UNIVERSITY OF SAN JOSE RECOLETOS TAXA TAXATION TION */*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/* */*/*/*/*/*/*/*/*/*/*/*/*/* /*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/* /*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/*/* /*/*/*/* 1. One of the following i not not t!"n"#tion $ee%e$ "le& "le& ". T!"nfe !"nfe!' !' (e (e o! #on #on(%) (%)tio tion n not not in the #o(!e #o(!e of (i (ine ne of of goo$ goo$ o! )!o)e )!o)e!ti !tie e o!igin"ll+ inten$e$ fo! "le o! fo! (e in the #o(!e of (ine. . ,it!i ,it!i(t (tion ion o! t!"n t!"nfe fe!! to h"!e h"!ehol hol$e! $e! o! in-et in-eto! o! of goo$ goo$ o! )!o)e )!o)e!ti !tie e " " h" h"!e !e in the )!ot of " VAT !egite!e$ )e!on o! #!e$ito! in )"+%ent of $et. #. Reti!e eti!e%en %entt f!o% f!o% o! o! #e #e"t "tion ion f!o% f!o% (i (ine ne' ' with with !e)e !e)e#t #t to "ll "ll goo$ goo$ on on h"n$ h"n$ " " of the $"te of (#h !eti!e%ent !eti!e%ent o! #e"tion. $. Coni Conign% gn%ent ent of goo$ goo$ if "#t(" "#t("ll "le "le i %"$e %"$e withi within n 0 $"+ $"+ follo followin wing g the the f"te f"te of (#h (#h goo$ we!e #onigne$. 2. The "llow"le t!"nition"l in)(t t"3 i& ". The lowe! lowe! etw etwee een n 24 of the the -"l(e -"l(e of egi eginn nning ing in-ent in-ento!+ o!+ o! "#t( "#t("l "l VAT )"i$ )"i$ on (#h (#h in-ento!+. . The highe! highe! etwe etween en 24of 24of the -"l(e -"l(e of egi eginni nning ng inin-ent ento!+ o!+ o! "#t( "#t("l "l VA VAT )"i$ )"i$ on on (#h (#h in-ento!+. #. The The "#t "#t(" ("ll VA VAT )"i )"i$ $ on on the the egi eginn nnin ing g inin-en ento to!+ !+. $. 24 of the -"l(e l(e of of eg egin inn ning ing in in-ent -ento! o!+ +. 5. All of the following e3#e)t e3#e)t one i "llowe$ )!e(%)ti-e )!e(%)ti-e in)(t t"3. 6hi#h one7 ". 8!o#eo! of of " "!$ine "n "n$ %" %"#9e!el. . :"n( :" n(f" f"#t #t(! (!e! e! of !ene ene$ $ (g" (g"!! " "n$ n$ #oo9 #oo9in ing g oil. oil. #. :"n( :" n(f" f"#t #t(! (!e! e! of )"#9 )"#9e$ e$ noo$ noo$le le " "e$ e$ in int" t"nt nt %e"l %e"l. . $. 8!o#eo! of %il9 "n$ #o;ee. <.
6hi#h o f th the f ol ollowing in)(t t"3e # "n "n e !e !ef(n$e$' #on-e!te$ i nt nto t "3 "3 # !e !e$it #e!ti#"te o! #"!!ie$ o-e! to the ne3t =("!te! "t the o)tion of the VAT!egite!e$ t"3)"+e!7 ". In)(t In)(t t"3 t"3 on )(!#h" )(!#h"e e of !"w !"w %"te!i %"te!i"l "l. . . In)(t In)(t t"3 t"3 on i%)o!t i%)o!t"ti "tion on of ())l ())lie ie.. #. In)(t In)(t t"3 on on >e!o!" >e!o!"te$ te$ "le "le of goo$ goo$ o! e!-i#e e!-i#e.. $. In)(t In)(t t"3 t"3 on )(!#h )(!#h" "e e of e!-i e!-i#e #e..
?.
6hi#h of the following t"te%ent i in#o!!e#t7 The The )"+% )"+%en entt of VAT i %ont %onthl hl+ + fo! fo! oth oth "l "le e of goo$ goo$ "n$ "n$ "l "le e of e!e!-i# i#e e.. A VAT VAT!eg !egi ite te!!e$ t"3) t"3)"+ "+e! e! #"n #"n )" )" on the VA VAT e-en e-en to (+e (+e! ! who who "!e "!e not not VAT !egite!e$. An+ An+ (in (ine e )(! )(!(e (e$ $ + "n "n in$i in$i-i -i$( $("l "l who whoe e "gg "gg!e !eg" g"te te g!o g!o "l "le e o! o! !e#e !e#ei) i)t t $o $o not e3#e e3#ee$ e$ 81 81' ' $(!i $(!ing ng "n+ "n+ 12% 12%on onth th )e!i )e!io$ o$ h"l h"lll e #on #oni$ i$e! e!e$ e$ )!in )!in#i #i)" )"ll ll+ + fo! fo! (iten#e o! li-elihoo$ "n$ not in the #o(!e of t!"$e o! (ine. A t"3) t"3)" "+e! +e! who whoe e g!o g!o !e#ei e#ei)t )t $(!i $(!ing ng the the )!e)!e-io io( ( +e"! +e"! e3#e e3#ee$ e$ 81'? 81'? ' ' i not !e=(i!e$ to )"+ VAT if he f"il to !egite! (n$e! VAT +te%.
". . #. $. 0.
The VA VAT h h"ll ") "))l+ to to go goo$ o! o! )! )!o)e!tie o! o!igin"ll+ in inten$e$ fo fo! " "le o! o! ( (e in in (ine' "n$ #")it"l goo$ whi#h "!e e3iting " of the o##(!!en#e of one of the following& ". Ch"ng Ch"nge e of (in (ine e "#ti-i "#ti-it+ t+ f!o f!o% % VA VAT t"3" t"3"le le t"t( t"t( to VA VATe3e%) e3e%)tt t"t( t"t(@ @ . Ch"n Ch"nge ge of #on #ont! t!ol ol of " #o!) #o!)o! o!"t "tio ion n + the the "#=( "#=(i iit itio ion n of the #on #ont! t!ol olli ling ng inte inte!e !et t of (# (#h h #o!)o!"tion + "nothe! to#9hol$e! o! g!o() of to#9hol$e!@ #. Ch"n Ch"nge ge in the the t!" t!"$e $e o! #o!) #o!)o! o!"t "te e n"% n"%e e of of the the (i (ine ne @@ $. :e!ge e!ge!! o! o! #on #on oli$ oli$" "tion tion of #o!) #o!)o! o!" "tion tion..
. 1t 1t St"te t"te%e %en nt& The The in) in)(t -"l(e l(e" "$$e$ $$e$t t" "3 on )(! )(!#h" h"e of #")it" )it"ll goo$ oo$ -"l(e$ l(e$ "t 81'' h"ll e )!e"$ o-e! 0 %onth of the life of )!o)e!t+ i e=(i-"lent to ? +e"! o! %o!e. 2n$ 2n$ St"t St"te% e%en ent& t& The The in)( in)(tt -"l( -"l(e e"$ "$$e $e$ $t" t"3 3 on )(! )(!#h" #h"e e of #")i #")it" t"ll goo$ goo$ -"l( -"l(e$ e$ "t 81'' h"ll e )!e"$ o-e! the life of )!o)e!t+ if the life of )!o)e!t+ i le th"n ? +e"!. ". T!(e' t!(e #. F"le' f"le . T!(e' f"le $. F"le' t!(e B. 6hi#h of the following t!"n"#tion t!"n"#tion i (e#t (e#t to >e!o!"te$ -"l(e"$$e$t"37 -"l(e"$$e$t"37 ". Se!-i#e !en$e!e$ !en$e!e$ to )e!on )e!on eng"ge$ eng"ge$ in inte!n"tion"l inte!n"tion"l hi))ing hi))ing o! "i! t!"n)o!t t!"n)o!t o)e!"tion. o)e!"tion. . Se!-i#e Se!-i#e !en$e! !en$e!e$ e$ + "n9' non"n9 non"n9 n"n#i" n"n#i"ll inte!%e$i" inte!%e$i"!ie. !ie. #. Dene!"tio Dene!"tion' n' t!"n%i t!"n%iion ion "n$ $it!i(t $it!i(tion ion of ele#t!i#i ele#t!i#it+ t+.. $. Se!-i#e !en$e!e$ !en$e!e$ + + )!ofeion"l )!ofeion"l (#h (#h " C8A' C8A' 8h+i#i"n 8h+i#i"n "n$ "n$ L"w+e!. L"w+e!. . 6hi#h of the following t!"n"#tion i e3e%)t f!o% -"l(e"$$e$t"37 ". S"le of oo9' oo9' new)")e new)")e!! "n$ %"g">ine %"g">ine.. . S"le S"le of wo!9 wo!9 of "!t. "!t. #. S"le S"le of lite! lite!"!+ "!+ wo!9 wo!9. .
