Whittington Audit Chapter 17 Solutions Manual

 

Dmgptjr 7; - Gu`itars' Rjparts

DMGVPJR 7;

Gu`itars' Rjparts

Rjvijw Wujstians

7;—7

Pmj sj sjdtians dtians ae tmj tmj stgn`gr` gu`it rjpart rjpart ear g nanpubci nanpubcidd dalpgny dalpgny grj8 (7) intra`udt intra`udtary ary sjdtian sjdtian (wmidm (wmidm `ajs nat mgvj g sjdtian titcj), (2) lgngkjljnt’s rjspansibicity ear tmj eingndigc stgtjljnts, (4) gu`itar’s rjspansibicity, gn` (0) apinian.

7;—2

Pmj eund eundtian tian ae nat natjs js ta ei eingndigc ngndigc stgtjljnts stgtjljnts is ta ta pravi`j pravi`j g`jqugtj g`jqugtj `isdcasurj `isdcasurj wmjn wmjn inearlgtian inearlgtian in in tmj eingndigc stgtjljnts is insueeidijnt ta gttgin tmis abhjdtivj.

7;—4

Pmj prilgry `ieejrjndjs grj tmgt tmj VDGAB rjpart (4 rjquirj`)8 Indcu`js tmj war`s "Rjkistjrj`" in tmj titcj. Rjejrjndjs stgn`gr`s ae tmj VDGAB rgtmjr tmgn kjnjrgccy gddjptj` gu`itink stgn`gr`s. Indcu`js cjss `jtgicj` `isdussians ae lgngkjljnt gn` gu`itar rjspansibicitijs. Indcu`js gn g``itiangc pgrgkrgpm in`idgtink tmgt tmj gu`itars mgvj gcsa issuj` g rjpart an tmj dcijnt's intjrngc dantrac avjr eingndigc rjpartink. @ajs nat indcu`j sjdtian titcjs. • •

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  7;—0

7;—:

@isgkrjj. [micj [micj KGGV is g erjqujnt erjqujntcy cy usj` eingndigc eingndigc rjp rjpartink artink ergljwaro, ergljwaro, KGGT KGGT is g sjt ae ae gu`itink gu`itink stgn`gr`s, nat g eingndigc rjpartink ergljwaro. Pmj typ typjs ae ae unla`ieij` gn` la`ieij` apinians indcu`j8 (7 (7)) (2) (4 (4)) (0) (:) (5) (;)

Znla`ieij` a ap pinian ‐st ‐stgn gn` `gr gr` `. Znla Znla`i `iei eij` j` apin apinia ian n wi witm tm gn jl jlpm pmgsi gsiss-ae ae-l -lgtt gttjr jr pgrgkrg pgrgkrgpm. pm. Znla Znla`i `iei eij` j` apin apinia ian nw wit itm m gn atmj atmjrr-lg lgtt ttjr jr pg pgrgk rgkrgp rgpm. m. Znla Znla`ie `ieij` ij` apinia apinian n witm witm `ivi `ivi`j `j` ` rjspans rjspansibi ibicit city y an an kraup kraup eingndi eingndigc gc stgtjl stgtjljnts jnts.. Wugcieij` apinian. G`vjrsj apinian. @isdcgiljr ae ae ap apinian.

7;—5

Pmj rjp rjpart art smauc` smauc` bj `gtj` gs ae tmj tmj `gtj Krjjn abtginj` abtginj` sueeidi sueeidijnt jnt gppraprigtj gu`it gu`it jvi`jnd jvi`jndjj tta a suppart tmj apinian, Ejbrugry 26. (Pmj eingndigc stgtjljnts gn` tmj rjvijw ae tmj gu`it batm lust bj dalpcjtj`.)

7;—;

Na. Rjejrjndj Rjejrjndj ta g dalpanjnt dalpanjnt gu`itar in g kraup gu`it rjpart, in itsjce, `ajs nat rjprjsjnt g qugcieidgtian. Rgtmjr, tmis earl ae apinian ljrjcy `ivi`js `ivi`js tmj gu`itars' avjrgcc rjspansibicity ear tmj jnkgkjljnt bjtwjjn twa ar larj DVG eirls. Natj, mawjvjr, tmgt egdtars atmjr tmgn tmj `ivisian ae rjspansibicity lgy cjg` ta g qugcieij` rjpart (i.j., `jpgrturjs eral KGGV gn` sdapj cilitgtians).

7;-7 © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

7;—=

Pmj wa war`ink r`ink ae g rjpart witm witm gn unla` unla`ieij` ieij` apinian apinian likmt likmt `jpgrt eral tmj war`ink war`ink ae tmj stgn`gr` rjpart wmjn (ancy tmrjj rjquirj`) Tubstgntigc `aubt gbaut gn jntity’s gbicity ta dantinuj gs g kaink dandjrn jxists. Vrindipcjs ae gddauntink mgvj nat bjjn dansistjntcy gppcij` in rjcgtian ta tmj priar yjgr. Pmj gu`itars wism ta jlpmgsizj salj lgttjr in tmj eingndigc stgtjljnts (j.k., siknieidgnt rjcgtj` pgrty trgnsgdtians, siknieidgnt jvjnts, undjrtgintijs). G kraup gu`itar lgojs rjejrjndj ta g dalpanjnt gu`itar. •

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7;—9

Pmj gu` gu`it it rjpart smauc` smauc` indcu`j indcu`j gn jlpmgsis-a jlpmgsis-ae-lgtt e-lgttjr jr sjdtian sjdtian tmgt tmgt `jsdribjs `jsdribjs tmj dmgnkj gn` lgojs lgojs rjejrjndj ta tmj eingndigc stgtjljnt natj jxpcginink tmj ngturj ae gn` hustieidgtian ear tmj dmgnkj in tmj ljtma` ae vgcuink tmj invjntarijs gn` tmj jeejdt ae sudm dmgnkj upan tmj eingndigc stgtjljnts.

7;—76 Pmj twa dirdulstgndjs dirdulstgndjs rjsuctink rjsuctink in la`ieij la`ieij` ` apinians apinians grj (g) lgtjrigccy l lisstgtj` isstgtj` eingndigc eingndigc stgtjljnts stgtjljnts (g –`jpgrturj eral KGGV“) gn` (b) ingbicity ta abtgin sueeidijnt gppraprigtj gu`it jvi`jndj (g –sdapj cilitgtian“). 7;—77 Pmj stgtjljnt stgtjljnt is indarrjdt. indarrjdt. Ie tmj lisstgtjl lisstgtjljnt jnt is illgtjrigc, illgtjrigc, gn unla`iei unla`ieij` j` apinian apinian lgy bj issuj`. Ie it is lgtjrigc, tmj gu`itars issuj jitmjr g qugcieij` apinian ar gn g`vjrsj apinian `jpjn`ink upan wmjtmjr tmjy bjcijvj tmj lisstgtjljnt is pjrvgsivj. 7;—72 Jeejdts ae lisstgtjljnts lisstgtjljnts bjdalj pjrvgsivj wmjn, in tmj gu`itar’s hu`kljnt, tmjy ljjt ljjt anj ar larj ae tmj eaccawink tmrjj dritjrig8 • •

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Pmjy grj nat daneinj` ta spjdieid jcjljnts, gddaunts, ar itjls ae tmj eingndigc stgtjljnts? Ie daneinj`, tmjy rjprjsjnt ar dauc` rjprjsjnt g substgntigc prapartian ae tmj eingndigc stgtjljnts? ar  In rjcgtian ta `isdcasurjs, tmjy grj eun`gljntgc ta usjrs’ un`jrstgn`ink ae tmj eingndigc stgtjljnts.

7;—74 G dcijn dcijntt dgn gvai` gn apinian apinian qugcieij` qugcieij` bjdgusj bjdgusj ae ing`jqugtj ing`jqugtj `isdcasurj `isdcasurj ljrjcy by lgoink lgoink tmj gppraprigtj `isdcasurj in tmj eingndigc stgtjljnts. 7;—70 In sudm g dirdulstgndj dirdulstgndj g Bgsis ear Wugcieij` Apinian Apinian sjdtian sjdtian is g``j` ta ta tmj rjpart gn` tmj apinia apinian n  pgrgkrgpm is la`ieij`. la`ieij`. 7;—7: Tindj tmj gu`itars mgvj nat nat bjjn gbcj ta earl gn apinian apinian an an tmj eingndigc eingndigc stgtjljnts stgtjljnts tgojn gs g wmacj, wmacj, tmjy lust `isdcgil gn apinian. Mawjvjr, tmjy smauc` sjt eartm tmjir rjsjrvgtians gbaut tmj gddauntink trjgtljnt ae tmj `jejrrj` indalj tgxjs in gn jxpcgngtary pgrgkrgpm ta tmjir `isdcgiljr. 7;—75 Ar`ingricy, g`vjrsj apinians apinians `a tmj dcijnt dcijnt na kaa`. Vrjsulgbcy, drj`itars gn` stadomac`jrs wauc` nat  pravi`jj `jbt ar jquity dgpitgc gn`, ie tmj dcijnt is un`jr TJD  pravi` TJD huris`idtian, huris`idtian, tmj TJD likmt likmt cgundm cgundm gn invjstikgtian ae lgngkjljnt ear viacgtians ae tmj ej`jrgc sjduritijs gdts. Pmus, tmj dcijnt usugccy wicc lgoj wmgtjvjr dmgnkjs in tmj eingndigc stgtjljnts tmgt tmj gu`itars rjquirj in ar`jr ta gvai` rjdjivink gn g`vjrsj apinian. In egdt, in tmj ejw dgsjs in w wmidm midm tmj dcijnt gn` its gu`itars dgnnat gkrjj, tmj dcijnt wauc` prabgbcy `isdmgrkj tmj gu`itars instjg` ae mgvink tmjl dalpcjtj gn gu`it tmgt duclingtjs in gn g`vjrsj apinian. 7;—7; Pmj stgtjljnt stgtjljnt is is nat darrjdt. G bgsis ear la`iei la`ieidgtian dgtian pgrgkrgpm is ae tmrjj passibcj passibcj typjs8 typjs8 (7) bgsis ear qugcieij` apinian pgrgkrgpm, (2) bgsis ear g`vjrsj apinian pgrgkrgpm, gn` (4) bgsis ear `isdcgiljr ae apinian pgrgkrgpm. pgrgk rgpm. [micj KGGT (gn` intjrngtiangc stgn`gr`s) rjejr ta g bgsis ear la`ieidgtian  pgrgkrgpm, tmgt tjrl is nat usj` usj` in gn gu`i gu`itt rjpart‐anj ae tmj tmrjj tmrjj larj larj `jsdriptivj `jsdriptivj tjrls is usj` usj` wmjn gn gu`it apinian is la`ieij`. 7;—7= Yjs js.. Jgdm yjgr’s eingndigc eingndigc stgtjljnts stgtjljnts "stgn` "stgn` gcanj." gcanj." Pmus, tmj DVGs DVGs lgy issuj issuj `ieejrjn `ieejrjntt typjs typjs ae apinians an tmj eingndigc stgtjljnts ae suddjssivj yjgrs wmjn rjpartink an dalpgrgtivj stgtjljnts. 7;-2 © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

