Answer to Question #228341 in Management for Peter Masih

Question

Please explain Clayton’s Rule of Appropriation by pointing out the relevant provisions
of law. (10 Marks)

Answer 1

Answer.

The rule in Clayton's Case is a common‐law presumption in relation to the distribution of monies from a bank account. It is based upon the notion of first in, first out to determine the effect of payments from an account. Payments are presumed to be appropriated to debts in the order in which the debts are incurred.

The various provisions in the rule concerns that [incorporation] would be more costly than the current arrangements,” Cartier says. “I can adequately represent for the health and well-being of the Claymont community.”

“Incorporation is not necessary in Claymont. Many of the things that could be achieved by incorporation can be achieved through enhancing the Claymont hometown overlay,” Saddler says. “As long as Claymont residents have a say through DRAC and the hometown overlay, I believe that would be our best past forward.”