$. S"le of %(i#"l #o%)oition. 1. 6hi#h of the following t!"n"#tion i (e#t to -"l(e"$$e$t"37 ". Se!-i#e (e#t to othe! )e!#ent"ge t"3. . E$(#"tion"l e!-i#e $(l+ "))!o-e$ + ,e)"!t%ent of E$(#"tion' CGE, "n$ TES,A o! thoe o)e!"te$ + the Do-e!n%ent. #. S"le of #o"l "n$ n"t(!"l g". $. Len$ing "#ti-itie + #!e$it #oo)e!"ti-e. 11. 6hi#h of the following t!"n"#tion i e3e%)t f!o% -"l(e"$$e$t"37 ". :e$i#"l e!-i#e (#h " $ent"l "n$ -ete!in"!+ e!-i#e !en$e!e$ + )!ofeion"l. . Leg"l e!-i#e. #. Se!-i#e "!iing f!o% e%)lo+eee%)lo+e! !el"tionhi). $. Se!-i#e !en$e!e$ + $o%eti# "i! t!"n)o!t #o%)"nie. 12. ,en-e! Co!)o!"tion h" the following "le Hin#l(i-e of VAT $(!ing the %onth& S"le to )!i-"te entitie 22<'. S"le to e3)o!to!iente$ ente!)!ie 1'. S"le of e3e%)t goo$ 1'. The following in)(t t"3e we!e )"e$ on + it VAT ())lie! $(!ing the %onth& In)(t t"3 on t"3"le goo$ ?'. In)(t t"3 on >e!o!"te$ "le 5'. In)(t t"3 on "le of e3e%)t goo$ 2'. In)(t t"3 on $e)!e#i"le #")it"l goo$ not "tt!i(t"le to "n+ )e#i# "#ti-it+ 2'. The VAT )"+"le fo! the %onth& ". 1' . '2
#. ' $. 10'
15.
,(!ing the %onth of Se)te%e! 20' XY Co!)o!"tion h"$ $o%eti# "le "%o(nting to 81'0B' "n$ e3)o!t "le "%o(nting to 81'?'. $(!ing the "%e %onth' XY tot"l )(!#h"e $i!e#tl+ "tt!i(t"le to $o%eti# "le "%o(nte$ to 81'12' "n$ tot"l )(!#h"e $i!e#tl+ "tt!i(t"le to e3)o!t "le 81'B'. Fo! the %onth of :"+' XY #o!)o!"tion VAT )"+"le& ". H
1<. 1t St"te%ent& The g!o et"te of " Fili)ino !ei$ing in the USA h"ll e #o%)oe$ of )!o)e!tie it("te$ in the 8hili))ine onl+. 2n$ St"te%ent& The g!o et"te of "n A%e!i#"n !ei$ing in the 8hili))ine h"ll e #o%)oe$ of )!o)e!tie it("te$ in the 8hili))ine e3#l($ing int"ngile )e!on"l )!o)e!tie if the!e i !e#i)!o#it+. ". T!(e' t!(e . T!(e' f"le
#. F"le' f"le $. F"le' t!(e
1?.
:!. 8"#%"n $on"te$ " )"!#el of l"n$ to hi !othe!. 6hi#h of the following t"te%ent i CORRECT in #onne#tion with thi )"!ti#(l"! $on"tion7 ". The $on"tion #"n e %"$e o!"ll+ when the -"l(e i le th"n 8?'@ . The $on"tion h"ll e %"$e in )(li# int!(%ent "n$ the "##e)t"n#e of the $on"tion %"+ e $one o!"ll+@ #. The $on"tion h"ll e %"$e in )(li# int!(%ent "n$ the "##e)t"n#e h"ll e %"$e in "nothe! )(li# int!(%ent to e note$ in oth int!(%ent@ $. The "##e)t"n#e of the $on"tion %"+ e %"$e + the $onee in the "%e ,ee$ of ,on"tion whi#h %"+ e $one e-en "fte! the $e"th of the $ono!.
10.
The following t"3e' fee "n$ #h"!ge "!e $ee%e$ to e n"tion"l inte!n"l !e-en(e t"3e' e3#e)t& ". ,o#(%ent"!+ t"%) t"3e #. E3#ie t"3e . Co%%(nit+ t"3e $. In#o%e t"3e
1.
Ro+"l :ining i " VAT!egite!e$ $o%eti# %ining entit+. One of it )!o$(#t i il-e! eing ol$ to the K"ng9o Sent!"l ng 8ili)in". It le$ " #l"i% with the KIR fo! t"3 !ef(n$ on the g!o(n$ th"t (n$e! Se#tion 10 of the T"3 Co$e' (#h "le i7 ". S(e#t to 124 VATAKLE t!"n"#tion. . S(e#t to >e!o!"te$ t!"n"#tion. #. I "n e3e%)t "le. $. I #l"ie$ " e;e#ti-e >e!o!"te$ t!"n"#tion.
1B.
A $e#e$ent $ie$ ingle' le"-ing " f"%il+ ho%e whi#h #onit of " )ie#e of l"n$ th"t he inhe!ite$ 5 M +e"! "go Hwith " -"l(e "t the ti%e of 80' with " f"i! -"l(e of
8B' "t the ti%e of hi $e"th' "n$ " ho(e the!eon whi#h he (ilt "t " #ot of 80?'' "n$ " f"i! %"!9et -"l(e "t the ti%e of hi $e"th of 8
A %"!!ie$ $e#e$ent left the following& Con(g"l )!o)e!tie Hin#l($ing f"%il+ ho%e of 85'' 81'' E3#l(i-e )!o)e!tie He3#l($ing )!o#ee$ of life in(!"n#e "%o(nting to 81'' whe!e " on w" i!!e-o#"l+ $eign"te$ " ene#i"!+ "n$ " t!"nfe! to the Do-e!n%ent fo! )(li# )(!)oe "%o(nting to 8?' 0'' Con(g"l $e$(#tion Hin#l($ing "#t("l f(ne!"l e3)ene "%o(nting to 85'@ "%o(nt !e#ei-e$ + hei! (n$e! RA <1 "%o(nting to 82'' 04 #olle#tile 5'' E3#l(i-e $e$(#tion Hin#l($ing %e$i#"l e3)ene of 80' 2'' Note& An e3#l(i-e )!o)e!t+ in#l($e$ "o-e w" inhe!ite$ 5 +e"! efo!e the )!eent $e#e$ent $ie$. It w" -"l(e$ "t 8' when inhe!ite$ "n$ 8B' when the )!eent $e#e$ent $ie$. The tot"l t"3"le et"te i& ". '1' #. ?'?5' . ?'<2' $. 11''
2.
