The legal responsibility for the financial cost of another person's losses or injuries is referred to as:

a seller transfers title to a buyer with a general warranty deed. in which clause of the deed does the seller define the quality

Elis [28]

A seller transfers title to a buyer with a general warranty deed. The seller defines the quality of ownership interest conveyed to the buyer in the habendum.

Habendum is an important concept in real estate and property transactions. It may also be used in other transactions related to leases and deeds, for example in the energy sector.

A habendum clause is part of a contract that is concerned with the rights, interests, and other features of ownership that is transferred to the other party. In cases of transfer of rights, for example in relation to a coal mine, it sets out the nature of the right and its duration.

To learn more about property transactions: brainly.com/question/28171058

#SPJ4

7 0

1 year ago

The following is an excerpt from Walmart's 2015 Form 10-K A summary of the provision for income taxes is as follows ($ millions)

REY [17]

Answer:

a. The mount of income tax expense does Walmart report in its income statement for 2015 was $8,074

b. The amount of Walmart's income tax expense that was determined from the company's tax returns is $8,615

c. Deferred taxes decreased Walmart's income tax provision for the year

Explanation:

a. In order to calculate what amount of income tax expenses does Walmart report in its income statement for 2015, we would have to use the following formula:

Income tax expenses= Current year income taxes + Deferred tax expense

Income tax expenses=$8,615-$541

Income tax expenses=$8,074

b. The amount of Walmart's income tax expense that was determined from the company's tax returns is $8,615. This are the Total current tax provision.

c. Deferred taxes decreased Walmart's income tax provision for the year becuase the Deferred taxes are benefit.

6 0

3 years ago

What are the implications of self-reliance for business? for religion (prayers, creeds)? for travelling? for art? for property o

monitta

Fundamentally, it is anything but difficult to apply Emersonian convictions of independence to any piece of life. Basically it is to believe yourself and your judgments, and not to let any other individual impact what you accept just in light of the fact that they oppose or you fear what you will think. You should depend on yourself, in its most fundamental shape. Henceforth, the expression "confidence". Depend on yourself, and nobody else.

5 0

3 years ago

Parkway Distributors is a wholesale firm that employs several outside salespersons. Emily, a salesperson employed by Parkway Dis

kumpel [21]

Answer:

Legal obligation will arise from inadvertence of one thing or a deliberate act. There are 3 categories of erroneous conduct lawfully. Its fissure of agreement, corruption and one who is pretentious or abraded thanks to the act of additional person.

(1)

The necessities that the automobile should demonstrate to carry mister. Embarrassed of carelessness are as per RES IPSA LOQUITUR belief. The belief RES IPSA LOQUITUR suggests that "the factor expresses for himself". In keeping with this opinion, the broken or damage himself is that the resistant and it expresses for the performance of the inattention. This belief needs the subsequent things:

The affair or act ought to happen thanks to the carelessness
the carelessness ought to cause some injury or damage
the litigant ought to have fashionable management over the device or instrumentality.
The casualty shouldn't have underwrote something to the carelessness.

(2)

Permitting to the law of carelessness, underneath request of householders and operatives of vehicles, P. Suppliers are control lawfully chargeable for the grievance to the automobile. In keeping with this, the vendor of vehicle United Nations agency energies sloppily and origins grievance is liable for the obligation produced to the broken individual. The proprietor will have the instruction of last vibrant probability. Enclose if the worker of the car isn't the proprietor then the possessor is not liable for the act of the carelessness of the worker delivered if there's associate deficiency of agency association. During this case, agency association exists. Thus, P Distributors are control chargeable for the injury to the celebration.

(b)

The possessor of vehicle United Nations agency drives inaccurately and causes grievance is liable for the liability produced to the broken individual. The possessor will have the instruction of last vibrant probability. In case, if the worker of the car isn't the possessor then the proprietor is not liable for the performance of the carelessness of the worker delivered if there's associate deficiency of agency association. During this case each belief of RES IPSA LOQUITUR and regulation of carelessness are pertinent. Thus, the Mr. Tom is control chargeable for the performance of his partner.

8 0

3 years ago

Vaughn Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value o

Firlakuza [10]

I think you made mistakes in the dates which i have corrected in the explanations----Prepare the journal entries to record the restricted stock on "January 1, 2017" (the date of grant), and "December 31, 2018"

Answer: Please see answer in explanation column

Explanation:

To record unearned compensation

Date Account titles and explanation Debit Credit

Jan 1, 2020 Unearned compensation $565,000

To Common stock ( 11,300 shares × $10) $113,000

To Paid in capital in excess of par - common stock $452,000

To record the compensation expense

Date Account titles and explanation Debit Credit

Dec 31, 2020 Compensation expenses $113,000

To Unearned compensation $113,000

Calculation:

Compensation expenses =$565,000 ÷ 5 years= $113,000

To record the forfeiture

Date Account titles and explanation Debit Credit

July 25, 2021 Common stock $113,000

Paid in capital in excess of par - common stock $452,000

To Compensation expenses $113,000

To Unearned compensation $452,000

Calculation:

Common stock ( 11,300 shares × $10)= $113,000

To Compensation expenses $113,000 ($113,000 × 1 year) January 1, 2020-July 25, 2021,

Unearned compensation =fair value of $565,000 --Compensation expenses of $113,000 = $452,000

7 0

3 years ago