...Essay Topic: The interpretation of the definition of the word “Courage”. Essay Questions: What feelings does the word courage provoke in you? How courage is traditionally interpreted? How important is courage for any personality type? Thesis Statement: The definitions of this word are numerous, but since the world around us changes the definitions change, too. For instance, if we talk about the liberty of word we can define “courage” as the person’s ability to say what he thinks on this matter. Courage, what feelings do you get when you hear this word? Do you feel Inspiration, Admiration, Respect, Fear, or maybe nothing at all? To some people courage is just another word, and for others it means so much more. The word courage comes from the Latin word coraticum. The root”cor” means heart. Then after the world entered English through French it was completed with an English suffix- age, which expressed action or the result of action. So the word courage really means an action that comes from the heart, in other words it is a noble action. How is this word used by contemporary people? The main usage of this term of this term of the word is, to describe people who have a type of mind that allows them not to think rational, and face danger without fear. Which is also referred to as bravery or boldness? This word is usually used when talking about man, because from its original form it was considered to be more of manly virtue. The definitions of this word are numerous, but...
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...payable = taxable income x. tax rate|Once the amount of taxable income has been calculated, the Tax Law then applies a scale of Tax Rates to this amount in order to work out exactly how much tax the person has to pay for this year.|s. 4-10(3)| ||| Taxable income is assessable income minus allowable deductions|Our concern is not with the tax rates nor the amount of tax payable, but rather with the steps that lead up to finding the amount of taxable income earned during the year.Taxable income is defined in the Tax Law to be the difference between a person’s assessable income and deductions (reduced by losses made in prior years). So it is a two-step process – looking first at what amounts fall into assessable income, and then looking at what amounts are deductions.These are the two critical concepts that we want to examine:1. Which receipts and other amounts form part of a person’s assessable income?2. Which payments and other amounts are allowed as deductions?If we know the answers to these questions, we then know how much is the person’s taxable income.|s. 4-15| 2. The first part of taxable income: assessable income You will find this rule in …| Assessable income is ordinary income|Section 6-5 of the Tax Law says that a person’s assessable income includes all their “ordinary income” derived during the year. |s. 6-5| ||| Plus statutory income|Section 6-10 then says that a...
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...Produces Excessive Patent Grants Gregory Mandel∗ The dominant current perception in patent law is that the core requirement of nonobviousness is applied too leniently, resulting in a proliferation of patents on trivial inventions that actually retard technological innovation in the long run. This Article reveals that the common wisdom is only half correct. The nonobviousness standard is not too low, but both too high and too low. It is indeterminate. Three principal factors produce nonobviousness indeterminacy: a failure to identify the quantum of innovation necessary to satisfy the standard, a failure to define the baseline level of ordinary skill against which to measure an innovation, and the epistemic infeasibility of requiring a technologically lay decision maker to judge from the perspective of a more highly trained and educated person of ordinary skill in the art. This Article introduces a mathematical model of innovation and patenting to analyze the effects of nonobviousness indeterminacy. Based on the model, indeterminacy in nonobviousness decisions has several unexpected consequences. First, indeterminacy results in an excessive total number of patent grants, and in many patent grants on obvious inventions. Second, indeterminacy leads to too many patent applications on obvious inventions and too few applications on non-obvious inventions. ∗ Professor of Law, Temple University — Beasley School of Law. I am grateful for comments on earlier drafts from David Adelman, Rochelle...
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...Judith Guest’s novel, Ordinary People, and movie One Flew Over the Cuckoo’s Nest, directed by Milos Forman, both share a number of traits that correlate with one another . Such traits include vulnerability, perfection, and emotional imbalance. Both Ordinary People and One Flew Over the Cuckoo’s Nest captivate the emotions of the audience by addressing these three traits through a point of view, setting, and imagery. Since Ordinary People has two perspectives of a father and son, the point of view in One Flew Over the Cuckoo’s Nest focuses on Nurse Ratched’s confrontation with Billy. Furthermore, the vulnerability that Con develops after the death of his brother also applies to Billy when Nurse Ratched humiliated him in front of the other...
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... Heider founded the study of how ordinary people think about each other. In 1958 Heider contributed to two central ideas in which the idea of studying how regular people make sense of each other. The first study is how people think about other people which can keep these two meaningful data for scientific analysis. We shall make use of the unformulated or half –formulated knowledge of interpersonal relations as it is expressed in our everyday language and experience -- this source shall be referred to as common -sense or naïve psychology (Heider). Heider made a suggestion that we should listen to what people say about how they think about other people during gathering, peoples every day theories. In order to be able to do that one must talk to ordinary people which are a good source of information. Heider had a very great deal of respect for ordinary people, even to the fact that Heider invented the term naïve psychology. Heider’s second major proposal argued that psychologists have to customize every data from people’s everyday experience, making them more precise, coherent, and scientific (Fiske, 2012). Heider’s is able to point out that using scientific theory and research can provide concessional framework that reveals the common pattern among the diverse events. His work has made the painstaking analyzes every personality, drawing from impressive range of then-available science. Ordinary people are able to know how other ordinary people think. But many people are not...