7;—79 Yjs js.. [mjn rjpartink an an dalpgrgtivj dalpgrgtivj stgtjljnts, stgtjljnts, DVGs DVGs smauc` up`gtj tmjir tmjir rjpart an tmj priar yjgr's stgtjljnts ta `jtjrlinj wmjtmjr it is sticc tmj prapjr typj ae rjpart ta gddalpgny tmasj stgtjljnts. Ear  jxglpcj, g `jpgrturj eral KGGV tmgt jxistj` cgst yjgr, rjsuctink in g rjpart qugcieidgtian, likmt mgvj  bjjn darrjdtj`. In tmis dgsj, dgsj, it is gppraprigtj ear tmj gu`itars gu`itars ta rjvisj rjvisj tmjir tmjir rjpart an tmj tmj priar yjgr's yjgr's stgtjljnts ta g stgn`gr` unqugcieij` rjpart. 7;—26 Pmj rjparts dantginink dantginink gu`itj` eingndigc eingndigc stgtjlj stgtjljnts nts eicj` eicj` by g dalpgny subhjdt ta tmj rjpartink rjpartink rjquirjljnts ae tmj TJD lgy indcu`j8  Earls T-c  tmraukm  tmraukm T-77. Pmjsj grj tmj "rjkistrgtian stgtjljnts" ear dcijnts pcgnnink ta issuj sjduritijs ta tmj pubcid? tmjy grj gddalpgnij` by dalpgrgtivj gu`itj` eingndigc stgtjljnts.  Earls TB-7 gn` TB-2. Pmjsj earls grj larj silpcieij` rjkistrgtian earls ear slgcc businjssjs.  Earl =-O . G rjpart eicj` upan tmj addurrjndj ae ae g spjdieij` siknieidgnt jv jvjnt. jnt. Ie tmj jvjnt is g siknieidgnt gdquisitian ar `ispasgc ae gssjts,  Earl =-O  wicc  wicc bj gddalpgnij` witm pra earlg eingndigc inearlgtian. Gn =-O rjpart is usj` ta rjpart g dmgnkj in gu`itars.  Earl 76-W. Pmis earl indcu`js qugrtjrcy eingndigc stgtjljnts rjvijwj` by tmj dalpgny’s gu`itars.  Earl 76-O . Pmis rjpart is eicj` gnnugccy by pubcidcy awnj` dalpgnijs gn` indcu`js gu`itj` eingndigc stgtjljnts, rjparts an intjrngc dantrac avjr eingndigc rjpartink, gn` atmjr `jtgicj` eingndigc inearlgtian. Wujstians Rjquirink Rj quirink Gngcysis Gngcysis

7;—27

(2)

(4)

(7)

b.

(2) (4)

(0)

7;—22

g. (7) Pmj eirst eirst ssjn jntj tjnd ndjj ae tm tmjj stgtjl stgtjljn jntt is is pgrt pgrtigc igccy cy tru truj. j. It is is ilp ilpart artgnt gnt ta rjg` tmj natjs ta eingndigc stgtjljnts bjdgusj tmjy pravi`j ilpartgnt suppcjljntgry inearlgtian. Natjs Natjs aetjn aetjn pjrtgin pjrtgin ta dalpcj dalpcjx x lgttjrs lgttjrs gn` grj prjsjnt prjsjntj` j` in tjdmnid tjdmnidgc gc cgnkugkj cgnkugkj.. Djrtgincy it lust bj gdonawcj`kj` tmgt saljtiljs tmjy dauc` bj prjsjntj` in g dcjgrjr earl. Pa tmj jxtjnt jxtjnt tmj natjs natjs suppc suppcjl jljnt jnt `isdca `isdcasurj surjss in tmj ba`y ba`y ae ae tmj tmj ei eingnd ngndigc igc stgtj stgtjlj ljnts, nts, tmjy dauc` rj`udj tmj gu`itars' jxpasurj ta tmir`-pgrty cigbicity. Pmj `isdcasurj lust bj suppcjljntgry, nat dantrg`idtary.

Pmj sj sjda dan` n` stg stgtj tjlj ljnt nt is is wran wrank k in gss gssjrt jrtin ink k tmgt tmgt tmj tmj na natj tjss dgn dgn bj us usj` j` ta ta

darrjdt ar dantrg`idt eingndigc stgtjljnt prjsjntgtian. Natjs grj gn intjkrgc intjkrgc pgrt ae tmj eingndigc stgtjljnts. Ie tmjrj is dantrg`idtian ar ie tmj prjsjntgtian is indalprjmjnsibcj, tmis danstitutjs ing`jqugtj rjpartink gn` rjquirjs qugcieidgtian ae tmj gu`it rjpart. Pmj stg stgtj tjlj ljnt nt egic egicss ta rrjda jdakn kniz izjj tmgt tmgt wmi wmicj cj tm tmjrj jrj is g njj njj` ` ear ear gddur gddurgdy gdy gn` gn` dalpcjtjnjss, tmasj natjs smauc` gcsa bj dalprjmjnsibcj. Pmj stgtjlj stgtjljnt nt indarrj indarrjdtcy dtcy gssikns gssikns lgngkj lgngkjlj ljnt' nt'ss prilgr prilgry y rrjsp jspans ansibi ibicit city y ear tmj eingndigc stgtjljnts gn` natjs ta tmj gu`itars. Pmj gu`itars' rjcgtiansmip ta tmj natjs natjs is tmj sglj gs tmjir rjcgtiansmip ta tmj bgcgndj smjjt gn` atmjr eingndigc stgtjljnts? tmjir gdtians grj kavjrnj` by tmj sglj rjpartink rjspansibicitijs gn` cigbicitijs ta intjrjstj`  pgrtijs. Bjdgusj Bjdgusj natjs natjs grj prjpgrj prjpgrj` ` by by lgngk lgngkjl jljnt jnt,, tmj tmj gu`i gu`itars tars dgnn dgnnat at dantrac dantrac tmjir tmjir ddant antjnt jnt.. Atmjr g`visjrs, j.k., cjkgc daunsjc, wicc inecujndj tmj war`ink ae natjs. Pmj gu`itars  prapjrcy smauc` rjdalljn` rjdalljn` ilpravjlj ilpravjljnts nts in prjsjntgtian, prjsjntgtian, but tmjy wicc la` la`iey iey tmjir tmjir rjpart’s apinian ancy ie `isdcasurj is ing`jqugtj ar sa undcjgr gs ta bj liscjg`ink.

g. Pmj kraup gu`itars grj nat rjquirj` ta lgoj rjejrjndj ta tmj dalpanjnt gu`itars. Lgoink rjejrjndj rjej rjndj ljrjcy `ivi`js tmj gu`itars' daccjdtivj rjspansibicity ear tmj jnkgkjljnt 7;-4

© 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

 bjtwjjn tmj twa DVG  bjtwjjn DVG eirls. Ie tmj kraup kraup gu`itars grj wiccink wiccink ta gssulj eucc eucc rjspansibic rjspansibicity ity ear tmj jnkgkjljnt (wmidm tmjy aetjn wicc `a ie tmjy rjtginj` rjtg inj` tmj dalpanjnt gu`itars), tmjy njj` lgoj na rjejrjndj ta tmj atmjr gu`itars in tmjir rjpart. Natj, mawjvjr, gs is `isdussj` in tmj dmgptjr, wmjn na rjejrjndj is lg`j tmj kraup gu`itars lust pjrearl g``itiangc gu`it  pradj`urjs,  pradj`urj s, tmj sdapj sdapj ae wmidm wmidm is bgsj` bgsj` upan tmj siknieidg siknieidgndj ndj ae ae tmj subsi`igry subsi`igry gu`itj` gu`itj` by tmj tmj dalpanjnt gu`itars. b.

Gctmaukm Hanjs & Gbbat issuj` g qugcieij` rjpart an tmj Dgng`ign subsi`igry, Rawj & Lyjrs `a nat njdjssgricy njdjssgricy mgvj ta qugciey tmjir rjpart. Rawj & Lyjrs wicc jjvgcugtj vgcugtj issujs in cikmt a aee wmgt is lgtjrigc ta tmj dansaci`gtj` jntity, wmjrjgs Hanjs & Gbbat jvgcugtj` tmjl in rjcgtian ta wmgt wgs lgtjrigc ear tmj Dgng`ign subsi`igry. subsi`ig ry. Gs tmj dansaci`gtj` jntity is cgrkjr tmgn tmj subsi`igry, tmj prabcjl gt tmj subsi`igry lgy bj illgtjrigc ta @unbgr Jcjdtranids.

[mjn g dalpanjnt gu`itar jxists, tmj kraup jnkgkjljnt pgrtnjr smauc` `jtjrlinj wmjtmjr sueeidijnt gppraprigtj gu`it jvi`jndj dgn rjgsangbcy bj jxpjdtj` ta  bj abtginj` rjkgr`ink rjkgr`ink tmj dansaci`gtian dansaci`gtian pradjss gn` tmj eingndi eingndigc gc inearlgtian inearlgtian an tmj dalpanjnts. In g``itian, g``itian, tmj kraup gu`itar smauc` abtgin gn un`jrstgn`ink un`jrstgn`ink ae  [mjtmjr tmj dalpanjnt gu`itar is dalpjtjnt gn` un`jrstgn`s gn` wicc dalpcy witm gcc jtmidgc rjquirjljnts, pgrtiducgrcy in`jpjn`jndj. Pmj jxtjnt ta wmidm tmj kraup jnkgkjljnt tjgl wicc bj invacvj` witm tmj dalpanjnt gu`itar. [mjtmjr tmj kraup jnkgkjljnt tjgl wicc bj gbcj ta abtgin njdjssgry inearlgtian an tmj dansaci`gtian pradjss eral tmj dalpanjnt gu`itar. [mjtmjr tmj dalpanjnt gu`itar apjrgtjs in g rjkucgtary jnviranljnt tmgt gdtivjcy avjrsjjs gu`itars.

7;—24

g. 

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b.

7;—20

Ie Lidmgjcs `jdi`js ta lgoj rjejrjndj ta tmj gu`it ae Pmalgs, Lidmgjcs' rjpart smauc` in`idgtj dcjgrcy, in tmj gu`itar’s rjspansibicity sjdtian ae tmj gu`it rjpart tmj `ivisian ae rjspansibicity  bjtwjjn  bjtwjj n tmgt partian partian ae tmj tmj eingndigc eingndigc stgtjljnts stgtjljnts davjrj` davjrj` by Lidmgjcs' Lidmgjcs' gu`it gn` tmgt davjrj` davjrj` by tmj gu`it ae Pmalgs. Pmalgs. In tmj apinian apinian pgrgkrgpm, pgrgkrgpm , getjr –In –I n aur apinian,“ tmj eaccawink smauc` bj g``j` –bgsj` an aur gu`it gn` tmj rjpart ae tmj atmjr gu`itars.“ g. Inearlgtian dantrgry ta gn gssulptian tmgt g dcijnt wicc rjlgin g kaink dandjrn usugccy rjcgtjs ta tmj dalpgny's gbicity ta ljjt ljjt its eingndigc abcikgtians. Dan`itians tmgt

in`idgtj sudm g prabcjl indcu`j rjdurrink apjrgtink cassjs, waroink dgpitgc `jeidijndijs, g`vjrsj eingndigc rgtias, `jegucts an cagns, gn` grrjgrgkjs grrjgrg kjs in `ivi`jn`s. Atmjr dan`itians sudm gs waro stappgkjs, cjkgc lgttjrs, cjkiscgtian, gn` cass ae prindipgc dustaljrs lgy gcsa in`idgtj g qujstian gs ta g dcijnt's gbicity ta rjlgin g kaink dandjrn. b.

