Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mark is a businessman who earns a substantial amount of income but does not pay taxes. His reasoning in not paying is that he does

Mark is a businessman who earns a substantial amount of income but does not pay taxes. His reasoning in not paying is that he does not consent to the obligation to pay taxes to the government. Is Mark correct? Why or why not?

 

2. Prince borrowed P10,000 from Harold. However, Prince does not pay and eventually, the obligation has prescribed. 1 month after the obligation was prescribed, Harold demanded Prince to pay the P10,000 loan. If you were Prince, will you pay the loan?

 

3. Michelle is obliged to deliver a specific mirror to Keith. On July 05, 2022, Keith demanded the delivery of the mirror, but Michelle did not comply. On July 10, 2022, the mirror was destroyed due to a fortuitous event. What are the remedies available to Keith?

 

 

here's the given reference for ALAC METHOD:

https://youtu.be/_Tn2koTjork

 

Note:

 -No legal basis outside oblivion
-No opinions
-the shorter the better

Step by Step Solution

3.38 Rating (130 Votes )

There are 3 Steps involved in it

Step: 1

1 No Mark is not correct Paying taxes is a legal obligation mandated by the ... blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Accounting questions