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PI-7A The following events concern Anita LeTourneau, a Manitoba law school graduate, for March 2014: 1. On March 4, she spent $20 on a lottery
- PI-7A The following events concern Anita LeTourneau, a Manitoba law school graduate, for March 2014: 1. On March 4, she spent $20 on a lottery ticket. 2. On March 7, she won $250,000 in the lottery and immediately quit her job as a junior lawyer. 3. On March 10, she decided to open her own law practice, and deposited $50,000 of her winnings in a business chequing account, LeTourneau Legal Services. 4. On March 14, she purchased a new luxury condominium with a down payment of $150,000 from her personal funds plus a home mortgage of $200,000. 5. On March 15, Anita signed a rental agreement for her law office space for $2,500 a month, starting March 15. She paid the first month's rent, as it is due on the 15th of each month. 6. On March 19, she hired a receptionist. He will be paid $500 a week and will begin working on March 24. 7. On March 20, she purchased equipment for her law practice from a company that had just declared bankruptcy. The equipment was worth at least $15,000 but Anita was able to buy it for only $10,000. 8. On March 21, she purchased $400 of supplies on account. 9. On March 24, she purchased an additional $6,500 of equipment for her law practice for $3,000 plus a $3,500 note payable due in six months.
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