What can we do to back out of a vacant land sale because of loss of a job? There was no mortgage contingency.
Q. We were going to purchase this with cash monies but my husband has now lost his job. We so far have paid for the perk testing($850) and septic permit($350) and have a $500 deposit on this property.
Asked by pamomof4 - Mon Jul 3 15:28:25 2006 - - 4 Answers - 0 Comments

A. Sounds like you have lost all of your deposits to me. With no mortgage or home inspection contingencies to use as an excuse to get out of the contract it does sound like you will be in default of the contract. Read the fine print and see if there is a way for you to walk away. With cash deals, especially on land...I think you better consult an attorney. It might cost you a bit of money to hire the lawyer but in the long run, it will work out to be alot less if he or she helps you walk away from the deal.
Answered by T - Mon Jul 3 17:21:35 2006

Orange Co. can estimate the amount of loss that will occur if a foreign government expropriates?
Q. Orange Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's asset in that country. If expropriation is reasonably possible, a loss contingency should be A. Disclosed but not accrued as a liability. B. Disclosed and accrued as a liability C. Accrued as liability but not disclosed. D. Neither accrued as a liability nor disclosed.
Asked by Robert C - Wed Jul 29 14:33:03 2009 - - 1 Answers - 0 Comments

A. There's a pretty fine line between 'reasonably possible' and 'probable'. This one is up to the judgment of the accountant. I'd personally go with A. Disclosed but not accrued as a liability.
Answered by capwest5a - Wed Jul 29 14:51:51 2009

Blue Co. can estimate the amount of loss that will occur if a foreign government expropriates?
Q. Blue Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in that country. If the likelihood of expropriation is remote, a loss contingency should be A. Disclosed but not accrued as a liability. B. Disclosed and accrued as a liability C. Accrued as liability but not disclosed. D. Neither accrued as a liability nor disclosed.
Asked by Robert C - Wed Jul 29 14:32:37 2009 - - 1 Answers - 0 Comments

A. no cheating. do your own work for your test. and stop posting this question with different colors.
Answered by sattp - Wed Jul 29 14:39:23 2009

what the different between: liability, current liability, liabilities Contingencies, loss Contingencies?
Q. what the different between: liability, current liability, liabilities Contingencies, loss Contingencies?
Asked by Dsalah s - Thu May 15 12:10:56 2008 - - 2 Answers - 0 Comments

A. In financial accounting, a liability is defined as an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.individual or group must adopt corporate charter and file it with the state. A contingent liability is a potential liability it depends on a future event occurring or not occurring. loss contingencies are posting of a future loss that may result from some event or happening (e.g., probable damages from a lawsuit). Loss contingencies that are probable should be booked by a charge to the loss account and a credit to the estimated liability.
Answered by Kat M - Thu May 15 12:20:40 2008

WHere does one find a good Contingency Lawyer in the UK or USA?
Q. If a vendor has categorical documented proof of unprofessional conduct and gross ineptitude, in the mishandling of a major artwork by certain Auction houses and so called art experts - can the vendor a pensioner who has incurred a huge loss as a result of their ineptitude sue for damages on a contingency basis?
Asked by jiggs41 - Sat Jul 18 06:40:36 2009 - - 1 Answers - 0 Comments
How can you care about health care costs and support John Edwards?
Q. For those of you who are unaware, John Edwards is a predator, he and his fellow trial laywers prey on the medical community, feasting on contingency awards of 30% - 40%. Doctors, hospitals, nursing homes and the entire medical community pay excessive insurance costs to protect themselves from personal injury lawyers. Insurance companies and drug companies are besieged by these cretins, passing on the expense to the consumer. With jury awards looking like lotto pay-offs, is it any wonder how predators like Edwards, are gazillionaires, as a result? For those of you who have had needless cesarians, thank John Edwards. Democrats fight tort reform and don't want you to know that the USA is the ONLY country in the world where you can… [cont.]
Asked by slappyjk - Mon Aug 20 09:35:42 2007 - - 5 Answers - 0 Comments

A. Good point! And I would argue that some of the problems we have regarding affordable health care are due to some wrongheaded government regulations. I can't see how having the government get much MORE involved would improve things. Just the opposite.
Answered by A concerned AMERICAN - Mon Aug 20 09:44:02 2007

Worrying about loss of GPS?
Q. Do airlines, shipping companies and other bodies have contingency plans in case global positioning systems (GPSs) are rendered unusable by terrorists?
Asked by Willster - Sun Dec 23 17:13:36 2007 - - 8 Answers - 0 Comments

