Rethinking responsibility

Article Abstract:

"Responsibility" is present in the name of the ABA Section of Individual Rights and Responsibilities to indicate that civic responsibility is as central to the organization's mission as is the protection of civil rights. Some members of the Section disapprove of the term "responsibility" because it has been co-opted by conservatives, but social responsibility is the reason that attorneys participate in Section activities. Individual liberties are only meaningful when they co-exist with a commitment to civic participation and community development.

Social aspects, United States, Political activity, Beliefs, opinions and attitudes, Civil rights, Public interest law, A.B.A. Section of Individual Rights and Responsibilities

---

Nontaxable purchase-price reduction versus taxable disposition - the interplay between Sections 108(e)(5) and 453B(f)

Article Abstract:

IRC Sections 108(e)(5) and 453B(f) affect the tax liability of buyers of property in contradictory ways. Section 108(e)(5) classifies the lessening of a buyer's liability as a nontaxable purchase-price reduction, while Section 453B(f) regards the reduction as a taxable disposing of indebtedness. Hence the tax liability of the obligor and obligee of a transaction will differ depending on which section is enforced. The obligor and obligee's relationship is one useful criterion for deciding which section to apply.

Purchasing, Interpretation and construction, Taxation, Tax law, Property acquisition

---

Heaven on ice

Article Abstract:

A pond hockey enthusiast describes his dream of a resort devoted to playing pond hockey. He believes that it is the people involved rather than the caliber of play that make a pond hockey game memorable.

Appreciation, Recreation, Hockey, Ponds

Similar abstracts:

• Abstracts: Whatever's on hand. Offender screening
• Abstracts: Aerating ponds. Exhibition
• Abstracts: Going once, going twice. Systematic, idiosyncratic reaching errors
• Abstracts: Therman Statom: Northern Tide. The academic consultant
• Abstracts: A feast of lights. Behind the Laplace transform

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.