repair of office AC service fee worth Rp. 300,000 7-Feb-24 Company paid cash for advertising expenses in a local magazine amounting to Rp. 9,000,000 12-Feb-24 Completed servicing of 25 Daihatsu Xenia office vehicles belonging to PT. Bumi Indonesia Indah, with a service price per unit of Rp. 12,000,000, for which PT. Bumi Indonesia Indah has not yet made payment 15-Feb-24 Purchased Aqua gallon, sugar, tea, coffee for office logistical needs, totaling Rp. 1,350,000 21-Feb-24 Paid electricity, water, and telephone bills for the previous month amounting to Rp. 10,500,000 22-Feb-24 Paid long-term bank loan installment of Rp. 9,000,000 27-Feb-24 Received payment for servicing from PT. Bumi Indonesia Indah dated…Number 16: Which of the following is true about implied authority?Question 27 Hanna has an existing claim for $500 against Archie. Hanna and Archie agree that she will accept $250 and her bathroom sinks to be installed by Archie. Archie bought the sinks and will be installing them within the week. If either of the parties decide not to abide by the new agreement, they can assert the following: O specific performance O accord and satisfaction O waiver rescission