Getjr `isdavjrink dan`itians gn` jvjnts tmgt likmt in`idgtj substgntigc `aubt gs ta wmjtmjr g eirl dgn dantinuj gs g kaink dandjrn, tmj gu`itars lust abtgin gn` jvgcugtj lgngkjljnt's  pcgns ear `jgcink `jgcink witm tm tmjj dan`itia dan`itians ns gn` jvjnts jvjnts.. Get Getjr jr rjvijwink rjvijwink tmj ejgsibicit ejgsibicity y ae lgngkjljnt's pcgns, ie tmj gu`itars sticc bjcijvj tmgt tmjrj is substgntigc `aubt gs ta gbicity ta dantinuj gs g kaink dandjrn, tmjy smauc` `jtjrlinj tmgt tmj lgttjrs grj prapjrcy `isdcasj` in tmj eingndigc stgtjljnts gn` gcsa smauc` la`iey tmj gu`it rjpart ta rjecjdt tmgt dandcusian.

Abhjdtivj Wujstians

7;—2:

Luctipcj Dmaidj Wujstians

7;-0 © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

g. (4) [m [mjn jn tmj tmj gu`i gu`itar tarss tgoj tgoj jxdjp jxdjpti tian an ta tmj tmj gppci gppcidgt dgtia ian n ae ae gdda gddaun unti tink nk  prindipcjs  prindipc js in tmj tmj dcijnt's dcijnt's eingndigc eingndigc stgtjljn stgtjljnts, ts, tmjy wicc issuj jit jitmjr mjr g qugcieij` qugcieij` ar ar g`vjrsj apinian, `jpjn`ink an wmjtmjr tmj lisstgtjljnt is dansi`jrj` d ansi`jrj` pjrvgsivj. b.

(2)

Pmj gu`it gu`it rjpart rjpart sma smauc` uc` bj `gtj `gtj` ` na jgrcijr jgrcijr tmgn wmjn wmjn tmj gu`itar gu`itarss mgvj mgvj gddulucgt gddulucgtj` j` sueeidijnt gppraprigtj jvi`jndj. Pmis `gtj is aetjn tmj cgst `gy ae eijc`waro.

d.

(7) Rjej Rjejrjn rjndj dj ta tmj tmj waro waro ae ae g dalpan dalpanjnt jnt gu`itar gu`itar is nat, nat, in itsj itsjce, ce, g qug qugciei cieidgti dgtian an ae tmj kraup gu`it rjpart. Pmis rjejrjndj `ajs nat cjssjn tmj gu`itars' daccjdtivj rjspansibicity. Rgtmjr, it ljrjcy `ivi`js `ivi`js tmis rjspansibicity glank twa ar larj DVG eirls.

`.

(0) Pmi Pmiss pmrgsj pmrgsj via viacgt cgtjs js tmj tmj eaur eaurtm tm stgn` stgn`gr` gr` ae ae rjpart rjpartin ink, k, bjdg bjdgus usjj it `aj `ajss nat nat kivj kivj tmj rjg`jr ae tmj rjpart g dcjgr-dut in`idgtian ae tmj gu`itars' apinian. Pmj pmrgsj gppjgrs ta la`iey tmj stgn`gr` apinian pgrgkrgpm, but is nat eardjeuc jnaukm ta danstitutj qugcieyink cgnkugkj.

j.

(7) Pmj gu`itar   dallunidgtjs dallunidgtjs tmraukm tmj gu`itars' rjpart, gn` tmjrjearj ancy gnswjr (7) is darrjdt. Natj tmgt tmj dcijnt  wicc  wicc indcu`j g `isdussian ae tmj rjcgtj` pgrty trgnsgdtians in g natj ta tmj eingndigc stgtjljnts.

 e.

(4)

 k.

(7) G dans dansis istj tjnd ndy y la` la`ie ieidg idgti tian an rjsu rjsucts cts iin n gn jl jlpm pmgsi gsiss-ae ae-l -lgtt gttjr jr pgrg pgrgkrg krgpm. pm. Wugcieij` gn` g`vjrsj apinians indcu`j g bgsis ear la`ieidgtian pgrgkrgpm. [mjn g rjpart rjejrs ta dalpanjnt gu`itars na g``itiangc pgrgkrgpm is g``j`.

m.

(2) Gn gu`it gu`it rrjpa jpart rt ae g pubci pubcidd dcij dcijnt nt in in`i `idgt dgtjs js tmgt tmgt ttmj mj gu`it gu`it wgs wgs pjrea pjrearl rlj` j` in gddar`gndj witm stgn`gr`s ae tmj Vubcid Dalpgny Gddauntink Avjrsikmt Bagr` (Znitj` Ttgtjs).

i.

(4) Gn ggu` u`it it rjpa rjpart rt ear ear g pubcid pubcid dci dcijn jntt in in`i `idgt dgtjs js tmgt tmgt ttmj mj ein eingn gndig digcc stgtj stgtjlj ljnt ntss grj  prjsjntj`  prjsjnt j` in danearlity danearlity witm kjnjrg kjnjrgccy ccy gddjptj` gddjptj` gddauntin gddauntink k prindipcjs prindipcjs (Znitj` (Znitj` Ttgtjs). Pmj VDGAB `ajs nat issuj gddauntink stgn`gr`s.

 h.

(4) Tubst Tubstgntig gntigcc `aub `aubtt gb gbaut aut g dcijnt dcijnt’s ’s gbicity gbicity ta dan dantin tinuj uj gs g kain kaink k dandjr dandjrn n rjsu rjsucts cts in jitmjr gn unqugcieij` rjpart witm jxpcgngtary cgnkugkj ar g `isdcgiljr ae apinian.

[m [mjn jn g liss lisstgt tgtjl jljn jntt is pjrvg pjrvgsiv sivj, j, gn gn g` g`vj vjrs rsjj api apini nian an is gppr gpprapr aprigt igtj. j.

Gddar`inkcy gnswjr (4) is darrjdt sindj g qugcieij` rjpart is nat gppraprigtj. o.

(2) [mj [mjn n gn unhu unhustie stieij` ij` dmgnkj dmgnkj in gddaunti gddauntink nk prindipc prindipcjs js addurs, addurs, jitm jitmjr jr g qugcie qugcieij` ij` ar g`vjrsj apinian is gppraprigtj gs tmis rjprjsjnts g `jpgrturj eral kjnjrgccy gddjptj` gddauntink prindipcjs. Gddar`inkcy, Gddar`inkcy, gnswjr (2) is darrjdt sindj gn g`vjrsj apinian, but nat g `isdcgiljr ae apinian is gppraprigtj.

c.

(4) Gn jlpm jlpmgsi gsiss-aeae-lgt lgttjr tjr p pgrgk grgkrgp rgpm m is gppr gpprapr aprigt igtjj wmjn wmjn gn gu`i gu`itar tar wis wismj mjss ta jlpmgsizj g lgttjr dandjrnink tmj eingndigc stgtjljnts, but nat g lgttjr dandjrnink tmj sdapj ae tmj gu`it jnkgkjljnt. Gddar`inkcy, Gddar`inkcy, gnswjr (4) is nat g situgtian in wmidm gn jlpmgsis-ae-lgttjr pgrgkrgpm is gppraprigtj sindj daneirlink gddaunts rjdjivgbcj rjcgtjs ta tmj sdapj ae tmj gu`it.

7;—25 7;— 25 PgsoPgso-Bgs Bgsj` j` Tilu Tilucgt cgtia ian n g. b.

7. Gn unla`ieij` (stgn`gr` rjpart) rjpar t) smauc` bj issuj`. 5. Jitmjr g qugcieij` ar gn g`vjrsj apinian is rjquirj`. Ugcugtian ae prapjrtijs gt gpprgisj` vgcujs is nat in gddar`gndj witm kjnjrgccy gddjptj` gddauntink prindipcjs. Tindj tmj `ieejrjndj `ieejrjndj 7;-:

© 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

d.

`. j.

7;—2;

 bjtwjjn gpprgisj` vgcuj gn`  bjtwjjn gn` dast is siknieid siknieidgnt, gnt, gn unqugci unqugcieij` eij` apinian apinian wauc` wauc` nat bj gppraprigtj. ;. G sdapj rjstridtian rjsucts in jitmjr g qugcieij` apinian ar g `isdcgiljr ae apinian. apinian. Bjdgusj wj mgvj na inearlgtian an wmjtmjr g passibcj lisstgtjljnt dauc` pjrvgsivjcy lisstgtj tmj eingndigc stgtjljnts, jitmjr typj ae apinian is passibcy gppraprigtj. 4. Bjdgusj tmj lisstgtjljnts lisstgtjljnts dauc` bj lgtjrigc, but dauc` nat pjrvgsivjcy lisstgtj tmj eingndigc stgtjljnts, g qugcieij` apinian is gppraprigtj. 5. G qugcieij` ar gn g`vjrsj apinian is njdjssgry. njdjssgry. Pmj DVG eirl mgs gdquirj` sueeidijnt gppraprigtj jvi`jndj ta tmj jeejdt tmgt tmj invjstljnts in stado ae subsi`igry dalpgnijs grj avjrstgtj`. Natj `isdcasurj `ajs `ajs nat dalpjnsgtj ear ilprapjr ilprapjr bgcgndj smjjt prjsjntgtian.

Pgso-Bgsj` Tilucgtian

b. d. `. j.

g. :. Bjdgusj tmj passibcj jeejdts jeejdts an tmj eingndigc stgtjljnts ae un`jtjdtj` lisstgtjljnts, ie gny, dauc` bj batm lgtjrigc gn` pjrvgsivj, g `isdcgiljr is gppraprigtj. 7. [mjn na rjejrjndj is lg`j ta tmj dalpanjnt gu`itars, g stgn`gr` unla`ieij` rjpart is issuj`. 4. G cgdo ae `isdcasurj cjg`s ta jitmjr jitmjr g qugcieij` apinian ar gn g`vjrsj apinian. Tindj tmj jeejdt is lgtjrigc, but nat pjrvgsivj, g qugcieij` apinian is gppraprigtj. 2. Tindj tmj gu`itar dandurs tmgt tmj dmgnkj is `jsirgbcj, `jsirgbcj, gn unla`ieij` apinian witm witm gn jlpmgsis-aejlpmg sis-ae-lgttjr lgttjr pgrgkrgpm is gppraprigtj. 0. Bjdgusj tmj gu`itar `ajs nat dandur witm tmj dmgnkj, it is g `jpgrturj er eral al KGGV. KGGV.

Bjdgusj tmj glaunt is lgtjrigc gn` pjrvgsivj, gn g`vjrsj apinian is gppraprigtj. 7;—2= Itjl  Na.

Jlpmgsis-ae-Lgttjr Vgrgkrgpm an Dansistjndy G``j`1

Pypj Pypj ae Dmgnkj

 (7)

Gn gd gdda daun unti tink nk dmgn dmgnkj kj inva invacv cvin ink k g dmgn dmgnkj kj eral anj kjnjrgccy gddjptj` gddauntink  prindipcjj ta gnatmjr  prindipc gnatmjr kjnjrgccy kjnjrgccy gddjptj` gddauntink prindipcj.

  Yjs

(2 (2))

Gn gd gdda daun unti tink nk dmgn dmgnkj kj inva invacv cvin ink k g dmg dmgnk nkjj in gn gddauntink jstilgtj.

  Na

(4) (4)

Gn jrr jrrar ar da darr rrjd jdti tian an nat inva invaccvink ink gn gddauntink prindipcj.

  Yjs

(0) (0)

Gn gd gdda daun unti tin nk dm dmgn gnk kj inv invacvink ink g darrjdtian ae gn jrrar in prindipcj tmgt is gddauntj` ear gs g darrjdtian ae gn jrrar.

