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Articles 1 - 3 of 3
Full-Text Articles in Law
Debt, Accelerated Depreciation, And The Tale Of A Teakettle: Tax Shelter Abuse Reconsidered, Theodore S. Sims
Debt, Accelerated Depreciation, And The Tale Of A Teakettle: Tax Shelter Abuse Reconsidered, Theodore S. Sims
Faculty Scholarship
For more than thirty years a consuming preoccupation of the income tax has been the control of "tax sheltered" investments. Of most widespread concern have been acquisitions, financed by debt, of assets that enjoy some sort of "tax-preferred" treatment, most commonly some advantageous form of depreciation. Tax-favored treatment has been conferred on many productive assets through deliberate congressional action. Nevertheless, debt-financed acquisitions of those very same assets have been regarded as exploiting the available tax benefits in ways that seemed "abusive" and have widely been regarded as "bad." This perplexing, fundamentally self-contradictory state of affairs has levied constant demands on …
Arkansas's Revised Article 3: User Caution Advised!!, Sarah Howard Jenkins
Arkansas's Revised Article 3: User Caution Advised!!, Sarah Howard Jenkins
Faculty Scholarship
No abstract provided.
Decoupling Sales Law From The Acceptance-Rejection Fulcrum, Jody S. Kraus
Decoupling Sales Law From The Acceptance-Rejection Fulcrum, Jody S. Kraus
Faculty Scholarship
The determination of whether the buyer has accepted or rejected goods provides the sales law solution to the problems of allocating burden of proof, assigning duties to salvage goods in failed transactions, and reducing systematic undercompensation. But one doctrine is unlikely to provide the best solution to each of these distinct problems. Decoupling the rules addressing burden of proof, salvage, and undercompensation from the doctrines of acceptance and rejection, and thus from one another, would significantly improve sales law.
This strategy has a distinguished precedent in the history of sales law. Karl Llewellyn based his objection to the doctrine of …