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In Appleton v H. little wood Ltd [1939] 1 All ER 464 a punter claimed to have won £4 335 on the football pools but the defendants refused to pay. The pools form which the claimant had completed contained the rules and conditions. Rule 2 said, 'It is a basic condition of the sending in and the acceptance of this coupon that ... any agreement entered into or payment made by or under it shall not be attended by or give rise to any legal relationship, rights, duties or consequences whatsoever or be legally enforceable or the subject of litigation, but all such arrangements, agreements and transactions are binding in honour only'. The defendants claimed that the sending in of the coupon and the acceptance of it could not possibly amount to a contract. Do you think that the Court of Appeal agreed?
For each of the events, prepare journal entries if a transaction exists, checking that debits equal credits. If a transaction does not exist, explain why there is no transaction. Assuming that the beginning balances in each of the accounts are zero, ..
alberta gauge company ltd. a small manufacturing company in calgary alberta manufactures three types of electrical
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crossroads mall had 100000 outstanding shares of common stock. on june 16 2012 crossroads repurchased 20000 shares of
Evaluate the following and determine the pros/cons of each decision:a. Should College stop hiring temporary employees and ask its full-time workers to work overtime to handle the extra load?b. Should College get its temporary employees from a ..
highland inc. has the following estimated quarterly sales for next year. the accounts receivable period is 30 days. how
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The EPA has not yet proposed a penalty assessment. Shu's fiscal year ends on December 31, 2013. The company's financial statements are issued in April 2014.
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bp makes a variety of ceramic sinks and tubs. ebp has just developed a line of sinks and tubs made from a mixture of
You have decided to buy a perpetual bond. The bond makes one payment at the end of every year forever and has an interest rate of 5%. If the bond initially costs $1000, what is the payment every year?
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