|
Nominal Fee
A nominal fee refers to a sale of a good or service for far less than it is actually worth, when it cannot be given away for free. Typically, such a sale will be for the smallest full denomination of a currency (for example, one dollar). Nominal fees are necessary when contracts are signed, since in order for a contract to be valid, some form of payment must be involved. Examples In 2006, the Quebec North Shore and Labrador Railway sold a 135 mile long rail line to Tshiuetin Rail Transportation for $1. Tshiuetin was formed by several First Nations communities to continue railroad service on the line, which formerly was used for transporting minerals. See also * Peppercorn (legal) In legal parlance, a peppercorn is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the creation of a legal contract. It is featured in '' Chappell & Co Ltd v Nestle Co Ltd'' ( 960AC 87 ... Similar concept, specific to United Kingdom law ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quebec North Shore And Labrador Railway
The Quebec North Shore and Labrador Railway is a private Canadian regional railway that stretches through the wilderness of northeastern Quebec and western Labrador. It connects Labrador City, Labrador, with the port of Sept-Îles, Quebec, on the north shore of the St. Lawrence River. QNS&L is owned by Iron Ore Company of Canada (IOC), and is a common carrier. History When it was built between 1951 and 1954, the QNS&L connected the port of Sept-Îles on the north shore of the St. Lawrence River with the northern terminus at IOC's mining community of Schefferville, Quebec, a distance of . In 1958, the Wabush ore body near Labrador City was opened by IOC and the Wabush Mining Company. QNS&L built a line to serve these mines, running west from the Sept-Îles-Schefferville main line at Emeril Junction, Labrador, to Carol Lake, Labrador, near Wabush. Service on this branch began in 1960. At the same time, Wabush Mining Company built the relatively short Wabush Lake Railway f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tshiuetin Rail Transportation
Tshiuetin Rail Transportation Inc. is a rail company that owns and operates a Canadian regional railway that stretches through the wilderness of western Labrador and northeastern Quebec. It connects Emeril, Labrador with Schefferville, Quebec on the interprovincial boundary. The company also operates a railway that connects Sept-Îles, Quebec to Emeril. The company is the first railway in North America owned and operated by Indigenous peoples, specifically by the Innu Nation of Matimekush-Lac John, the Naskapi Nation of Kawawachikamach, and the Innu Takuaikan Uashat Mak Mani-Utenam. History Tshiuetin () Rail Transportation operates on the Menihek Subdivision, a rail line running from Emeril Junction to Schefferville. The Menihek Subdivision used to be part of the QNSX main line, constructed between 1951 and 1954. After mining activity in Schefferville ended with the closure of the Schefferville iron mine in 1983, QNSX shifted its priority to the Sept-Îles to Labrador ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Nations In Canada
First Nations (french: Premières Nations) is a term used to identify those Indigenous Canadian peoples who are neither Inuit nor Métis. Traditionally, First Nations in Canada were peoples who lived south of the tree line, and mainly south of the Arctic Circle. There are 634 recognized First Nations governments or bands across Canada. Roughly half are located in the provinces of Ontario and British Columbia. Under Charter jurisprudence, First Nations are a "designated group," along with women, visible minorities, and people with physical or mental disabilities. First Nations are not defined as a visible minority by the criteria of Statistics Canada. North American indigenous peoples have cultures spanning thousands of years. Some of their oral traditions accurately describe historical events, such as the Cascadia earthquake of 1700 and the 18th-century Tseax Cone eruption. Written records began with the arrival of European explorers and colonists during the Age of Dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independent
Independent or Independents may refer to: Arts, entertainment, and media Artist groups * Independents (artist group), a group of modernist painters based in the New Hope, Pennsylvania, area of the United States during the early 1930s * Independents (Oporto artist group), a Portuguese artist group historically linked to abstract art and to Fernando Lanhas, the central figure of Portuguese abstractionism Music Groups, labels, and genres * Independent music, a number of genres associated with independent labels * Independent record label, a record label not associated with a major label * Independent Albums, American albums chart Albums * ''Independent'' (Ai album), 2012 * ''Independent'' (Faze album), 2006 * ''Independent'' (Sacred Reich album), 1993 Songs * "Independent" (song), a 2007 song by Webbie * "Independent", a 2002 song by Ayumi Hamasaki from '' H'' News and media organizations * ''The Independent'', a British online newspaper. * ''The Malta Independent'', a Mal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peppercorn (legal)
In legal parlance, a peppercorn is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the creation of a legal contract. It is featured in ''Chappell & Co Ltd v Nestle Co Ltd'' (960AC 87), which stated that "a peppercorn does not cease to be good consideration if it is established that the promisee does not like pepper and will throw away the corn". Function in contract law In English law, and other countries with similar common law systems, a legal contract requires that each side must provide consideration. In other words, each party will give something of value to the other party for the contract to be considered binding. The situation is different under contracts within civil law jurisdictions because such nominal consideration can be categorised as a disguised gift. However, courts will not generally inquire into the adequacy or relative value of the consideration provided by each party. So, if a contract calls for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Terms
Discounts and allowances are reductions to a basic price of goods or services. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list price (which is quoted to a potential buyer, usually in written form). There are many purposes for discounting, including to increase short-term sales, to move out-of-date stock, to reward valuable customers, to encourage distribution channel members to perform a function, or to otherwise reward behaviors that benefit the discount issuer. Some discounts and allowances are forms of sales promotion. Many are price discrimination methods that allow the seller to capture some of the consumer surplus. Types The most common types of discounts and allowances are listed below. Dealing with payment Prompt payment discount ''Trade discounts ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
