respectively. Her monthly payment on an automobile loan is $375. What is Louise’s debt payments-to-income ratio? Is Louise living within her means? (LO 5.3) Louise’s Gross Income = $3‚000 Less: Income taxes = -700 Less: Social Security Tax = -250 Less: IRA contribution = -100 Net take-home pay = $1‚950 Her monthly payments on VISA‚ MasterCard‚ and a car loan add up to $500 per month. Louise’s debt payments to income ratio is 500 to 1‚950‚ or 25.6 percent. This ratio exceeds
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United States debt has reached infamous levels of expansion ; reaching an ascent of over $19 Trillion in Debt with an enormous fiscal gap of over $210 Trillion ( REPORTS ) ( The Federal Debt ). In this event and with our levels of debt‚ if the United States were to experience a macro economic and geopolitical event‚ such as the Great Depression of the 20th century‚ the U.S. Economy could reach its deadline (Foreign Holdings). Although some people may be convinced that this national debt is what keeps
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Assignment Topic Traditionally‚ the performance of an existing contractual duty did not constitute valid consideration for a promise to pay extra money to the contractor. See for example‚ Stilk v Myrick (1809) 2 Camp 317. However‚ the decision in Williams v Roffrey Bros & Nicholls (Contractors) [1991] 1QB1 impacts upon this traditional approach. Explain and justify the traditional approach of the courts and extent to which that approach is varied by the decision in Williams v Roffrey
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The three ethical obligations of a defense attorney are: 1. That the defense attorney is defend their client with zealousness‚ 2. For the attorney to do this he or she will have to do it without any regard to guilt or innocence‚ and the third obligation is to keep any conversations that he or she has is confidential and kept between them. These three obligations are important to a defendant and a defense attorney because this sets boundaries and also trust between them two. Now the three ethical
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Pre-Existing Conditions By Submitted to the Division of Graduate Studies in partial fulfillment of the requirements for MBA 512: Health Policy and Law Shepherd University April 13‚ 2010 Abstract Imagine paying $500‚ $600‚ $700‚ or $1‚000 monthly for health care insurance only to realize these payments were for naught. The health care insurance provider that received these monthly installments has decided whatever is ailing you will not be covered due to a pre-existing medical
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dis-coordination • Non-unionized environment can cause certain expectation or suggestion unnoticed • Customized benefit & compensation can cause high innefficiency in operation • Targeted system interview that is focused on the value of the company‚ that in effect aiming labour from outside of the industry can cause several problem start from inexperience‚ unmatch cultural fit‚ and certain competency unfulfilled Alternative • Periodict training and equipment update – meaning at planned time • New
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(Singer‚ 1972). Singer defends his second principle with our “moral obligation” a drowning child is used as an example. “Should one feel less obligated to pull a drowning child out of a pond‚ if on looking around you see other people‚ no further away than you‚ who are doing nothing?” (Singer‚ 1972‚ p. 233). This is a good example of‚ why should I do something‚ if they aren’t doing anything? This is what Singer means by moral obligation. Singer’s argument for this is that everyone should donate a small
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of an obligation through the creation of a new one which substitutes it * The substi or change of an oblig by another‚ which extinguishes or modifies the first‚ either: * by changing its object or principal conditions * by substi another in place of the debtor * by subrogating a third person in the rights of the creditor (Subrogate - Take over a legal claim or right against a third party from another party who previously owned that right or claim) Art. 1291 Obligations may be
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Australia’s foreign debt In recent years‚ Australia’s debt to the rest of the world has increased‚ and grew on average by 6.1% per year between June 1999 and June 2009‚ increasing from $15‚400 to $27‚900 in 2007-08. The growth in a country’s foreign debt can reflect several related influences. The value of its imports and other current payments to foreigners may exceed the value of its exports and other current receipts from foreigners‚ is this is the case then the nation experiences a deficit
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CHAPTER 2: Nature and Effects of Obligations Art. 1163. Every person obliged to give something is also obliged to take care of it with the proper diligence of a good father of a family‚ unless the law or the stipulation of the parties requires another standard of care. (1094a) 3 kinds of prestations in obligations: • To give real (there is some physical thing which may be the subject of possession‚ the delivery of which completely discharges the obligation) • To do • Not to do
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