created can grow itself by her skill and her story will bring her more customer (Bygrave & Zacharakis ‚ 2010‚ p.80). Therefore‚ the thing Alison is lacking of is just time being. Question 4:Dicuss her funding-raisin and valuation. If you were an equity investor‚ what return expectations would you have ?
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Secret trusts arise where a testator explains to X that they want property to be held on trust for Y and then leaves the property to X in their Will. It is also possible that a secret trust arises where in reliance on a promise to implement the trust by X‚ no Will is made (Strickland v Aldridge 1804 9 Ves 516 REF1). The onus of proving a secret trust is on the person claiming that it exists‚ on the balance of probabilities - the ’ordinary civil standard of proof’ (Re Snowden 1979 3 All ER 172 REF2)
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unwillingly perform the contract and specific performance is only available in limited circumstances. In considering whether to grant specific performance the courts look to whether damages would be an adequate remedy‚ the type of contract and whether equity requires such an order. 1. Where damages are an inadequate remedy: If the claimant could adequately be compensated by an award of damages for the breach of contract‚ the courts are unlikely to order specific
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Long-term financing requires a meticulous understanding of the various features of debt and equity and their impact an organization. While evaluating debt and equity‚ an investment banker also has to consider the unique characteristics of the organization’s dealings while ensuring that the organization’s requirements are met. Debt CapitalDebt capital includes all long-term borrowing incurred by the firm. The cost of debt was found to be less than the cost of other forms of financing. The relative
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Whose Interests Reign Supreme: Settlor’s Intent vs. Beneficiary’s Interests Trust – The right‚ enforceable solely in equity‚ to the beneficial enjoyment of property to which another person holds the legal title; a property interest held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary). Settlor – Someone who makes a settlement of property; esp.‚ one who sets up a trust. — Also termed creator; donor; trustor; grantor; founder.
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risk managers can hedge exchange rate risk with either currency futures or currency options. It is generally suggested that hedgers should choose a hedge instrument that matches the risk profile of the underlying currency position as closely as possible. This advice‚ however‚ ignores the possibility that the hedging effectiveness may differ for the alternate risk management tools. This study compares the effectiveness of currency futures and currency options as hedging instruments for covered and uncovered
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ZAMBIAN OPEN UNIVERSITY SCHOOL OF LAW COMPUTER No. 21110141 LARRY HORE NJUNGU BACHELOR OF LAWS (LLB) COURSE: CONTRACT LAW (LL 12) LECTURER: GREENWELL LYEMPE ASSIGNMENT No. 2 SECOND YEAR‚ 2ND SEMESTER MOBILE: 0977 666160 CONTACT ADDRESS: PLOT 3601/4‚ MAPEPE ROAD‚ OLYMPIA PARK‚ LUSAKA TASKS: (i) Purpose of contractual remedies and whether they serve their intended objective (ii) Relationship between agency and principal (ii) Misrepresentation
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because they are completely different numbers. The stockholders’ equity section of a corporation’s balance sheet includes paid-in capital and retained earnings. The distinction between paid-in capital and retained earnings is important from a legal and an economic point of view. Paid-in capital is the amount paid in to the corporation by stockholders in exchange for shares of ownership. Retained earnings are earned capital held for future use in the business. The primary objectives in accounting for
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transaction is complete and the express purpose of the loan has been fulfilled. The lender is protected should the borrower become insolvent before the specified date. However this gives rise to fiduciary obligations on the part of the borrower‚ which an equity court will enforce. Judges and commentators have failed to address the type of trust a Quistclose trust is. In Twinsectra Limited v Yardley the borrower (Yardley) required a short term finance of £1m for the purchase of land‚ worried that the
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collect them. The party that breached the contract must reimburse the innocent party for the indirect losses even if they were foreseeable damages. Punitive - Money damages that may be awarded to aplaintiff to punish the defendant and deter future similar conduct. A monetary award the court orders on the guilty party to punish them for a breach of contract. Nominal - A small monetary award (often one dollar) granted to a plaintiff when no actual damage was suffered or when the plaintiff
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