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Impact of TaxDiscuss about the Tobacco Perfectly Competitive Market. The question states that the tobacco market can be assumed as a perfectly competitive market. As a result, the market would host a huge number of sellers and the size of each of these sellers would not be large enough so as to affect the market price. Additionally, the product sold by each of these sellers would be exactly the same, hence there would be no difference...
DiscussionDiscuss about the Statistics and the Evaluation of Evidence. Nicole and O.J. Brown got married on 2nd February in the year 1985 after he retired from his professional football for about five years. They had two children, S.B. Simpson and J.R. Simpson. The marriage life of the couple lasted for three years where Nichole Brown complained about domestic violence, and the police were found investigating on that matter. Lastly, ...
Market Value SubstitutionDiscuss about the Taxation for Capital Gains Tax. Under Irish taxation law, the capital gains resulting from the clearance of assets are liable to tax under Capital Gains Tax. Under the provision of Irish taxation law, to determine tax value of the resulted capital gains in asset transfers, with either given or inward for consideration, the market value is likely to be substituted, as in certain circumstances,...
Current situation of the companyWrite a short note on Sengupta Fibres Ltd. company. Sengupta Fibres Ltd. is an Indian company, which use to manufacture and supply nylon yarns to the various textile mills. Presently, it has been discovered that the company is running out of cash funds. Moreover, All-India Bank & Trust Company, who used to provide funds to the company in terms of short-term loans, has also decline to provide furthe...
Contract FormationDiscuss about the Business Law for Pharmaceutical Society. The formation of a valid contract requires in the first place an offer that is valid, the willingness of the parties contracting in line with the specific terms are defined by it. Further, the main intent behind these terms is to ensure that the offer becomes binding on the persons as soon the same are accepted. In the case of Pharmaceutical Society of Great ...
Introduction: Discuss about the Business Law for Forum Pty Ltd. Facts: The registration of Australian Investors Forum Pty Ltd was done on 18th May, 1999. Lloyd –Cocks was appointed as a secretary of the Company and Mr. Luvara was appointed as the sole Director of the Company. The business of the Company was carried on from an office in North Sydney. The business of the Company was founded on the concept of share inves...
Facts of the caseDiscuss about the Business Law Assignment for Legal Relationship. An agency is a legal relationship in which one person authorises another person to act on his behalf. The person who is authorised to act on another’s person behalf is called an agent and the person on whose behalf the act is done is called a principal. There are certain obligations and liabilities which arise from the creation of agency. Th...
Chosen Career: Sales Executive in Samsung Electronics Company Limited in United Arab EmiratesDiscuss about the Legal Environment of Business for Sales Executive. Chosen Career: The career that I have chosen is Sales Executive in Samsung Electronics Company Limited in United Arab Emirates. According to my perception, the job of a sales executive is one of the most competitive jobs in the field of marketing. As a sales executive, I sha...
Essential Elements of a Valid ContractDiscuss about the Commercial Law for Mutual Obligations. 1. Contract is defined as an agreement which is legally enforceable between two or more people that create mutual obligations. Thus, for any agreement to become a contract, it needs to enforceable under law. However, there are certain elements which are necessary to be present in every agreement to make it lawful. These elements are offer, acc...
Capital gains tax on sale of assetsQuestion:Discuss about the Capital Gains and Personal Home Tax.The proceeds received by Dave from sale of his residence at St Lucia is fully exempted from capital gains tax because as per ATO proceeds from a sale of personal home are fully exempted if the individual has been living it for the duration for which he/she has owned the property and the property hasn’t been generating any assessable income.The...
Elements of a ContractQuestion:Discuss about the Essay for Commercial Law and Law of Torts.The scenario that is provided depicts that Alan went to the shop of Ben for making the purchase of Russian vodka. After his visit, he made asked Ben for three bottles of vodka that is Russian. Upon his inquiry, Ben gave the answer that the bottles that Alan was holding in his hand are of the same description that was demanded by him. Alan then made the pur...
Registration of CompanyDiscuss about the Legal Environment of Business for Corporations and Securities Legislation. Registration of Company Share Register To: The Board of Directors of the Company From: The Company SecretarySubject: The Share Register Under the corporations act, it is required that the company should have one member at least who is termed as being the shareholder of the company (Latimer, 1996). These shareho...