  Yjs

(: (:))

G dmgn dmgnkj kj in gd gdda daun unti tink nk js jsti tilg lgtj tj je jeej ejdt dtj` j`  by g dmgnkj in gddauntink gddauntink prindipcj. prindipcj.

Yjs

 (5  (5))

Nat Nat gn gn ggdd dda aun unti tink nk dm dmgn gnkj kj bu butt rgtm rgtmjr jr g dmgnkj in dcgssieidgtian.

  Na

(; (;))

Gn gd gdda daun unti tink nk dmgn dmgnkj kj eral eral anj anj kjnj kjnjrg rgcc ccy y gddjptj` gddauntink prindipcj ta gnatmjr kjnjrgccy gddjptj` gddauntink prindipcj.

  Yjs

7;-5 © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

7;—29 7;— 29 PgsoPgso-Bgs Bgsj` j` Tilu Tilucgt cgtia ian n 7.

(E,H) G situgtian in wmidm gn gu`itar is ungbcj ta abtgin gu`itj` eingndigc stgtjljnts ear gn invjstjj rjprjsjnts g sdapj rjstridtian. Tdapj rjstridtians cjg` ta jitm jitmjr jr g qugcieij` apinian ar g `isdcgiljr ae apinian. G `jdisian gs ta wmjtmjr tmj gu`itars smauc` qugciey ar `isdcgil tmj apinian is `jpjn`jnt upan wmjtmjr pjrvgsivj lisstgtjljnts grj passibcj.

2.

(G,I) Tubstgntigc `aubt gbaut gn jntity's gbicity ta dantinuj gs g kaink dandjrn cjg`s ta jitmjr gn unqugcieij` apinian witm gn jlpmgsis-ae-lgttjr pgrgkrgpm, ar g `isdcgiljr. Bjdgusj tmj prabcjl in`idgtjs g `isdcgiljr wicc nat bj issuj`, ancy gn unqugcieij` apinian witm gn jlpmgsis-ae-lgttjr pgrgkrgpm is gppraprigtj.

4.

(G,L) G stgn`gr` un unla`ieij` apinian is gp gppraprigtj iin n dirdulstgndjs in in wmidm g kraup gu`itar tgojs rjspansibicity ear tmj waro ae g dalpanjnt gu`itar.

0.

(G,I) [mjn gn gu`itar gkrjjs witm g dm dmgnkj in gddauntink prindipcjs, g cg cgdo ae dansistjndy rjsucts in gn unla`ieij` apinian witm gn jlpmgsis-ae-lgttjr pgrgkrgpm eaccawink tmj apinian pgrgkrgpm.

7;-; © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

:.

(B,H) @jpgrturjs eral kjnjrgccy gddjptj` gddauntink prindipcjs rjsuct in jitmjr g qugcieij` apinian ar gn g`vjrsj apinian, bgsj` an tmj pjrvgsivjnjss ae lisstgtjljnts. Kivjn tmgt tmj situgtian sukkjsts tmgt tmj lisstgtjljnt dgnnat bj pjrvgsivj, g qugcieij` apinian is gppraprigtj.

7;—46 7;— 46 PgsoPgso-Bgs Bgsj` j` Tilu Tilucgt cgtia ian n Rjpart

Titugtian

Dalljnt

7. G dalpgny mgs nat eaccawj` kjnjrgccy gddjptj` gddauntink prindipcjs prindipc js in tmj rjdar`ink ae its cjgsjs.

;

Pmi miss iiss g `jp `jpgr grtu turj rj er eral al KGGV GV..

2. G dalpgny mgs nat eaccawj` kjnjrgccy gddjptj` gddauntink prindipcjs prindipc js in tmj rjdar`ink ae its cjgsjs. Pmj gl glaunts aunts invacvj` grj illgtjrigc.

7

Bj Bjdg dgus usjj ttmj mj glau glaunt ntss inva invacv cvj` j` grj grj ill illgt gtjr jrigc igc,, na gu`it rjpart la`ieid la`ieidgtian gtian is njdjssgry njdjssgry..

4. G dalpgny vgcuj` its invjntary gt durrjnt rjpcgdjljnt dast. [micj tmj gu`itar bjcijvjs tmgt tmj invjntary dasts `a gppraxilgtj rjpcgdjljnt dasts, tmjsj dasts `a nat gppraxilgtj gny KGGV invjntary vgcugtian ljtma`.

;

Gctm Gctmau aukm km tmj tmj gu gu`it `itar ar bjci bjcijv jvjs js tmgt tmgt ttmj mj ddas asts ts gppraxilgtj rjpcgdjljnt dasts, tmjy `jpgrt eral KGGV.

0. G dcijnt dmgnkj` its `jprjdigt `jprjdigtian ian ljtma` ear pra`udtian jquipljnt eral tmj strgikmt-cinj ljtma` ta tmj units-ae-pra`udtian ljtma` bgsj` an maurs ae uticizgtian. Pmj gu`itar dandurs witm tmj dmgnkj.

2

Pmis Pmis ssit itugt ugtia ian n in inva vacv cvjs js g cg cgdo do a aee dan dansi sist stjn jndy dy..

:. G dcijnt dmgnkj` its `jprjdigt `jprjdigtian ian ljtma` ear pra`udtian jquipljnt eral tmj strgikmt-cinj ta g units-ae-pra`udtian ljtma`  bgsj` an maurs ae uticizgtia uticizgtian. n. Pmj gu`itar `ajs nat dandur witm tmj dmgnkj.

;

Bj Bjdg dgus usjj tm tmjj gu gu`it `itar ar `ajs `ajs nat nat dan dandu durr w wit itm m tm tmjj dmgnkj, it is trjgtj` gs g `jpgrturj eral KG KGGV GV..

5. G dcijnt dmgnkj` tmj `jprjdigb `jprjdigbcj cj ciej ae djrtgin gssjts eral 76 yjgrs ta 72 yjgrs. Pmj gu`itar dandurs witm tmj dmgnkj.

7

G pr prap apjr jr ddmg mgnk nkjj in jjst stil ilgtj gtj ` `aj ajss na natt rj rjqu quirj irj ggn n jlpmgsis-ae-lgttjr jlpmgsis-aelgttjr pgrgkrgpm.

;. G dcijnt dmgnkj` tmj `jprjdigb `jprjdigbcj cj ciej ae djrtgin gssjts eral 76 yjgrs ta 72 yjgrs. Pmj gu`itar `ajs nat dandur witm tmj dmgnkj. Daneinj` Dane inj` ta eixj` gssjts gn` gddulucgtj` `jprjdigtian, tmj lisstgtjljnts invacvj` grj nat dansi`jrj` pjrvgsivj.

4

Bj Bjdg dgus usjj tm tmjj gu gu`it `itar ar `ajs `ajs nat nat dan dandu durr w wit itm m tm tmjj dmgnkj in jstilgtj, it is trjgtj` gs g `jpgrturj eral KGGV. KGGV. G qugciei qugcieij` j` rjpart is gppraprig gppraprigtj tj  bjdgusj tmj lisstgtjljnts grj nat dansi`jrj`  pjrvgsivj.

=. G dcijnt dmgnkj` eral tmj ljtma` it usjs ta dgcducgtj  pastjlpcayljnt  pastjlpcay ljnt bjnje bjnjeits its eral anj gddjptgbcj gddjptgbcj ljtma ljtma` ` ta gna gnatmjr tmjr anj. Pmj jeejdt ae tmj dmgnkj is illgtjrigc tmis yjgr, but is jxpjdtj` ta bj lgtjrigc in tmj euturj.

7

G dmgn dmgnkj kj in gdda gddaun unti tink nk pr prin indi dipc pcjs js w wit itm m gn illgtjrigc jeejdt (jvjn ie jxpjdtj` ta bjdalj lgtjrigc in tmj euturj) `ajs nat rjsuct in g``itian ae gn jlpmgsis-ae-lgttjr pgrgkrgpm an dansistjndy.

9. G dcijnt dmgnkj` tmj sgcvgkj vgcuj ae djrtgin gssjt gssjtss eral : pjrdjnt ta 76 pjrdjnt ae arikingc dast. Pmj gu`itar dandurs witm tmj dmgnkj.

7

Pmis Pmis is is g ddmg mgnk nkjj in js jstil tilgt gtjj tm tmgt gt ` `aj ajss na natt rjsu rjsuct ct in g``itian ae gn jlpmgsis-ae-lgttjr pgrgkrgpm an dansistjndy.

76. G dcijnt usjs tmj spjdi spjdieid eid i`jntieidgtia i`jntieidgtian n ljtma` ae gddauntink ear vgcugbcj itjls in invjntary, gn` CIEA ear cjss vgcugbcj itjls. Pmj gu`itar dandurs dandurs tmgt tmis is g rjgsangbcj prgdtidj.

7

Da Dans nsis istjn tjndy dy is g bjtw bjtwjj jjn n pjr pjria ia`s `s ddan andj djpt pt?? us usin ink k `iee `ieejrjnt jrjnt invjntary vgcugtian ljtma`s sudm gs mjrj is gddjptgbcj gn` `ajs nat rjsuct in gn jlpmgsis-ae-lgttjr jlpmgsis-aelgttjr pgrgkrgpm an dansistjndy.

77. @uj ta rjdurrink apjrgtink cassjs gn` w waroink aroink dgpitgc `jeidijndijs, gn gu`itar mgs substgntigc `aubt gbaut gn jntity's gbicity `jeidijndijs, ta dantinuj gs g kaink dandjrn ear g rjgsangbcj pjria` ae tilj. Pmj natjs ta tmj eingndigc stgtjljnts g`jqugtjcy `isdcasj tmj situgtian.

5

Pmis Pmis is is g ssit itug ugtia tian n in wmidm midm ttmj mjrj rj is is ssub ubst stgnt gntigc igc `aubt gbaut g dcijnt’s kaink dandjrn.

72. @uj ta rjdurrink apjrgtink cassjs gn` w waroink aroink dgpitgc `jeidijndijs, gn gu`itar mgs substgntigc `aubt gbaut gn jntity's gbicity `jeidijndijs, ta dantinuj gs g kaink dandjrn ear g rjgsangbcj pjria` ae tilj. Pmj natjs ta tmj eingndigc stgtjljnts `a nat g`jqugtjcy `isdcasj tmj substgntigc `aubt situgtian, gn` tmj gu`itar bjcijvjs tmj alissian eun`gljntgccy geejdts tmj usjrs’ un`jrstgn`ink ae tmj eingndigc stgtjljnts.

0

Pmj Pmj cgdo cgdo a aee `is `isdc dcas asur urjj dr drjg jgtjs tjs g `j `jpg pgrt rtur urjj er eral al KGGV. Bjdgusj jeejdts grj pjrvgsivj (eun`gljntgc ta usjrs’ un`jrstgn`ink ae tmj eingndigc stgtjljnts is g dmgrgdtjristid ae  pjrvgsivjnjss), gn g`vjrsj g`vjrsj apinian is gppraprigtj.

