A Lack of Compliance in the Payment of Use Taxes

question 16

Essay

A lack of compliance in the payment of use taxes can be resolved by several means.In this regard,comment on the following:
a. Registration of automobiles.
b. Reporting of Internet purchases on state income tax returns

---

Definitions:

Impracticability

A doctrine that excuses a party from performing a contract when unforeseen events make performance excessively difficult or expensive.

Good Faith

Good Faith is the concept of acting with honesty and sincerity without any intention to defraud or seek unfair advantage.

Consequential Damages

Losses suffered as a consequence of a breach of contract, not directly caused by the breach but resulting from the specific circumstances of the affected party.

Liquidated Damages

A contractual provision that specifies a predetermined amount of money that must be paid as damages in the event of a breach of contract.