In: Accounting
1. Mr. Andrews owns a successful restaurant that employs 105 people. Mr. Andrews enjoys weight lifting, and he adopts a policy of only hiring people who can bench press 150 pounds. Is the policy legally permissible? Four sentences
2. If Smith and Jones own real property as co-owners and Smith dies, what determines whether Smith has the right to transfer Smith's interest in the property to his or her child by inheritance.
3. Smith has a contract to purchase land and a building from Jones. How can Smith assure herself that Jones is the current owner of the property? Assuming that Jones is the owner, how will Jones transfer ownership of the property to Smith? 4 Sentences
1) No, The policy Mr Andrews is adopting is not legal because as per law Several non-job-related factors are protected by law, including race, age, gender, ethnicity, appearance and disability. Because many of these protected factors tend to overlap with physical attractiveness or personal appearance, employers need to tread cautiously. Mr. Andrews Business does not require people who needs to do weight lifting so he will bot be able to explain his hiring policy and might suffer a lawsuit for wrongful hiring policies.
2) The title of partnership will decide whether Smith has the right to transfer Smith's interest in the property to his or her child by inheritance. If it is a Joint Ownership With Rights of Survivorship then the surviving owner or owners continue to own the property after one owner dies, inheriting the deceased's share by operation of law. However, if it was a Joint ownership without rights of survivorship is typically referred to as owning the property as "tenants in common." Smith can pass his share to beneficiaries under the terms of his wills or other estate plans. Probate would be necessary to transfer the assets
3)It is crucial to check whether the seller is the true owner of the property. The buyer should seek clear ownership history if the property has changed hands multiple times. The registrar will establish the authenticity of the ownership documents. An owner can transfer his property by gifting or selling it. A sale deed, or any document through which the ownership rights are transferred, is a document that gives evidence of an individual's ownership of a property