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BREACH OF TRUSTRemedies available to beneficiary: Injunction, Personal action, Criminal liability.Defence of trusts: He may be relieved from liability if, in the opinion of the court, he acted honestly and reasonably and ought to be excused; He may also be released by any beneficiary, being sui juris and with knowledge of the facts, from liability to that beneficiary only.Contribution and indemnity: Generally the trustees are jointly and severally liable to the beneficiaries and a trustee sued may claim contribution from the others where although two or more trustees are liable, one has paid more than his fair share of the loss.
Evaluating a Company's Budget Procedures Springfield Corporation operates on a calendar-year basis. It begins the annual budgeting process in late August, when the president
Star Corporation issued both common and preferred stock during 19X6. The stockholders' equity sections of the company's balance sheets at the end of 19X6 and 19X5 follow.
The following facts pertain to a noncancelable lease agreement between Lennox Leasing Company and Gill Company, a lessee. Inception date: May 1, 2012 Annual lease payment due at th
2000
The common stock of the PP Corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out that range in the next 3 mont
On May 2, 1986, Hannah acquired residential real estate for $450,000. Of the cost, $100,000 was allocated to the land and $350,000 to the building. On January 20, 2013, the buildin
I want you guys to make my assignment of 2500 words please let me know the price and I din''t have time I want it by tomorrow
if you inherited 45,000 today and invested all of it in a security that paid a 7 percent rate of return how much would you have in 25 years
Jane makes a living renting expensive state of the art surveillance equipment to detectives and nervous spouses. Her average rental period is 27 days. The rental price includes all
In additional information depreciation of two years is given. What is the treatment of it while preparing fixed assets account.
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