In 20' Joe %"$e the following gift& A. On J(ne 1' 20' 81?' to Anton' hi on' on "##o(nt of hi %"!!i"ge #ele!"te$ :"+ 1' 2?@ K. On J(l+ 1' 20' " )"!#el of l"n$ wo!th 81B' to hi f"the!' (e#t to the #on$ition th"t hi f"the! wo(l$ "(%e the %o!tg"ge in$ete$ne of Joe in the "%o(nt of 8<'@ C. On Se)te%e! 5' 20' 81?' $ow!+ to hi $"(ghte! ,"n"' on "##o(nt of he! #he$(le$ %"!!i"ge on O#toe! 2?' 20 "n$ "nothe! we$$ing gift wo!th 82' on No-e%e! 25' 20. Gow %(#h we!e the tot"l t"3"le net gift $(!ing the #"len$"! +e"!7 ". 8<0' #. 8<<' . 8?' $. 8
21.
Ch"!lie' " wi$owe!' h" two on + hi )!e-io( %"!!i"ge. Ch"!lie li-e with Jill who i leg"ll+ %"!!ie$ to :"!io. The+ h"-e " #hil$ n"%e$ J"ne. The #hil$!en "!e "ll %ino! "n$ not g"inf(ll+ e%)lo+e$. One of the on li-e in " $o!%ito!+ "n$ the othe! h" " #hil$. Gow %(#h i tot"l )e!on"l e3e%)tion #"n Ch"!lie "n$ Jill #l"i%7 ". Ch"!lie 82'@ Jill 82?' #. Ch"!lie 8<1'@ Jill 8<' . Ch"!lie 855'@ Jill 855' $. Ch"!lie 8
22. ". . #. $.
One of the following i " he"$ of f"%il+ fo! in#o%e t"3 )(!)oe& 6i$owe! ())o!ting " enio! #iti>en who i not !el"te$ to hi%@ Un%"!!ie$ t"3)"+e! ())o!ting hi !othe!' 2? +e"! ol$@ :"!!ie$ (t leg"ll+ e)"!"te$ t"3)"+e! ())o!ting " nie#e' 10 +e"! ol$@ Single t"3)"+e! ())o!ting hi li-ein )"!tne! who i (ne%)lo+e$.
25.
Sit("tion 1& :!. A' in t!"$ing (ine' h"$ " !e#ei-"le of 81?' f!o% :!. K. 6itho(t e3e!ting (t%ot e;o!t to #olle#t' :!. A #"n#elle$ the in$ete$ne of :!. K. Sit("tion 2& :!. C ol$ to :!. , )e!on"l )!o)e!t+ wo!th 82' fo! " #oni$e!"tion of 8?'' to t"9e e;e#t i%%e$i"tel+ ()on !e#ei)t of the #oni$e!"tion. 6hi#h t"te%ent i #o!!e#t7 ". Sit("tion 1 in-ol-e " $on"tion of 81?' "n$ ho(l$ e #o-e!e$ + " $ono! t"3 !et(!n within 5 $"+ f!o% the $"te of #"n#ell"tion of the in$ete$ne@ . Sit("tion 1 i " "$ $et e3)ene of the (ine "n$ ho(l$ not e t!e"te$ " in-ol-ing " t"3"le $on"tion@ #. Sit("tion 2 h"ll e #oni$e!e$ " "$ "!g"in "n$ not in-ol-ing t"3"le $on"tion@ $. Sit("tion 2 in-ol-e " $on"tion of 82' "n$ ho(l$ e #o-e!e$ + " $ono! t"3 !et(!n within 5 $"+ f!o% the $"te of #"n#ell"tion of the in$ete$ne.
2<.
6hi#h of the following #on$ition i not ne#e"!+ fo! !eti!e%ent enet to e e3e%)te$ f!o% in#o%e t"37 ". The !eti!ing o#i"l o! e%)lo+ee h" een in the e!-i#e of the "%e e%)lo+e! fo! "t le"t ten H1 +e"!. . The enet g!"nte$ h"ll e "-"ile$ of + "n o#i"l o! e%)lo+ee onl+ on#e. #. The !eti!ing e%)lo+ee i not le th"n ft+ +e"! of "ge. $. The e%)lo+ee i the ole !e"$ winne! of the f"%il+.
2?.
6hi#h of the following t"te%ent i not #o!!e#t "o(t the :ini%(% Co!)o!"te In#o%e T"3 H:CIT7
". :ini%(% Co!)o!"te In#o%e T"3 i e=(i-"lent to 24 of the g!o in#o%e eginning on the fo(!th t"3"le +e"! i%%e$i"tel+ following the +e"! in whi#h (#h #o!)o!"tion #o%%en#e$ it (ine o)e!"tion. . It i i%)oe$ onl+ whe!e 24 of the g!o in#o%e i %o!e th"n the no!%"l in#o%e t"3. #. The e3#e of :CIT o-e! the no!%"l in#o%e t"3 h"ll e #"!!ie$ fo!w"!$ "n$ #!e$ite$ "g"int the no!%"l in#o%e t"3 fo! the th!ee H5 i%%e$i"tel+ (##ee$ing +e"!. $. The :CIT %"+ e "))lie$ eithe! on "n "nn("l o! =("!te!l+ "i. 20.
The net o)e!"ting lo of the (ine o! ente!)!ie fo! "n+ t"3"le +e"! i%%e$i"tel+ )!e#e$ing the #(!!ent t"3"le +e"!' whi#h h"$ not een )!e-io(l+ o;et " $e$(#tion f!o% g!o in#o%e h"ll& ". Ke #"!!ie$ o-e! " " $e$(#tion f!o% g!o in#o%e fo! the ne3t th!ee H5 #one#(ti-e t"3"le +e"! i%%e$i"tel+ following the +e"! of (#h lo. . Ke #"!!ie$ o-e! " " $e$(#tion f!o% g!o in#o%e fo! the ne3t -e H? #one#(ti-e t"3"le +e"! i%%e$i"tel+ following the +e"! of (#h lo. #. Not e #"!!ie$ o-e! " " $e$(#tion f!o% g!o in#o%e in "n+ of the (##ee$ing +e"!. $. Ke #"!!ie$ o-e! " " $e$(#tion f!o% g!o in#o%e in "n+ of the (##ee$ing +e"! (ntil it i f(ll+ o;et.
2.
Ke#"(e of $i!e ne#eit+' :!. ,en ol$ " )"!#el of l"n$ f!o% Ilo#o fo! 8B'' with " #ot of 81''. The f"i! %"!9et -"l(e of the l"n$ w" 811''. The )!o#ee$ of the "le we!e (e$ to )(!#h"e )!in#i)"l !ei$en#e "t :"nil". The "le of l"n$ !e(lte$ " t"3 #one=(en#e of& ". 8
2B. ". . #. $. 2.
Inte!n"tion"l Ai! C"!!ie! h"ll e t"3e$ +& Two "n$ oneh"lf )e!#ent H2 1/24 of Net 8hili))ine Killing. Two "n$ oneh"lf )e!#ent H2 1/24 of D!o 8hili))ine Killing. Fo(! "n$ oneh"lf )e!#ent H< 1/24 of Net 8hili))ine Killing. Fo(! "n$ oneh"lf )e!#ent H< 1/24 of D!o 8hili))ine Killing.
:!. A!"9i' " non!ei$ent "lien to#9hol$e!' !e#ei-e$ " $i-i$en$ in#o%e of 85' in 2? f!o% " fo!eign #o!)o!"tion $oing (ine in the 8hili))ine fo! th!ee +e"! )!e#e$ing 2? "!e " follow& So(!#e of in#o%e 22 25 2< F!o% within the 8hili))ine 810'' 812'' 81<'' F!o% witho(t the 8hili))ine 1B'' 1<'' 10'' Gow %(#h of the $i-i$en$ in#o%e !e#ei-e$ + :!. A!"9i i #oni$e!e$ in#o%e f!o% o(!#e within the 8hili))ine' ". e!o #. 85' . 81?' $. 82'
5. ". . #. $.
