When Are Deeds Testamentary

It is no objection to a deed that it is used as a substitute for a will, to avoid the expense and delay of probate proceedings. The frequent litigation arising over such deeds, however, shows that this expedient is a* dangerous one unless the grantor uses great care to avoid certain snares and pitfalls which the law in its wisdom provides for the unwary. The grantor may attempt to accomplish his purpose either by express provisions embodied in the deed itself, or by external, collateral conditions, preserved by the delivery of the deed to a deposifory. This paper will consider how far the transfer of the title may be suspended by (1)\u27 internal, and (2) by external conditions precedent; and particularly how far extrinsic evidence of conditional delivery will be allowed to determine the estates which the instrument shall create and the contingencies upon which it shall become fully operative

The Role of Sustainable Local Food Among Tourism Stakeholders: A Comparative study in Vancouver, Canada and Christchurch, New Zealand

Local food is increasingly regarded as an element of sustainable tourism and hospitality. This study examines restaurant and chefs’ (tourism stakeholders) perceptions, motivations, and constraints in buying local food ingredients from local farmers’ market vendors on a study conducted in Vancouver, Canada and Christchurch, New Zealand. Semi-structured interviews were conducted with restaurants and chefs. The study identified that restaurants and chefs are most interested in perceived tangible benefit such as freshness, as well as more intangible motivations such as supporting local farmers and the local economy/community/businesses. However, they experienced challenges with purchasing. Based on the findings, strategies are posited for both restaurants and chefs and farmers (hereby farmers’ market vendors) to better serve foodservice establishments

Corporate Profitability and Competitive Circumstance

Among firms with income, profit on equity is generally greater for small firms than for large firms. The strong profit showing of small businesses is associated with higher sales/asset ratios than for large firms, higher debt/equity ratios, and higher realized losses. The authors conclude that differences in profitability among firms of different sizes are indicators of their differing competitive circumstances and of their differing contribution to industry development. These findings are based on cross-industry and intraindustry analysis of data from the Corporate Source Books of the Statistics of Income.