Case Comment: Facts of the case: A company, by the name United India Life Assurance Company, on July 15, 1955, had held an Extraordinary General meeting of the shareholders. Out of many other resolutions, one of them was that a donation of Rupees 2 lakhs be made out of the Share Holders Dividend Account, to a trust by the name M. Chidambaram Chettiyar Memorial Trust, that was proposed to be formed with the object of promoting business as well as technical knowledge, including knowledge in insurance. The directors were authorised to pay the amount to the trustees of the trust, to be formed in future. Later on July 1st 1956, the Life Insurance Corporation Act, was brought into force, and according to section 7, all the assets and liabilities of pertaining to the ‘controlled business’ of all insurers, were to be transferred and vested in The Life insurance Corporation of India. September 1st, 1956 was made as the appointed day and all the liabilities and assets of the insurers and the company itself stood transferred and vested in the Life Insurance Corporation. Hence the Company was now called upon to refund the amount of 2 lakhs given by the company to the trust, which was created by the company itself. The Life Insurance corporation alleged that it was beyond the powers of the company to create a trust and making a donation to such a trust was not in the interests of the company’s business. Whereas the company submitted that the directors of the company were authorised
On April 3, 2015, Tammy Cleveland sued Gregory C. Perry, a doctor at Buffalo General and Kaleida Health the company that owns both hospitals involved in the death of her husband, Michael Cleveland. Tammy is accusing them of “negligent” care resulting in her husband’s death. The law suit claims that the “defendants’ alleged actions and/or inactions were morally culpable, actuated by evil and reprehensible motives, malicious, reckless, gross, wanton and/or in reckless disregard for her husband’s rights and her family’s rights.” (Dudzik, 2015) The defendants are contesting the case. Michael Cleveland had a heart attack on October 10, 2014, and was transported to the emergency room of DeGraff Memorial Hospital.
During interview, worker asked Mr. Hunt about the 1400.00 arrangement each month. He stated he took over the debit card as his own because before Mr. Hunt received the life insurance money he used his own money to help support Mr.
In the Pankratz Implement Company v. Citizens National Bank case. Rodger House purchased a tractor through and implement dealer. He financed it through them the finance company secures the loan with the tractor being used as collateral. During the process the customer’s name was spelled incorrectly on the financing paperwork. The original dealer gave the security and interest of the note over to another creditor Citizens National Bank.
Introduction Blake Goodwin is the CEO of Goodwin Wealth Management. He was deciding to hire a consultant to make an assessment of his situation. Three large companies had expressed interest to acquire Goodwin Wealth Management. In the fall 2007, Ice Financial Income Fund, First Canadian Band, and Brawn Financial Corporation were the potential suitors and they had made offers to acquire the company. Blake Goodwin had to decide whether to sell the company and if he sold it, which buyer was the best one.
What are the issues related to this case/what do the interested parties want to see happen The Broussard’s lost their home is this tragedy and were hopeful that their insurance would provide some relief in rebuilding their lives. The insurance company did not plan to provide that
This appeal arises from an order declining to ratify an auditor’s account following a foreclosure sale, and the denial of a motion filed by appellants, Laura H.G. O’Sullivan, et al. (The “Substitute Trustees”) to reconsider. Appellee, Jacquelyn L. McNair (“McNair”) has not responded to the Substitute Trustees’ appeal. On appeal, the Substitute Trustees presents one issue for our review.
Question 1 Material facts before appeal hearing George David Lindsay (the appellant) claimed that an informal (handwritten) document of five pages, uncovered sometime after 17 June 2013, was the last will of Nora Priscilla Lindsay (the deceased). Heather Dawn McGrath (respondent) contested that the informal document found did not constitute a will. The original matter was heard in the Supreme Court of Brisbane in 2013, and decided on 4 September 2014.
1. In Peoples Bank & Trust Co. v. Globe Int 'l, Inc. , a tabloid daily paper printed the photo of a 96-year-old Arkansas lady by the feature "Extraordinary DELIVERY: World 's most seasoned daily paper bearer, 101, stops on the grounds that she 's pregnant! I figure strolling each one of those miles kept me young.
3. IRC Section 959(c)(3): remaining E&P. Per FY ’15 Form 5471 for St. John Mexico, the company had E&P balance of MXN 42,638,230 that was previously taxed under IRC Section IRC 956. Therefore, the distribution of the net proceeds USD 4.9M (i.e. MXN 102M) come out in the following order: 1.
I have attached my Double Indemnity assignment. Also, I am applying for a scholarship to help me pay for college. It is required that I get a Letter of Recommendation from one of my professors. Would you be able to write me a Letter of Recommendation since you have seen my effort in your literature class and my class participation? I would not need it until February 1st, and I can give you more information about it on Monday when our class meets at the Tivoli Theater.
The AIG Scandal 2005 started when AIG management was issuing a press release describing its third quarter earnings in 2000 to the public. The report showed that the premium of AIG was significantly increasing, while its loss reserves was decreasing by $59 million. However, according to many industry analysts, along with the positive earnings, AIG in fact should show an increase in its loss reserves as well. This caused the investors of AIG suspected that AIG was drawing down its loss reserves to boost its profits. The suspicious of the investors has unfortunately led to the falling of AIG stock price from $99.60 to $93.30 on New York Stock Exchange (NYSE).
I’m writing in regards to the Emily Shanklin estate in Elkton, KY. I was informed that her land had been donated to Moody Global. I’ve sharecropped her land for approximately 30 years. I took care of all the upkeep, fertilizer, lime and etc. Mrs. Shanklin received 1/3 of all the crops and insurance money.
The “... to preserve the business [Getty Oil Company] and always to build up, consolidate and hold control of it as a growth enterprise and never by an means to dissipate that control or any part of it.” (Getty v. Getty (1972) 28 Cal. App.3d 966, 1000 [105 Cal. Rptr. 259].) The trust estate was mainly 40.2% of stock of the Getty Oil Company and per the agreement of the trust Sarah and J. Paul wished that it would never be sold unless a situation were to arise where there would be astounding losses.
Motilal oswal securities Ltd The Motilal oswal ltd company was the parent company of the Motilal oswal securities ltd, it was the subsidiary company. Motilal Oswal Company was established by Motilal oswal and Raamdeo agarwal in 1987 and gets the membership from the BSE. It got it final certificate of registration approval in the year 2010 from the securities and exchange board of India regarding the setup and expansion of the business of mutual funds in the country. Motilal oswal securities ltd was incorporated in the year 1994 and its main business is stock broking and wealth management. Motilal Oswal Company has 99.95 % holdings previously which became 100 % holdings In Motilal securities ltd .It was one of the subsidiary company of the
It also provides protection against rising health expenses. It also serves as a safe option as it helps in long-term savings apart from protecting the individual. Before the LPG Reforms of 1999, there were a number of foreign and Indian insurers operating in the Indian market. The government consolidated around 250 insurance companies into one single firm that is the Life Insurance Corporation.