The te!% P#")it"l "etQ in#l($e& Sto#9 in t!"$e o! othe! )!o)e!t+ in#l($e$ in the t"3)"+e! in-ento!+ Re"l )!o)e!t+ not (e$ in the t!"$e o! (ine of t"3)"+e! 8!o)e!t+ )!i%"!il+ fo! "le to #(to%e! in the o!$in"!+ #o(!e of hi t!"$e o! (ine 8!o)e!t+ (e$ in the t!"$e o! (ine of the t"3)"+e! "n$ (e#t to $e)!e#i"tion
". . #. $.
6hi#h of the following i gene!"ll+ " t"3"le e)"!"tion )"+7 Se)"!"tion )"+ $(e to !eti!e%ent. Se)"!"tion )"+ $(e too !eo!g"ni>"tion of the #o%)"n+. Se)"!"tion )"+ $(e to #o%)"n+ !in9 of "n9!()t#+. Se)"!"tion )"+ $(e to $e"th' i#9ne o! $i"ilit+.
51.
52.
Vi$eo Rent"l' In#.' "n "##!("l "i t"3)"+e!' !e)o!te$ !e#ent !e#ei-"le of 8' "n$ 8?' in it 2 "n$ 20 "l"n#e heet' !e)e#ti-el+. ,(!ing 2' Vi$eo !e#ei-e$ 81' in !ent $e)oit. In Vi$eo 2 in#o%e t"3 !et(!n' wh"t "%o(nt ho(l$ Vi$eo in#l($e " !ent !e-en(e7 ". 815' #. 812' . 811' $. 81' 33 to 35 are based on the following: ,(!ing the %onth of Fe!("!+ 20' 8!in#e T!"$ing !e"li>e$ "le of 8'' VAT e3#l(i-e. The owne! too9 goo$ with " elling )!i#e of 8?' HVAT e3#l(i-e #oting 8<' fo! )e!on"l (e. ,(!ing the "%e %onth' the #o%)"n+ "lo ol$ goo$ wo!th 85' to the Ai"n ,e-elo)%ent K"n9. The #o%)"n+ h"$ "n "))!o-e$ >e!o!"ting f!o% the KIR. The!e w" "lo )(!#h"e of goo$ fo! "le to )!i-"te #(to%e! "%o(nting to 8550'' VAT in#l(i-e@ o#e ())lie fo! (e in the (ine' 85' VAT e3#l(i-e "n$ )(!#h"e of e!-i#e "%o(nting to 811'' VAT e3#l(i-e. The e!-i#e h"$ not een )"i$ +et.
55.
Gow %(#h we!e the tot"l t"3"le "le7 ". 81'5<' #. 81'<' . 81'55' $. 81'5'
5<.
Gow %(#h we!e the tot"l o(t)(t t"3e7 ". 810'B #. 812<'B . 81?'0 $. 81<5'?1
5?.
Gow %(#h w" the VAT )"+"le7 ". 811'BB . 8B?'
50.
#. 8B5'BB $. 8B?'2
K($o+ Co!)o!"tion' " $o%eti# %e!#h"n$iing #o!)o!"tion how it th!ee+e"! o)e!"tion. The #o%)"n+ t"!te$ in 22. 2< 2? 20 D!o in#o%e fo! the +e"! 81'' 81'2' 81'?' Le& Allow"le $e$(#tion fo! the +e"! ?' 1'5?' 1'2?' Net t"3"le in#o%e Hlo fo! the +e"! 8 ?' 8 H1?' 8 2?' The in#o%e t"3 )"+"le in 20 i& ". 8 '? . 8 B'? . 8 52'? $. 8 52'
5.
KORDOY "#=(i!e$ hi ol$ )!in#i)"l !ei$en#e in 12 "t " #ot of 8<:. Ge ol$ the "i$ )!o)e!t+ on J"n("!+ 1' 2< fo! 810:' "ltho(gh the F:V on th"t $"te w" 82:. 6ithin the !egle%ent"!+ )e!io$ KORDOY "#=(i!e$ hi new )!in#i)"l !ei$en#e fo! 812:. 6hi#h of the following i in#o!!e#t7 ". KORDOY h" to )"+ #")it"l g"in t"3 of 85'. . The #ot "i fo! the new )!in#i)"l !ei$en#e i 8?:. #.The (n(tili>e$ "%o(nt of the g!o elling )!i#e i 8<:. $. If the )!o#ee$ we!e not (e$ to (+ " new )!in#i)"l !ei$en#e' the #")it"l g"in t"3 ho(l$ h"-e een 81.2:
5B.
Un$e! RA 55' "ll of the following "!e e3e%)t f!o% VAT' e3#e)t one& ". S"le + the "!tit hi%elf of hi wo!9 of "!t. . S"le of goo$ othe! th"n thoe %entione$ in )"!"g!")h A to Y "n$ AA to CC of e#tion 1 of the T"3 Co$e whe!e the "nn("l g!o !e#ei)t $oe not e3#ee$ 81'?'. #. Le"e of !ei$enti"l (nit with %onthl+ !ent"l of 8B'. $. S"le of "g!i#(lt(!"l "n$ %"!ine foo$ )!o$(#t in it o!igin"l t"te.
:!. C(te' ingle' !e#ei-e$ the following in#o%e in the +e"! 2& H1 ,i-i$en$ in#o%e' $o%eti# #o!). 8 <' H2 Lotto winning in the 8hili))ine 2' H5 Lotto winning in the U.S.A. 1' H< 8!i>e' !e#ei-e$ in the 8hili))ine 1' H? Inte!et in#o%e f!o% "n9 $e)oit in J")"n ?' H0 Le"ehol$ in#o%e' 8hili))ine 1' H 6inning on g"%ling f!o% CASINO 5' HB Ro+"lt+ in#o%e " " )(lihe!' 8hili))ine 8(li#"tion ?' H Ro+"lt+ in#o%e' othe! 8hili))ine 0' H1 Othe! (ine in#o%e' J")"n 2' H11 Othe! (ine in#o%e' U.S.A. 1'' In#o%e T"3"tion E3)ene )"i$& ". 8e!on"l . K(ine' 8hili))ine #. K(ine' J")"n $. K(ine' U.S.A. K(ine t"3e )"i$& ". 8hili))ine Hnot $e$(#t"le . J")"n #. U.S.A.
8<' 5' 2?' ' 82' 1' 1?'
5. A(%ing th"t :!. C(te i " !ei$ent #iti>en' hi t"3"le in#o%e i& ". 81B' #. 82' . 81' $. 81' <. Uing the "%e $"t"' t"3 $(e efo!e "n+ #!e$it& ". 85?' #. 85' . 82?' $. 8<'
******** En$ of e3"%in"tion ******** NOR:AL INCO:E TAX RATE on In$i-i$("l t"3)"+e! " of No-. 1' 2? Not o-e! 81' ?4 O-e! 81' (t not o-e! 85' 8? 14 of the e3#e of o-e! 81' O-e! 85' (t not o-e! 8' 82'? 1?4 of the e3#e of o-e! 85' O-e! 8' (t not o-e! 81<' 8B'? 24 of the e3#e of o-e! 8' O-e! 81<' (t not o-e! 82?' 822'? 2?4 of the e3#e of o-e! 81<' O-e! 82?' (t not o-e! 8?' 8?' 54 of the e3#e of o-e! 82?' O-e! 8?' 812?' 5?4 of the e3#e of o-e! 8?'
