Is the amount of damages assessable

Reference no: EM132347427

Question 1

Judy is a judge. This was a stressful occupation, so for relaxation she had a keen interest in gardening. She has an extensive garden and has undertaken a number of courses in landscape design and flower arranging. Judy often sold flower arrangements to friends, friends of friends etc for weddings, funerals, birthdays, anniversaries and other special occasions. She is paid $150.000 per year as a judge. Is the amount she receives from the sale of the flowers assessable? Why?

Question 2

Mighty Mandrake. a well-respected magician, sued Global News for defamation. He won his action and was awarded $100,000 damages. Is the amount of damages assessable? Why?

Question 3

Albers Einstein was a vety successful salesperson. He had worked for Excelsior Pty Ltd for the past 10 years. He had an extensive knowledge of the client base of Excelsior. The company was afraid that if Albert left he would be able to utilise this information to the disadvantage of Excelsior. Accordingly, an arrangement was entered into whereby Excelsior paid Albert $70.000 not to set up his own business in competition with Excelsior, or work for a competitor of Excelsior, for a 5 year period after leaving Excelsior.

Reference no: EM132347427

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