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DISCLAIMER OF ONEROUS PROPERTY1) Effect of disclaimerThe trustee may disclaim onerous property consisting of: Land burdened with onerous covenants; Stocks and shares;2) Time for disclaimerThe trustee may disclaim in writing at any time within twelve months of his appointment, or of becoming aware of the property, or such extended period as the court may allow.3) Disclaimer of leasesIn principle where the bankrupt is a lessee the lease cannot be disclaimed without leave of the court; but such leave is not required in many cases.4) Rights arising on disclaimerAny person interested in property disclaimed may apply to the court for an order vesting the property in himself; but the court will not make a vesting order in respect of a lease unless the lease is taken subject to the same liabilities and obligations as bound the bankrupt.
Any person injured by the disclaimer may prove in the bankruptcy to the extent of his loss.
On May 19, 2010, Kim placed in service a LIGHT VAN that cost $54,850. It is used 80% for business each year. What is the maximum cost recovery deduction available for the van in 20
Profitability Ratios - These ratios include the Gross profit Margin, Net profit Margin, Operating Margin, Return on Equity (ROE), and Return on Total Assets. These ratios helps t
Powers of investment 1. Shares and debentures: A trustee may: Invest in bearer securities if these would otherwise be authorised; Acquiesce in an amalgamation
Sales= 4,500,000 Min required return= 15% Avg Operating assets= 1,800,00 Residual Income= 90,000 !) Whats the company's return on investments? Please show work so I can see how
Determine the future value of Rs.1000 compounded continuously for 5 year on the interest rate of 12 percent per year and contrast it along with annual compounding. Solution :
RECOMENDATION REGARDING THE CURRENT SOUTH AFRICAN VAT SYSTEM
How to determine the depreciation To determine depreciation in straight-line method, take cost of the asset, less the trade-in value, and divide by the estimated years of usefu
RECEIVERSHIPS: APPOINTMENT OF RECEIVER If a company defaults in payment of principal or interest, or otherwise defaults in observing the conditions contained in debentures issu
Holding company with more than one subsidiary company Under this type of structure, the holding company controls more than one company. For example H ltd may Own 80% of S1, 75%
During it's first year of operations, Rosa Corp has these transactions pertaining to its common stock. Jan. 10 Issued 30,000 shares for cash at $5 per share July 1 Issued 60,000 sh
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