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...REGULATORY GUIDE 196 Short selling April 2011 About this guide This guide contains an overview of the short selling provisions of the Corporations Act 2001 (Corporations Act) and the Corporations Regulations 2001 (Corporations Regulations) as they relate to securities, managed investment products and certain other financial products. In particular, it addresses the naked short selling prohibition and the reporting and disclosure obligations. This guide is particularly relevant to institutional investors and brokers who are involved in short selling activity. REGULATORY GUIDE 196: Short selling About ASIC regulatory documents In administering legislation ASIC issues the following types of regulatory documents. Consultation papers: seek feedback from stakeholders on matters ASIC is considering, such as proposed relief or proposed regulatory guidance. Regulatory guides: give guidance to regulated entities by: explaining when and how ASIC will exercise specific powers under legislation (primarily the Corporations Act) explaining how ASIC interprets the law describing the principles underlying ASIC’s approach giving practical guidance (e.g. describing the steps of a process such as applying for a licence or giving practical examples of how regulated entities may decide to meet their obligations). Information sheets: provide concise guidance on a specific process or compliance issue or an overview of detailed guidance. Reports: describe ASIC compliance or relief...
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...Boom! The airplane slammed into the World Trade Center. Screams and pleads for help filled the busy city. Fire and smoke covered the iconic “twin tower” full of innocent people. Firefighters sprinted into the burning building, despite the dangers. Smoke-covered people were evacuated from the building by the first responders. Many of them died, but they saved a remarkable about lives. Heroes come in many ways, but all have one thing in common. They are ordinary people that act extraordinarily. Heroes significantly impact other’s lives. Oftenly, they don’t brag about their heroic acts. For example, “Steve St. Bernard insists he is not a hero, but it is a label he might be stuck with for a while” (NewsCurrents). Steve saved a young, special...
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...Daniels is involved in two different scenarios that have a few issues. In the first fact pattern the issues presented are holder in due course, negotiable instrument, ordinary contract principles, and estoppel. In the following fact pattern, the issue presented is surety versus guaranty. The issues will be solved by analyzing the law of the specific topic or term. First State Bank of Gallup was trying to collect from the maker of the note, in this case Daniels, because Clark defaulted on the loan after several payments. Daniel refuses to pay arguing that the note was a nonnegotiable instrument and therefore invalid in the hands of the bank. For First State Bank to able to collect from Daniels, has to be a holder in due course if the note is a negotiable instrument. Under the U.C.C. – Article 3 – a holder in due course means the “holder of an instrument if: the instrument when issued or negotiated to the holder does not bear such apparent evidence of forgery or alteration or is not otherwise so irregular or incomplete as to call into question its authenticity; and the holder took the instrument (i) for value, (ii) in good faith, (iii) without notice that the instrument is overdue or has been dishonored or that there is an uncured default with respect to payment of another instrument issued as part of the same series, (iv) without notice that the instrument contains an unauthorized signature or has been altered, (v) without notice of any claim to the instrument described in Section...
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...It has been accepted for inclusion in Revenue Law Journal by an authorized administrator of ePublications@bond. For more information, please contact Bond University's Repository Coordinator. The Meaning of Income : the Implications of Stone v FCT Abstract In the recent case of Stone v FCT, the Australian Federal Court had difficulty in determining whether grant payments made to an elite athlete should be characterised as income. Both levels of the Court determined the character of the payment based on a whether or not Ms Stone was carrying on a business or merely pursuing a hobby. This article argues that the distinction between a business and hobby should not blur the interpretation of what constitutes income according to ordinary concepts. The suggested threshold of when voluntary payments received by an athlete will attain the character of income should be when the individual commences commercially exploiting their personal attributes for money. Keywords income tax, Australian federal court, tax legislation This journal article is available in Revenue Law Journal: http://epublications.bond.edu.au/rlj/vol14/iss1/9 Clark: The Meaning of Income : the Implications of Stone v FCT THE MEANING OF INCOME: THE IMPLICATIONS OF STONE V FCT By Dr Braedon Clark∗ In the recent case of Stone v FCT, the...
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...A hero is not greedy and does not blow over their responsibilities they do not give up or do the wrong thing just because it's the easy way out. The complete opposite of a hero is a bystander; a person who just watches the world go by without doing anything. This person blends in with the background and doesn’t speak up. A true hero doesn’t have to have a motivation besides helping people; in other words, they don’t care if they get the glory and save the damsel in distress. Now, I think of Ana, the ordinary mother who “was involved in extraordinary events,” as she battled against cancer. I think of Abraham Lincoln who was depicted as a noble sea captain in Walt Whitman’s poem, “O Captain! My Captain!” Throughout this unit, I have had my thinking has changed dramatically because I have realized that true heroes are hiding, but they are the people that come out when they are...
