Essays on Creditor

Chapter III

This chapter will review the background of Real Property Law in the Kingdom of Saudi Arabia. In order to lay the foundation for comparisons in subsequent chapters, the elements of the Saudi judicial system and real property law will be reviewed. The background information pertaining to Saudi Arabia will feature the judicial court system, the property rights and real property ownership. A review of the current mortgage law in Saudi Arabia will be analyzed as well as possible reform to include the application of anti-deficiency laws.

Introduction

Saudi Arabia is governed by a monarchy. Its current legal system under the ...

CHAPTER II

This chapter will seek to conduct an absolute inquiry into what makes up security interest laws in the United States. In order to lay the foundation for comparisons in subsequent chapters, the three main elements of the study of the Saudi system will be reviewed here in the context of U.S laws with an emphasis on California state law. The features of the California legal system will include the assessment of foreclosure rules and patterns in California. This will include a detailed fact-based evaluation of CCP580 (b), CCP580 (d) and CCP726 (a). The different components will enable the study ...

Meaning of Chapter 7 liquidation and Chapter 11 reorganization

Chapter 7 liquidation entails a bankruptcy proceeding whereby a company or any other business organization closes all its operations and completely get out of business. Essentially, liquidation involves converting sellable company’s assets into cash. Therefore, Chapter 7 liquidation is a procedural undertaking which involves appointing a trustee to liquidate or sell the assets of the company that has been declared bankrupt, and use the proceeds from that liquidation to clear the debts owed by the company. The Chapter 11 of federal bankruptcy law is a legal proceeding in which companies are required to reorganize themselves. Reorganization of companies ...

About the report

The objective of this report is to assist One-World Investment Consortium, who is planning to invest £150 million in Thomas Cook PLC, a British global travel company listed on the London Stock Exchange under the ticker sign of ‘TCG’. We duly understand the impact of our professional recommendation on Consortium’s final decision making related to investment, and therefore, we intend to be comprehensive in the approach our analysis. As for the structure of this report, it will be a two-part report. In the first section of the report, we will evaluate the past 5 year(2007-2011) financial performance ...

The case Thompson v. North American Stainless, LP addresses the scope of the retaliation provision under Title VII that enables protection for the employees against the illegal actions of the employers. Title VII of the Civil Rights Act of 1964 permits retaliation cases in order to decrease the exposure to the discriminatory activity in actions of the employees. Meanwhile, this article states that the retaliation should be understood as the situation when the employee of the firm was fired or reassigned as well as he was deprived of the certain range of the benefits if the employer considered them ...

Business

Question 1 In this case, the first loan agreement was between Agile Corporation and Hi Finance Company. The collateral attached to the loan protects the interest of the lender (HFC) such that if the borrower defaults, the lender can use the collateral against the amount borrowed. When a party enters into such transaction and a valid agreement is made, the transaction is secured. HFC, being the first lender, is referred to as the senior lender and has priority over the collateral. Metro Bank is the second lender hence the loan is junior to that of HFC. The interest of ...

Describe civil and criminal penalties that might arise from Ima’s death

Under the provisions of the Occupational Health and Safety Act (OSHA) 1970, all employers are responsible for creating adequately safe working environment (Pinnington, Macklin & Campbell, 2007). The possibilities of employee contact with uninsulated wire is a situation, when life of this employee becomes jeopardized, as well as there is a possibility of getting serious bodily damages. In this case, the affected employee, or the family members are entitled to claiming general damages from the employee. Furthermore, because the omissions of Walexron are conspicuously blatant (uninsulated wire obviously poses a huge hazard to the employee and visitors of the facility) ...

The process of borrowing a loan from any bank begins with an expression of interest by the borrower to borrow such funds as he might require. Thereafter, it is the obligation of the lending institution, Community bank in this case, to conduct an objective and fair evaluation of creditworthiness of the borrower. The credit evaluation process is a clearly outlined procedure that varies from one creditor to another and it seeks to ascertain the degree and ability of the borrower to repay the borrowed funds as agreed at the time of borrowing. ("eCFR — Code of Federal Regulations", 2016) The ...