BUSINESS LAW %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% %%%%%%%%%%
<1. A' K' "n$ C "!e )"!tne! #ont!i(ting e!-i#e' 82' "n$ 8<' !e)e#ti-el+. The $it!i(tion of the 8B' net "et h"ll e& ". A 82' K82' C8<' . A 8?' K82?' C8?' #. A852' K810' C852' $. A820'00 K820'00 C820'00 <2. St"te%ent 1 Sh"!e of to#9 #"n e the oe#t of )le$ge o! %o!tg"ge St"te%ent 2 Re"l et"te %o!tg"ge i "n "##eo!+ #ont!"#t ". t!(e' t!(e . f"le' f"le #. t!(e' f"le $. f"le' t!(e <5. One o! %o!e (t le th"n "ll the )"!tne! h"-e no "(tho!it+ to )e!fo!% the following e3#e)t& ". Reno(n#e " )"!tne!hi) #l"i% . S(%it " )"!tne!hi) #l"i% o! li"ilit+ to "!it!"tion #. Con-e+ )"!tne!hi) )!o)e!t+ in the o!$in"!+ #o(!e of )"!tne!hi) (ine $. ,o "n+ "#t whi#h wo(l$ %"9e it i%)oile to #"!!+ on the o!$in"!+ (ine of the )"!tne!hi) <<. A li%ite$ )"!tne!hi) h" A' " gene!"l )"!tne!' K' " li%ite$ )"!tne!' "n$ C' " "n in$(t!i"l )"!tne! #ont!i(ting 8?'@ 8?' "n$ e!-i#e !e)e#ti-el+. The )"!tne!hi) f"ile$ "n$ "fte! $i)oing "ll it "et to )"+ )"!tne!hi) $et the!e till !e%"in " note )"+"le in the (% of 85'. Ag"int who% #"n the #!e$ito! $e%"n$ )"+%ent7 ". A85' K8 C8 . A81?' K81?' C8 #. A81?' K8 C81?' $. A81' K81' C81' ing the )le$gee to "))!o)!i"te the thing )le$ge$ i -oi$ "n$ witho(t e;e#t. St"te%ent 2 If "fte! the "(#tion "le' the thing )le$ge$ i not ol$' the )le$gee #"n "))!o)!i"te the thing )le$ge$. ". t!(e' t!(e . f"le' f"le #. t!(e' f"le $. f"le' t!(e <0. A #o!)o!"tion i $ee%e$ $iol-e$ ". Ce"e$ o)e!"tion fo! "t le"t -e +e"! . No #o%%en#e%ent of (ine t!"n"#tion within 2 +e"! f!o% i("n#e of #e!ti#"te of in#o!)o!"tion #. A %e%e! of the o"!$ i #on-i#te$ of "n o;ene $. :"o!it+ of the %e%e! of the o"!$ "!e $e"$ <. 6hi#h of the following #o!)o!"te "#t !e=(i!e the "))!o-"l of the %"o!it+ of the o(tt"n$ing #")it"l to#9 o! of the %e%e! of the )!i-"te #o!)o!"tion ". To in-et #o!)o!"te f(n$ in "nothe! #o!)o!"tion o! (ine. . To "%en$ the "!ti#le of in#o!)o!"tion. #. To "$o)t +l"w $. To $iol-e the #o!)o!"tion
". 8!oe#(ting "n$ $efen$ing (it + o! "g"int it "n$ en"ling it to ettle "n$ #loe it ";"i!. . To $i)oe "n$ #on-e+ it )!o)e!t+ #. To $it!i(te it "et $. Contin(ing the (ine fo! whi#h it w" et"lihe$ <. 6hi#h of the following i not #o!!e#t7 ". A )"!tne!hi) egin f!o% the %o%ent of the e3e#(tion of the #ont!"#t' (nle it i othe!wie ti)(l"te$. . 8e!on who "!e )!ohiite$ f!o% gi-ing e"#h othe! "n+ $on"tion o! "$-"nt"ge #"nnot ente! into (ni-e!"l )"!tne!hi). #. A )"!ti#(l"! )"!tne!hi) h" fo! it oe#t $ete!%in"te thing' thei! (e o! f!(it' o! " )e#i# (n$e!t"9ing o! the e3e!#ie of " )!ofeion o! -o#"tion. $. A!ti#le of (ni-e!"l )"!tne!hi) ente!e$ into witho(t )e#i#"tion of it n"t(!e' onl+ #ontit(te " (ni-e!"l )"!tne!hi) of "ll )!eent )!o)e!t+. ?. The following "!e the !(le in #"e " %"n"ging )"!tne! #olle#t " $e%"n$"le $et f!o% " )e!on who "lo owe the )"!tne!hi) " $e%"n$ $et' e3#e)t ". The (% #olle#te$ h"ll e "))lie$ to the )"!tne!hi) #!e$it . It h"ll e "))lie$ to the two #!e$it in )!o)o!tion to thei! "%o(nt #. The (% h"ll e f(ll+ "))lie$ to the )"!tne!hi) #!e$it' if the !e#ei)t gi-en i fo! the "##o(nt of the )"!tne!hi) $. The $eto! h" the !ight to h"-e the )"+%ent "))lie$ in hi $et to the )"!tne! if it ho(l$ e %o!e one!o( to hi% ?1. The $(t+ to %"9e $i#lo(!e' whe!e othe!wie the!e wo(l$ e " g!e"t "n$ (nf"i! ine=("lit+ of "!g"ining )oition + the (e of ini$e )oition " !eg"!$ !el"tion of $i!e#to! to to#9hol$e! ". S)e#i"l #i!#(%t"n#e !(le . T!(t f(n$ theo!+ #. ,o#t!ine of #o!)o!"te o))o!t(nit+ $. In#o!)o!"te theo!+ ?2. Ch"ttel %o!tg"ge " $iting(ihe$ f!o% )"#to $e !et!o "le ". A )!in#i)"l "n$ in$e)en$ent #ont!"#t . The title "n$ )oeion "!e t!"nfe!!e$ to the -en$ee #. C"nnot "))!o)!i"te to hi%elf the )!o)e!t+ %o!tg"ge$' no! $i)oe of it $. Selle! %"+ e3e!#ie the !ight to !e)(!#h"e ?5. Not "n eenti"l !e=(iite of )le$ge ". The thing )le$ge$ to e )l"#e$ in the )oeion of the $eto! o! of " thi!$ )e!on + #o%%on "g!ee%ent . It i #ontit(te$ to e#(!e the f(lll%ent of " )!in#i)"l olig"tion #. The )le$go! i the "ol(te owne! of the thing )le$ge$ $. The )e!on #ontit(ting the )le$ge h" the f!ee $i)o"l of the )!o)e!t+ ?<. A' K' C "n$ , "!e )"!tne!. Thei! #ont!i(tion "!e " follow& A8?'@ K85'@ C 82'@ "n$ ,e!-i#e. The )"!tne!hi) in#(!!e$ olig"tion to thi!$ )e!on' whi#h the !% w" (n"le to )"+. Afte! e3h"(ting "ll the "et of the )"!tne!hi)' the!e i till "n (n)"i$ "l"n#e of 81'. Gow %(#h ho(l$ e"#h )"!tne! )"+ to the #!e$ito!7 ". A8?' K85' C82' ,8 . A82'? K82'? C82'? ,82'? #. A8<' K85' C82' ,81'? $. A8<' K8<' C82' ,8 ??. A' K "n$ C' #oowne! of " )"!ti#(l"! )"!#el of l"n$' o!!owe$ 8?' f!o% X "n$ Y. The th!ee H5 $eto! igne$ " )!o%io!+ note on J"n("!+ 1' 20 )!o%iing to )"+ the #!e$ito! on o! efo!e A)!il 5' 20. In "$$ition' the $eto! #ontit(te$ " %o!tg"ge on thei! )!o)e!t+ in f"-o! of the #!e$ito!. On %"t(!it+ $"te' X $e%"n$e$ )"+%ent. Gow %(#h #"n X #olle#t f!o% C ()on %"t(!it+ of the olig"tion H#!e$ito! "!e oli$"!