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In order to demonstrate an example of this accounting convention, assume a utility installs an asset with an estimated useful life of 19 years incurring a total cost upon purchase and installation of 20,000. At the time of installation, the expected net salvage value of the asset (expected salvage less the expected cost of removal and
In a destination contract Seller's obligation is to get goods to a specific destination., the seller's obligation is to see to it that the goods actually arrive at the destination. Here again, the parties may employ the use of abbreviations that indicate the seller's duties.
Mar 21, 2012· A standard successors and assigns clause would be something like: "This Agreement shall be binding upon and shall inure to the benefit of the parties and their permitted successors and assigns." A successor is a third party that either acquired .
Where the order provides for installation, assembly, commissioning or any other work to be carried out by the supplier the same shall be executed with good workmanship. The supplier shall execute the work with an adequate or the agreed number of persons and quantities of materials, component parts, equipment and tools of adequate or the agreed qualifications or quality as the case may be.
difficult issue is what happens to these rights, duties and obligations under the OA during the Twilight Zone before assumption or [3] — Where the Debtor Is a Nonoperator. When the debtor is a nonoperatorunder an OA and has not yet decided to assume or reject the OA, it is unclear whether the operator can enforce the
Feb 28, 2018· The limits of liability in this Section apply to the fullest extent permitted by applicable law, but do not apply to: (1) the parties' obligations under Section 8 (Defense of claims); or (2) breach of any confidentiality obligation; or (3) violation of the other's intellectual property rights.
violating rights. Obligations to fulfill assume no particular abuser; they require states to foster positive instead of negative liberties. Shue's typology helped inform the human rights treaties. Consider the ICCPR right to life. 6 That right unquestionably grounds an obligation not to kill people arbitrarily (obligation to respect).
the Installation and Operating instructions furnished with the product. Any alteration, willful abuse, accident, or misuse of the product shall nullify this warranty. • This warranty is nontransferable, and is made to the original owner, provided that the purchase was made through an authorized supplier of .
4 WEB600 User's Manual. FCC requirements. Part 15: This equipment has been tested and found to comply with the limits for a Class A digital device, pursuant to Part 15 of the FCC Rules. These limits are designed to provide reasonable protection against harmful interference when the equipment is operated in a commercial environment.
assume v. to take over the liability for a debt on a promissory note, which is often done by the buyer of real property which has a secured debt upon it. Example: Bob Buyer pays part of the price of a piece of real property by taking over the debt that Sally Seller had on the property. However, usually the original owner to whom Sally owes the debt must ...
instrumentality to suspend, decrease, or terminate its fiscal obligations under, or in connection with, this Contract, County may amend, suspend, decrease, or terminate its obligations under, or in connection with, this Contract. In the event of termination, County shall be liable for payment
(a) T he supplier shall repurchase at its fair market value or assume the lease responsibilities of any specific dataprocessing hardware that the supplier required the dealer to purchase to satisfy the minimum requirements of the dealer contract, including computer systems equipment required and approved by the supplier to communicate with the supplier.
preparing for the installation – eg arranging site access for the supplier's workers. To the extent such costs are wasted, they may be recoverable in addition. Limited expectations Where the defendant could have performed the contract in a number of different ways, the court will assume that it .
Under the new revenue guidelines, a company would have to consider whether there's implicit financing when extended payment terms are offered. If so, the financing element is accounted for separately from the rest of the contract. To demonstrate, assume a software developer delivers a license to a customer and provides a threeyear payment plan.
and legal costs, that may result from the installation, operation, use of, or inability to use warrantors' products and services, or from the failure of the warrantors' system to report a given event or condition, whether or not caused by warrantors' negligence, except as necessary to enforce the express terms of this limited warranty.
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