consists in the payment of a sum of money‚ and the debtor incurs in delay‚ the indemnity for damages‚ there being no stipulation to the contrary‚ shall be the payment of the interest agreed upon‚ and in the absence of stipulation‚ the legal interest‚ which is six percent per annum.” Clearly‚ the indemnity for interest on a monetary obligation attaches only when the obligor incurs delay‚ that is‚ when he is in default‚ it being a fundamental principle of law that: “Those obliged to deliver or to do something
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Systems‚ Inc. Just two days earlier‚ Cardillo’s in-house attorney‚ Raymond Riley‚ had requested that Smith‚ the company’s controller‚ sign an affidavit regarding the nature of a transaction Rognlien had negotiated with the United Airlines. The affidavit stated that the transaction involves $203‚000 payment by United Airlines to Cardillo but failed to disclose why the payment was being made or for what specific purpose the funds would be used. The affidavit included a statement indicating that Cardillo’s
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establishment in 1946‚ Cathay Pacific has been a profitable airline company‚ which experienced periodical growth. In 1998 however‚ the airline experienced a loss of US $70 million‚ a stark contrast from earning $218 million in profits in the previous year. For Cathay Pacific‚ this was the first loss experienced by the air carrier since 1963�. Cathay Pacific ’s economic hardship was mainly the result of a financial crisis‚ which affected the Asia-Pacific region at that time. As a result of this crisis
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“The Fly” Katherine Mansfield The following entry represents criticism concerning Mansfield’s short story‚ “The Fly.” For additional coverage of Mansfield’s short fiction‚ see Short Story Criticism‚Volumes 9 and 23. INTRODUCTION This disturbing tale has been the subject of considerable‚ often heated‚ critical debate‚ and there is little consensus on either the story’s meaning or literary merit. The events surround a boss who is reminded of his son’s death during a visit from an old friend. The
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Southwest Airlines 2008 Introduction : While the airline industry in the USA has not made thriving financial headlines‚ Southwest Airlines has emerged as a successful organization. It has been able to make profit consistently and has sustained itself through difficult situations like recession‚ energy crisis‚ and September 11 terrorist attacks. Problem Statement : The problem under consideration here is: How can Southwest Airlines achieve a sustainable growth in future in spite of increasing
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case case Continental Airlines: One Company’s Flight to Success In the last decade‚ Continental Airlines has had a spotty track record. The airline twice filed for bankruptcy‚ realized diminished performance culminating in a $613 million loss in 1994‚ and was ranked dead last in industry indicators such as on-time performance among the major carriers. During these years‚ employees at Continental had undergone several series of layoffs and withstood both wage cuts and delayed wage increases in
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Airline Industry Economics is explained as the social science that studies the production‚ distribution and consumption of goods and services. As a guideline for economics‚ the used of economic indicators are used as a means of predicting or making a forecast about the economy and the different factors that affect those forecast. In this paper‚ Team A will study the Airline industry how each of the factors of Retail Sales‚ unemployment rate‚ Gross Domestic Product (GPD)‚ interest rates and Producer
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emeraldinsight.com/0960-4529.htm MSQ 15‚3 A case study of service failure and recovery within an international airline David Bamford Manchester School of Management‚ UMIST‚ Manchester‚ UK‚ and 306 Tatiana Xystouri Ministry of Finance‚ Nicosia‚ Cyprus Abstract Purpose – This paper seeks to examine the effectiveness of internal processes of service quality recovery for an international airline. Design/methodology/approach – An action research methodology was adopted. The research involved: a review
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ETHIOPIAN AIRLINES ENTERPRISE Human Resource Development (HRM) Induction and Indoctrination Program September 2012 ETHIOPIAN AIRLINES ENTERPRISE Rev. Original Induction and Indoctrination Program July 2012 Contents Foreword ................................................................................................................................................ 1 Welcome Message from CEO ............................................................................
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Financial Statement Analysis CHAPTER LINK: Chapter 5 Fly-By-Night International Group: Can This Company Be Saved? Douglas C. Mather‚ Founder‚ Chairman‚ and Chief Executive of Fly-By-Night International Group (FBN)‚ lived the fast-paced‚ risk-seeking life that he tried to inject into his Company. Flying the Company ’s Learjets‚ he logged 28 world speed records. Once he throttled a company plane to the top of Mount Everest in 3 1/2 minutes. These activities seemed perfectly appropriate
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