ACC220 Assignment 2016
ACC220 LAW OF BUSINESS ASSOCIATIONS
ASSESSMENT TASK 2_ASSIGNMENT 2016
DUE DATE: Friday 23 September (midnight) (Week 9)
TOTAL MARKS: 30 marks (30% of overall assessment)
WORD LIMIT: 1500 words
SUBMISSION: Submit your work electronic
Which of the following is not a possible consequence of a failure to comply with the internal
a) In the case of non-compliance by a director, the person will have breached the
Corporations Act 2001 (Cth).
Activity Based Costing
Activity based costing (ABC) assigns manufacturing overhead costs to products in a more logical
manner than the traditional approach of simply allocating costs on the basis of machine hours.
Activity based costing first assigns cost
1. What conceptual errors, if any, were made in preparing income statement above?
Period costs and product costs are separated in making the income statement; product cost
should not be under operating expenses of the Income Statement. Product costs like
A budget is a quantitative expression on a plan of action. Budgeting is a plan on how an
organization is going to obtain and use resources over a specific period of time. Budgeting is
necessary in planning and controlling. Planning is goal setti
Incremental Decision Making
Incremental decision making is technique used by managers to know the true
cost difference between alternatives. It is a process used to identify the financial
data that is relevant to the alternatives and financial data that c
1. This special form of payment is the conveyance of the ownership of a thing as accepted equivalent for
the performance of an obligation to pay money.
a) dation in payment or dacion en pago
c) tender of payment and consignation
b) assignment of pr
San Beda College of Law
OBLIGATIONS AND CONTRACTS
A juridical necessity to give, to do, or
not to do (Article 1156), one
impressed with the character of
a. juridical or leg
1.The following are the requisites of an obligation, except
Passive and active subject
2.The right of the creditor that is enforceable against a definite debtor is
CHAPTER 4: EXTINGUISHMENT OF OBLIGATIONS
Note: a person pays a pre-existing obligation. If no such obligation exists,
strictly speaking there is no payment
Obligations are extinguished:
(1) By payment or performance:
(2) By the loss of the th
Business Law Review
1. Which of the following is not an essential element of an obligation?
B. Efficient cause
2. A source of obligation not arising from law
A. Negotiorum gestio
C. Culpa aquiliana
1. When does a declaration of absence of a missing person take effect?
A. Immediately from the issuance of the declaration of absence.
B. 3 months after the publication of the declaration of absence.
C. 6 months after the publication of the decl
The kind of fruits derived by virtue of a juridical relation.
The act of depositing the thing or amount due, with the proper court when the creditor does not desire or cannot receive it.
A condition the fulfillment
DEL ROSARIO, RYAN J. L. | LLB-I EH-410 1
OBLIGATIONS AND CONTRACTS
PART I. OBLIGATIONS
1. Sam is obliged to give Ben on March 1, 2011 a particular parcel of land.
Which of the following statements below is correct?
a. The obligation to deliver arises upon
Obligation and Contracts MCQ (11-20)
11. Delay in the giving or delivering of a thing
a. Mora solvendi ex re
b. Mora solvendi ex persona
c. Mora accipiende ex re
d. Mora accipiende ex persona
12. Which of the following statements is false?
Obligations & Contracts
February 1, 2014
Instructions: Write your name on the blank provided above. Your answers should be written in your test
booklet in chronological order. If you want to erase your answer, simply place a