Abstract

Debt covenants have become one of the major issues that affect the operations of the firm. Many scholars have come up with different ways in which they can leverage this problem. There are many theories of corporate governance that try to solve these problems that face managers of financial institutions. Most of these theories defy the debt covenant perspective and the corporate governance problems in relation to how equity and debt holders affect the director’s ability to act in the interests of the providers of capital. Banks as financial intermediaries have special attributes that increase the standard corporate ...

How the Changes in the Insolvency Act of Mauritius in 2009 Have Changed How Mauritius Handles Bankruptcy and Insolvency?

Insolvency is having more debts then assets that are available to pay them. Insolvency is also determined when a bankruptcy court decides that a person or a business cannot earn the needed funds to pay off all of their debts. The court can then choose to discharge some or all of the debts. This leaves the creditors not getting the money that they are owed. In many cases the insolvent is permitted to retain a few assets. The changes brought to the insolvency act of Mauritius in 2009 have modernized the way Mauritius deals with bankruptcy and insolvency. This ...

Question 1

The balance of payment is defined as the way in which countries use to monitor all financial and monetary transactions within a specified period. The balance of payment is conducted in each country on a quarterly and annual basis. Ideally, the balance of payment is supposed to be zero for a country indicating identical assets and liabilities. However, this is rarely the case since a country may end up borrowing more than it can pay and is thus said to be in deficit or a country could have more than what it owes and is thus termed as being ...

Increasing Abuse of Bankruptcy in Florida

Introduction Bankruptcy is very popular throughout the current economy. The number of individuals who are filing Chapter 7 bankruptcy increases every year. In January of 2007, 1,382 individuals filed for Chapter 7 bankruptcy throughout the state of Florida. In June of 2013, 4,176 individuals filed for Chapter 7 bankruptcy in Florida (Bankruptcy Information, 2016). This has a lot to do with the amount of advertising that bankruptcy lawyers are doing in order to attract more customers to their firm. Not only does their advertising encourage traffic to their law firm, it also gives the lawyer the opportunity ...

Creditors’ Rights and Collection Option

The first attempts by many creditors during debt collection never involve the courts. Creditors can directly contact debtors and demand payment. Failure to this attempt, the creditor has the right to transfer the account of the debtor to another business having the primary focus on collecting debts (Sorell, p. 77-81).

Debtors’ rights

The failure of not paying a debt is not a crime in general context even though it breaks agreements or contracts between debtors and creditors but failing to pay certain court-ordered debts like child support can cause criminal charges. Apart from some bankruptcy situations, debtors will have the choice ...

Negotiation has come to increasingly represent a critical component in numerous contexts: business, political, social and educational. Compared to earlier approaches to governance and management across different contexts, a governor / leader / educator used to impose her own view on direct and indirect stakeholders. The rules and policies of engagement are, in a business context, numerous and are a function of corporate culture including not only "basic" benefits and perks additional to compensation but also, in more "informal" work settings, working hours and layout design. Two best negotiation strategies are, for current purposes, discussed: Do Your Research and ...

Research Paper

Research Paper

Introduction

High Technology Corporation (HTC) is an established maker of a variety of electronic components, and it serves an international market. HTC is now fully-integrated wireless communication service for worldwide use. However, to establish its brand in the global market, it has to dominate in its B2B activities. In this regard, it is useful if HTC invests in a global electronic brand in the international market. In the assignment, Apple Inc. has been selected for investment by HTC. The paper would conduct the financial assessment of Apple from a comparative perspective, to provide investment feasibility for HTC.

Background and Industry

Apple ...