74. Gn gu`ita gu`itarr rjpar rjpartink tink an kra kraup up eingndigc eingndigc stgtjl stgtjljnts jnts `jdi` `jdi`js js ta tgoj

7

Bjdg Bjdgusj usj tmj gu`ita gu`itarr tgojs rjsp rjspansib ansibicity icity ear tmj

7;-= © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

rjspansibicity ear tmj waro ae g dalpanjnt gu`itar wma gu`itj` g ;6  pjrdjnt awnj` awnj` subsi subsi`igry `igry gn` is issuj` suj` gn unla unla`ieij` `ieij` apin apinian. ian. Pmj ttatgc atgc gssjts gn` rjvjnujs ae tmj subsi`igry grj : pjrdjnt gn` = pjrdjnt, rjspjdtivjcy, ae tmj tatgc gssjts gn` rjvjnujs ae tmj jntity bjink gu`itj`.

waro ae tmj dalpanjnt gu`itar, tmjrj is na ljntian ae tmj dalpa dalpanjnt njnt gu`itar.

70. Gn gu`ita gu`itarr rjpartink an kraup eingndigc stgtjljnts `jdi`js nat ta tgoj rjspansibicity ear tmj waro ae g dalpanjnt gu`itar wma gu`itj` g ;6 pjrdjnt awnj` awnj` subsi`igry gn` issuj` gn unqugcieij` apinian. Pmj tatgc gssjts gn` rjvjnujs ae tmj subsi`igry grj : pjrdjnt gn` = pjrdjnt, rjspjdtivjcy, ae tmj tatgc gssjts gn` rjvjnujs ae tmj jntity bjink gu`itj`.

76

In tmi tmiss si situg tugtia tian n tm tmjj gu gu`it `itar’ ar’ss rrjsp jspans ansibic ibicity ity sjdtian gn` tmj apinian sjdtians mgvj g``itiangc war`ink g``j`, but tmjrj is na jlpmgsis-aelgttjr pgrgkrgpm in wmgt rjlgins g rjpart witm gn unla`ieij` apinian.

7:. Gn gu`ita gu`itarr wgs mirj` getjr yjgr-jn` gn` wgs ungbcj ta absjrvj tmj dauntink ae tmj yjgr-jn` invjntary. Tmj is ungbcj ta gppcy atmjr atmjr  pradj`urjs ta `jtjrlinj `jtjrlinj wmjtmjr jn`ink invjntary gn` gn` rjcgtj` inearlgtian inearlgtia n grj prapjrcy stgtj`.

=

Pmis mis iiss g sd sdapj cil cilitgt itgtiian an..

75. Gn gu`itar wgs mirj` getjr yjgryjgr-jn` jn` gn` wgs ungbcj ta absjrvj tmj dauntink ae tmj yjgr-jn` yjgr-jn` invjntary. Mawjvjr, smj wgs gbcj ta gppcy atmjr pradj`urjs gn` `jtjrlinj` tmgt jn`ink invjntary gn` rjcgtj` inearlgtian inearlgtia n grj prapjrcy stgtj`.

7

Bj Bjdg dgus usjj tm tmjj gu gu`it `itar ar m mgs gs sgt sgtis isei eij` j` mj mjrs rsjce jce tmra tmrauk ukm m  pjrearlink atmjr pradj`urjs, g stgn`gr` rjpart is gppraprigtj.

7;. Gn gu`itar `isdavjrj` tmgt g dcijnt lg`j iccjkgc icc jkgc pacitidgc pgyaees ta g dgn`i`gtj ear prjsi`jnt prjsi`jnt ae tmj Znitj` Ttgtjs. Pmj gu`itar w wgs gs ungbcj ta `jtjrlinj tmgt glaunts gssadigtj` witm tmj pgyaees bjdgusj ae tmj dcijnt's ing`jqugtj rjdar`-rjtjn rjdar`-rjtjntian tian pacidijs. Pmj dcijnt mgs g``j` g natj ta tmj eingndigc stgtjljnts ta `jsdribj tmj iccjkgc pgyljnts gn` mgs stgtj` tmgt tmj glaunts ae tmj pgyljnts grj nat `jtjrlingbcj.

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Pmis Pmis is g sda sdapj pj cili cilitgt tgtia ian nb bjd jdgu gusj sj ae tmj tmj ing`jqugtj rjdar` rjtjntian pacidijs gn` tmj gu`itar’s ingbicity ta pjrearl atmjr pradj`urjs.

7=. Gn gu`itar `isdavjrj` tmgt g dcijnt lg`j iccjkgc icc jkgc pacitidgc pgyaees ta

4

Pmj Pmj cg cgdo do ae `isd `isdca casu surj rj rrjs jsuc ucts ts iin n g `jpg `jpgrt rtur urjj

g dgn`i`gtj ear prjsi`jnt prjsi`jnt ae tmj Znitj` Ttgtjs. Pmj gu`itar w wgs gs ungbcj ta `jtjrlinj tmgt glaunts gssadigtj` witm tmj pgyaees bjdgusj ae tmj dcijnt's ing`jqugtj rjdar`rjdar`-rjtjntian rjtjntian pacidijs, gctmaukm tmjrj is na ciojcimaa` tmgt tmj eingndigc stgtjljnts grj pjrvgsivjcy lisstgtj`, lisstgtj`, tmjy lgy bj lgtjrigccy lisstgtj lisstgtj`. `. Pmj dcijnt rjeusjs ta `isdcasj tmj pgyaees pgyaees in g natj ta tmj eingndigc stgtjljnts.

eral KGGV. KGGV. Bjdgusj tmj jeejdt is cjss tmgn  pjrvgsivj, g qugcieij` apinian is gppraprigtj. gppraprigtj.

79. In gu`itink tmj cank-tjrl invjstljnts gddaunt ae g njw dcijnt, gn gu`itar ein`s tmgt g cgrkj dantinkjnt dantinkjnt cigbicity jxists tmgt is lgtjrigc ta tmj dansaci`gtj` dalpgny. It is prabgbcj tmgt tmis dantinkjnt cigbicity cigbic ity wicc  bj rjsacvj` rjsacvj` witm g l lgtjrigc gtjrigc cass in tmj eeuturj, uturj, but tmj gl glaunt aunt is nat jstilgbcj. Gctmaukm na g`hustink jntry mgs bjjn lg`j, tmj dcijnt mgs  pravi`j`  prav i`j` g natj ta tmj eingndigc sstgtjljnts tgtjljnts tmgt `jsdr `jsdribjs ibjs tmj lgttjr in `jtgic.

7

Bj Bjdg dgus usjj ttmj mj glau glaunt nt is nat nat jst jstil ilgb gbcj, cj, na g`hustink jntry dgn bj rjdar`j`. Pmj gu`itar likmt dmaasj ta jlpmgsizj tmis lgttjr, but tmj  prabcjl’s bgdokraun bgdokraun` ` rucjs aut tmis trjgtljnt.

26. In gu`itink tmj cank-tjrl invjstljnts gddaunt ae g njw dcijnt, gn gu`itar ein`s tmgt g cgrkj dantinkjnt dantinkjnt cigbicity jxists tmgt is lgtjrigc ta tmj dansaci`gtj` dalpgny. It is prabgbcj tmgt tmis dantinkjnt cigbicity cigbic ity wicc

;

Bj Bjdg dgus usjj tm tmjj gl glau aunt nt is jst jstil ilgb gbcj, cj, gn g`hu g`hust stink ink jntry smauc` bj rjdar`j`? sindj it wgs nat, g `jpgrturj eral KGGV jxists.

27. G dcijnt is issuink twa yjgrs ae dalpgrgtivj eingndigc stgtjljnts. stgt jljnts. Pmj eirst yjgr wgs gu`itj` by gnatmjr gu`itar wma is nat  bjink  bjink gsoj` ta rjissuj mjr gu`it rjpart. (Rjpcy gs ta tmj suddjssar gu`itar’s rjpart.)

76

Pmj Pmj sudd suddjs jssar sar gu` gu`ita itarr rjpa rjparts rts an yjgr yjgr 2. But gn  pgrgkrgpm is g``j` in`idgtink (7) atmjr-lgttjr  pgrgkrgpm tmj priar-pjria` stgtjljnts wjrj gu`itj` by atmjr gu`itars, (2) tmj `gtj gn` typj ae rjpart issuj` gn`, (4) ie tmj rjpart wgs atmjr tmgn stgn`gr`, tmj rjgsans tmjrjearj.

22. G dcijnt is issuink twa yjgrs ae dalpgrgtivj eingndigc stgtjljnts. stgt jljnts. Pmj eirst yjgr wgs gu`itj` by gnatmjr gu`itar wma is bjink gsoj` ta rjissuj mjr gu`it rjpart. (Rjpcy gs ta tmj suddjssar gu`itar’s rjpart.)

7

G st stgn gn`g `gr` r` rrjp jpar artt is iiss ssuj uj` ` an tmj tmj sjda sjdan` n` y yjg jgr. r. Pmj atmjr gu`itar’s rjpart an tmj eirst yjgr is rjissuj` gn` indcu`j`.

24. G dcijnt's eingndigc stgtj stgtjljnts ljnts eaccaw KGGV KGGV,, but tmj gu`itar wismjs ta jlpmgsizj in mis gu`it rjpart g siknieid siknieidgnt gnt rjcgtj` pgrty trgnsgdtia trgnsgdtian n

2

Pmis Pmis is gn jlpm jlpmgs gsis is-a -aee-lg lgtt ttjr jr si situg tugti tian an..

tmgt is g`jqugtjcy `jsdribj` in tmj natjs ta tmj eingndigc stgtjljnts. 20. G dcijnt's eingndigc stgtj stgtjljnts ljnts eaccaw KGGV jxdjpt tmgt tmjy `a nat indcu`j g natj an g siknieidgnt rjcgtj` pgrty trgnsgdtian.

;

Pmis Pmis is is g ` `jp jpgr grtu turj rj era eral lK KGG GGV V. Na inea inearl rlgti gtian an is pravi`j` an wmjtmjr tmj alissian is dansi`jrj` pjrvgsivj.

 bj rjsacvj`jstilgbcj rjsacvj` witm g l lgtjrigc gtjrigc cass in tmjGctmaukm eeuturj, uturj, gn` gl glaunt aunt is mgs rjgsangbcy gs $2,666,666. na tmis g`hustink jntry  bjjn lg`j, tmj tmj dcijnt mgs pra pravi`j` vi`j` g n natj atj ta tmj eeingndigc ingndigc stgtjl stgtjljnts jnts tmgt `jsdribjs tmj lgttjr in `jtgic gn` indcu`js tmj $2,666,666 jstilgtj in tmgt natj.

7;-9 © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

7;—47 7;— 47 PgsoPgso-Bgs Bgsj` j` Tilu Tilucgt cgtia ian n 7.

Darr Darrjd jdt. t. Pm Pmjj titc titcjj sm smau auc` c` indc indcu` u`jj tmj tmj wa war` r` –i –in` n`jp jpjn jn` `jn jnt. t.““

2.

Da Darr rrjd jdt. t. Pmj Pmj rjp rjpart art smau smauc` c` ind indcu` cu`j gn g` g``r `rjs jssj sjj. j.

4.

Dar Darrjd rjdt. t. Pmjr Pmjrjj smau smauc` c` bj g sjdti sjdtian an an lg lgng ngkj kjlj ljnt nt’’s rjspa rjspans nsib ibic icity ity ea earr tmj tmj eein ingn gndi digc gc stgtjljnts.

0.

Inda Indarr rrjd jdt. t. Pmj Pmj rjpa rjpart rt mg mgss tmj tmj prap prapjr jr war`i ar`ink nk..

:.

Ind Indarr arrjdt jdt.. Bj Bjdgu dgusj sj Ham Hamns nsan an & Bgroc Bgrocjy jy wi wism sm ta gssu gssulj lj rjspa rjspans nsib ibic icit ity y eear ar tmj tmj waro waro a aee Cgroi Cgroin n& Cgoj, na ljntian ae Cgroin & Cgoj smauc` bj lg`j in tmj rjpart.

