Date of Submission: 17.02.2014 GROUP PROFILE Serial No. Name Roll No. 1. Zan Nesar alim Qaderi 18-011 2. Samia Israt Jerin 18-053 3. Fahmida Islam Jinia 18-069 4. Farid Molla 18-115 5. Sirazum Munira Haque 18-169 February 17‚ 2014 PallabiSiddiqua Assistant Professor Department of Finance University of Dhaka Subject: Submission of term paper on “Principle of Utmost Good Faith” Dear Madam‚ We are very happy to state
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The extent and expanse of the finance and accounting branches have been expanding at a considerable step which has also put load on this ground field. Companies and businesses interface their financial rank by producing few outlines to the exterior world so as to retain the interest of employees‚ shareholders‚ investors‚ customers‚ etc. This statistics is shared in the outline of financial declarations‚ annual reports‚ etc which makes it easier on the decision making procedure as well. Besides‚
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There were several situations that lead the executives and managers of WorldCom to "cook the books." Acquisition of other companies drove WorldCom to spend beyond their means; managers were told to spend whatever was necessary to increase revenue‚ even if it meant that long-term costs would outweigh the short-term gains. This fiscally unhealthy mentality led to a very bad decision to enter into long-term fixed rate leases for network capacity with extensive punitive termination provisions. Once the
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Unfair Competition Unfair competition in a sense means that the competitors compete on unequal terms‚ because favourable or disadvantageous conditions are applied to some competitors but not to others; or that the actions of some competitors actively harm the position of others with respect to their ability to compete on equal and fair terms. It contrasts with fair competition‚ in which the same rules and conditions are applied to all participants‚ and the competitive action of some does not harm
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Plaintiff’s Reliance on the Alleged Misrepresentation Was Not Justifiable Because the Alleged Contract Induced Thereby Would Have Been Void for Lack of Consideration from Plaintiff. ........................................................18 3.6. The Third Cause of Action for Fraud and Deceit (Fraudulent Concealment) Is Uncertain‚ Ambiguous and Unintelligible because FAC ¶ 46 Is Rambling and Incomprehensible. ........
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History of Contract in India The Third Law commission of British India formed in 1861 under the stewardship of Chairman Sir John Romilly‚ with initial members as Sir Edward Ryan‚ R. Lowe‚ J.M. Macleod‚ Sir W. Erle (succeeded by Sir. W.M. James) and Justice Wills (succeeded by J. Henderson)‚ had presented the report on contract law for India as Draft Contract Law (1866). The Draft Law was enacted as The Act 9 of 1872 on 25th April 1872 and the Indian Contract Act‚ 1872 came into force with effect
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children. In January 2001‚ Mr. Magill commenced proceedings against his estranged wife in the Victorian County Court for deceit. He claimed damages for personal injury in the form of anxiety and depression resulting from Mrs. Magill ’s fraudulent misrepresentations. He also claimed financial loss‚ including loss of earning capacity by reason of his psychiatric problems and expenditure on the children under the mistaken belief he was their father. He was awarded damages of $70‚000. The County Court
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Briefly describe the Adelphia Communications scandal. Adelphia is a Delaware corporation headquartered in Coudersport‚ Pennsylvania. Adelphia owns‚ operates‚ and manages cable television systems and other related telecommunications businesses. Adelphia issues Class A shares of common stock‚ which are registered with the Commission pursuant to of the Exchange Act‚ and Class B shares of common stock‚ which have ten times the voting power of Class A shares and which have been held almost exclusively
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What is Law ? Law means a ‘set of rules’ which governs our behaviours and relating in a civilized society. So there is no need of Law in a uncivilized society. Why Should One Know Law ? One should know the law to which he is subject because ignorance of law is no excuse. Introduction to Indian Contract Act Definition of a Contract :- Sec. 2(h) of the Act defines the term contract as "An agreement enforceable by law is a contract”. Flow of the definition :- Contract
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1. Advantage and disadvantage of internet Advantages of the Internet * · Faster Communication The Internet has been mankind’s greatest means of communication yet. Newer innovations are only making it faster and more reliable. * · Abundant Information Resources The Internet is a treasure trove of information; which offers knowledge on any given topic under the sun. Search engines make information accessible on various subject matters such as‚ government law and services
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