Crank and Connecting Rod Introduction- The motion of assemblies is determined by the configuration of links and joints. Using the configurations the operation of rotational and sliding joints are examined and observed. This kind of mechanism is very commonplace in machines. Machines are made up of a number of parts and relative motion between the various parts permits the working of the machine. As the crank is rotated the rod starts moving but the velocity is not uniform. It is greater towards
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The Definition of a Trust trusts is a device in which rights (personal or proprietary) are held by one person on behalf of another some trusts are created by court. These are constructive trusts. person creating the trust: settlor person holding rights: trustee person for whom those rights are held: beneficiary Lord Coke’s Definition "a confidence reposed in some other‚ not issuing out of land but as a thing collateral thereto‚ annexed in privity to the estate of the land‚ and to the person
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What is the nature and extent of the employee’s duty of confidentiality? Introduction In every business enterprise‚ there is certain information that employer’s wish to remain confidential. This is particular vital in the global era where there is lower job security‚ higher job mobility and situations where employees work multiple jobs. Employees are bound by the duty of confidentiality‚ where they are forbidden to disclose certain information obtained during the course of employment. The
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Barings. But this success was interrupted in the Mid 90’s when Barings caught the attention of the world due to bankruptcy which was caused by one rogue trader‚ Nick Leeson‚ based in a small office in Singapore. His sole trading activities for derivatives on the Singapore and Osaka Exchange lead the 233 years old bank into bankruptcy. Further below we discuss how the bank was lead into bankruptcy. Question 1 & 2 Nick Leeson‚ a young man from Watford in England joined Barings in 1989 from Morgan
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expression to some act‚ writing expressive of some act‚ contract‚ process‚ as a deed‚ or contract. It is the role of equity to uphold the intention of the parties in an agreement based on the equitable maxims “Equity looks to the intention‚ not the form” -If the instrument recording the agreement does not reflect the true intention of the parties die to the common mistake or fraud‚ the equity will intervene and order rectification of the instrument/written contract. The step in the formation of contract:
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Case: Tiffany & Co- 1993 (HBS 298-014) Assignment Questions 1. In what way(s) is Tiffany exposed to exchange-rate risk subsequent to its new distribution agreement with Mitsukoshi? How serious are these risks? Answer: About 15% of (1992) sales of $492mln or ~ $75mln will now be earned in Yen‚ but will have to be reported in $. At a Net Income (1992) of $25mln‚ the risks caused by this exposure are significant. Data from exhibit 6 shows that in a 6-month period (Apr-Sep) exchange
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Tiffany & Co. Transaction and Economic Exposure Tiffany & Co. Facing Exchange Rate Risks SI S Following Tiffany & Co. Japan’s new retailing agreement with Mitsukoshi Ltd. in July 1993‚ TiffanyJapan was now faced with both new opportunities and risks. With greater control over retail sales in its Japanese operations‚ Tiffany looked forward to long-run improvement in its performance in Japan despite continuing weak local economic conditions. However‚ Tiffany was now also faced with
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1. Find two (2) methods (other than Undetermined Coefficients) that can be used to solve higher order ODE. For each method‚ solve one higher order ODE problem. Answer: The general form of an ODE with order nis Fx‚ yx‚ y ’ ’x‚…‚ynx=f(x) As in the case of second-order ODEs‚ such an ODE can be classified as linear or nonlinear. The general form of a linear ODE of order is an(x)dnydxn+an-1(x)dn-1ydxn-1+…+a1(x)dydx+a0xy=f(x) If f(x)is the zero function‚ the equation is said to behomogeneous. Many
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Topic 5: Torrens Title Intro reasons why Torrens Title came into being old system very complex tracing title back security of title the registration of deeds doesn’t fix the above issues especially security General Register of deeds difficult to search General Register does not fix any defect Under Torrens Title indefeasibility of title started with Robert Torrens in SA NSW started 1963 Since then all grants under Torrens Title At conveyance of old property transferred to Torrens US
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requirement. The Court of Appeal upheld that ‘equity will not allow a statute enacted to prevent fraud to be used as an instrument of fraud’. Therefore‚ in order to prove the express trust‚ parole evidence was included‚ despite the statutory requirement of written evidence in s53(1)(b) (Penner‚ Law of Trusts). This is known as the ‘doctrine of Rochefoucauld v Boustead and it is reflected in this quote given by Lindley LJ. He is essentially declaring that equity abhors the use of statute as an instrument
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