Economic Development in SingaporeQuestion:Describe about the Economics Performance of Singapore. Singapore is one of the economies that have been able to move from third world country to the first world within a short period. The country experienced dire economic and political situations similar to those of many third world countries in the past (Felker et al.,2013). However, development of effective policies, a supportive government, and r...
Evaluation of Two Different Government PoliciesQuestion:Discuss the role government’s policy in controlling the economic balance of a nation. Government’s Policy plays an important role in controlling the economic balance of a nation. It is a major economic tool for maintaining stability in the financial and societal growth of a country. It is important to note that there are several policies implemented by the government which ...
Overview of Malaysia's Budget 2016Question:Analyse the budget of Malaysia for 2016. The article that has been taken up for analysis is one that highlights the budget of Malaysia for 2016. The article takes into account the speech by Najib Razak, the one which discussed the budget that highlights the government’s plans to narrow its budget deficit and address the issue of the rising cost of living. The plans included the budget al...
Essential Elements of Contract FormationDescribe about the Commercial Law. A contract is regarded as something more than a mere agreement that exists between two or more people. For the formation of a contract there has to be the existence of several elements that are considered essential elements of formation of contract (Aubert & Rivard, 2016). The primary elements of a contract are offer and acceptance, legal capacity, cons...
Elements of a Contract and Invitation to OfferWrite an essay about the liquor shop. Contract may be defined as the agreement that exists either in written or spoken terms, makes the binding of more than two persons, or is enforceable under law in any court. Many elements are needed to be present in any contract during its formation (Andrews, 2015). The elements are intention, offer, consideration, acceptance and legal capacity to en...
Challenger DisasterQuestion:Write an essay on The Challenger disaster.The Challenger disaster occurred on January 28th, 1986 when the American shuttle orbiter Challenger broke down 73 seconds after the takeoff. There were seven astronauts aboard the shuttle who all lost their lives in the incident. The mission was stated to be one of the landmarks in the history of NASA but it ended in such a disaster. The spacecraft was on its 10th mission and ...
Concept of capital gain taxesQuestions:Dave Solomon is 59 years of age and is planning for his retirement. Following a visit to his financial adviser in March of the current tax year, Dave wants to contribute funds to his personal superannuation fund before 30 June of the current tax year. He has decided to sell the majority of his assets to raise the $1,000,000. He then intends to rent a city apartment and withdraw tax-free amounts from his per...
Legal Business Structure for a Café Business1. Denise and Freda operate a busy café in Melbourne’s inner east. They have been running the business together for 5 years and share profits equally. As the years progress, Denise and Freda notice that they do not have enough working capital to keep the café running. Denise and Freda need to raise additional funds. Also, due to the slippery floors, there...
Capital Gains Tax on Property SaleQuestions:Dave Solomon is 59 years of age and is planning for his retirement. Following a visit to his financial adviser in March of the current tax year, Dave wants to contribute funds to his personal superannuation fund before 30 June of the current tax year. He has decided to sell the majority of his assets to raise the $1,000,000. He then intends to rent a city apartment and withdraw tax-free amounts from hi...
Contract FormationEmilia is an avid Art investor who likes hanging beautiful paintings in her house. As she was reading the local paper, she sees an advertisement for a painting by Popular Artwork Pty Ltd which read as follows: “Vincent van Gogh – The Red Vineyards near Arles. Original, painted in 1868. Currently located in Pushkin Museum of Fine Arts, Moscow. Selling for $20,000. For more information, call 1800A...
Analysis of personality theory to judge the behaviour of respondentsDiscuss about the Analysis of the Consumer Behaviour. Each and every business organization wants to promote their services and products by understanding the perception of the consumers. Management of any organization must have to judge the needs of the customers so that appropriate planning can be done. In this paper some holiday destinations have been highlig...
Internet Censorship in AustraliaDiscuss about the Report for Internet Censorship for Reasons of Failure. Introduction Internet Censorship is the control over the activities that are done over the Internet. It specifies what can be done on the Internet in terms of accessing, publishing and viewing of the content. There are a number of guidelines, authorities and laws that govern around the subject. The task is performed either by the Go...
Concession RegimeWrite an essay on Oil and Gas Management. The growing nationalism in the oil producing countries has led the oil producing country’s host government gaining control over their mineral asset and taking a large economics rent from the International Oil Companies (IOC). Product Sharing Contracts (PSC) or PSA (Public Sharing Agreement) replaced the Concession type agreement due to dissatisfaction in the returns fo...
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