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...Comprehensive Problems: 50. Jack and Jill are owners of UpAHill, an S corporation. They own 25 and 75 percent, respectively. a. What amount of ordinary income and separately stated items are allocated to them for years 1 and 2 based on the information above? Year 1 Year 2 Ordinary Income Jack (25%) $10,625 $32,750 Jill (75%) $31,875 $98,250 Ordinary income= Overall net income – dividends – interest income Jack (45,000 – 500 – 2000 * 25%, yr1/ 134,500 – 1,000 – 2,500 * 25%, yr2) Jill (45,000 – 500 – 2000 * 75%, yr1/ 134,500 – 1,000 – 2,500 * 75%, yr2) Separately stated Jack Dividends $125 $250 (Yr1= 25% of 500/ Yr2 = 25% of 1000) Interest Income $500 $625 (Yr1= 25% of 2000/ Yr2 = 25% of 2500) Jill Dividends $375 $750 (Yr1= 75% of 500/ Yr2 = 75% of 1000) Interest income $1,500 $1,875 (Yr1= 75% of 2000/ Yr2 = 75% of 2500) b. Complete UpAHill’s Form 1120S, Schedule K, for year 1. Year1 1120S 1. Ordinary business income (loss) 42,500 2. Net rental real estate income (loss) ...
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...Zelenko at all. D voluntarily acted as a Good Samaritan but was not required to rescue Mrs. Zelenko. Rule: If a defendant undertakes to rescue someone, even if there is no duty to rescue, defendant must not omit to do what an ordinary person would do in performing the task. Analysis & Holding: D initially had no legal duty to rescue Mrs. Zelenko, but once D voluntarily initiated the rescue, D had to perform with the reasonable care an ordinary person would employ in the same situation. D breached the duty to use reasonable care when he removed Mrs. Zelenko from the store, segregating her from others who might have conducted a more effective rescue, and then abandoned her. Therefore, because D failed to use reasonable care of an ordinary person after voluntarily undertaking to rescue Mrs. Zelenko, P has a claim against D. Comments: In 1935, department stores had no legal duty to rescue a customer who became ill on the premises! Seems unlikely today – one would think that a store could be negligent if it failed to at least call 911. Note: The Court emphasized the duty arose only because D initiated rescue – distinguishes automatic, heightened duty of common carrier (bus driver, pilot,...
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...Magical realism is a serious fiction that conveys the different realities of a person or community in a way that the magical and the ordinary are seamlessly blended in one. There are many elements an author utilizes to create this type of fiction. Magical realist authors aim to write the ordinary as miraculous and uncover a reality of people or communities that are outside of the objective norm. Although magical realism is very similar to other genres of fiction, it has individual characteristics and elements that categorize it separately from fantasy. Authors of magical realism tend to use the literary device of personification to have ordinary objects and settings within their story, take on lives of their own in a way that is seen as normal to the characters. During the novel, Bless Me Ultima by...
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...ACW1002 Tutorial Solutions – Topic 6 6.12 (p. 297) Under law, individuals or ‘natural persons’ are liable for their actions. A corporation is a separate legal entity with a continuous life. That is, the life of the corporation continues until it is legally ‘wound up’ or dissolved. This can last for many years, and employ many different staff and management in its lifetime. Therefore, the activities of the corporation are subject to legal requirements, in a similar manner to a natural person. There is separate legislation for companies, and this can be found in Corporations Law. The corporation is a legal entity, and therefore it is held responsible for the results of its actions. If the corporation is liable for its actions, then any legal impositions or penalties may reduce its financial results, and in the longer term impact its reputation. 6.13 (p. 297) The statement is incorrect. According to section 201(1) of the Corporations Law no dividend is to be payable to a shareholder except out of profits. 6.29* (p. 303) July 1 Cash at bank Equipment Goodwill Accounts payable Liability to vendor (Purchase of business) 5 000 18 000 52 000 7 000 68 000 Liability to vendor Cash Paid-up capital (Payment of vendor) 68 000 8 000 60 000 1 ACW1002 Tutorial Solutions – Topic 6 6.31 (p. 303) July 1 July 2 July 4 July 4 Cash Paid-up capital (Issue of shares at par) 150 000 150 000 Formation costs Cash (Costs of formation) 8 000 8 000 Inventory Machinery Goodwill Accounts payable...
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...days or weeks to build, it is something that can take up to a lifetime to achieve. There are a lot of people in this world today that are without a personal brand or something that sets them apart from the rest of their peers. This is not because they’re too lazy or unnoticed to make one for them self; it is due to the fact that it takes time to build something out of yourself for other people to recognize. If you take a look at Stephen Curry, he is an example to all of someone who made a personal brand out of himself. Coming from a small college, Davidson, no one thought that he would make out to be the player that he is today. In saying that, if you beyond the type of basketball player that he is, he is also a person that has made a statement of the type of person off the court he is. If you didn’t know, Stephen Curry writes his favorite Bible verse on all of his shoes, which happens to be Philippians 4:13, and when he asked Nike to stitch this on his shoes, they told him no. At this time, Nike accounted for 95.5 percent of the basketball sneaker market in 2014, according to The Washington Post. Shortly after they denied him this, he switched over to Under Armour, where they were more than happy to put this Bible verse on his shoes. For me, this is what made Stephen Curry’s personal brand, not the fact that he ditched the most popular shoe brand, but because he showed that his faith was more important to him than having a huge contract with the best company in the world...
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