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Commissioner v. Tufts, 461 U.S. 300 (1983), was a unanimous decision by the United States Supreme Court, which held that when a taxpayer sells or disposes of property encumbered by a nonrecourse obligation exceeding the fair market value of the property sold, the Commissioner of Internal Revenue may require him to include in the “amount realized” the outstanding amount of the obligation ...
In Youngstown, Ohio, Pig Iron Press business owner alleged that ATF foreclosed upon his business without giving him recourse to challenge the action or offer repayment options. [8] According to public record, in 2010 ATF did file a foreclosure action on both the owner's Youngstown business address and his personal residence in Boardman, Ohio ...
Restricted vs unrestricted: Either the one advising bank can purchase a bill of exchange from the seller in the case of a restricted LC, or the confirmation bank is not specified, which means that the exporter can show the bill of exchange to any bank and receive a payment on an unrestricted LC. Deferred vs usance: A credit that is not paid or ...
There are currently 253 cities and 673 villages in Ohio, for a total of 926 municipalities. Municipality names are not unique: there is a village of Centerville in Gallia County and a city of Centerville in Montgomery County ; there is also a city of Oakwood in Montgomery County as well as the villages of Oakwood in Cuyahoga County and Oakwood ...
How to watch Ohio State vs. Notre Dame in the College Football National Championship Game online for free—without cable Chris Morris January 20, 2025 at 2:00 PM
Like most states, Ohio drivers must meet minimum auto insurance requirements to drive legally. The potential penalties for driving without insurance in Ohio can be severe, including fines, loss of ...
More: OPINION: The differences in Brown vs. Moreno are stark — just look at their stances. ... Ohio candidates for US Senate: Compare their stances for 2024 election. Show comments. Advertisement.
Recourse debt or recourse loan is a debt that is backed by both collateral from the debtor, and by personal liability of the debtor. [2] This type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default, in addition to foreclosing on a particular property or asset as with a home loan or auto loan.