MONITOR AND CONTROL FINANCES

Budget variation report The budget variation report (on Excel) indicates both favourable and adverse variances in revenue and cost items. The full year’s sales are 3% less than the budgeted amount. Greater variations were seen in quarters 1 and 4 when the actual sales were 20% less than the budgeted sales. Quarters 2 and 3 saw an improved performance with favourable variances of 20% and 7% respectively. There were no variations in direct wages since they are based on contracts between the employees and the company. The favourable variance in commission expenses was due to the variance in ...

In the world, there are two basic models of sport financing, namely American and European, which many Asian and Latin American countries also tend to. The first is characterized by the absence of direct support for sports from the budget of the country and the large number of tax incentives for the private sector, investing in the sports movement. The second model is characterized by mixed financing with a predominance of the state budget. The fact that the mass, children’s and youth sports and recreation movement are largely funded from local budgets is common to both models (Swayne ...

The objective with which the report is being prepared is the financial analysis of the books of accounts and the ratios of Specialty Fashion Group, which has been listed in the Stock Exchange as a fashion house in Australia. The attempt made will be examination of necessary ratios that explain all kinds of profitability, efficiency, long term solvency, short-term solvency and the returns on shareholder’s investments (Accountingedu.org, 2016). A comparative analysis is to be made between ratios of different years to understand the rising trends and to track performance indicators. The conclusion should then bring out whether there ...

The scenario raises issues dealing primarily with consideration and variation of a contractual agreement. The issues arising are primarily two; the validity of variation of terms made between Kitchens for You Ltd (KFY) and Lizzie Tyler and the enforceability of the original agreement arrived at by Kitchens for You Ltd (KFY) and Lizzie Tyler. Firstly, KFY and Lizzie Tyler have a valid contract that is enforceable under which KFY agreed to refurbish the kitchen and seating area, to cope with the increased orders from the café/seating area and the takeaway counter for a total cost of £32,370. ...

Answer 1

As a legal person, a company can be sued by any person if the directors had entered into a contract with the person and failed to honor the deal, therefore, resulting to financial loss to either party. However, recent case laws have shown that there are instances when directors can be held liable or personally liable for any financial loss to a creditor or any other party. An instance where a company’s director makes statements on behalf of the company that can be considered as lies or misrepresentation of the company can result to the civil suit against both the company and the ...

The insolvency law has always held much interest in the people all around the world. The Cork report of 1982 greatly improved the insolvency law along with various other statutes that regard insolvency and bankruptcy. The Cork report originates from Kenneth Cork, who served at the cork committee that was responsible for making law recommendations regarding insolvency, bankruptcy, and liquidation of wealth. They formulated a comprehensive procedure that finally harmonized the law procedures for bankrupt businesses and increased their chances of survival (CAMAC 2010). The legal procedure recommended by Cork accentuated upon the similar system of insolvency courts to administer ...

Question 1

Jurisdiction is a term used to define the powers of a court. Personal jurisdiction refers to the power of a given court to give judgments against a particular defendant while subject-matter jurisdiction refers to the power of a court to hear and make judgments on a particular type of case (Chao and Christine, 9). Parties to a contract have considerable freedom in formulating terms of a contract. This includes resolution of disputes arising from the contract. Minimum contract law can be used to determine if a court in one state has personal jurisdiction over a defendant from another state. The relevance of the minimum contract rule is that it ...

Abstract

Financial statements suffice for purposes of communication of financial and non-financial information to end consumers. These consumers in one way or another use the information in the decision making situations they are confronted with. Some of the basic financial statements include; the statement of income, the statement of financial position, the statement of cashflow and the statement of changes in equity and reserves. On the other hand, consumers of financial statements can be divided into two broad groups; internal consumers and external consumers. Internal consumers include managers and employees while external consumers are creditors, investors and government regulatory bodies. ...

What are the Economic Benefits and Drawbacks of National Level Bailouts by International Organizations?

