Answer:
There are 3 main types of tort; intentional tort, negligence tort and strict liability
Explanation:
By definition, a tort is a civil offense against another person. The victim who suffers in that offense can sue for damages, get represented by a lawyer and receive a compensation. There are 3 main types of tort; intentional tort, negligence tort and strict liability. Tort laws are followed when making a decision whether to hold a person legally responsible for the breach against another, and the type of compensation the injured party receives.An intentional tort for example is a civil offense committed when a person engages in intentional conduct that results in damages to another.
The economist's analysis in the scenario painted above incorporates the idea of OPPORTUNITY COST.
Opportunity cost refers to a value or a benefit which must be given up in order to enjoy or acquire another benefit. Because resources are scarce, one always has to make decision about how to use one's resources efficiently. In the scenario given above, Joe had the opportunity to put his money in a fixed deposit account or to use it to buy gold coins; he choose the latter given up the former. Thus, the former, which he gave up is his opportunity cost.<span />
A bond sale is a debt investment that is given by an investor to a particular corporate or governmental entity and is payable over a period of time at a variable or a fixed interest rate. It can affect the money supply, or the money of the country, because it encourages debtors to keep loaning from the government to finance their personal interests.
In the given situation, Amelia is wrong. Anyone who is fully aware and supported any criminal acts is considered a violator of the law. All people who participated in a criminal act is guilty of the crime.
However, it will only be punishable if there are witnesses and evidence.
Answer:
This case has similarities to the instances of Cesarini v. the US, 296 F.Supp. 3 (N.D. Ohio 1969), is a noteworthy case decided by the U.S. Locale Court for the Northern District of Ohio, where the court decided that treasure trove property is remembered for net salary for the assessment year when it was found.
A. TAX RESEARCH ISSUES :
1. Regardless of whether charges on the monies were due in the year the piano was bought or in the year the monies were found?
2. Regardless of whether the monies found in the piano are includable as gross income of the parties?
3. Regardless of whether offended parties are qualified for capital gains treatment?
B. Keywords:
- Monies found
- Cesarini v. United States
- Treasure
- Piano
- 26 U.S. Code § 102
- Gross Income
- Gift
