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Question: Linda is the executor and trustee of Lucifer's estate. Lucifer has an extended family, but, following a family fall-out, has only kept in touch with his brother and sister, Michael and Charlotte. Lucifer is an avid collector of wildlife artwork, and has gathered a total of 100 paintings to date. 50 of the paintings are stored in the garage in his flat, while the other 50 paintings are hung in his flat's spare bedroom. For the past 10 years, Lucifer has volunteered at a local monkey sanctuary, Monkey Protection co, with Chloe, a friend who has shared Lucifer's passion for the protection of wildlife since their childhood. Lucifer is a shareholder in Monkey Protection Co and owns a total of 10,000 shares valued at £1,000, and another 40,000 shares valued at £750. Lucifer's most recent supervisor at the sanctuary was also called Chloe, and two got along well. She supervised Lucifer for 3 weeks before Lucifer passed away. In Lucifer's will were the following devises and bequests: a) "I give my 100 wildlife paintings to my relatives which are to be divided as my trustee shall think fit"; b) "25,000 of my shares in Monkey Protection Co to be given to my friend, Chloe"; c) "To my brother, Michael, I give my flat absolutely in the assurance that he will sell the property and donate the sale proceeds to Monkey Protection Co" Discuss the legal issues and advise Linda.
The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..
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Company Law, Application of Law to Facts and Conclusion.
This assignment related to business law.
Answer all the questions under business law.
Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.
Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.
Business value and ethics, Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..
Advise what tax consequences arise in respect of the payments.
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