No Land Grab: Forest City in the News
The company, which is developing the mixed-use waterfront development The Yards in Southeast D.C., announced a month ago that it would advise D.C. on another major Southeast property on the Anacostia River, Poplar Point. … read more…
HOME: The Sesan Krom II Hydro-Electric Dam Affects Nine Villages …
“Phnom Penh: The Sesan Krom II hydro-electric dam in Phluk village along the Sesan River in Stung Treng, to be constructed with a height of 75 meters from the bottom of the river, with resulting lake having a total length of more … “Mr. Tonn Kunthel added that ‘the 75-meter-heigh dam will submerge farm land of more than 30000 hectares of the community and the National Road 13 from Stung Treng to Ratanakiri, worrying minority people who live along the Srae Pok River.’ … read more…
Tahlequah Daily Press – Meth use on river sparks charges for trio
Inspector/Sorters needed to load and unload materials for processing. Inspect & sort for storage or transport. May drive…>MORE. Help Wanted Fundraising director. Nationwide co. Call Directors and owners to help them raise money. … 100% Government loans: Zero down if you own land or still owe on your land. Brick skirting, porches, driveways, gutters …>MORE. House for Rent Cookson 2000sf Log house available 9-1-09 918-931-1126 …>MORE. Automobiles For Sale … read more…
From Google Blog Search
Marine Corps Air Facility Quantico
Marine Corps Air Facility Quantico (MCAF Quantico) (ICAO: KNYG, FAA LID: NYG) is a United States Marine Corps airfield established inside Marine Corps Base Quantico, Virginia. … read more…
Wildlife on Exmoor
With varied areas of habitats from moorland to pockets of oak woodland the area boasts a wealth of wildlife. This wilderness is the remnants of the Royal Forest and offers a refuge for the… read more…
History and Craftsmanship of Montegrappa Pens
HISTORY
Montegrappa manufacture since 1912 stands in the same historic building on the bank of the River Brenta, in one of the most picturesque areas of the historic town of Bassano del Grappa in the… read more…
From GoArticles.com
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Industrial businesses say Cobb River Line plan will hurt them (Atlanta Journal-Constitution)
Industrial businesses say Cobb River Line plan will hurt them read more…
Land deal protects 13 scenic acres in Cold Spring (Mid-Hudson News)
COLD SPRING – Scenic Hudson has purchased 13 acres next to its West Point Foundry Preserve. One of the largest primarily undeveloped parcels in the village, the hilltop property features a mix of lawn and woodlands overlooking Foundry Cove, a destination for kayakers and bird watchers. read more…
Drilling in prime elk area reviewed (The Gillette News-Record)
The decision to allow drilling in the Fortification Creek will get a closer look by the state. The Bureau of Land Management Buffalo Field Office decided in July to allow Lance Oil & Gas Co. Inc., a subsidiary of Anadarko Petroleum, to drill in the area along the Campbell and Johnson County border. read more…
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Voting Question: What is the Procedural history of St. Paul Fire and Marine Insurance Co. v. Toman?
I am trying to get into insurance sales and I was asked this question by a potential employer after I read a short briefing on the case. I don’t think I don’t think I got it right. Just wondering if I might of said the right thing or not.
Here is the case for quick reference:
Supreme Court of South Dakota.
ST. PAUL FIRE AND MARINE INSURANCE COMPANY, Plaintiff and Appellant,
v.
James T. TOMAN, Defendant and Appellee,
and
Van Collins, Defendant.
No. 14301.
Argued March 20, 1984.
Decided July 3, 1984.
Following filing of claim by insured for fire loss under a valued policy, insurer filed declaratory judgment action, asserting that insured had no insurable interest in house at time of fire. The Circuit Court, Sixth Judicial Circuit, Tripp County, Marvin S. Talbott, J., entered judgment in favor of insured, and insurer appealed. The Supreme Court, Hertz, Circuit Judge, held that: (1) though auctioneer was insured seller’s agent in auction of house which was to be removed from his farmstead, this did not establish authorization to execute instrument of conveyance on behalf of insured; (2) sale of the house was not a sale of an interest in land, and thus provisions of the Uniform Vendor and Purchaser Risk Act did not apply; (3) insured seller retained an insurable interest in the house after auction sale but before it was removed; and (4) insured was entitled to prejudgment interest only from the date of refusal of claim and not from date of fire.
Affirmed, with modification as to prejudgment interest.
West Headnotes
[1] Auctions and Auctioneers 6
47k6 Most Cited Cases
Auctioneer and clerk were agents of seller for purposes of selling his property at public auction sale.
[2] Auctions and Auctioneers 6
47k6 Most Cited Cases
Fact that auctioneer was seller’s agent in selling at public auction a house which was to be removed from seller’s farmstead did not establish that auctioneer was authorized to execute an instrument of conveyance on behalf of seller. SDCL 43-25-1, 59-8-1.
[3] Insurance 1790(5)
217k1790(5) Most Cited Cases
(Formerly 217k115(6))
Provisions of the Uniform Vendor and Purchaser Risk Act were not applicable to determine whether seller of house which was to be removed from his farmstead had an insurable interest therein after auction sale and before removal, since sale of the house was not the sale of an interest in land. SDCL 43-26-7.