+7 ". 8?' " it !e)!eent the "#t("l h"!e of X in the #!e$it. . 82?' " the olig"tion i )!e(%e$ to e oint "n$ the "%o(nt !e)!eent C h"!e in the olig"tion. #. 8?' "e$ on the )!o%io!+ note $. 8?' e#"(e the n"t(!e of the olig"tion i oli$"!+ ?0. Uing the )!e#e$ing n(%e!' if C )"i$ X hi h"!e in the olig"tion' #"n he' " #oowne! of the )!o)e!t+' ee9 " )"!ti"l !ele"e of the %o!tg"ge #ontit(te$ the!eon7 ". Ye' e#"(e C i "nwe!"le onl+ fo! 82?' . Ye' e#"(e C olig"tion i "l!e"$+ e3ting(ihe$ #. No' e#"(e %o!tg"ge "!e #oni$e!e$ in$i-iile' )"+%ent in )"!t h"ll not e3ting(ih the olig"tion $. No' e#"(e the olig"tion i oli$"!+' )"+%ent in )"!t h"ll not e3ting(ih the olig"tion e#(!e$ + %o!tg"ge
?. The following "!e #oni$e!e$ ele%ent of the #ont!"#t of )le$ge "n$ %o!tg"ge. 6hi#h i the e3#e)tion7 ". The )le$go! o! %o!tg"go! %(t h"-e the f!ee $i)o"l of the thing )le$ge$ o! %o!tg"ge$ . The )le$go! o! %o!tg"go! %(t e the "ol(te owne! of the thing )le$ge$ o! %o!tg"ge$ #. Koth "!e "##eo!+ #ont!"#t $. The thing %"+e "))!o)!i"te$ if the $eto! #"nnot )"+ ?B. 8 "))ointe$ A " hi "gent o!"ll+ to ell hi )"!#el of l"n$ fo! 82'. ten $"+ l"te!' A ol$ the "%e )!o)e!t+ fo! 85' th!o(gh " )(li# int!(%ent e3e#(te$ etween hi% "n$ K. 6h"t i the e;e#t "n$ t"t( of "le etween A "n$ K7 ". The "le i -"li$ e#"(e A w" "(tho!i>e$ "n$ it w" e3e#(te$ in " )(li# int!(%ent. . The "le i (nenfo!#e"le e#"(e the "gent went e+on$ the #o)e of hi "(tho!it+ fo! elling the l"n$ fo! " )!i#e highe! th"n the )!i#e "g!ee$ ()on. #. The "le i -oi$ e#"(e the!e w" no -"li$ "))oint%ent of A " "gent of 8. $. The "le #"n e !"tie$ "ltho(gh the "))oint%ent of A w" $one o!"ll+ e#"(e the "le etween A "n$ K w" in " )(li# int!(%ent. ?. 6he!e " $i!e#to! + -i!t(e of hi o#e' "#=(i!e$ fo! hi%elf o))o!t(nit+ whi#h elong to the #o!)o!"tion' the!e+ ot"ining )!ot to the )!e($i#e of (#h #o!)o!"tion' %(t "##o(nt to the l"tte! fo! "ll (#h )!ot + !ef(n$ing the "%e' (nle hi "#t i !"tie$ + ". A -ote "t " !eg(l"! o! )e#i"l %eeting + to#9hol$e! owning o! !e)!eenting " %"o!it+ of the o(tt"n$ing #")it"l to#9. . A -ote of the to#9hol$e! owning o! !e)!eenting "t le"e onethi!$ of the o(tt"n$ing #")it"l to#9 #. A (n"ni%o( -ote of "ll the to#9hol$e! of the #o!)o!"tion $. A -ote of the to#9hol$e! owning o! !e)!eenting "t le"t twothi!$ of the o(tt"n$ing #")it"l to#9 0. 6hen " o!!owe! (e the thing fo! " )(!)oe $i;e!ent f!o% the inten$e$' $el"+ it !et(!n to the owne!' !e#ei-e the thing (n$e! "))!"i"l' len$ to thi!$ )e!on o! "-e hi )!o)e!t+ inte"$ of the thing in #"e of e%e!gen#+' h"ll e li"le e-en in #"e of fo!t(ito( e-ent' e#"(e ". The n"t(!e of the olig"tion !e=(i!e "n "(%)tion of !i9. . The )"!tie h"-e e3)!el+ ti)(l"te$ on (#h li"ilit+. #. The $eto! in $el"+. $. The l"w e3)!el+ o )!o-i$e 01. A $it!i(tion + " #o!)o!"tion of h"!e of to#9 hel$ + it in "nothe! #o!)o!"tion i ". C"e of $e#l"!"tion of to#9 $i-i$en$ . Sit("tion e=(i-"lent to " "le of "et #. Sit("tion e=(i-"lent to " %e!ge! o! #onoli$"tion $. 8!o)e!t+ $i-i$en$ o! "n "#t("l $it!i(tion of #o!)o!"te "et 02. A $eli-e!e$ to K 1' )ie#e of ,"-"o f"!i#"te$ hell #!"ft ewel!+ fo! the )(!)oe of elling the% "t 81. e"#h. O(t of the )!o#ee$ of the e3)e#te$ "le' K i to !e#ei-e " 14 #o%%iion. Afte! 5 $"+' howe-e!' K ol$ "ll ite% "t 81.? e"#h to C' (t on 5$"+ #!e$it. A #o%)elle$ K to )"+. 6hi#h i #o!!e#t7 ". K %(t )"+ 81' i%%e$i"tel+ . K #"nnot e #o%)elle$ to )"+ "t "ll #. K %(t )"+ 81?' i%%e$i"tel+ $. K %(t )"+ 8?' i%%e$i"tel+ "n$ 81' "fte! 5 $"+ 05. In !e"l et"te %o!tg"ge' the %o!tg"go! #"n ell the %o!tg"ge$ )!o)e!t+ ". 6ith the #onent of the %o!tg"gee in w!iting . E-en witho(t the #onent of the %o!tg"gee #. Onl+ with the #onent of the %o!tg"gee in w!iting o! o!"ll+ $. Onl+ "fte! )"+ing hi olig"tion to the %o!tg"gee 0<. 8 w!ote " lette! "(tho!i>ing A to ell hi )"!#el of l"n$ it("te$ in Ko!"#"+. A ol$ the l"n$ in w!iting to X (t the "gent HA $i$ not gi-e the %one+ to 8. The "le of the l"n$ + A to X i ". Voi$' e#"(e the "(tho!it+ of A i not in )(li# int!(%ent. . Unenfo!#e"le' e#"(e the "(tho!it+ of A i not in )(li# int!(%ent. #. Ine3itent' e#"(e the "(tho!it+ of A i in )!i-"te w!iting. $. V"li$ "n$ enfo!#e"le 0?. The negoti"le #h"!"#te! of "n int!(%ent i ";e#te$ + " )!o-iion ". A(tho!i>ing the "le of #oll"te!"l e#(!itie in #"e the int!(%ent i not )"i$ "t %"t(!it+. . A(tho!i>ing " #onfeion of ($g%ent if the int!(%ent i not )"i$ "t %"t(!it+. #. Di-ing the %"!9e! "n ele#tion to !e=(i!e o%ething to e $one in lie( of )"+%ent of %one+. $. 6"i-ing the enet of "n+ l"w inten$e$ fo! the )!ote#tion of the oligo!. 00. R(le on #ont!(#tion whe!e int!(%ent i "%ig(o(' e3#e)t
