By payment in due course: The instrument is discharged by payment made in due course by the party who is primarily liable to pay‚ or by a person who is accommodated in case the instrument was made or accepted for his accommodation‚ The payment must be made at or after the maturity to the holder of the instrument if the maker or acceptor is to be discharged. A payment by a party who is secondarily liable does not discharge the instrument. By party primarily liable by becoming holder (Section
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Musical Instruments The Chinese philosopher Confucius said long ago that “Music produces a kind of pleasure which human nature cannot do without.” Being able to play any musical instrument is extremely satisfying. This includes everyone from the person who has mastered her instrument right down to the beginner who knows only a few chords. I personally believe that if there’s one thing you should learn in your lifetime‚ it’s how to play an instrument. Learning to play a musical instrument offers
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Allen Frances‚ in Saving Normal(20??)‚ discusses the fads in psychiatric diagnosis in the past‚ present and future. He provides the reader with specific examples of how fads from the past affected individuals and society. Frances does a good job describing the fads that are currently taking place in our society and what to look out for in the future. There were certain things from each of the chapters that moved me. It was interesting how Frances explained that fads were common during times of instability
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Music and Instruments Secular and religious music in Medieval Europe was an important part of everyday life in the Middle Ages‚ it was most important time was during festivities and celebrations. The people in those times would celebrate on any occasions from all holidays that we celebrate like Christmas‚ to even before meals. In that period of time music was more important and a great form of entertainment than it is modern time. They had many different types of music and instruments they played
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“Fat Tax” Imposing a fat tax on saturated fat‚ junk foods‚ sodas‚ etc. would be best because of many health and money related issues that it could possibly solve. A fat tax could help control many health problems the United States is facing today by giving some incentive to buy healthier foods. Taxing these certain foods may help control the way people eat and in turn change lifestyles to much healthier ones than there are now. The healthier lifestyles would help lower the amount of money spent
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Introduction) Tax Structure in Malaysia Generally‚ all income of companies and individuals accrued in‚ derived from or remitted to Malaysia are liable to tax. However‚ income remitted to Malaysia by resident companies (other than companies carrying on the business of banking‚ insurance‚ air and sea transportation)‚ non-resident companies and non-resident individuals are exempted from tax. Apart from income tax‚ there are other direct taxes such as real property gains tax‚ and indirect taxes
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Statutory Instrument 89 of 2013: A case of political law The recently gazetted Statutory Instrument 89 of 2013 (S.I.89 of 2013) has confirmed the long held public assumption that politics in Zimbabwe precedes law‚ that our problems are inherently political and the law is created and interpreted to suit certain political ambitions. S.I.89 of 2013 (termed Electoral (Accreditation of Observers) Regulations)‚ which is one of the many instruments that have been gazetted as ZANU PF prepares to frog
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1. If loans more than 90 days past due were treated as nonperforming‚ the ALL/NPL ratio for all the three types of loan would go down. The following table shows the three main loss reserve adequacy ratios for all the five years of data. From the table‚ we can see all the three ratios were in a declining trend since 2005. The ALL/NPL ratio for the commercial and real estate loans were very high in good times in the year 2005 and 2006‚ but it started to decrease at the inception of the financial crisis
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NEGOTIABLE INSTRUMENTS ACT 1881 SECTIONS REFERANCE 4 Definition of promissory note. 5 Definition of bills of exchange. 6 Definition of Cheque. 8 Definition of holder of bills of exchange. 9 Holder in due course. 11 Inland instruments. 12 Foreign instruments. 14 Negotiation of bills of exchange. 15 Endorsement of bills of exchange. 13 Definition of negotiable instruments. 17 Ambiguous instrument. 20 Incomplete or inchoate instruments. 22 Maturity
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Indirect Tax Indirect taxes include value added tax‚ a range of excise duties on oil‚ tobacco and alcohol and fuel duty. VAT is levied on the sale of goods by registered businesses. Businesses add VAT to the price they charge when they provide goods and services to business customers - and non-business customers. There are different VAT rates‚ depending on the goods or services that are being provided. At the moment there are three rates: standard rate – 20%‚ reduced rate - 5 %‚ zero rate -
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