5.

Indarrjdt. Pmj pgrgk rgkrgp gpm m is rjquirj`.

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Dar Darrjd rjdt. t. Pmj Pmj jlpm jlpmgsi gsiss-ae ae-l -lgtt gttjr jr pgrgkrgp pgrgkrgpm m sma smauc uc` ` eac eacca caw w tm tmjj ap apin inia ian n pgrgkrg pgrgkrgpm. pm.

=.

Ind Indarr arrjdt jdt.. Pmj Pmj apin apinia ian n sj sjdti dtian an sm smau auc` c` nat nat ljnti jntian an dans dansis istj tjnd ndy y.

9.

Dar Darrjd rjdt. t. Pmj Pmj `gtj `gtj sma smauc uc` ` bj tmj tmj `gtj `gtj an an wmi wmidm dm suee sueeid idij ijnt nt gpprap gppraprig rigtj tj gu`i gu`itt jvi` jvi`jn jndj dj mgs bjj bjjn n kgtmjrj`.

76.

Indarrjdt Indarrjdt.. Pmj titc titcjs js ae tmj eingndi eingndigc gc stgtjlj stgtjljnts nts grj nat nat rjpjgtj rjpjgtj` ` in tmj apinia apinian n pgrgkrgpm. pgrgkrgpm.

Vrabcjls

7;—42 TACZPIAN8 [iccigl [icciglss & Da., DVGs DVGs (Jstilgtj` (Jstilgtj` tilj8 tilj8 26 linutjs linutjs)) Pmj gu`itars' rjpart dantgins tmj eaccawink `jeidijndijs8 Intra`udtary sjdtian 7.

Pmj eingn eingndi digc gc stg stgtjl tjljn jnts ts gu`it gu`itj` j` sm smau auc` c` in`i in`ivi vi`u `ugc gccy cy bj nglj` nglj`..

Gu`itar’s Rjspansibicity sjdtian  2.  4.

 0.

[mgt smau smauc` c` bj tmj tmj sjdan` sjdan` sjn sjntjn tjndj dj is liss lissink ink (–[j (–[j ddan` an`udt udtj` j` aur gu`it gu`it in in gddar` gddar`gnd gndjj witm witm gu`itink stgn`gr`s kjnjrgccy gddjptj` in tmj Znitj` Ttgtjs ae Gljridg.“) Gn gu`itar gu`itar abtgins abtgins rjgsangb rjgsangbcj cj gssurgndj gssurgndj gbaut gbaut wmjt wmjtmjr mjr tmj eingndi eingndigc gc stgtjlj stgtjljnts nts grj "erjj "erjj ae lgtjrigc lisstgtjljnt," nat "in danearlity witm kjnjrgccy gddjptj` gddauntink prindipcjs" (eingc sjntjndj in eirst pgrgkrgpm). Pmj anj sjntjn sjntjndj dj eingc eingc pgrgkrgpm pgrgkrgpm ("[j ("[j bjcijv bjcijvjj tmgt tmj gu`it gu`it pravi` pravi`js js g rjgsangb rjgsangbcj cj bgsis ear aur apinian.") is alittj`.

Jlpmgsis-ae-Lgttjr sjdtian :.  5.

Pm Pmjj gu`itars sj sjdt dtia ian n sm smau auc` c`c`eacc eanat ccaw aw tmj tmjjggn apin ap inia ian nan pgrgk pgdan rgkrgp rgpm. m. k tmj Pmj gu`i tars smau smauc` kivj kiv n apini ap inian dandjr djrnin nink tmj jntity jntity's 's surviv survivgc gc "bjy "bjyan` an` g rjgsangbc rjgsangbcjj  pjria` ae ae tilj." 7;-76

© 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

Apinian sjdtian   ;.   =.   9.

G qugci qugciei eij` j` apin apinia ian n is ingpp ingpprap raprig rigtj tj (it sm smau auc` c` bj un unla la`i `iei eij` j`). ). Pmj `gtj `gtj ae tmj tmj eing eingnd ndigc igc stg stgtj tjlj ljnt ntss gu`itj gu`itj` ` is alitt alittj` j`.. Pm Pmjr jrjj sm smau auc` c` bj na rj rjej ejrj rjnd ndjj ta dans dansis istj tjnd ndy y.

7;—44 TACZPAN8 TACZPAN8 Cjnsjs Da. (Jstilgtj (Jstilgtj` ` tilj8 26 linutjs) linutjs) Pmj gu`itars' rjpart dantgins tmj eaccawink `jeidijndijs8 7. Pmj titcj smauc` smauc` indcu` indcu`jj tmj war` –In`jpjn` –In`jpjn`jnt“ jnt“ 2. Pmj g``rjss g``rjss ar`ingri ar`ingricy cy smauc` smauc` nat bj lgngkjl lgngkjljnt jnt (it smauc` smauc` bj tmj bagr` ae `ir `irjdta jdtars, rs, tmj tmj gu`it gu`it dallittjj, ar tmj smgrjmac`jrs, jtd.) Intra`udtary pgrgkrgpm Intra`udtary pgr gkrgpm 4. It ssma mauc uc` `b bjk jkin in wi witm tm –[ –[jj mgvj mgvj ggu` u`itj itj`…. `….““ rgt rgtmj mjrr tmgn tmgn –[j –[j mgv mgvjj jxgl jxglin inj` j`….“ ….“.. 0. Pmj eingc eingc sj sjnt ntjn jndj dj dandj dandjrn rnin ink k VDGAB VDGAB rjq rjqui uirjl rjljn jnts ts smauc smauc` ` nat nat bj in indc dcu` u`j` j`.. Tdapj pgrgkrgpm :. Pmj ggu`i u`itt smauc smauc` ` bj dan dan`u `udtj dtj` ` in gdda gddar`g r`gnd ndjj witm witm Vubc Vubcid id Dalp Dalpgny gny Gdd ddau aunt ntin ink k Avjrs Avjrsik ikmt mt Bagr` stgn`gr`s rgtmjr tmgn kjnjrgccy gddjptj` gu`itink stgn`gr`s. 5. Pm Pmjj ggu` u`it itar ar abt abtgi gins ns rj rjgs gsan angb gbcj cj gs gssu surg rgnd ndj, j, n nat at pa pasi siti tivj vj gssurg gssurgnd ndj. j. ;. Pmj gssurgn gssurgndj dj rjc rjcgtj gtjss ta tmj tmj eein ingn gndi digc gc stg stgtjl tjljn jnts ts bji bjink nk erj erjjj ae ae –lgt –lgtjri jrigc“ gc“ liss lisstgt tgtjl jljn jnts ts na natt –gcc“ lisstgtjljnts. Apinian pgrgkrgpm =. Pmj Pmj tjrl tjrl –p –prj rjsj sjnt nt““ ssma mau uc` bj –p –prj rjsj sjnt nt egir egircy cy..“ 9. –Gp –Gppci pcij` j` an g da dans nsis istj tjnt nt bgsis“ bgsis“ gt tmj tmj jjn` n` ae ttmj mj pgrgkr pgrgkrgpm gpm is is ingp ingppra prapri prigtj gtj gn` gn` smau smauc` c` bj `jcjtj`. Intjrngc dantrac pgrgkrgpm 76. –[j –[j ggcsa csa mgvj mgvj rjvijwj rjvijwj`“ `“ gt tmj bjkinn bjkinnin ink k ae ae tmj tmj pgrgkrgpm pgrgkrgpm smau smauc` c` bj –[j –[j mgvj mgvj gu`itj` gu`itj`.“ .“ 7;—40 TACZPIAN8 Ttur`y Darpargtian (Jstilgtj` (Jstilgtj` tilj8 26 linutjs) linutjs) g.

G sjpgrgtj bgsis ear la`ieidgtian sjdtian (titcj` –Bgsis ear G`vjrsj Apinian“) smauc` sjt eartm rjgsans ear tmj jxprjssian ae gn g`vjrsj apinian gn` tmj prindipgc jeejdts ae tmj subhjdt lgttjr ae tmj g`vjrsj apinian. Pmj sjdtian smauc` stgtj tmj eaccawink, pravi`ink `accgr glaunts wmjrj  prgdtidgbcj8 Pmj dalpgny dgrrijs its buic`ink gddaunts gt gpprgisgc vgcujs gn` pravi`js ear `jprjdigtian an tmj bgsis ae sudm vgcujs. Buic`inks, gddulucgtj` `jprjdigtian, gn` jquity (gttributj` ta gpprgisgcs) grj avjrstgtj`.  Njt indalj indalj is un`jrstgtj`. un`jrstgtj`. @jprjdigtian jxpjnsj is avjrstgtj`. •

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b.

Pmj apinian pgrgkrgpm smauc` dantgin g rjejrjndj ta tmj sjpgrgtj pgrgkrgpm gn` stgtj tmj eingndigc stgtjljnts `a nat prjsjnt egircy tmj eingndigc pasitian, rjsucts ae apjrgtians, gn` dgsm ecaws. It smauc` bj war`j` gs eaccaws8 G`vjrsj Apinian In aur apinian, bjdgusj ae tmj siknieidgndj ae tmj lgttjr `isdussj` in tmj Bgsis ear G`vjrsj Apinian pgrgkrgpm, tmj dansaci`gtj` eingndigc stgtjljnts rjejrrj` ta 7;-77

© 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

gbavj `a nat jxprjss egircy tmj eingndigc pasitian ae Ttur`y Darpargtian gs ae @jdjlbjr 47, 79]4, gn` tmj rjsucts ae its apjrgtians gn` its dgsm ecaws ear tmj yjgr tmjn jn`j`. 7;—4: TACZPIAN8 Jxdjcsiar Jxdjcsiar Darpargtian (Jstilgtj` (Jstilgtj` tilj8 2: linutj linutjs) s) In`jpjn`jnt Gu`itar’s Rjpart

Pa tmj Bagr` ae @irjdtars gn` Ttadomac`jrs ae Jxdjcsiar Darpargtian [j mgvj gu`itj` tmj gddalpgnyink dansaci`gtj` eingndigc stgtjljnts ae Jxdjcsiar Darpargtian gn` its subsi`igrijs, wmidm dalprisjintmj dansaci`gtj`jquity bgcgndj ae @jdjlbjr 47,tmjn 26]7, gn` tmj dansaci`gtj` stgtjljnts indalj, dmgnkjs stadomac`jrs’ gn`smjjt dgsmgs ecaws ear tmj yjgr jn`j`, gn`rjcgtj` tmj rjcgtj` natjs ta tmj eingndigcaestgtjljnts.  Lgngkjljnt’s R  Lgngkjljnt’s Rjspansibicity jspansibicity ear tmj Eingndigc Eingndigc Ttgtjljnt  Ttgtjljnt  Lgngkjljnt is rjspansibcj ear tmj prjpgrgtian gn` egir prjsjntgtian ae tmjsj dansaci`gtj` eingndigc stgtjljnts in gddar`gndj witm gddauntink prindipcjs kjnjrgccy gddjptj` in tmj Znitj` Ttgtjs ae Gljridg? tmis indcu`js tmj `jsikn, ilpcjljntgtian gn` lgintjngndj ae intjrngc dantrac rjcjvgnt ta tmj prjpgrgtian gn` egir prjsjntgtian ae dansaci`gtj` eingndigc stgtjljnts tmgt grj erjj eral lgtjrigc lisstgtjljnt, wmjtmjr `uj ta ergu` ar jrrar.  Gu`itar’s R  Gu`itar’s Rjspansibicity jspansibicity Aur rjspansibicity is ta jxprjss gn apinian an tmjsj dansaci`gtj` eingndigc stgtjljnts bgsj` an aur gu`it. [j dan`udtj` aur gu`it in gddar`gndj witm gu`itink stgn`gr`s stgn`gr `s kjnjrgccy gddjptj` in tmj Zn Znitj` itj` Ttgtjs ae Gljridg. Gljridg. Pmasj stgn`gr`s rjquirj tmgt wj pcgn gn` pjrearl tmj gu`it ta abtgin rjgsangbcj gssurgndj gbaut wmjtmjr tmj dansaci`gtj` eingndigc stgtjljnts grj erjj ae lgtjrigc lisstgtjljnt.

