If a court orders the agent to return funds earned as a result of breaching their duty of loyalty to the principal, this is known as Disgorgement.
<h3>
What is Disgorgement?</h3>
- A remedy demanding the forfeiture of any profits made as a result of an individual's illegal or unjust activity by a person who benefits from such conduct.
- This solution's main goal is to stop unfair enrichment contracts. In order to prevent unfair enrichment, the court may order a defendant to forfeit whatever income they made as a result of wrongdoing or illegal activity.
- This equitable remedy is called disgorgement.
- The plaintiff need not have endured any sort of damages in order to receive disgorgement.
- The defendant must have been negligent in order for the plaintiff to seek disgorgement for the harm sustained.
- Disgorgement is an option for a contract breach, but only under unusual circumstances
Hence, Disgorgement is the legal term for when a court compels an agent to repay the money they earned for failing to uphold their duty of loyalty to the principal.
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<span>Doc's ribhouse beginning equity = $52,000
Net income = $35,000
dividends by the company = $12,000
Ending equity = ?
we can calculate ending equity by using this formula:
</span><span>Beginning Equity + Net Income - Dividends = Ending Equity
</span><span>now by putting the values we get
$52,000 + $35,000 - $12000 = Ending equity
Ending equity = $52,000 + $23,000
= $75,000
so, $75,000 is the ending equity.
</span>
Answer:
<h3>⭐Programmes that will lessen poverty in the long term include: education and capacity development, land redistribution, promoting economic development and job creation, building houses, providing water, sanitation and electricity, and building schools and clinics.</h3>
<span>It actually depends in every location and there is no right or wrong
answer to this question. The best thing to ask is what is the minimum amount
someone is willing to work for? If a potential employer offers one a job with
$10,000 salary, is that okay? How about $25,000? Again, it all varies. It is up
to both sides to arrive at an agreeable rate.</span>
Answer:
b. Married filling jointly
Explanation:
From the question we are informed about taxpayer's spouse who dies in August of the current year. In this case,
the taxpayer's filing status for the current year would be Married filling jointly. Joint return can be regarded as tax return which is been filed with the Internal Revenue Service by two married taxpayers that decide to have a filing status of "married filing jointly" or a widowed taxpayer that decide to have a filing status of " Qualifying Widow "A joint return give room for the
taxpayers to join their tax liability as well as report their income, credits and
deductions on the same joint return.
The joint return rates still validly
apply even two year after the death of a particular spouse, so far the
surviving spouse of the dead spouse does not remarry and still maintains a household as regards a dependent child.