". If not $"te$' the $"te i #oni$e!e$ to e the $"te of i("n#e. . 6he!e the ign"t(!e i )l"#e$ "n$ i not #le"! in wh"t #")"#it+ the )e!on inten$e$ to ign' he i $ee%e$ "n "##o%%o$"tion )"!t+ #. Ketween )!inte$ "n$ w!itten )!o-iion' the w!itten )!o-iion )!e-"il $. Int!(%ent #ont"ining the wo!$ PI )!o%ie to )"+Q igne$ + two o! %o!e )e!on' (#h )e!on "!e $ee%e$ ointl+ "n$ e-e!"ll+ li"le 0. 6hi#h of the following i not negoti"le7 ". 8"+ to K o! o!$e! 81'. Sg$. A to C A##e)te$& Fo! 8?' onl+ Sg$. C . 8"+ to Joe 81'. Sg$. J("n to 8e$!o A##e)te$& Fo! 81' Sg$. 8e$!o #. 8"+ to :"!i" o! e"!e! 81'. Sg$. Joe to J("n "n$ 8e$!o A##e)te$& If :"!i" )"e the C8A Ko"!$ E3"%in"tion. Sg$. J("n $. 8"+ to the o!$e! of K 81' "t 125 C: Re#to A-en(e' :"nil". Sg$. A to C' J.8 Ri>"l St. :"9"ti A##e)te$& 8"+"le "t 125' J8 Ri>"l St.' :"9"ti Cit+. Sg$. C 0B. 6he!e "n in$o!e%ent i #on$ition"l' %"+ the %"!9e! %"9e )"+%ent "ltho(gh the #on$ition h" not een f(llle$7 ". Ye' he %"+ $i!eg"!$ the #on$ition witho(t in#(!!ing "n+ li"ilit+. . Ye' he %"+ $i!eg"!$ the #on$ition (t he e#o%e li"le if the en$o!ee f"il to f(lll the #on$ition #. No' the =("lie$ in$o!e%ent e#o%e )"!t of the #ont!"#t $. No' the )e!on who !e#ei-e$ )"+%ent will hol$ the )!o#ee$ (e#t to the !ight of the #on$ition"l in$o!e! 0. : i(e " )!o%io!+ note )"+"le to 8 o! e"!e!. 6hi#h of the following i not #o!!e#t7 ". If in$o!e$ + 8 to A "n$ A "lo in$o!e$ it to K' K %"+ negoti"te the note to C + %e!e $eli-e!+ . If in$o!e$ + 8 to A "n$ A "lo in$o!e it to K' 8 i li"le to A "n$ K #. If in$o!e$ + 8 to A "n$ A "lo in$o!e it to K "n$ K negoti"te the note to C + $eli-e!+. A i li"le to K "n$ C $. If 8 negoti"te the note to A + $eli-e!+ "n$ A in$o!e it to K' K %"+ negoti"te the note to C + $eli-e!+. . 6hi#h of the following i not #o!!e#t7 ". 6he!e the int!(%ent i negoti"te$ "#9 to " )!io! )"!t+' "ll inte!-ening in$o!e%ent "!e not ne#e"!+ to the hol$e! title . 6he!e the int!(%ent i o!igin"ll+ )"+"le to o!$e!' the hol$e! %"+ not t!i9e o(t the )"+ee in$o!e%ent #. The in$o!e! whoe in$o!e%ent i t!(#9 o(t "n$ "ll in$o!e! "!e the!e+ !elie-e$ f!o% li"ilit+ on the int!(%ent $. The hol$e! %"+ "t "n+ti%e t!i9e o(t "n in$o!e%ent whi#h i not ne#e"!+ to hi title 1. St"te%ent No. 1 J(!i$i#"l )e!on"lit+ of )"!tne!hi) egin on the $"te of the e3e#(tion of the "!ti#le of )"!tne!hi) (nle " )e#i# $"te i "g!ee$ fo! it e3iten#e. St"te%ent No. 2 J(!i$i#"l e3iten#e of #o!)o!"tion #o%%en#e on the $"te of the e3e#(tion of the "!ti#le of in#o!)o!"tion (nle " )e#i# $"te i "g!ee$ fo! it e3iten#e. " St"te%ent No. 1 "n$ St"te%ent No. 2 "!e oth #o!!e#t. St"te%ent No.1 "n$ St"te%ent No. 2 "!e oth w!ong. # St"te%ent No.1 i #o!!e#t while St"te%ent No. 2 i w!ong. $ St"te%ent No. 1 i w!ong while St"te%ent No. 2 i #o!!e#t. 2. A o;e!e$ to ell hi ho(e "n$ lot to K fo! 81'' gi-ing the l"tte! 5 $"+ to )!e)"!e the 81''' "n$ " oon " K i !e"$+ with the %one+' A will e3e#(te the ,ee$ of S"le. On the 1? th $"+' A tol$ K th"t he h" in#!e"e$ the )!i#e to 81' ?'. C"n K #o%)el A to e3e#(te the ,ee$ of S"le "t the )!i#e of 81''7 " Ye' e#"(e the!e w" "#t("ll+ %eeting of the %in$ of the )"!tie. No' e#"(e K ne-e! ignie$ hi "##e)t"n#e of A o;e!. # Ye' e#"(e A i "l!e"$+ eto))e$ + hi o;e!. $ No' e#"(e 81'' i le th"n 81'?'. 5. The following "!e the =("li#"tion of $i!e#to! in " #o!)o!"tion. Chooe the e3#e)tion& " :"o!it+ of the $i!e#to! %(t e Fili)ino #iti>en. Ge %(t "t le"t own one h"!e of to#9 in hi own n"%e in the oo9 of the #o!)o!"tion. # :"o!it+ of the $i!e#to! %(t e !ei$ent of the 8hili))ine. $ Ge %(t not e #on-i#te$ + n"l ($g%ent of "n o;ene with i%)!ion%ent of %o!e th"n 0 +e"!.
<. A' K "n$ C "!e )"!tne! of AKC 8"!tne!hi) h"!ing )!ot "n$ loe e=("ll+. A i "n in$(t!i"l )"!tne! while K "n$ C #ont!i(te$ 82' "n$ 8<' !e)e#ti-el+. The )"!tne!hi) w" li=(i$"te$ "n$ "fte! )"+%ent of )"!tne!hi) olig"tion' onl+ 8' wo!th of "et !e%"ine$. The h"!e of A i& "
85'
# 8
$ 80'
?. A "n$ K "!e oli$"!+ #!e$ito! to X "n$ Y' oint $eto! fo! " tot"l (% of 8'. A own 1/5 of the #!e$it while K own 2/5. K(t X owe 2/? of the $et while Y owe 5/? of the $et. In thi #"e& " K #"n #olle#t f!o% X 8' "n$ f!o% Y 8. A #"n #olle#t f!o% X 8
# !ight of $ !ight of "))!"i"l
B1. The %ini%(% !e=(i!e%ent of the #o!)o!"tion to in#o!)o!"te& " # $
A(tho!i>e$ C")it"l 8?' 810' 82' 8
S(#!ie$ C")it"l 81' 8 <' 8 ?' 810'
8"i$ In C")it"l 8?' 8<' 8?' 8<'
B2. Thi fo!% )"!t of the o(tt"n$ing h"!e& " t!e"(!+ h"!e $elin=(ent h"!e !e$ee%e$ !e$ee%"le h"!e
# $ (ni(e$ h"!e
B5. A )"!tne!hi) i not $iol-e$ ()on the $e"th of& " gene!"l )"!tne!
# in$(t!i"l )"!tne!
#")it"litin$(t!i"l )"!tne! eto)el
$ )"!tne! +
B<. X t!"nfe!!e$ to Y he! )"!#el of l"n$ " )"+%ent of hi olig"tion of 81''. 6h"t 9in$ of #ont!"#t ente!e$ etween the%7 " S"le Le"e # E3#h"nge $ ,"tion in 8"+%ent B?. The 81'ill i(e$ + the K"ng9o Sent!"l Ng 8ili)in" i "n e3"%)le of& " Che#9
Kill of E3#h"nge
#8!o%io!+ Note
$ Leg"l Ten$e!