Identification of Problem The Greek Debt Crisis has recurrently been on the headlines of news reports for the past decade. In 2010, it can be remembered that the first set of austerity measures were introduced and implemented by the Greek Parliament in order for it to receive yet another bailout after the recent Great Financial Crisis of 2008 hammered the already recovering Greek economy down. Before the first set of austerity measures was implemented and the second bailout package was delivered, Eurozone and Euro Group officials were facing the risks of shouldering the potential losses of allowing an ...

Florida is widely known for its most generous homestead exemptions laws in the United States. The main benefit of those laws is that they prevent individuals from becoming homeless in the event of forced sale “before and at death”. The Florida Constitution (Article 10, section 4) provides that homestead property in Florida is “exempt from forced sale under process of any court”. Thus, the homestead legislation allows individuals to register their real property as “homestead” which makes such property unreachable to creditors. If the judgment is obtained against the owner of homestead property, Florida homestead exemption laws provide that ...

History

Slavery in Ancient Rome The main source of slaves in ancient Rome was the capture of prisoners. Namely, the captive foreigners constituted the overwhelming majority of slaves in ancient Rome, as evidenced by the analysis of numerous written sources, in particular, gravestone inscriptions. For example, as pointed out by the famous French historian S. Nikole, most slaves in Sicily at the end of the II. BC. e. (when slavery on the island reached the largest scale) were born in Asia, Syria, and Greece, which were captured by Rome before. For them, the slave was associated with the ...

Lawrence v. Fox. Citation: 20 N.Y. 268; 1859 N.Y. LEXIS 192

Facts

The Plaintiff, Holly decided to loan the money to a person on the guarantee of the defendant, and therefore, the defendant is obligated to pay the amount because the contract that she helped create did not materialized as intended so she had to bear the costs of her actions. The defendant’s side however claimed that he does not have to do anything about the issue of nonpayment because he was not a direct and contributing party to the contract, and therefore , the motion against qualify as a wrongly developed ...

- According to "What Compliance Looks Like," What 4 basic elements of the Red Flags Rule must one include in their Identity Theft Prevention Program? - They must include logical policies and measures. - In the program structural design, it must be able detect and deter red flags identified - The system should have well outlined counter measures to follow in case of red flag detection. - The system must be kept up to date to enable new threats detection.2. Who must comply with the Red Flags Rule? The major complaints of the program ...

The addition of a new shareholder in farming solutions limited has taken a different change. It is so since Jed is now a minority shareholder who opens his own business just after being a shareholder. The objective is to understand about duties of directors like henry, the law on the protection of the minority shareholders, in this case Jed. The different types of meetings held once a company has been incorporated are also of interest. It also aims to establish the rights of shareholders and debenture holders and the effect of the liquidation process on employees, directors, creditors, and everyone else involved in the ...

- Introduction Nectar Sweets Plc is a company with the main shop in Hong Kong. It is experiencing cash flow problems and is seeking an increase in the overdraft facility from the bank. Statements of the company reveal that its operations are profitable, but it is not efficient in collecting debt. The report identifies and analyses the company’s problems and recommends possible solutions. In addition, it uses financial ratios to assess the performance of the firm. - Problems facing the company - Nectar Sweets Plc has a problem in collection of its accounts receivables. The company takes a ...

Business Law

Introduction: The business environment are governed by laws and when it comes to business law it encompasses numerous topics related to the mechanics of business in relation to the running of the business in a manner that is within the parameters of the laws. The running of the business that entails the start of the business, the buying and selling for starting the business, and the subsequent managing and then the closing of the business. The lawmakers govern the laws.

The lawmakers are the establishment that in essence sets the course of laws concerning the running of the ...

Business Law

1. List and explain the four (4) requirements of a valid contact and the two (2) defenses to the enforceability of a contract. Cite and explain two cases from the textbook that discuss contract law.

Agreement (Offer and Acceptance).