A. The GPS (Global Positioning Satellite) system, established and maintained by the US Air Force, uses an array of 24 satellites, positioned in geostationary orbits around the world. It is highly unlikely that terrorists could knock out the entire system at any one time. Even if a major catastrophe could knock out several of the satellites, airplanes could still navigate by radio signals from hundreds of ground stations established for that purpose, or even by the old tried and true method of navigating by maps and compass.
Answered by JetDoc - Sun Dec 23 18:36:50 2007

Evaluate the asset, debt, and equity structure of Lucent Technologies?
Q. Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions ( INS ), Mobility Solutions ( Mobility ) and Lucent Worldwide Services ( Services ). INS… [cont.]
Asked by heatherw - Sat Oct 31 15:03:32 2009 - - 1 Answers - 0 Comments

A. I hope you find the notes attached useful.
Answered by Sandy - Sun Nov 1 01:00:58 2009

How will you spend your last day?"?
Q. "Suppose you learn today that you have only one more day to live; you'll die tomorrow. How will you spend your last day?" This interview question was posed long before the age of mass media. The interviewer approached prominent scholars and people known for their virtuous lives with the idea that he would compile their answers in a book. Such a book would provide the readers with inspiration for the most important virtues. But the most inspiring response came from the person who did not provide a wish list of virtuous deeds. He was the great muhaddith Abdur Rahman ibn abi Na'um and he replied: "There is nothing that I could change in my daily schedule learning that it is my last day. I already spend everyday in my life as if it is… [cont.]
Asked by muslim-doctor - Sat Sep 8 21:20:20 2007 - - 2 Answers - 0 Comments

A. i would repent for my sins.
Answered by Al Qiyamah{top lawyer inshAllah} - Mon Sep 10 20:20:10 2007

Calling ALL grammar freaks!!?
Q. I am writing a professional demand letter, and would really like to know if it makes sense to you. Any suggestions would be very much appreciated! Thank you so much in advance! Is contingencies used in the proper context, or no? Please correct as you see fit! Dear So & So, I am writing concerning the amount of $000.00 which is owed to me. This amount is correlative to the following: - Under the contingencies of no break relief; I demand payment in the amount of $000.00 in reference to: California Labor Code Section 226.7. - " " mileage for business trip to { } in the amount of $000.00 (000 miles total at $0.485 per mile.) In reference to: California Labor Code Section 2802. - Under the contingencies of loss wages for business trip… [cont.]
Asked by Haunted - Sat Oct 27 11:03:27 2007 - - 6 Answers - 0 Comments

A. It looks pretty good. You can use contingencies or you can substitute "Due to circumstances of"--contingencies usually means no one meant for it to happen, but it did. On your added details, you wimped out with the "may". It implies that you aren't really serious, go with "will". It wouldn't hurt to cc to a lawyer. I'm not saying you actually have to send the carbon copy to the lawyer, but make them think you did. Additional: Instead of using "is correlative" just use "relates". Also anywhere you have "demand" just "ask".
Answered by sursumcorda - Sat Oct 27 11:14:44 2007

HELP! Accounting Question ???
Q. When faced with lawsuits, many companies recognize a loss and therefore credit a liability or reserve account for any future losses that may result. For instance, in the famous worldcom case, Citibank, the world's largest financial services firm, announced that it was setting up reserves or liabilities of $5.6 billion in connection with pending lawsuits related to its relationship with WorldCom. Are these lawsuits contingent liabilities? Using the two criteria established by the FASB for recording a contingency, what conditions must exist for Citibank to record these lawsuits when they have not yet been heard in court?
Asked by bj_osterhout - Wed Apr 25 02:19:37 2007 - - 2 Answers - 0 Comments