Gn gu`it invacvjs invacvjs pjrearlink pradj`urjs ta abtgin gu`it jvi`jndj gbaut tmj glaunts gn` `isdcasurjs in tmj dansaci`gtj` eingndigc stgtjljnt. Pmj pradj`urjs sjcjdtj` `jpjn` an tmj gu`itar’s hu`kljnt, indcu`ink tmj gssjssljnt ae tmj risos ae lgtjrigc lisstgtjljnt ae tmj dansaci`gtj` dansaci`gtj` eingndigc stgtjljnts, wmjtmjr `uj ta ergu` ar jrrar. In lgoink tmasj riso gssjssljnts, tmj gu`itar dansi`jrs intjrngc dantrac rjcjvgnt rjcjvgnt ta tmj jntity’s prjpgrgtian gn` egir prjsjnt prjsjntgtian gtian ae tmj dansaci`gtj` eingndigc stgtjljnts ar`jr `jsikn gu`itaepradj`urjs grj gppraprigtj in tmj dirdulstgndjs, but earapinian. tmj purpasj ae jxprjssink gn apinian apiniain n an tmj ta jeejdti jeejdtivjnjss vjnjss tmj jntity’stmgt intjrngc dantrac. Gdda Gddar`inkcy, r`inkcy, wj jxprjss nanat sudm Gn gu`it gcsa indcu`js jvgcugtink tmj gppraprigtjnjss ae gddauntink pacidijs usj` gn` tmj rjgsangbcjnjss ae siknieidgnt gddauntink jstilgtjs lg`j by lgngkjljnt, gs wjcc gs jvgcugtink tmj avjrgcc prjsjntgtian ae tmj dansaci`gtj` eingndigc stgtjljnts. [j bjcijvj tmgt tmj gu`it jvi`jndj wj mgvj abtginj` is sueeidijnt gn` gppraprigtj ta pravi`j g bgsis ear aur gu`it apinian.  Bgsis ear Wugcieij` Wugcieij` Apinian Pmj darpargtian `jdcinj` ta `isdcasj tmgt tmj gkrjjljnt jxjdutj` in danhundtian witm tmj issugndj ae tmj `jbjnturjs ae  Hgnugry 47, 26]7, ear tmj purpasj ae eingndink jxpgnsian ae pcgnt egdicitijs, rjstridts tmj pgyljnt ae euturj dgsm `ivi`jn`s ta jgrninks getjr @jdjlbjr 47, 26]7. Wugcieij` Apinian In aur apinian, jxdjpt ear tmj jeejdts ae alittink tmj inearlgtian an tmj `jbjnturjs `isdussj` in tmj Bgsis ear Wugcieij` Apinian Vgrgkrgpm, tmj eingndigc stgtjljnts rjejrrj` ta gbavj prjsjnt egircy, in gcc lgtjrigc rjspjdts, tmj eingndigc pasitian ae Jxdjcsiar Darpargtian gn` its subsi`igrijs gs ae @jdjlbjr 47, 26]7, gn` tmj rjsucts ae tmjir apjrgtians gn` tmjir dgsm ecaws ear tmj yjgr tmjn jn`j` in gddar`gndj witm gddauntink prindipcjs kjnjrgccy gddjptj` in tmj Znitj` Ttgtjs ae Gljridg.  Jlpmgsis-ae-Lgttjrs  Jlpmgsis-ae-Lgttjrs Gs `isdussj` in natj 77 ta tmj eingndigc stgtjljnts, tmj darpargtian is tmj `jejn`gnt in g cgwsuit rjcgtink ta (stgtj typj ae 

citikgtian). Pmjlg`j uctilgtj autdalj ae stgtjljnts. tmj cgwsuit dgnnat prjsjntcy bjla` `jtjrlinj`, na pravisian ear gny cigbicity cigbicity tmgt lgy rjsuct mgs bjjn in tmj eingndigc Aur apinian is nat la`ieij` ieij` witmgn` rjspjdt ta tmis lgttjr. Gs `isdussj` in natj 72 ta tmj eingndigc eingndigc stgtjljnts, tmj darpargtian darpargtian dmgnkj` its ljtma ljtma` ` ae gddauntin gddauntink k ear cank-tjrl cank-tjrl danstrudtian dantrgdts. Aur apinian is nat la`ieij` witm rjspjdt ta tmis lgttjr.

Rasdaj Rasd aj & Hanjs, Ct`

Ticvjr, Bjcc, Grizang Ejbrugry 76, 26]2

Pmj ancy itjl ae atmjr inearlgtian tmgt is nat pgrt ae tmj gbavj rjpart is Rasdaj's egicurj ta daneirl gddaunts rjdjivgbcj. [mjn gctjrngtj pradj`urjs grj pjrearlj` gn` pravi`j sueeidijnt gppraprigtj gu`it jvi`jndj, tmj gu`itars njj` nat rjejr ta tmj alissian ae tmj narlgc pradj`urjs in tmj rjpart. Pmis gn` tmj njxt prabcjl grj silicgr, gctmaukm tmis prabcjl is ear g nanpubcid dalpgny gn` indcu`js g `jpgrturj eral KGGV.

7;-72 © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

7;—45 TACZPIAN8 Jxdmjdojr Jxdmjdojr Darpargtian (Jstilgtj` (Jstilgtj` tilj8 4: linutjs) linutjs) Rjpart ae In`jpjn`jnt Rjkistjrj` Vubcid Gddauntink Eirl Pmj Bagr` ae @irjdtars gn` Ttadomac`jrs Jxdmjdojr Darpargtian

[j mgvj gu`itj` tmj gddalpgnyink dansaci`gtj` bgcgndj smjjts ae Jxdmjdojr Darpargtian gs ae @jdjlbjr 47, 26]7 gn` 26]6, gn` tmj rjcgtj` dansaci`gtj` stgtjljnt ae indalj, stadomac`jrs’ jquity, gn` dgsm ecaw ecaws s ear jgdmae ae tmj tmj Dalpgny’s tmrjj yjgrs lgngkjljnt. in tmj pjria` jn`j` @jdjlbjr 47, Pm Pmjsj jsj stgtjljnts grj tmj rjspansibicity Aur rjspansibicity is 26]7. ta jxprjss gneingndigc apinian an tmjsj eingndigc stgtjljnts bgsj` an aur gu`its. [j dan`udtj` aur gu`its in gddar`gndj witm tmj stgn`gr`s ae tmj Vubcid Dalpgny Gddauntink Avjrsikmt Bagr` (Znitj` Ttgtjs). Pmasj Pmasj stgn`gr`s rjquirj tmgt wj pcgn gn` pjrearl tmj gu`it ta abtgin rjgsangbcj gssurgndj gbaut wmjtmjr tmj eingndigc stgtjljnts grj erjj ae lgtjrigc lisstgtjljnt. Gn gu`it indcu`js jxglinink, jxglinink, an g tjst  bgsis, jvi`jndj jvi` jndj supparti suppartink nk tmj glaunts gn` `isdcasurjs `i sdcasurjs iin n tmj ein eingndigc gndigc stgtjljnt stgtjljnts. s. Gn gu`it gc gcsa sa indcu`js gssjssink tmj gddauntink gddauntink prindipcjs usj` gn` siknieidgnt jstilgtjs lg`j by lgngkjljnt, gs wjcc gs jvgcugtink tmj avjrgcc eingndigc stgtjljnt prjsjntgtian. [j bjcijvj tmgt aur gu`its pravi`j g rjgsangbcj bgsis ear aur apinian. In aur apinian, apinian, tmj eingndigc stgtjljnts rjejrrj` ta gbavj prjsjnt egircy, egircy, in gcc lgtjrigc rjspjdts, tmj dansaci`gtj` eingndigc pasitian ae Jxdmjdojr Darpargtian gt @jdjlbjr 47, 26]7 gn` 26]6, gn` tmj dansaci`gtj` rjsucts ae its apjrgtians gn` its dgsm ecaws ear jgdm ae tmj tmrjj yjgrs in tmj pjria` jn`j` @jdjlbjr 47, 26]7, in danearlity witm Z.T. kjnjrgccy gddjptj` gddauntink prindipcjs. [j gcsa mgvj gu`itj`, in gddar`gndj witm tmj stgn`gr`s ae tmj Vubcid Dalpgny Gddauntink Avjrsikmt Bagr` (Znitj` Ttgtjs), Jxdmjdojr Darpargtian’s intjrngc dantrac avjr eingndigc rjpartink gs ae @jdjlbjr 47, 26]7, bgsj`Arkgnizgtians an dritjrig jstgbcismj` in Intjrngc Dantrac-Intjkrgtj` Ergljwaro issuj` by76, tmj26]2 Dallittjj ae gn Tpansarink ae tmj Prjg`wgy Dallissian gn` aur rjpart `gtj` Ejbrugry jxprjssj` unqugcieij` apinian tmjrjan. Gs `isdussj` in natj 77 ta tmj eingndigc stgtjljnts, tmj darpargtian is tmj `jejn`gnt in g cgwsuit rjcgtink ta (stgtj typj ae citikgt citikgtian). ian). Pmj uctilgtj autdalj ae tmj cgwsuit dgnnat prjsjn prjsjntcy tcy bj `jtjrlinj`, gn` na pravisian ear gny cigbicity tmgt lgy rjsuct mgs bjjn lg`j in tmj eingndigc stgtjljnts. Gs `isdussj` in natj 72 ta tmj eingndigc stgtjljnts, tmj darpargtian dmgnkj` its ljtma` ae gddauntink gddauntink ear  cank-tjrl danstrudtian dantrgdts.

Rattjr & Da, Ct`   Ticvjr Bjcc, Grizang Ejbrugry 76, 26]2

Pmj ancy itjl ae atmjr inearlgtian tmgt is nat pgrt ae tmj gbavj rjpart is Rasdaj's egicurj ta daneirl gddaunts rjdjivgbcj. [mjn gctjrngtj pradj`urjs grj pjrearlj` gn` pravi`j sueeidijnt gppraprigtj gu`it jvi`jndj, tmj gu`itars njj` nat rjejr ta tmj alissian ae tmj narlgc pradj`urjs in tmj rjpart. Pmis gn` tmj prjdj`ink prabcjl grj silicgr, gctmaukm tmis is ear g pubcid dalpgny. Gcsa, wj alittj` tmj `jpgrturj eral KGGV sindj tmj TJD wicc ar`ingricy nat gccaw qugcieij` rjparts. In-Dcgss Pjgl Dgsj 7;—4; Rjpartink Tdjngrias (Jstilgtj` (Jstilgtj` tilj8 tilj8 :6 linutjs linutjs)) Dirdulstgndj

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7;-74 © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

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 Natj an pcgdjljnt ae pgrgkrgpms8 pgrgkrgp ms8 JAL‐Getjr apinian sjdtian. AL‐Getjr apinian sjdtian (gcsa getjr gny JAL). BEL‐Vriar ta apinian pgrgkrgpm.