When one party proposes something to another, he is said to make an offer. If a party agrees to the proposal without any change in it, he is considered to have made the acceptance of that offer. An offer is always confused with an invitation to treat. Advertisements and displays in shops are the examples. They are not offers, but an invitation to treat. An acceptance must ...

IRISH EQUITY LAW

IRISH EQUITY LAW The Mareva injunction is a very powerful remedy which if improperly invoked will bring about an injustice, something that it was designed to prevent’

Introduction

- Definition of Mareva Injunction: A Mareva Injunction is defined “as an injunction which freezes a defendant’s assets, preventing their dissipation, and ensuring that they shall be available to the plaintiff, in the event that the plaintiff succeeds in the trial of action.” In the case of Bank Mellat v Nikpour, the judge described Mareva injunction as “one of the law’s two nuclear weapons”. In O’Mahoney v Horgan ...

Introduction 3

Advantages, Disadvantages and Incorporation Consequences 4 General Partnership 4 Control 5 External Liability 5 Fiduciary Duty 6 Duty of Care 7 The Equality Act 2010 (EA 2010) 8 The Employer’s duty 8 Potential Consequences 8 Unlawful Behavior 8 Objective Justification 9 Health and Disability 9 Decision Pertaining to Vacations 9 Vacations for sickness 10 Conclusion 11

References 12

Introduction There were numerous situations that developed an unincorporated business structure a highly practical driver for a given business entity. Usually, the reflection of tax was highly momentous. Additionally, ...

Scenario 1

Since Johnson Corporation repurchased the shares for purposes of resale and not for constructive retirement, they are treated as treasury shares. Gain on sale of treasury stock is treated as a capital surplus. The Controller of Johnson Co. should credit the amount in the capital surplus account. On the date of repurchase of these shares, an entry is made to reduce capital by the cost incurred by the firm to repurchase the shares.

The Controller should make the following entry:

DR Treasury Stock 700 CR: Capital Surplus/ 700 Specific reference and associated literature ASC 505-30 states the guideline for the treatment of gains on ...

Bankruptcy is the process by which a debtor who is unable to pay his creditors, can discharge his debts and get a “fresh financial start”. The most common types of bankruptcy are known as Chapter 7, Chapter 13 for individuals or small businesses and Chapter 11 for larger businesses. Chapter 7 is a liquidation of all the debtor’s assets where the proceeds are used to pay off your creditors. Once all the proceeds are spent, the debtor will be “discharged” from bankruptcy and will no longer be personally liable for most of the debts owed to creditors. Chapter 13 gives the ...

Chapter Two: Real Estate Lending Decision in Kuwaiti Banks

Literature Review

The five Cs of credit model – character, collateral, capital, conditions and capacity, all serve as important indicators for gauging the inclination and aptitude of debtors in fulfilling the obligations they have to their respective creditors (Sraeel, 2005, p. 40, par. 5; Strischek, 2009, par. 2). It is thus advisable for creditors to make their decisions based on the five Cs of credit model in order for them to assess the creditworthiness of their respective debtors properly (Strischek, 2011, par. 1). The prominence of the five Cs of credit model resurged most recently during the 2008 global financial ...

Introduction

In property law a major area of contention is family property. Spouses may be left unprotected in the occurrence of break ups in marriage if the only rights they have is the evidence of acquired property while in marriage even with the contributions they have made in the family and the time and efforts put for the welfare of the family. Injustices may come up in cases where there is no family or financial contributions made by spouses as much as they have rights to each other’s property. The approach of community property as a choice for the division ...

Thesis Statement

Child labour, despite the misgivings that many people have about it, has many benefits which have been overlooked. These benefits yield substantial positive change to society and individuals, and therefore child labour should not be looked with disdain.

Introduction

Child labour is looked down upon in many cultures, and in the western world, it is viewed as something akin to a taboo. However, this perception is based on the relatively good economic conditions that exist in western countries, and the established social culture where children are expected and required to be schooling for the better part of their childhood. This is ...