A. Yes, they are contingent liabilities because they are contingent on another event. For Citibank to record these liabilities, the event of them losing the lawsuit must be probable and the amount reasonably estimated. I hope that helps! I'm taking accounting this semester too and we just covered liabilities.
Answered by Nicola C - Wed Apr 25 02:28:18 2007

help with 6 questions please!?
Q. If the operation of an intragovernmental service fund results in a loss, the loss will be covered by A.the general fund B.future profits C.a special assessment D.contingency reserves A transaction in which a minicipality issues general obligation serial bonds to finance the construction of a fire station reuires accounting recognition in the A.special revenue fund and enterprise fund B.capital projects fund and the enterprise fund C.capital projects fund and the general long-term debt group of accounts D. special revenue fund and the general long-term debt group of accounts. In order to control restricted resources, a not-for-profit organization establishes a fund which is A.a special investment of restricted contributions B.an… [cont.]
Asked by I don't know - Tue Dec 23 20:26:10 2008 - - 1 Answers - 0 Comments
Suppose you learn today that you have only one more day to live; you'll die tomorrow. How will you spend your
Q. Suppose you learn today that you have only one more day to live; you'll die tomorrow. How will you spend your last day?" This interview question was posed long before the age of mass media. The interviewer approached prominent scholars and people known for their virtuous lives with the idea that he would compile their answers in a book. Such a book would provide the readers with inspiration for the most important virtues. But the most inspiring response came from the person who did not provide a wish list of virtuous deeds. He was the great muhaddith Abdur Rahman ibn abi Na'um and he replied: "There is nothing that I could change in my daily schedule learning that it is my last day. I already spend everyday in my life as if it is… [cont.]
Asked by muslim-doctor - Sat Oct 27 22:27:05 2007 - - 5 Answers - 0 Comments

A. what a long question!!! well,it's very stressing when you know that in the next 24 hours you will have the last chance to laugh,cry,see with your eyes,or even cry with tears. and its your last day to feel anything at all. you'll be only a dead body,with no feelings.like any other solid thing. so there will be huge stress on you,and only few people can think CLEARLY then. but if i'm one of them,do you know what would i do? no doubt... i will pray for ALLAH-SWT-to forgive me for all my sins. and forgive me for everything good i had the opportunity to accomplish ,but i ignored it. i'll ask him to forgive me for any time that i had wasted. and i'll pray for him to forgive my parents,family and all muslims and take a good care of the,and to… [cont.]
Answered by passionate - Sun Oct 28 07:52:16 2007

Canceling a Listing/Leasing with an option to Buy?
Q. Our house ben on the market for a year. Our first real offer was under contingancy . By the end of the contingency they still hadent sold there house. The buyer in the contingency came to us one on one and wanted to know about leasing with an option to buy. I agreed but said i had to wasit tille my contract with my realitor ran out, approximatly two weeks later. I haden't planned on re-sighing with her even before his offer. It was all set and "1 DAY " before the contract ended she had an offer. I advised the other guy that i had to take the offer but if anything changed i would tell him. We where all suspicouse of this last minuet offer but the realitor assured me it was legit. Well two weeks later i havent accepted the pffer becuase at… [cont.]
Asked by ditchcrikets - Fri Jan 25 23:42:43 2008 - - 2 Answers - 0 Comments

A. I would call the Broker (the realtors boss) and have him intervene.
Answered by kes_12 - Fri Jan 25 23:47:33 2008

what type of lawyer would handle a claim against a homeowners insurance co, for a claim that was denied.?
Q. We had a loss at our new home under construction. Under "insured location" in our policy, it clearly spells out a definition as a residence under construction to be used as a primary residence for the insured, which this was. But the insurance co comes back with a denial, saying that it is not the "intent" of the policy to cover such a loss. I have been over and over the policy, and I feel sure that if sued, they would cover, but as we don't have the cash up front, we would like a lawyer that would take it on contingency. the loss was wind damage. We are doing the work ourselves, little by little, so no contractor, and the policy speciffically says that it is an insured location. The only part of the policy they quoted was coverage for… [cont.]
Asked by nymetz5003 - Tue Jun 24 19:33:39 2008 - - 5 Answers - 0 Comments

A. OK, You can't make a homeowners policy into a builder's risk policy, by putting in the "insured location" that it's under construction. Crucial question - was there a builder'S risk endorsement on this policy? If not, it's not covered, while under construction, regardless of the "name" of the location. Your lawsuit isn't with the company - it's with the AGENT that wrote this policy. This is CLEARLY an errors and ommissions suit. Many times, you CAN write a homeowners policy, WITH a builder's risk endorsement, for up to a year, for a house under construction. So if the policy was written on a standard homeowners without that endorsement, the agent screwed up. Clearly. The dec page SAYS they screwed up, by putting in that… [cont.]
Answered by mbrcatz - Tue Jun 24 23:25:01 2008

