Explanation:
The QBI stands for Qualified business income. The QBI refers to business income i.e to be qualified and eligible for the deduction. This is the deduction which is applies to the business corp orates i.e sole proprietorship, corporation, etc
So the Qualified business income for a vehicle could be go for 10 years or the life of the vehicle that could be held for taxable purposes plus it is classified as a depreciable tangible qualified property. As vehicle is a fixed assets and on that the depreciation expense is to be charged
When one party promises to do what she is already legally obligated to do, the law considers this a <u>preexisting duty</u> and not valid consideration.
<h3>What is a valid consideration?</h3>
A valid consideration is a price paid in exchange for goods or services or a promise to do (or abstain from) something.
A valid consideration must be significant, adequate, and unconditional.
Thus, when one party promises to do what she is already legally obligated to do, the law considers this a <u>preexisting duty</u> and not valid consideration.
Learn more about valid considerations at brainly.com/question/1387188 and brainly.com/question/1697686
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Evidence testing because you get all of the background information and you get to be hands on with the crime.
Answer:
The answer is "False".
Explanation:
Court decisions were the primary source of new legislation. It is the bulk of administrative activities in commissions, that are carried out by legislatures.
It is a source of all most newly made laws. It is related to the obligations and liability of the participants, inaction is a judgment of a court, that's why the given statement is false.