CLOUDS AND INTELLECTUAL THUGGERY

Aristophanes’ cloud is a blatant attack on the sophists and a personal attack on Socrates. The sophists were a class of people who had a revolutionary frame of thought which did not conform to the social norms of their time. They believed in arguing about the validity of everything and using their cunningness and mental prowess to triumph in an argument. Aristophanes’ cloud shows how the teachings of the sophists at the Thoughtery went against common social convention of the time. The play focuses on the activities of the sophists to paint them in their true colors as people who went against social ...

In modern business, it is almost impossible not to transact without the use of credit. Often, the amounts of business expenses outmatches the business incomes or at least at one time or another. In order to shore up one’s deficits, it is essential to obtain loans to fill in the gaps. In addition, some businesses generally require additional capital outlay to operate. It is advisable that an entity settles for the best capital mix that balances the assets and liabilities well. An entity must have just the right ratio of debt and equity capital. In accessing debt capital, ...

Introduction

Economics is a term which lies in almost every walk of life and it is a term which is quite important from different standpoints. The term of economics has been utilized and discussed entirely through different provisions in total. There is no single definition of the term ‘Economics’ exist in this world, because every author has been discussing the same in a somewhat different manner in total. Adam Smith and Alfred Marshal are known as the founder of Economics (FOE), found that economics is the study of wealth and the concept of the same should have been categorized into different provisions ...

Business law and ethics

Business law and ethics

Introduction

Bankruptcy can be defined as the inability of a person or an entity to repay some debt. Bankruptcy is mostly used in legal framework where a debtor fails to honor his or her outstanding debts to a creditor in the course of business. Bankruptcy in big corporations involves long court battles as they try to relieve themselves out of the huge debts that may have been accrued over time. In the legal entity bankruptcy is instituted to try free up the debtor's obligation in paying the debt he or she owes the creditor. Bankruptcy proceedings involve measuring and ...

Abstract

The research paper deals with the Great Depression and its effects on European economies as well as the ways it was handled by the respective countries. The project is based on the opinions of world’s finest economic experts, historians and scientists. The problem raised is supported by statistical proofs retrieved from researches conducted by the abovementioned subject-field scientists. Key words: the Great Depression, economic, Europe, crisis, war. The Great Depression is a harsh world economic crisis that spanned over the timeframe of 15 years wedged between two world wars. 1930s are considered the starting point of the ...

- Finance Finance is that administrative area or set of administrative functions in a firm that focuses on the cash flow management in order to achieve its objective in a timely manner. Finance plays a significant role in the economic development process by creating new jobs and economic activity within a defined area. - Efficient market It is widely used in the capital market where it refers to spreading security risk and efficiently guiding the allocation of capital within and between economies. It means that security prices fully reflect all available information. It provides an organization of various method leading ...

Corporate Insolvency

Australian Corporate Insolvency Law Introduction Thesis statement Does the Australian corporate insolvency law provide too much advantage to secured creditors? Aims and Objectives This study aims to determine whether the Australian corporate insolvency law is providing more advantage towards secured creditors given that the law is supposed to insinuate equality, orderly procedure and equitable distribution of assets. The objective is to evaluate the law and identify the different aspects of the law that lead to the speculations of giving more advantage to secured creditors. Part of the objective is to consider the realities of ...

Bankruptcy law protects people or companies that are unable to service their loans or other debts that they have accumulated from creditors (Andrew, 2013). The debts may be due to unavoidable situation which is not entirely their fault. The most common types of bankruptcies are chapter 11 and chapter 7. Chapter 11 mainly deals with debts involving large amounts of money. On the other hand, chapter 7 covers for companies and people who are unable to service their loans. Chapter 7 is also known as liquidation and it involves appointing a trustee, who collects and sells assets from debtor, and ...