Is this the only kind of tax break we can expect from Democrats?
Q. Under current tax law, expenses incurred by plaintiffs lawyers working on contingency are considered loans to the client. If the plaintiff wins the case, he pays his lawyer back out of the award. If he loses, the lawyer deducts the loss from his taxes in the year the case is resolved. Under the proposed change, the lawyer would get the deduction right away. Presumably if the client ultimately reimburses him, he would pay taxes then--which means this effectively amounts to an interest-free government loan for trial lawyers. Legal Newswire notes that this tax break for ambulance chasers has the support of Senate Majority Leader Harry Reid, D-Nev., Senate Finance Committee Chairman Max Baucus, D-Mont., and House Speaker Nancy Pelosi, D-Ca [cont.]
Asked by Poke_the_Bear - Sat Aug 1 21:24:45 2009 - - 4 Answers - 0 Comments

A. just go to opensecrets;org and you can find out which ones are bought and by which lobbyists. For instance, Sen. Chris Dodd (hope he gets well quick) has pulled in abut $5 million in the last four years from the financial and insurance people. So were you really surprised when he first said he didn't know anything about the millions in bonuses and then the next day said it slipped his mind. So the ones that take the most and are n bed with these lobbyists and who they represent should by law not be able to serve on said committee. It's interesting that the trail attorneys took a hit here in my state adn in others and now they are getting back in the fold. Take care.
Answered by R J - Sat Aug 1 21:43:04 2009

Would Clinton as VP mean BHO gets added to the "disappearing Clinton-associates" list, and galvanizes Reps?
Q. Most voters look at a VP as a contingency candidate if the president were to die. However the president has to look at the VP and wonder what will happen if they don't die! :-) Imagine, the Clintons down the hall with all their loyalistas still plotting over the presidency and festering over their loss. Barry wouldn't be able to "partake" without wondering if things had been doctored. The Clintons have their "ways". What do you think? Who knows if all those people who disappeared aren't just going to reemerge some day and say "surprise!!!" we were alive the whole time. LOL
Asked by snooookums - Fri Jun 6 23:18:26 2008 - - 5 Answers - 0 Comments

A. If Hillary became the VP, I think there is a very strong chance that it could happen.
Answered by Mr. Charles - Fri Jun 6 23:26:42 2008

Lucent Technologies Case?
Q. Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions ( INS ), Mobility Solutions ( Mobility ) and Lucent Worldwide Services ( Services ). INS… [cont.]
Asked by ray H - Mon Sep 15 20:36:59 2008 - - 1 Answers - 0 Comments

A. Hello on this page you get the solution for your problem! I hope this helps you.
Answered by ue - Fri Sep 19 13:51:08 2008

poem or song or something?
Q. Into the blaze Man in the corner seems to be crazed Unfazed by the threats posed from above Can't realize the loss of your eyes The Fear to lose you ears is what your waiting to hear Trying to heal the people around you The environment too Who do you think your trying to fool the tools you use to pretend to care The people you meet and the clothes you wear Impotent deviancies dominating enjoyment evadeing such contingencies like insolence and hate Rejection of redemption and laid back creation indulgence induced by inferior reactions Art-like display of generous distruction Chymerical worries like similar assimilation Erradicated jeers pertaining to any infection evicted from any sense of belief or direction
Asked by Do I look Like I'm Joking - Wed Aug 8 16:14:50 2007 - - 1 Answers - 0 Comments

A. whether it's poetry or a song, it IS sad. p.s. why didn't you use the spell checker before submitting?
Answered by anigma - Wed Aug 8 16:21:41 2007

pearl harbor 2 page essay help!!?
Q. i'm doing a 2 page essay on pearl harbor..so far i have this..what more can i add?? The Japanese surprise attack on the U.S. Navy's base at Pearl Harbor and on Oahu in the Hawaiian Islands on Sunday morning, 7 December 1941, destroyed much of the American Pacific Fleet and brought the United States into World War II. What President Franklin D. Roosevelt called a day which will live in infamy led Congress to declare war on Japan on 8 December. The United States was at peace with that nation and, at the solicitation of Japan, was still in conversation with its Government and its Emperor looking toward the maintenance of peace in the Pacific. Franklin D. Roosevelt knew this, and knew the only way in which United States countrymen… [cont.]
Asked by Netty (: - Fri Jan 4 16:01:39 2008 - - 6 Answers - 0 Comments

A. Sounds good to me.
Answered by Eco Simpson Rock & Roller - Fri Jan 4 16:15:17 2008

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