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- Loan interest income ► S.15(1)(i) 。 sums, not otherwise chargeable to tax under this Part (i.e. not chargeable under s.14), received by or accrued to a financial institution by way of interest which arises through or from the carrying on by the financial institution of its business in Hong Kong, notwithstanding that the moneys in respect of which the interest is received or accrues are made available outside Hong Kong 。 Contrast to s.14: arising in or derived from HK What does "arises through or from" mean? Loan interest income is deemed taxable even though the loan is made available outside Hong Kong? 74Mm.7. Subject:- Account Chang Industries has 1,700 defective units of product that already cost $40 each to produce. A salvage company will purchase the defective units as is for $18 each. Chang's production manager reports that the defects can be corrected for $32 per unit, enabling them to be sold at their regular market price of $34. The $40 per unit is a: Chang Industries has 1,700 defective units of product that already cost $40 each to produce. A salvage company will purchase the defective units as is for $18 each. Chang's production manager reports that the defects can be corrected for $32 per unit, enabling them to be sold at their regular market price of $34. The $40 per unit is a:brief the case for Sullivan v. Methodist Hospitals of Dallas, 699 S.W.2d 265 (Tex. App. 1985) headnote 1
- 7 - Intellectual Property includes only intangible products of the human mind. TrueFalseam. 111.24. Concept Summary 2.2 of the textbook. a. 716 F.2d 693 (CA-9, 1983) b. 20 T.C. 734 (1953) c. 348 U.S. 426 (1955) d. 3 B.T.A. 1042 (1926) e. T.C.Memo. 1957-169 f. 50 AFTR 2d 92-6000 (Ct.Cl., 1992) g. Ltr.Rul. 9046036 h. 111 F.Supp.2d 1294 (S.D.N.Y., 2000) i. 98-50, 1998-1 C.B. 10 Court of Federal Claims Tax Court U.S. Ninth Circuit Court of Appeals Not a court decision
- Handwritten words are given less importance by the court than preprinted words on a written contract.Question 11 options: True FalseIn order to agree to an offer, the offeree must know of the offer.Question 12 options: True FalseAn advertisement is an offer for a sale of an item by express contract.Question 13 options: True FalseAny modifications to the offer by the offeree, modifies the offer and makes it a counter offer.Question 14 options: True FalseUniform Commercial Code covers contracts relevant to sale or lease of goods.Question 15 options: True FalseQuestion 24:Question 5 With reference to the English Legal System: a) Explain, identify and illustrate three rules of statutory interpretation. b) Explain mediation and arbitration as alternative methods of resolving civil disputes and the advantages of these alternatives compared to taking action through the civil courts. c) Identify and explain the key differences between Civil & Criminal Law.