Frankfurt delivers two refrigerators to the warehouse of Duisburg who then issues a negotiable receipt undertaking the delivery of the refrigerators to "Frankfurt or bearer." Frankfurt entrusted the receipt to Leipzig for safekeeping only. Leipzig negotiated it, however, to Stuttgart who bought it in good faith and for value. Who is entitled to the delivery of the refrigerators? a. Frankfurt, since he is the real owner of the refrigerators. b. Stuttgart, since he is a purchaser in good faith and for value. c. Leipzig, since T entrusted the receipt to him. d. Duisburg, since he has as a warehouseman a lien on the goods.

Sean sells land to Eli, his brother, for the fair market value of $39,000. Six months later when the land is worth $45,000, Eli sells the property to his son, Jon, without gift tax. His son sells the land for $47,000. Sean’s adjusted basis for the land is $24,000 what is Jon’s recognized gain or loss on the sales?

Please help me.... Vivienne is a U.S. citizen, and she comes to you to have her taxes prepared. She tells you that she has signature authority over a foreign bank account, but the maximum value of this account never exceeded $10,000 at any time during the year. Vivienne does not have any other foreign assets, nor does she have any ties to a foreign trust. Although she worked abroad for three months during the year, you determine that her tax home was in the U.S. Given the information provided, which of the following forms would you complete for Vivienne? A, Schedule B, Interest and Ordinary Dividends. B, FinCEN Form 114 (FBAR). C, Form 2555, Foreign Earned Income. D, Form 8938, Statement of Specified Foreign Financial Assets.

Stan sold goods to Bill in good faith, believing him to be a principal. Bill in fact was acting as agent for Nancy and was within the scope of his authority. The goods were charged to Bill, and on his refusal to pay, Stan sued Bill for the purchase price. While this action was pending, Stan learned of Bill’s relationship with Nancy. Nevertheless, thirty days after learning of that relationship, Stan obtained judgment against Bill and had an execution issued that was never satisfied. Three months after rendition of the judgment, Stan sued Nancy for the purchase price of the goods. Is Nancy liable? Explain.

In September, Amina hired Bryan as a delivery man. Bryan was to commence work on 1 November. On 1 October, Amina wrote to Bryan telling him that, despite their agreement, economic circumstances were such that she no longer required his services. Can Bryan sue Amina? Explain your answers in light of the principles learned on breach of contract. (maximum 500 words)

Bret, a resident of Nevada, wants to bring a tort claim (a type of civil lawsuit) against Steve, a resident of Tennessee, for damage to Bret's house in Nevada. To use a long-arm statute to obtain personal jurisdiction over Steve, the Nevada court must find that Multiple Choice Steve committed a crime in Nevada Steve also damaged property in Tennessee and owns a home in Tennessee Steve has committed prior torts in Nevada Steve committed the tort in Nevada

Kashi Corporation is the U.S. distributor of fencing (sword fighting) equipment imported from Europe. It is incorporated in Virginia and headquartered in Arlington, Virginia; it ships goods to all 50 states. Kashi's employees attend regional and national fencing competitions, where they maintain temporary booths to market their goods. Determine whether Kashi has income tax nexus and a filing requirement in the following situations: Required: Kashi is incorporated and headquartered in Virginia. It also has property, employees, salespeople, and intangibles in Virginia. Determine whether Kashi has income tax nexus in Virginia. Kashi has employees who live in Washington, D.C., and Maryland, but they perform all their employment-related activities in Virginia. Does Kashi have income tax nexus in Washington, D.C., and Maryland? Kashi has two customers in North Dakota. It receives their orders over the phone and ships goods to them using FedEx. Determine whether Kashi has income tax nexus…

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Joel is an executive in the printing company in Sydney, one day he needs to visit one of his client in Canberra, He drove his car and on the way he was stopped by the police because of speeding  He got speeding ticket of $450, discuss whether Joel can claim the deduction under S8-1 (General Deduction)?

LouAnn has spent the past 15 years building a bakery business and her reputation in her small community shows by her high volume of sales and her customer loyalty. Dillon contracts with LouAnn to purchase her bakery. What type of agreement would a court allow Dillion and LouAnn to enter into in the sale of this business? A performance based agreement A restrictive adhesion contract A usury agreement A restrictive covenant An exculpatory agreement