Jamaica © 2011 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved. 1 2 3 4 08 07 06 05 A copublication of The World Bank and the International Finance Corporation. This volume is a product of the staff of the World Bank Group. The findings, interpretations and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors
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one of the parties obligates himself to transfer the ownership of and to deliver a determinate thing, and the other to pay therefore a price certain in money or equivalent. (Article 1458) b. Conditional Sale – It is one kind of contract of sale where the sale contemplates a contingency, and in general, where the contract is subject to certain conditions, usually the full payment of the purchase price. The delivery of the thing sold does not transfer ownership until the condition is fulfilled
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SALE A nominate contract whereby one of the contracting parties obligates himself to transfer the ownership of and to deliver a determinate thing and the other to pay therefor a price certain in money or its equivalent. Delivery and payment in a contract of sale are so interrelated and intertwined with each other that without delivery of the goods there is no corresponding obligation to pay. The two complement each other. It is clear that the two elements cannot be dissociated, for
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4300-Klein Distinctive Features of Crime Risk Common Crimes • Burglary • Robbery • Shoplifting • Fraud • Embezzlement • Forger and Counterfeiting • Vandalism • Arson • Espionage • Computer Crime Fraud • Fraud involves inducing another to act to his or her detriment. • Examples of fraud • A merchant collects payment in advance for good that will not be delivered or will be greatly inferior to what was promised • A customer accepts delivery od goods with the interntion of not paying them
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buyer. After making a thorough inspection and test drive, she entered into a contract to buy John’s property. Situation 1. Issue: Maria found out that the vehicle was made from two different models of Bedford van and that the car is in dangerous condition. Principle: According to the Sale of Goods Act, the principle of the Implied term of corresponding with the description can be applied. The Transfer of Risk principle is also can be involved. It states that the risk of the goods remain with the seller
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Banking Sector Module Insurance Module Macroeconomics for Financial Markets Module NISM-Series-I: Currency Derivatives Certification Examination NISM-Series-II-A: Registrars to an Issue and Share Transfer Agents – Corporate Certification Examination NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination NISM-Series-IV: Interest Rate Derivatives Certification Examination NISM-Series-V-A: Mutual Fund Distributors Certification Examination * NISM-Series-VI:
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Client File memorandum to: File from: Re: HOLLY MARTIN, Tax year 2013 FACTS Our client, Holly Martin, is a developer who acquired a parcel of unimproved real property that she would like to develop. Although the land is currently zoned for commercial use, the developer would prefer not to begin development until an adjoining street is widened. With a wider street, her development can include a landscaped public entrance and lighting. Without the widening, the development will have only
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CAVEATS (To Prevent Registration of Dealings) Caveat is a Latin word meaning “Let him beware.” The Registration of Titles Act (RTA) contains provisions, Section 139, whereby any person claiming an interest or estate in land may lodge a caveat to protect his interest. The caveat is an injunction to the Registrar of Titles restraining the registration of any dealing affecting the ownership of the land without notifying the Caveator. A Caveat must be in substantial compliance with the RTA in order
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loss due to adverse changes ENTERPRISE MANAGEMENT RISK: Single program all major risks faced by business firms (PSSOF) HAZARD: Condition that increases the chance of loss HEDGING: transferring risk to a speculator INCORPORATION: Business firm transfers risk to creditors LEGAL HAZARD: Characteristics of legal system that increases frequency of loss LIABILITY RISKS: Possibility of being held legally liable for someone else (no max limit) LOSS EXPOSURE: Any situation where a loss is possible,
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Contract of Sale of Real Estate — Particulars of Sale Part 1 of the standard form of contract prescribed by the Estate Agents (Contracts) Regulations 2008 Property Address: |The vendor agrees to sell and the purchaser agrees to buy the property, being the land and the goods, for the price and on| |the terms set out in this contract. | |The terms of this contract are contained in the—
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