B0. A i olige$ to $eli-e! to K hi hon$" #i-i# #"! o! " go"t %il9 t"9en f!o% " #ow o! one 9ilo of h"( o! hi $i"%on$ !ing on Se)te%e! 1' 25. Gowe-e! A #"n (tit(te the )!et"tion with hi ho(e "n$ lot. The !ight of #hoi#e elong to K. Kefo!e the #o%%(ni#"tion of #hoi#e' "ll the )!et"tion e3#e)t the ho(e "n$ lot' we!e $et!o+e$ + fo!t(ito( e-ent. 6h"t h"))ene$ to the olig"tion of A to K7 " A olig"tion i e3ting(ihe$. A i li"le to )"+ the -"l(e of "n+ of the )!et"tion "t the #hoi#e of K. # A olig"tion i till (iting. $ A i li"le to $eli-e! the (tit(te. B. The -oting !e=(i!e%ent in #"e of in#(!!ing o! in#!e"ing on$e$ in$ete$ne. " # $
%"o!it+ of the o"!$ "n$ %"o!it+ of the o(tt"n$ing #")it"l to#9 %"o!it+ of the o"!$ "n$ 00 2/54 of the o(tt"n$ing #")it"l to#9 2/5 %"o!it+ of the o"!$ "n$ %"o!it+ of the o(tt"n$ing #")it"l to#9 2/5 %"o!it+ of the o"!$ "n$ 2/5 of the o(tt"n$ing #")it"l to#9
BB. AKC Co!)o!"tion i eng"ge$ in in-et%ent of f(n$ " hown in it )!i%"!+ )(!)oe. If to$"+' AKC Co!)o!"tion $e#i$e to in-et in XY Co!)o!"tion' wh"t i the -oting !e=(i!e%ent7 " # $ e f
%"o!it+ of the o"!$ "n$ %"o!it+ of the o(tt"n$ing #")it"l to#9 %"o!it+ of the o"!$ "n$ 00 2/54 of the o(tt"n$ing #")it"l to#9 2/5 %"o!it+ of the o"!$ "n$ %"o!it+ of the o(tt"n$ing #")it"l to#9 2/5 %"o!it+ of the o"!$ "n$ 2/5 %"o!it+ of the o(tt"n$ing #")it"l to#9 %"o!it+ of the o"!$ "n$ none of the o(tt"n$ing #")it"l to#9 none of the o"!$ "n$ none of the o(tt"n$ing #")it"l to#9.
B. A $"+ "fte! the i("n#e of the #e!ti#"te of in#o!)o!"tion of XY In#.' :' one of the $i!e#to! $i#o-e!e$ th"t the )"i$ in #")it"l w" onl+ 2<4 of the (#!ie$ #")it"l to#9. Ne-e!thele' it o!g"ni>e$ itelf "n$ !e)!eente$ to the )(li# " " #o!)o!"tion. 6h"t 9in$ of #o!)o!"tion i XY In#.7 " $e (!e #o!)o!"tion #o!)o!"tion #o!)o!"tion + eto))el )!e#!i)tion
# $e f"#to $ #o!)o!"tion +
. A' K "n$ C "!e )"!tne! of AKC 8"!tne!hi). A !eigne$ f!o% the !%. K' who 9new thi f"#t' ente!e$ into " t!"n"#tion with X who 9now of the e3iten#e of the )"!tne!hi) (t $i$ not 9now the f"#t of $iol(tion. The t!"n"#tion i not fo! win$ing () no! i it fo! #o%)letion of (nnihe$ (ine. 6ho will e li"le to X !t7 " AKC 8"!tne!hi) A # K $ C 1. The te!% whi#h !efe! to the $eli-e!+ of " negoti"le int!(%ent + the %"9e! o! $!"we! to the )"+eehol$e!& " i(e $it!i(tion
in$o!e%ent
# negoti"tion
$
2. X owe AKC 8"!tne!hi) 8'.. The )"!tne! "!e #o%)oe$ of A' K "n$ C. X g"-e to A 85' " hi h"!e of the #!e$it. A i(e$ " !e#ei)t of hi h"!e to X. Few $"+ the!e"fte!' X e#"%e inol-ent. Gow ho(l$ the 85'. e $it!i(te$' if it #"n e $one7 " A85'' K C # A81'' K81' C 81' A82'' K81' C $ A' K81'? C81'? 5. A #ont!i(te$ to AK 8"!tne!hi) the ((f!(#t of hi #"! fo! the !% (ine of #"! !ent"l. K' " )"!tne!' $!o-e the #"! f!o% the "i!)o!t fet#hing " #lient (t %et "n "##i$ent in the :"!#elo K. Fe!n"n !i$ge tot"ll+ $et!o+ing the #"!. The #lient (t"ine$ in(!ie !e=(i!ing )"+%ent of $"%"ge of 81'. 6ho ho(l$ e"! the lo of the #"!7
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<. In )!ole% no. 25' ())oing the #"! w" the one #ont!i(te$ + A " hi #")it"l #ont!i(tion who ho(l$ e fo! $"%"ge of the #lient7 " A "lone AK 8"!tne!hi) "lone # K "lone $ A' K AK 8"!tne!hi) oli$"!il+ ?. 6h"t i t"t( of the #ont!"#t of "le o-e! "n i%%o-"le %"$e + "n "gent with "n (nigne$ w!itten "(tho!it+ to ell7 " -"li$ !e#iile
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# (nenfo!#e"le
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0.Joe #on$one$ the olig"tion of 8e$!o of 82?' witho(t "n+ w!itten $o#(%ent. A $"+ "fte! the #on$on"tion' Joe $ie$. The hei! of Joe' "fte! the (!i"l' $e%"n$e$ f!o% 8e$!o the (% of 82?' " the+ "!e going to )"+ the e3)ene fo! the (!i"l of Joe. 6h"t i the t"t( of the #on$on"tion of Joe to 8e$!o7 " V"li$ Voi$ # Unenfo!#e"le $ Voi$"le . A in$(#e$ K not to )"+ the #oni$e!"tion of the "le of 8 1''. to C on the g!o(n$ th"t the l"tte! i "l!e"$+ -e!+ !i#h. C le"!nt of the in$(#e%ent of A "n$ inten$e$ to le " #"e to enfo!#e hi !ight. In #"e C will !e#o-e! the )!i#e "n$ $"%"ge' to who% h"ll C !e#o-e! $"%"ge7 " A "lone
K "lone
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B. Joe ol$ to 8e$!o e#t"#+ )ill fo! 81:. A $"+ "fte! the "le' the NKI !"i$e$ the ho(e of 8e$!o "n$ !e#o-e!e$ "ll the e#t"#+ )ill "n$ !e"!%. 8e$!o intit(te$ " #olle#tion #"e to !e#o-e! the 81:. Gow %(#h #"n 8e$!o !e#o-e! f!o% Joe7 " 81:
81: )l( $"%"ge
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$ onl+ $"%"ge
. The )!o%io!+ note !e"$ " follow& P6e )!o%ie to )"+ to the o!$e! of A' K "n$ C the (% of 81B' )"+"le within 0 $"+ f!o% i(e.Q SD, HX' Y "n$ . Thi %e"n th"t& " X i olige$ to )"+ A 82' X i olige$ to )"+ A 80' # X i olige$ to )"+ A' K "n$ C 81B' $ X i olige$ to )"+ A 81B' "lone. 1. A to#9hol$e! #"nnot e3e!#ie hi )!ee%)ti-e !ight on "n+ of the following it("tion' whi#h i the e3#e)tion& " $enie$ in the +l"w h"!e i(e$ in #o%)li"n#e of l"w !e=(i!ing to#9 o;e!ing to the )(li# # h"!e i(e$ in goo$ f"ith "))!o-e$ + 2/5 of the o(tt"n$ing #")it"l to#9 in e3#h"nge fo! )!o)e!t+ nee$e$ $ h"!e i(e$ in goo$ f"ith "))!o-e$ + 2/5 of the o(tt"n$ing #")it"l to#9 to )"+ )!e-io(l+ #ont!"#te$ $et /en$