[4] Property 4
315k4 Most Cited Cases
Sale at public auction of house which was to be removed from seller’s homestead was not the sale of an interest in land. SDCL 57A-2-107(2).
[5] Insurance 1790(5)
217k1790(5) Most Cited Cases
(Formerly 217k115(6))
Seller of house which was to be removed from his farmstead had insurable interest therein, after auction sale but before the house had been removed, where buyer knew that seller was occupying the house at least on a part-time basis and that removal of house would have to be negotiated with seller. SDCL 57A-2-104(1), 57A-2-107(2), 57A-2-501(2), 57A-2-509(3), 58- 10-8.
[6] Interest 39(2.35)
219k39(2.35) Most Cited Cases
(Formerly 219k39(2))
Insured was entitled to prejudgment interest on claim for fire loss under a valued policy only from the date of refusal of the claim, and not from date of fire, absent showing that insurer was dilatory in conducting an investigation of claim, and absent other evidence upon refusal of claim, date of refusal would be fixed on date that summons and complaint in insurer’s declaratory action was served on insured.
*147 Michael L. Luce of Davenport, Evans, Hurwitz & Smith, Sioux Falls, for plaintiff and appellant; Carleton R. Hoy of Davenport, Evans, Hurwitz & Smith, Sioux Falls, on brief.
Mark F. Marshall of Bangs, McCullen, Butler, Foye & Simmons, Rapid City, for defendant and appellee; Joseph M. Butler of Bangs, McCullen, Butler, Foye & Simmons, Rapid City, and Michael Strain, White River, on brief.
HERTZ, Circuit Judge.
Plaintiff-appellant St. Paul Fire and Marine Insurance Co., (Insurer) appeals from a declaratory judgment in favor of the defendant-appellee, James T. Toman (Toman). The judgment awarded Toman $28,000.00 under a valued policy issued by the insurer, together with prejudgment interest computed from September 26, 1981, the date of the fire. Insurer claims the trial court erred in the awarded judgment, and in the prejudgment interest calculation. We affirm, and modify the prejudgment interest award.
In a newspaper display advertisement Toman advertised his public auction for September 23, 1981. Among the items listed for sale was a 24 foot by 40 foot house which was to be removed from Toman’s farmstead. Prior to the auction sale, the auctioneer announced that the house had to be removed under terms negotiated by the buyer and Toman.
Van Collins was the successful bidder at the sale. He purchased the residence for $3,250.00, and issued his check to the auctioneer f
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Resolved Question: How embarrasing is this ?
Hi,
Myself and others do parchute jumps for charitable events around SE England.
We are far from the RAF “Red Devils”, but usually put on a bit of a smoke canister display into town fetes, civic events, local small club events etc.
Anything as long as it is safe and raises some charitable cash.
So imagine my embarrasment after speaking to the co-ordiators of a steam fair rall that we would land in the main arene at exactly 2pm., then I pitch up about 10 minutes later, soggy ‘chute over my shoulder after coming down in the local river.
I don’t really know what went wrong, it was a sudden cross-wind that I couldn’t steer against I think.
But rather than go away and hide, I managed to walk into the arena and apologise to the crowd for a bad show.
How embarrasing is that ?
I’m sure that you have worse, which you may or may not care to relate ……..
Bob
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Resolved Question: accounting help please?
1. Which of the following should be included in the acquisition cost of a piece of equipment?
a. transportation costs
b. installation costs
c. testing costs prior to placing the equipment into production
d. all are correct
2. Which of the following is included in the cost of land?
a. cost of paving a parking lot
b. brokerage commission
c. outdoor parking lot lighting attached to the land
d. fences on the land
3.Accumulated Depreciation
a. is used to show the amount of cost expiration of intangibles
b. is the same as Depreciation Expense
c. is a contra asset account
d. is used to show the amount of cost expiration of natural resources
4.A capital expenditure results in a debit to
a. an expense account
b. a capital account
c. a liability account
d. an asset account
5.The calculation for annual depreciation using the straight-line depreciation method is
a. initial cost / estimated useful life
b. depreciable cost / estimated useful life
c. depreciable cost * estimated useful life
d. initial cost * estimated useful life
6. Which of the following is true?
a. If using the double-declining-balance the total amount of depreciation expense during the life of the asset will be the highest.
b. If using the units-of-production method, it is possible to depreciate more than the depreciable cost.
c. If using the straight line method, the amount of depreciation expense during the first year is higher than that of the double-declining-balance.
d. Regardless of the depreciation method, the amount of total depreciation expense during the life of the asset will be the same.
7. Chu Co. issued a $50,000, 60-day, discounted note to River City Bank. The discount rate is 6%. The cash proceeds to Chu Co. are a. $50,500
b. $50,250
c. $49,500
d. $50,250
8. The journal entry a company uses to record the issuance of a discounted note for the purpose of borrowing funds for the business is a. debit Cash and Interest Expense; credit Notes Payable
b. debit Cash and Interest Payable; credit Notes Payable
c. debit Accounts Payable; credit Notes Payable
d. debit Notes Payable; credit Cash
9. Current liabilities are due
a. and receivable within one year.
b. but not receivable for more than one year.
c. but not payable for more than one year.
d. and payable within one year.
10. Current liabilities are:
a. due and receivable within one year.
b. due and to be paid out of current assets within one year.
c. due, but not payable for more than one year.
d. payable if a possible subsequent event occurs.
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