August 3, 2012. Title Theory is a property law doctrine that a mortgage transfers titles to a property to the mortgagee, who holds it until the mortgage has been paid off. In other hand, the Lien Theory provides that a mortgagee of property holds only a lien, and not a title to the property until such time the mortgage is fully paid. The difference between these two theories are that in a Lien Theory the buyer retains the deed to the property, and in the title theory, the bank or finance
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In his book Principles of Property Law, Ziff discusses various justifications for the existence of private property. Of these, economic efficiency and prosperity is the most convincing, due to the objectively quantifiable success of mixed-market economies in providing development for their societies compared to socialist command systems with minimal private ownership of property. Other justifications such as personhood, moral development, labour and desert are questionable due to the social conflict
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original founder of the corporation and later joined with his brother and sons. The Adelphia Communications Corporation (investors) provided over $2.3 billion worth of personal loans to the Rigas family. The Rigas family received assets via fund transfers from the Adelphia Communications Corporation through journal entries to purchase extravagant homes, land for an exclusive golf course and personal purchases. After the firm declared bankruptcy in 2002, John Rigas and his son Timothy Rigas were
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TRUCT ACADEMY SUCCESS IN BUSINESS LAW FOR C.I.S, Z.I.M CERT., ZAAT, IAC, I.C.M M. MAVHUNGA LLB (S) (UZ) 3RD EDITION 2000 1 ACKNOWLEDGEMENTS` I would like to thank the Director of Trust Academy, Mr Mataka, The Principal, Mr Sauti and the Registrar Mr Kucherera whom without their support this study pack would not have been a success. To them I say keep the god spirits for enhancing the college and making it a force top reckon with according to international standards. Would also like to
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landowners to circumvent the law, or even use the law to sustain and further strengthen their positions in power. 1. Pre-Spanish Era - Land was not unequally distributed before the Spaniards came to the Philippines. - The notion of private property was unknown then. - The community (barangay) owned the land. 2. Spanish Period (1521-1898) - One of the major initial policies of the governorship of Legazpi was to recognize all lands in the Philippines as part of public domain regardless
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Danone v. Wahaha: Lessons for Joint Ventures in China Steven M. Dickinson Harris Moure PLLC www.harrismoure.com Danone Group and its partner, Wahaha Group Company, are shareholders in a joint venture company that is the largest beverage company in China. A recent dispute between the partners now threatens to wreck the joint venture. What lessons can be learned from this dispute for investors considering new joint ventures in China? Disputes such as this are not inevitable in China. They can be
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in France. Topics covered include: • Common types of trading vehicle • Choosing the right option • Formalities for establishing a branch • Formalities for establishing a limited liability company • Employment • Property • Immigration • Taxation • Further matters to be considered This publication is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should
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Becker CPA Review, PassMaster Questions Lecture: Regulation 7 CPA PassMaster Questions–Regulation 7 Export Date: 10/30/08 1 © 2009 DeVry/Becker Educational Development Corp. All rights reserved. Becker CPA Review, PassMaster Questions Lecture: Regulation 7 Agency CPA-01299 Type1 M/C A-D Corr Ans: C PM#1 R 7-01 1. CPA-01299 Lw R02 #5 Page 12 Lee repairs high-speed looms for Sew Corp., a clothing manufacturer. Which of the following circumstances best indicates that Lee is an
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contract, owning property, paying taxes and so on. A company can also sue and can be sued. Under the eye of the law, anything that is capable of rights and duties is a person and thus has a personality. Persons can be of two types under the eye of law (i) natural persons and (ii) artificial persons. Natural persons are human beings and artificial persons are those created for the purpose of laws known as corporations or companies. As soon as a company is registered under the company act, it attains the
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Case 14-01 Bringing Students Together Overview Education in China is highly protected by the government of the People’s Republic of China (PRC) because it represents an avenue to teach, inform, and shape the minds and beliefs of the country’s people. As a result, any enterprise that provides education services in China needs to follow certain PRC laws. Specifically, one law requires that an entity that conducts education services must be owned by Chinese nationals and cannot be owned directly
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