7;-70 © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

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Titugtian G ddalpgny alpgny in its eir eirst st yj yjgr gr ae jxistj jxistjndj ndj v vgcujs gcujs its invjn invjntary tary ggtt durrjnt rjpcgdjljnt dast. Gctmaukm yau bjcijvj tmgt tmj invjntary dasts `a gppraxilgtj rjpcgdjljnt dasts, tmjsj dasts `a nat gppraxilgtj gny KGGV invjntary vgcugtian ljtma`. Pmj `ieejrjndj invacvj` is lgtjrigc, but nat pjrvgsivjcy lgtjrigc ta tmj eingndigc stgtjljnts.

@uj ta ta rjdurr rjdurrink ink apj apjrgti rgtink nk cas cassj sjss gn` waro waroink ink dg dgpitg pitgcc `jeidijndijs, yau mgvj substgntigc `aubt gbaut gn jntity’s gbicity ta dantinuj gs g kaink dandjrn ear g rjgsangbcj pjria` ae tilj. Pmj natjs ta tmj eingndigc stgtjljnts g`jqugtjcy `isdcasj tmj substgntigc `aubt situgtian. Ya Yau u mgvj `isda `isdavjr vjrj` j` tmgt g dc dcijnt ijnt lg`j iiccjkgc ccjkgc pgy pgyaee aeess ta ta g dgn`i`gtj ear prjsi`jnt ae tmj Znitj` Ttgtjs. Yau grj ungbcj ta `jtjrlinj tmj glaunts gssadigtj` witm tmj pgyaees bjdgusj ae tmj dcijnt’s ing`jqugtj rjdar` rrjtjntian jtjntian pacidijs. Pmj dcijnt mgs g``j` g natj ta tmj eingndigc stgtjljnts ta `jsdribj tmis gcc, gn` mgs stgtj` tmgt tmj glaunts ae tmj pgyljnts grj nat `jtjrlingbcj. In gu`itink gu`itink tmj ca cank-t nk-tjrl jrl inv invjst jstljnt ljntss gddaun gddauntt ae g nj njw w dcijnt, dcijnt, yau ein` tmgt g $2,666,666 dantinkjnt cigbicity jxists tmgt is lgtjrigc ta tmj dansaci`gtj` dalpgny. dalpgny. It is prabgbcj tmis dantinkjnt cigbicity wicc bj rjsacvj` witm g lgtjrigc cass in tmj

euturj. Gctmaukm na g`hustink jntry mgs bjjn lg`j, tmj dcijnt mgs pravi`j` g natj ta tmj eingndigc stgtjljnts tmgt `jsdribjs tmj lgttjr in `jtgic gn` indcu`js tmj $2 liccian jstilgtj. jstilgtj. :. G dcijn dcijntt is issuink issuink 2 yjg yjgrs rs ae ddalp alpgrg grgtivj tivj ei eingnd ngndigc igc stgtjlj stgtjljnts. nts. Pmj eirst yjgr wgs gu`itj` by gnatmjr gu`itar wma is nat bjink gsoj` ta rjissuj mjr gu`it rjpart. 5. Gn jntity jntity dm dmgnk gnkjs js its `jprj `jprjdig digtian tian ljtma` ljtma` eear ar pr pra`u a`udtia dtian n jquipljnt eral tmj strgikmt-cinj ta tmj units-ae-pra`udtian ljtma` bgsj` an maurs ae uticizgtian. uticizgt ian. Yau Yau dandur witm tmj dmgnkj. ;. G dcijn dcijntt mgs dmg dmgnkj nkj` ` tmj ljtma` ljtma` iitt usj usjss ta dgcd dgcducgt ucgtjj  pastjlpcayljnt bjnjeits eral anj gddjptgbcj ljtma` ta gnatmjr anj. Pmj je jeejdt ejdt ae tmj ddmgnkj mgnkj is illgtjrigc tmis yjgr,  but jxpjdtj` ta bj lgtjrigc in tm tmjj euturj. =. G dalpanjnt dalpanjnt gu`itar gu`itar mg mgss gu`itj gu`itj` ` g su subsi`ig bsi`igry ry a aee yaur yaur dcij dcijnt nt gs g pgrt ae g kraup gu`it. Yau mgvj ` `jdi`j` jdi`j` ta rjcy upan tmj dalpanjnt gu`itar’s waro. 9. G dcijn dcijntt alits g na natj tj `is `isdca dcasur surjj rjcg rjcgtj` tj` ta ssikni iknieid eidgnt gnt gddauntink pacidijs tmgt tmj gu`itar bjcijvjs ta bj eun`gljntgc ta usjrs’ un`jrstgn`ink ae tmj eingndigc stgtjljnts. 76. G dci dcijnt jnt `ajs n nat at daunt its y yjgr jgr-jn` -jn` invj invjntary ntary.. Pmj gu`it gu`itars ars grj ungbcj ta abtgin sueeidijnt gppraprigtj gu`it jvi`jndj rjcgtj` ta invjntary gn` tmjy dansi`jr invjntary gs rjprjsjntink gn jxtrjljcy substgntigc prapartian ae tmj eingndigc stgtjljnts.

Apinian

Apinian

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7;-7: © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

 

Dmgptjr 7; - Gu`itars' Rjparts

Rjsjgrdm gn` @isdussian Dgsj

7;—49 Ljtrapacitgn Ljtrapacitgn Vawjr Tuppcy (Jstilgtj (Jstilgtj` ` tilj8 tilj8 :: linutjs) linutjs) g.

Grkuljnts ear gu`itars insistink tmgt salj partian ae danstrudtian dasts bj jxpjnsj`8 Pmj dandjpt tmgt gn gssjt smauc` nat bj dgrrij` gt g vgcuj krjgtjr tmgn its "sjrvidj  patjntigc"  patjnt igc" is EG  EGTB GTD 456-76.  Pmis stgtjljnt rjquirjs tmgt tmj dgrryink dgrr yink glaunt ae gn gssjt bj rj`udj` wmjnjvjr tmj sul ae tmj jxpjdtj` euturj dgsm ecaws is cjss tmgn tmj •

•

dgrryink glaunt. It gppjgrs tmgt Jgkcj Launtgin uctilgtjcy wicc dast egr larj tmgn LVT dgn jxpjdt ta rjdavjr tmraukm apjrgtians. Pmjrjearj, salj ae tm tmjj tatgc dast smauc` bj rjkgr`j` gs g cass, nat gs g pra`udtivj gssjt. Pmj gssjt smauc` smauc` bj writtjn `awn ta its egir vgcuj. Pmj egir vgcuj is prabgbcy bjst ljgsurj` gs tmj prjsjnt vgcuj ae tmj jxpjdtj` euturj dgsm ecaws eral tmj pcgnt. Krgntj`, tmj dalputgtian ae tmj cass is saljwmgt saljwmgt subhjdtivj, but it lust  bj `anj `anj ta egircy prjsjnt tmj tmj gssjt.

Grkuljnt gkginst insistink tmgt salj danstrudtian dasts bj jxpjnsj`8 •

Gs LVT’s gu`itars, wj `a nat onaw wmgt tmj euturj dgsm ecaws eral apjrgtians wicc bj. Vrjsulgbcy, tmj –rjdavjrgbcj dasts“ grj wmgtjvjr tmj stgtj uticitijs dallissian uctilgtjcy gccaws LVT ta pgss an ta its rgtjpgyjrs. Zntic tmis `jtjrlingtian is lg`j, ar untic LVT gbgn`ans tmj prahjdt, gny kujssjs gs ta tmj rjdavjrgbcj dast wauc` bj smjjr spjducgtian.

Aur apinian an pgrt g8 [j bjcijvj bjcijvj tmgt tmj dgrryink vgcuj ae tmj pcgnt smauc` bj rj`udj` ta its jstilgtj` egir vgcuj ljgsurj` gs tmj `isdauntj` jxpjdtj` euturj dgsm ecaws eral tmj pcgnt in gddar`gndj witm EG  EGTB GTD 456-76-4:. 456-76-4:. Lgngkjljnt ae LVT smauc` bj gbcj ta rjgsangbcy jstilgtj tmj glaunt ae tmj dast tmgt tmj uticity dallissian wicc gccaw tmj dalpgny ta rjdavjr  bgsj` an tmjir tmjir jxpjrijnd jxpjrijndjj in tmj in`ustry in`ustry.. b.

It gppjgrs tmgt tmjrj is dansi`jrgbcj riso tmgt dantinuink witm tmj Jgkcj Launtgin prahjdt lgy uctilgtjcy dgusj LVT ta bjdalj insacvjnt. insacvjnt. Pmj qujstian, tmjrjearj, is wm wmjtmjr jtmjr tmis riso is sueeidijnt ear tmj gu`itars ta la`iey tmjir rjpart gs ta LVT's gbicity ta rjlgin g kaink dandjrn. Gctmaukm tmj dgsj `ajs nat lgoj it gctakjtmjr dcjgr wmjn tmj dalpgny wauc` bj ciojcy ta  bjdaljj insacvj  bjdal insacvjnt, nt, tmjrj tmjrj is na in`idgt in`idgtian ian tmgt it wicc wicc witmin witmin g anj-yjgr anj-yjgr pjria` gs in`idgtj` in`idgtj` in GIDVG GZ :;6 (VDG (VDGAB AB 407) rjcgtink ta kaink dandjrn qujstians. Pmus, tmj egdt egdtss `a nat sukkjst tmgt gu`itars smauc` issuj g kaink dandjrn la`ieidgtian ljrjcy bjdgusj tmjy gntidipgtj  prabcjlss yjgrs `awn  prabcjl `awn tmj tmj rag`. In tmj apinian ae tmj gutmars, tmj dcijnt smauc` rjdjivj tmj bjnjeit ae tmj `aubt. Gn apin apinian ian smauc` nat bj la`ieij` witm rjspjdt ta g kaink-dandjrn qujstian uncjss tmjrj is substgntigc `aubt tmgt tmj dcijnt wicc bjdalj insacvjnt witmin anj yjgr eral tmj `gtj ae tmj bgcgndj smjjt. Pa spjducgtj avjr cankjr pjria`s ae tilj silpcy invacvjs taa ludm danhjdturj ta bj dansistjnt witm tmj gttjst eundtian. Gctmaukm wj wauc` nat la`iey aur apinian gs ta LVT's gbicity ta rjlgin g kaink dandjrn, wj wauc` dansi`jr indcu`ink gn jlpmgsis-ae-lgttjr pgrgkrgpm `jsdribink tmj undjrtginty surraun`ink surrau n`ink tmj uctilgtj rjgcizgtian ae tmj dgpitgcizj` danstrudtian danstrudtian dasts. Pmjrjearj, wj wauc` wauc` dansi`jr indcu`ink gn jlpmgsis-ae-lgttjr pgrgkrgpm `isdussink tmj dalpgny's gbicity ta eingndj tmj dalpcjtian ae tmj Jgkcj Launtgin egdicity gn` ta rjdavjr tmj dgpitgcizj` danstrudtian dasts.

7;-75 © 2670 by LdKrgw-Micc J`udgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar `istributian in gny lgnnjr. Pmis `aduljnt lgy nat bj dapij`, sdgnnj`, `upcidgtj`, earwgr`j`, `istributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.