EQUITY AND TRUSTS The statute does not forbid or destroy equitable assignments or impair their efficacy in the slightest degree." Per Lord Macnaghten in William Brandt’s & Sons & Co v Dunlop Rubber Co Ltd [1905] AC 454‚ 461 Discuss critically the above statement with regard to the Malaysian legal position. Before receiving his title deed‚ a person may obtain a loan from a financier by assigning the rights to the property to the financier. Similarly‚ a creditor may obtain a loan from a factor
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The main role of a unit trust consultant would be distributing unit trust or mutual funds on behalf of a unit trust managemen company/ bank to the public. By explaining and analysing each and every fund that are distributed‚ unit trust consultant aid their clients in giving their best bets on their investments. In reality‚ a unit trust consultant is helping their clients in achieving financial independence at earlier age. And these need to start from educating them how important a financial plan
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Law 3240 and 5760 Equity and Trusts Seminar 3 The Three Certainties: Certainty of Intention‚ Certainty of Subject Matter‚ and Introduction to Certainty of Objects Essential Reading Martin‚ Hanbury & Martin: Modern Equity (19th ed.‚ Sweet & Maxwell‚ 2012) 97-107; or Watt‚ Trusts and Equity (5th ed.‚ Oxford University Press‚ 2012)‚ 77-92; or Wilson‚ Todd and Wilson’s Textbook on Trusts (10th ed. Oxford University Press‚ 2011)‚ 53-72 AND
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Financial intermediaries Done by Mirmanova S.‚ 303 gr. Almaty 2014 A financial intermediary is a financial institution that connects surplus and deficit agents. The classic example of a financial intermediary is a bank that consolidates deposits and uses the funds to transform them into loans. Through the process of financial intermediation‚ certain assets or liabilities are transformed into different assets or liabilities. As such‚ financial intermediaries channel
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way to promote consumer well-being. America’s anti-trust laws have been in place for more than 100 years‚ since the Industrialization of America. However‚ more countries have passed anti-trust laws in the past 20 years. America’s anti-trust laws were passed to focus on anti-competitive practices. Americans have long loved free market system and the competition that it fosters. Competition among businesses has been regulated by anti-trust acts recently; however they help to maintain a fair
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Arranging a family trust is one of the more beneficial estate planning methods. Also referred to as a living trust‚ this method requires people to transfer ownership of property to avoid probate and accelerate estate reconciliation. While the process of arranging a family trust is relatively simple‚ it’s advisable to get help from an estate lawyer. Oftentimes‚ people are uncertain of the legalese contained in documents and unsure of how to go about the process of funding their trust. Working with an
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Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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No. 3. May 2013 Issue. Pp. 71 – 88 Performance Appraisal of Indian Public Sector Banks Parvesh Kumar Aspal * and Naresh Malhotra** The strength of economy of any country basically hinges on the strength and efficiency of financial system‚ which‚ in turn‚ depends upon a sound banking system. The regulators have recommended bank’s supervision through CAMEL rating model to assess the performance of banks‚ which is better than the earlier systems. The prime objective of CAMEL model of rating
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Journal of International Development: Vol. 4‚ No. 6‚ 567-581 (1992) THE APPROPRIATE ROLE OF AGRICULTURAL INSURANCE IN DEVELOPING COUNTRIES PETER B. R.HAZELL* Agriculture and Rural Development Department‚ The World Bank Abstract: Multiple-risk crop insurance programmes have proven expensive to governments but have not lived up to their expectations. Many agricultural risks cannot be insured on a financially sound basis‚ but there is scope for increased insurance of farm assets‚ of the
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INTRODUCTION It is predominantly established fact that there has been a noteworthy boost in the figure of heterosexual or homosexual partners cohabiting outside marriage in the past three decades in the United Kingdom. Cohabitation has become the standard for a considerable fraction of the people in England and Wales and the increase in cohabitation is a phenomenon not restricted by the law makers. This trend recommends that cohabitation presupposes a better connotation in people’s life
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