of a debt? The assignment asks whether or not the rule generated in the case of Williams v Roffey Bros & Nicholls (contractors) Ltd [1991] 1 Q.B. should be applied to all cases involving part – payment of debt. The question also requires the analysis of the law in relation to whether pre-existing contractual duty can amount to good consideration. In order to answer the question fully‚ it will be necessary to look at two areas of consideration in particular: part payment of a debt and performance
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The Debt/Equity ratio is another important indicator of Dunkin Donuts’ financial standing. In equation form‚ the Debt/Equity = Total Liabilities/(Total Assets – Total Liabilities). Debt/equity ratio is able to indicate all of its debt obligations of the next year with its current resources. In general‚ a high debt-to-equity ratio indicates that a company may not be able to generate enough cash to satisfy its debt obligations. However‚ a low debt-to-equity ratio may also indicate that a company is
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There are two defenses to debt law cases you should give some thought to if you are being sued: statutes of limitations‚ and what is called "laches." Both rely on the passage of time‚ and both of them have a rather vague status in the law. This article discusses what they are and how to use them. Statutes of Limitations The statute of limitations (in civil law) is the amount of time allowed before the plaintiff must bring suit. That is‚ if a certain amount of time passes after the claim is "ripe"
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struggling to pay off their college debt‚ even though no degree was received from it. Each of them have their own reasons to why they have fallen into a deep hole financially. Now they are both trying to scrape together any money they can from a near minimum wage job to try to pay off this college debt while also providing for their families. Seeing multiple people really close to me struggle to deal with the debt that going to college caused the fear of college debt to hang over my head like a grey
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Life and Debt‚ a documentary by Stephanie Black‚ with a commentary written by Jamaica Kincaid‚ looks at the effect of the International Monetary Fund on the economy of Jamaica‚ the third world country that was once colonized by the Great Britain. The film has offered the audiences different voices on this issue including the IMF officers‚ the Jamaican farmers and former Jamaican president as an overview to the issue The former president of Jamaica Michael Manley has been out of power for many years
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trivial debt stock of $1billion in 1971‚ Nigeria had towards the end of 2005 incurred close to $40 billion debt with over $30 billion of the amount owed the Paris Club alone. Although Nigeria’s debt was more than the total of those of the 18 other poor countries (14 of them African countries) classified as Heavily Indebted Poor Countries (HIPCs)‚ it had been a herculean task convincing the creditors that debt cancellation was the most desirable option. Prior to Nigeria’s $18 billion debt cancellation
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America’s Credit Card Debt By Paul C.Wright Global research‚ March 03‚ 2010 March 03‚ 2010 Region: USA Theme: Global Reseach When the U.S. economy began to melt down in 2007 and entered a rapid period of decline in 2008‚ all eyes were fixed on the subprime mortgage crisis. Though the mortgage crisis‚ triggered by spurious lending practices and unprecedented risky investment bank practices‚ was undoubtedly the dominant factor affecting the American consumer in 2008‚ credit card debt and default was also
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The TenOC 10 Point Plan to Reduce the Federal Debt: Are you interested in a plan to stop the growth of the Federal Debt? If so please review the 10 point TenOC plan below. If you like it (or even if you do not like it) forward it with your comments to your email buddies‚ facebook friends‚ your talk show host‚ your congressman‚ tweet about it‚ bog about it‚ post it on your websites‚ and you are free to send or copy it to anyone else you can think of. We need to start an ACTIVE conversation about
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According to Abraham Lincoln from a speech given on national debt‚ he says‚ “The nation’s public debt is a symptom of the long and continuous operation of the second and third causes of the dissolution of a great democracy. It is like the fever that drenches a beloved child’s body in sweat and makes him delirious three hours before dawn. It is necessary to deal with the fever‚ and to bring it down to a safer level‚ so that the child can live till dawn‚ when the fever is likely to break. But those
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Debt versus Equity Financing Paper Seneca Porter Acc/400 November 7‚ 2014 Theresa Pekron Debt financing is when an organization raises money for working capital or capital expenditures through the process of selling bonds‚ bills‚ or notes to a person or institutional investors. Basically‚ it is the use of borrowing to pay for your organization needs. The return for lending out money‚ the individual or institution then become creditors and obtain a promise that the principal along with the
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