extinguish an obligation already existing. Period- is a future and certain event upon the arrival of which the obligation subject to it either arises or is extinguished. The debtor promises to pay when his means permit him to do so—the obligation shall be deemed to be one with a period. Other cases—as when the debtor binds himself to pay: -little by little -as soon as possible -from time to time -at any time I have the money -in partial payments -when I am in a position to pay Acquisition
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may isa pa e. quasi-delict. 3. Generic thing- object to ng obligation tas kung nawala sya‚ pwede pang palitan kasi nga generic. Tas kapag specific once na nawala yung object‚ hindi na pwedeng palitan. Tas liable yung debtor sa damages sa creditor. 4. Obligations of the debtor: to give‚ to do or not to do. A. Obligation to give 1. To preserve and take good care of the thing; required by law‚ stipulation of the parties or deligence of the good father of the family. 2. To deliver the subject
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remain in use for a longer period. Money invested in these assets is called ‘Long term Funds’ or ‘Fixed Capital’. Business also needs funds for short-term purposes to finance current operations. Investment in short term assets like cash‚ inventories‚ debtors etc.‚ is called ‘Short-term Funds’ or ‘Working Capital’. The ‘Working Capital’ can be categorised‚ as funds needed for carrying out day-to-day operations of the business smoothly. The management of the working capital is equally important as the management
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Contents Introduction 3 Short history 3 Type of industry 3 Operating segments 4 Nature of the product and services 4 Geography 5 Various committees 7 Financial Ratios 10 Firm liquidity 10 1. Current ratio 10 2. Acid-Test Ratio 11 3. Account Receivable Turnover 11 4. Average Collection Period 12 Operating Profitability 13 1. Operating Return on Assets 13 2. Operating Profit Margin 14 3. Inventory Turnover 14 4. Total Asset Turnover 15 5. Fixed Asset Turnover 16
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LCCI International Qualifications Book-keeping & Accounts Level 2 Model Answers Series 3 2009 (2007) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Book-keeping & Accounts Level 2 Series 3 2009 How to use this booklet Model Answers have been developed by EDI to offer additional information and guidance to Centres‚ teachers and candidates as they prepare for LCCI International Qualifications. The contents of this
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to the order of certain person or to the bearer of the instrument.” CHARACTERISTICS Bills of exchange has got the following features: 1. An Unconditional order It is an order by the drawer (creditor) to his drawee {debtor) without any condition. It becomes binding upon the acceptor of the bill to carry out the order. 2. Written document Bill of exchange must be in writing. It is a document‚ which can be produced in the court
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are Essar India‚ Cairn India‚ Bharat Petroleum‚ ONGC‚ HPCL and GAIL. Category Ratio Year II Year I Liquidity Ratios Current Ratio 1.58 1.12 Quick Ratio 1.34 0.84 Absolute quick ratio 0.23 0.30 Activity Ratios Debtors
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Understanding the Lord’s Prayer “Our Father in heaven‚ hallowed be your name. Your kingdom come‚ your will be done‚ on earth as it is in heaven. Give us today our daily bread. Forgive us our debts‚ as we also have forgiven our debtors. And lead us not into temptation but deliver us from the evil one” (Matthew 6:9-13). Most people‚ religious or not‚ are familiar with this prayer. Some call it a prayer‚ some call it a chant‚ and some call it a meaningless set of words. No matter what the opinion
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signed a guaranty of the partnership’s own debt was characterized not as a guarantor‚ but as a general partner‚ and the outcome was different. Here‚ the statutory joinder rule did not apply as the signature of the general partner of the partnership debtor was not in essence a
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BANKING LAW 12TH TRIMESTER ------------------------------------------------- Sovereign Debt Restructuring Mechanism: ------------------------------------------------- Is It Time For A New Order? ------------------------------------------------- ANALYSING IMF’S SOVEREIGN DEBT RESTRUCTURING MECHANISM: A MISMATCH DURING THE FINANCIAL DOWNTURN SUBMITTED BY: SARTAJ K. SINGH I.D. NO.: 1675 & NAMRATA SHAH I.D.NO.: 1676
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