What kind of obligation are the following? 1.1. Rosalie agreed to pay her tuition fee in five monthly installments. 1.2. Gino promised to give Rhino a puppy husky four months from now. 1.3. Ivy is buying a pair of headlights for her car but requested that she will buy one piece at a time because her money is insufficient for both pieces.
What kind of obligation are the following? 1.1. Rosalie agreed to pay her tuition fee in five monthly installments. 1.2. Gino promised to give Rhino a puppy husky four months from now. 1.3. Ivy is buying a pair of headlights for her car but requested that she will buy one piece at a time because her money is insufficient for both pieces.
Chapter2: Income Tax Concepts
Section: Chapter Questions
Problem 37P
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What kind of obligation are the following?
1.1. Rosalie agreed to pay her tuition fee in five monthly installments.
1.2. Gino promised to give Rhino a puppy husky four months from now.
1.3. Ivy is buying a pair of headlights for her car but requested that she will buy one piece at a time because her money is insufficient for both pieces.
1.4. The parents donated a farm lot to their children Josie, Jojo, and Joey.
1.5. The teacher opted for “blended” teaching where she can meet students face to face for 10 hours and give them e-learning materials for 40 hours.
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