Law Answers

Which of the following is not a Statutory estate recognized under Texas Law?
a. Community property
b. Patent Rights
c. Water Rights
d. Homestead

Which of the following is not required In a forcible entry and detainer suit (eviction)?
a. A written notice to vacate within three days is required before bringing action for eviction
b. Only the owner of the property may file for eviction
c. Eviction proceedings focused only on the issue of possession
d. Eviction is heard in the Justice of the Peace Court.

Good day, what are the maintainances of internal security and external security in a correctional facility?

Watson Co becomes insolvent and placed into voluntary liquidation by its directors. Dissolve liquidators have been appointed as the company liquidators. On the winding up of the Watson Co, Dissolve liquidators have started distributions and Paul as ex-shareholder of Watson Co received $7,200 from the liquidators, which was inclusive of $3,000 unfranked dividend pursuant to the provision of Income Tax Assessment Act 1963, section 47(1). This distribution to Paul was from his $4,000 investment in the shares of Watson Co on 2nd February 2019.

Required: With reference to relevant provisions of ITAA 97 and ITAA 36, critically analyze the tax consequences of the above scenario for Paul. (10 marks, maximum 300 words).

Australian taxation law
Alex is a carpenter who purchased a vacant block of land in Sydney on 1 October 1980. On 1
September 1986, Alex built a house on the land. At the time, the land was valued at $110,000 and
the cost of construction was $100,000. Immediately, after the construction finished, the property
has been rented out. On 1 March 2019, Alex sold the property at auction for $1,400,000.
Required:
With reference to relevant legislation/case law, determine:
a) Alex’s net capital gain or net capital loss for the year ended 30 June 2019 using both Discount
method and Indexation method.
b) How would your answer to a) differ if the owner of the property was a company instead of Alex?

Due to COVID-19 impact, Watson Co becomes insolvent and placed into voluntary liquidation by its directors. Dissolve liquidators have been appointed as the company liquidators. On the winding up of the Watson Co, Dissolve liquidators have started distributions and Paul as ex-shareholder of Watson Co received $7,200 from the liquidators, which was inclusive of $3,000 unfranked dividend pursuant to the provision of Income Tax Assessment Act 1963, section 47(1). This distribution to Paul was from his $4,000 investment in the shares of Watson Co on 2nd February 2019.
Required: With reference to relevant provisions of ITAA 97 and ITAA 36, critically analyze the tax consequences of the above scenario for Paul

A is a carpenter who purchased a vacant block of land in Sydney on 1 October 1980. On 1
September 1986, A built a house on the land. At the time, the land was valued at $110,000 and
the cost of construction was $100,000. Immediately, after the construction finished, the property
has been rented out. On 1 March 2019, A sold the property at auction for $1,400,000.
Required:
With reference to relevant legislation/case law, determine:
a) A’s net capital gain or net capital loss for the year ended 30 June 2019 using both Discount
method and Indexation method.
b) How would your answer to a) differ if the owner of the property was a company instead of A?

You are CEO of a large company publicly traded company. You are negotiating several contracts with foreign governments in Vietnam, India, and Brazil to provide hardware and software to government agencies. Are you interested in including an arbitration clause in the contract? What are the pluses and minuses of such . How does your plan change, if at all, if you are dealing with multiple corporations in the same countries? What if you are dealing with one corporation in the United Kingdom and one in New York? Discuss how clause? What alternatives do you have? these variables may affect your decision.

•Alden had just bought a brand new car. He serviced it regularly and had great confidence in his mechanic, Timmy. One day, he took the car to Timmy for its 10, 000 km service. He had to leave the car at the garage for several hours. Alden received a docket that stated his name and registration number together with his contact details.
There was a notice displayed at the counter stating the followings but it cannot be viewed clearly because the main door is blocking them.
“All care taken but we assume no responsibility for any damage or loss incurred whilst the vehicle is in our custody, howsoever caused.”
During the time Alden left the car with Timmy, the garage was broken into and Alden’s valuable stereo system he left in the car was taken.
Advise Alden whether he is bound by the notice displayed at the counter.

In a case of non-conforming machines that were delivered, if the buyer cured the non-conformity at its own expenses, the buyer may successfully seek money damages from the seller for the repair expenses as well as any losses the buyer’s business suffered due to the non-conforming machines regardless of whether such damages were foreseeable damages at the time of creation of contract between the buyer and the seller.

is this true or false

The buyer should examine the goods for any lack of conformity, and if the buyer is not satisfied with the delivered goods, then it is sufficient for the buyer to notify the seller of the lack of conformity by sending the following note to the seller: “The delivered goods are not in conformity with the contract terms because they are not according to my expectations.”

is this true or false