University of the Philippines College of Law OUTLINE IN OBLIGATIONS AND CONTRACTS Prof. Eduardo A. Labitag Title I. Obligations Chapter I General Provisions I. Concept A. Definition- Art. 1156 - criticism of definition B. Elements 1. 2. 3. 4. Active Subject Passive Subject Prestation or Object Efficient cause or juridical tie or vinculum juris C. Distinction Between Natural and Civil Obligations 1. As to enforceability 2. As to basis II. Sources of Obligations- Art.
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Companies can also restructure their debt by altering the terms and provisions of the existing debt issue 17/05/2008 3 Objectives of CDR • To support continuing economic recovery • Enabling viable debtors to continue business operations • Promoting fair and equitable debt repayment to creditors 17/05/2008 4 Objectives of CDR • Revival of viable Corporates (genuine cases) • Ensuring safety of money lent by Banks & FI’s 17/05/2008 5 RBI Guidelines on CDR • Corporate Debt Restructuring
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ECO-02 Bachelor’s Degree Programme (BDP) ASSIGNMENT 2012-13 Elective Course in Commerce ECO-02: ACCOUNTANCY–1 For July 2012 and January 2013 admission cycle School of Management Studies Indira Gandhi National Open University Maidan Garhi‚ New Delhi-110 068 Elective Course in Commerce ECO-02: Accountancy–1 ASSIGNMENT – 2012-13 Dear Students‚ As explained in the Programme Guide‚ you have to do one Tutor Marked Assignment in this Course. Assignment is given 30% weightage in the final
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PROJECT REPORT ON WORKING CAPITAL MANAGEMENT WITH SPECIAL EMPHASIS ON VARIOUS TECHNIQUES OF INVENTORY CONTROL [pic] A training report submitted in partial fulfillment of the requirement for the degree Of MASTERS OF BUSINESS ADMINISTRATION (2010-2012) SUBMITTED TO: SUBMITTED BY:
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ratio figure negatively. Quick ratio:not good. To be elaborated and funded with calculation. Conclusion: after quick-scan; too much money in inventory and assets‚ shortage of cash-on-hand. Mismatch between debtors’ days and creditors’ days does not contribute either‚ particularly since creditors’ seek extra comfort. To be elaborated. 2. Again‚ shortage of cash-on-hand. Large increase in accounts
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Examine what is meant by consideration and consider what amounts to good or sufficient consideration. Consideration is an essential element for the formation and enforcement of a contract. It is the barge by which agreements are enforced in English contract law. It makes simple the process of parties creating contract. Curry v Misa‚ is one of the cases where the courts defined consideration as a benefit‚ a right‚ a profit to one party‚ a forbearance‚ a loss to another. Dunlop v selfridges.
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any benefits Drawings: Amount or goods with draw by the owner of a business for personal use. Income: Any amount realized by the sale of goods or assets or services. Profit: The excess of income over expenditure. Debtor: The debtor is a person who owes money to the business. Creditor: The person who lend to the business . Assets: Any physical thing or right owned that has money value is a asset. Net worth: Assets - outside liability or capital + retained earnings of a business. Accounting concept
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Articles of incorporation Trustee Debtor Corporation Us Constitution Article 1 section 8 Discharge Chapter 13 Claim Bankruptcy reform act of 1978 Bonified purchaser Duty of care Duty of loyalty Partnership Entrepreneur Franchise Professional service associations Automatic stay Exempt property Order of relief Bankrucpy estate Causa mortis Testamentary capacity Situs Limited liability company Limited partnership Sole proprietorship Sub chapter ess Winding up Fixture Chapter 7‚11‚13 Dissolution Liquidation
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• Accounts Receivables (AR) ➢ Collection via cheques and cash • Cash Book (CB) • General Ledger(GL) • Purchase Order (PO)-manually prepared and not re-numbered • Trade Creditors (TC) • Trade
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existing obligation with a new obligation or replaces an original party with a new party.” In Wharton’s Law Lexicon‚ 15th Edition‚ 2009 at p.1174‚ the meaning of the term ‘Novation’ is stated as “the substitution‚ with the creditor’s consent‚ of a new debtor for an old one.” In Nolo’s Plain-English Law Dictionary: “The voluntary substitution of a new contract for an old one‚ usually to change the parties‚ duties‚ or payment terms.” In P.S. Atiyah’s An Introduction to the Law of Contract‚ 3rd
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