Question

In: Accounting

Please assist if familiar with the given scenario, thanks! Famous artists Georgia O'Keefe and Alfred Stieglitz...

Please assist if familiar with the given scenario, thanks!

Famous artists Georgia O'Keefe and Alfred Stieglitz donated 101 artworks to Fisk University in the 1940s. But the gift had two conditions: The pieces could not be sold and they had to be displayed as one collection. Over 50 years later, Fisk could not pay to maintain the collection and decided to sell two of the pieces. Proceeds of the sale would go to restore its endowment and build a new science building. The Georgia O'Keefe Foundation sued to stop the sale, arguing that the artists would have opposed it.

Should the law permit this sale?

Do you agree with Fisk's actions?

What duties do gift recipients have to donors?

What would Kant and Mill say?

Solutions

Expert Solution

Famous artists named GOK and AS given one zero one artworks to FS university in 1940's. the essential condition they place forth was, FS University isn't alleged to sell the artworks, and these one zero one artworks ought to be displayed as a set. once fifty years FS University set to sell 2 of the design items.

Gift generally is a person's can to transfer their own property to a different with none issues. In general, a present has no thought, and may be a unidirectional dealing. Here, renowned artists GOK, associated AS have given the item keeping an possession with themselves, i.e. limiting it with conditions. this kind of donations or gifts is thought as revocable gifts. So, law mustn't allow this sale.

According to philosophers KN and cubic centimetre, the duties of gift recipient towards donors ar kind of like that of a client. The duties or responsibilities ar as follows:

ought to establish whether or not the donor is meant to transfer title on property. ought to follow the instruction of the donor, as donating the property doesn't mean that if may be a gift. settle for a present deed only if assured to follow

-------------------------------

-------------------------------


Related Solutions

Please assist if familiar with economics. thanks. An equipment has an initial cost of $20,000 and...
Please assist if familiar with economics. thanks. An equipment has an initial cost of $20,000 and a useful life of 7 years. Each year the equipment decreases in value by 15%. The operating and maintenance cost is $1200 the first year and increases thereafter by $1000. Additionally, it has a breakdown cost of $2500 the first year and increases by $1500 henceforth. Create a table to display all necessary costs and show the annual marginal cost. Interest rate is 10%.
Please assist to explain the differences between a financial accountant and a management accountant Thanks you...
Please assist to explain the differences between a financial accountant and a management accountant Thanks you so much.
Please answer in (~250-300 words) Thanks in advance!!! The famous silent screen actor, Charlie Chaplin, was...
Please answer in (~250-300 words) Thanks in advance!!! The famous silent screen actor, Charlie Chaplin, was sued for paternity in the 1920’s. His defense lawyers used his and the baby’s blood types to show Charlie could not have been the father. Explain how this could have been done considering the only tests that were available at that time where blood type, A, B, O and the Rhesus factor, + or -.
Could someone please assist me with the following: Thanks! Briefly describe the burden of non-communicable diseases...
Could someone please assist me with the following: Thanks! Briefly describe the burden of non-communicable diseases (NCD) on mortality and morbidity in the United States currently. What are the necessary criteria needed for a sound screening program?
Given each scenario do the following: (1) identify the appropriate graph you would use to assist...
Given each scenario do the following: (1) identify the appropriate graph you would use to assist you in finding out the information (2) state whether the data are qualitative or quantitative (3) If qualitative-identify as ordinal or nominal, if quantitative—identify as ratio or interval SCENARIOS: a) A poll of 200 undergraduates was taken. The respondents were asked to list all the modes of transportation used going from their home to campus. b) Is the correlation between daily outside temperature and...
Given each scenario do the following: (1) identify the appropriate graph you would use to assist...
Given each scenario do the following: (1) identify the appropriate graph you would use to assist you in finding out the information (2) state whether the data are qualitative or quantitative (3) If qualitative-identify as ordinal or nominal, if quantitative—identify as ratio or interval SCENARIOS: a) A poll of 200 undergraduates was taken. The respondents were asked to list all the modes of transportation used going from their home to campus. b) Is the correlation between daily outside temperature and...
Simulation (Please read the scenario before answering the question. Also type your answer thanks) This is...
Simulation (Please read the scenario before answering the question. Also type your answer thanks) This is Becky, the nurse in the emergency Department. I am caring for Robert jones a 60-year-old African- American male. We admitted him at at 4:30   this morning. He reported increased shortness of breath and weakness.    His vitals were: blood pressure 80 over 62, R 30 pulse 164 and in a-fib. We gave him a 1000 milliliter bolus of sodium chloride to bring his blood pressure....
Please answer the following using the information given, Thanks! Introduction: The Nimble Storage is a hybrid...
Please answer the following using the information given, Thanks! Introduction: The Nimble Storage is a hybrid growing data storage System Company situated in Silicon Valley. The CEO of the company is Suresh Vasudevan, and the Vice President of the HR department is Paul Whitney. The company's purpose of developing the hybrid system, which is used in flash memory (It is a storage memory that leads to rapid access to random data) and hard disk to increase the performance of the...
Please show all work and formulas used. Thanks! The following data are given for an activated...
Please show all work and formulas used. Thanks! The following data are given for an activated sludge process: Q = 5 MGD BOD5 (influent) = 250 mg/L (soluble) BOD5 (effluent) = 20 mg/L (soluble) MCRT = 10 days MLSS in the aeration tank = 2500 mg/L Concentration of SS in the recycle line = 10,000 mg/L Concentration of SS in the effluent = 30 mg/L (70% biodegradable) BOD5/BODu = 0.75, No nutrient limitations. Yield co-efficient, Y = 0.65 Endogenouse decay...
Please someone assist me with the following problem please! 5. K-nearest-neighbor Given the training data set...
Please someone assist me with the following problem please! 5. K-nearest-neighbor Given the training data set shown below Sample x Y Label? 1 1 5 Yes 2 2 4 Yes 3 3 2 No 4 0 1 Yes 5 5 5 No 6 4 4 No Predict the label for a sample, [2, 2] by using 1) 1-nearest neighbor. Show steps. 2) 3-nearest neighbor. Show steps. 6. K-means Given six data points, X1: (1, 1) X2: (5, 5) X3: (1,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT