Examlex
Mandel transferred property to his new corporation in a section 351 transaction. Among the several properties transferred by Mandel was land with a fair market value of $200,000 and a tax basis of $250,000. In all cases, the corporation will always take a tax basis in the land of $200,000 to prevent the "built-in loss" from being transferred from Mandel to the corporation.
Battery
In law, battery is the intentional unpermitted act causing harmful or offensive contact with the "person" of another.
Assault
An intentional act that creates a reasonable apprehension of an imminent harmful or offensive contact.
Unfair Competition
The act of competing with another not to make a profit but for the sole purpose of driving that other out of business.
Interference with Contract
involves an action by a third party that deliberately disrupts the execution of a contractual agreement between two parties, potentially leading to legal action.
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