Management

The privacy rules of HIPAA are defined as the right of any persons to have an access to all protected health information that is of him or her and controlled by an entity that operates in a primary paper-based surroundings. Protected health information is been converted from paper records to electronic forms through the help of health information technology. There is a massive adoption of electronic health records in most health institutions to create quality and efficiency in healthcare delivery. The health IT highlights the measures that individuals can request electronically for their protected health information. The critical role of ...

Management

A limited partnership is where the partners are limited to the amount of capital they have contributed in the partnership business. The partners in a limited partnership are only entitled to the share of profit of the organization in the ratio of their capital contribution. Limited partners do not participate in the management of the partnership. Limited partners, unlike general partners, are not liable in case the partnership operates at a loss. Limited partners participate in dividend payment at the end of the financial period. A creditor may be considered to be in a limited partnership, in the partnership. This occurs when ...

Introduction

Bankruptcy is the state of being unable to repay debts owed. This is a legal status that can affect an individual or an organization. In the United States, there are laws set to help debtors through liquidation process. Alternatively, the individuals can create a repayment plan (Federal Courts, 2011).

Bankruptcy Basics is a publication of the Bankruptcy Judges Division of the Administrative Office of the United States’ Courts. Its major role is the provision of relevant information to creditors, debtors, courts, the media and individuals on bankruptcy and existing federal bankruptcy laws. It contains detailed information on the processes involved, discharge in ...

BUSINESS LAW

Part A: Question 1 Using the four-step process, discuss the element of agreement required for the formation of an enforceable contract. Have Sensational Sails and EquipU reached an agreement regarding the sale of the Italian machinery?

Identifying the Legal Issue

Bill and Ben are best mates and love to sail together. They want to turn their sporting interest into a business. They decide to start their own company called Sensational Sails Pty Ltd (Sensational Sails). Bill and Ben design and manufacture sails for all size yachts and supply wholesale to retail outlets. Their company becomes highly successful and soon they need more sophisticated ...

How Western Religious Heritage has shaped up Work Ethics in the West

Work ethics is about how people carry out their jobs or their responsibilities. It also includes how a person feels regarding their career and vocation of their jobs. Work ethics involves respect, good behavior, communication, attitude and even how one relates with others. It is work ethics that shows whom and what a person stands for. Characteristics of work ethics include accountability and honesty. This narrows down to what a person would do or does when they are in a particular situation. The major issue in a situation would involve what is acceptable, right and above board. According to philosophy, if a person does not ...

Abstract

Hammurabi’s Code placed great value upon the slave as property, not as a human being. The slave’s value appeared to be measured by the degree to which he or she could perform work for the slave-owner. Grave punishments were inflicted upon a man who deprived another of his slave. While assaults upon freemen resulting in injury or death were punished in draconian fashion, monetary damages were the measure of reparation for the injury or wrongful death of a slave and were payable not to the slave or his family, but to the slave-owner. Liability for professional malpractice or negligence resulting ...

IMPACTS OF 1st WORLD WAR ON THE WESTERN WORLD

World war one was a defining moment for the 20th century for most European countries. Its effects were resounding for years in the economic, political and public opinion. In England a lot of changes were spotted like women acquiring the right to vote, working class people were fully employed including the women. The distribution of income moved and it became in favor of the poor. In Germany at the end of the war the social democratic party assumed power after the government collapsed. World war one had a great effect on the European countries like France, England, Germany, Russia, Austria- Hungary ...

Question one

Elizabeth, Georgina and Sarah are partners in a successful restaurant business conducted in Brisbane. They have a partnership agreement which authorises each partner to enter into a contract, on behalf the partnership, up to a maximum value of $1 000. Eddie, a local timber merchant, approaches Georgina and offers to sell various timber products worth $25 000 the partnership. Eddie is not aware of the partnership agreement. To expedite the conclusion of the transaction, Eddie offers Georgina a substantial commission on all purchases made by the partnership. Georgina signs a contract for the purchase of the timber and is forthwith paid a commission of $2 000. She ...