GBU 204 Final
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5 protected classes
- National Origin
A bundle of rights, in relation to others, to possess, use, and dispose of a tangible or intangible object
3 types of property
- Real property
- Personal property
- Intellectual property
An item that is initially a piece of personal property but is later attached permanently to the realty and is treated as a part of the realty.
Land and everything permanently attached to it.
Right to own and possess the land against all others, without conditions. Most all-encompassing interest. Right to possess for life and to devise to heirs upon death.
Fee Simple Absolute
Right to own and possess the land, subject to a condition whose happening (or nonhappening) will terminate the estate.
The right to own and possess the land until one dies; subject to restriction against waste.
Right to possess property for an agreed-upon period of time
An irrevocable right to use some portion of another's land for a specific purpose.
Form of co-ownership of real property in which owners may have equal or unequal shares of the property, may sell their shares without the consent of the other owners, and may have their interest attached by creditors.
Tenancy in common
Form of co-ownership of real property in which all owners have equal shares in the property, may sell their shares without the consent of the other owners, and may have their interest attached by creditors.
Acquiring ownership of realty by openly treating it as one's own, with neither protest nor permission from the real owner, for a statutorily established period of time.
3 requirements to claim Worker's Compensation
- Employee; not independent contractor
- Claimant and employer are covered by the stae worker's comp statute
- Injury occurred on the job and while acting within the scope of employment
Federal Unemployment Tax Act
Family and Medical Leave Act
FMLA provides up to how many weeks of leave? Paid or unpaid?
Occupational Safety and Health Act
A regulatory act designed to provide a workplace free from recognized hazards that are likely to cause death or serious harm to employees.
What 5 circumstances does FMLA cover?
- Foster child placement
- Seriously ill spouse, parent or child
- Seriously ill employee
What would you like to do?
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