Barbara is an economist researcher and commentator
Question 2
Barbara is an economist researcher and commentator. The Eco Books Ltd offers her $13,000 for writing a book about economics principles. Barbara has never written a book about economics principles, but accepts the offer and writes the economics book called ‘Principles of Economics’. She assigns the book’s copyright for $13,400 to The Eco Books Ltd. The book is published and she is paid. She also sells the book’s manuscript to the Eco Books Ltd’s library for $4,350 plus several interview manuscripts she has collected while writing the economics book for which she receives $3,200.
Discuss each of the above payments to Barbara separately and states if these are income from Barbara’s personal exertion.
Would your answer differ if Barbara wrote the Principles of Economics’ book before signing a contract with The Eco Books Ltd in her spare time and only decided to sell it later?
Support your answer by referring to relevant statutory and case law.
Hint
Accounts & Finance The Barbara is a researcher and commentator of economics. She signs Contract with Eco Books Ltd to write a book of economics named Principles of Economics for 13000 $. The Barbara assigns the book copyright to the Eco Books Ltd for 13400 $. The Barbara sells manuscripts of book to the Eco Books Ltd library for 4350 $. The Barbara sells several interview manusc...
Accounts & Finance The Barbara is a researcher and commentator of economics. She signs Contract with Eco Books Ltd to write a book of economics named Principles of Economics for 13000 $. The Barbara assigns the book copyright to the Eco Books Ltd for 13400 $. The Barbara sells manuscripts of book to the Eco Books Ltd library for 4350 $. The Barbara sells several interview manuscripts for 3200$.