Jamaica Water Properties A Case Study The case is about an accounting fraud that involves the Jamaica Water Properties‚ Inc. The fraud was characterized by misapplication of purchase method of accounting for acquisitions‚ recording fictitious assets‚ improper accounting for NOLCO‚ non-recording of appropriate allowances for uncollectible receivables‚ and misapplication of the percentage-of-completion method of accounting for long-term contracts. Ernest Grendi made the fraud possible‚ company
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A court is a tribunal or governmental institution with the authority to adjudicate legal disputes between parties and carry out administration of justice in civil‚ criminal and administrative matters. The legal tradition prominent in the Commonwealth Caribbean is that of the common law tradition‚ which originated in England‚ the court system of the territories is also influenced by tradition. The courts in the region are modeled on those of England. The power to create and regulate such court systems
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The Disillusionment of Paradise Jamaica is known as an island of paradise for many individuals around the world. The culture is rich with its long white sandy beaches‚ crystal clear blue water as far as the eyes can see‚ palm trees blowing in the crisp breeze‚ Duns River falls‚ and the birth place of reggae music. Often times when the illusion of perfection is removed from a situation‚ clarity is identified. In reality‚ to the vast majority of its natives‚ Jamaica is a country plagued with corruption
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Essay for Debate Achieving sustainable development in Jamaica is unattainable given the present cultural norms of the country. A recent study conducted by the World Commission on Environment and Development (WCED) defines sustainable development as “a process of change in which the exploitation of resources‚ the direction of investments‚ the orientation of technological development and institutional change are made consistent with the future as well as present needs of a nation.” Sustainable
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OK Jamaica shoes – Ethiopia A TNC is also known as a transnational corporation. These companies transcend national borders e.g. Mc Donald’s or Pizza Hut. Ok Jamaica Shoes is also a good example of a TNC as it currently supplies shoes to over 40 retailers in Ethiopia‚ as well as many more in Kenya‚ Tanzania Djibouti and Canada. OK Jamaica shoes are also in the process of expanding its export base to the European‚ American and Canadian
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UNIT 1: Legal‚ Ethical‚ and Digital Environment Chapter 1: Legal Heritage and the Information Age US law is primarily based on English common law‚ and other legal systems‚ such as Spanish and French civil law. ← Sources of law are the US Constitution‚ state constitutions‚ federal and state statutes‚ ordinances‚ administrative agency rules and regulations‚ executive orders‚ and judicial decisions by federal and state courts. ← Businesses organized in the US are subject to its laws and
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The Contact with the Fabulous HotelBUS 670: Legal Environment Angie Zahn Shawn GrimsleySeptember 8‚ 2014 Let’s pretend for a moment that I was hired to work at the Fabulous Hotel as their head chef. In order to accept this job‚ I signed a contract with the hotel locking me into working for them for two years. After the two years were up‚ the Amazing Hotel down the street decided that they like my work ethic and skills in the kitchen‚ and the hotel owner offered me double what I made at the
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Jamaica is home to the reggae beat. The term reggae comes from a Jamaican phrase meaning “rags or ragged clothing”‚ it is used to denote a raggedy style of music that was rooted and grew in Jamaica. This genre of music includes Jamaican and American blues and R&B influences. The Jamaican music surrounds through survival revival sessions‚ ceremonies‚ nyabinghis‚ Maroon and Kumina possession ceremonies‚ and dances. Reggae music is one of the most popular music genres in the world‚ and mainly focuses
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is: how many people take the time to read every page and every word of a contract before they sign it? I tried‚ but after you sign/read five pages‚ you just want to be done‚ and that is what leads to problems. A contract as defined in The Legal Environment of Business and Online Commerce by Henry Cheeseman is an agreement that is enforceable by a court of law or equity. In other words‚ do not enter into a contract lightly‚ especially with how litigious people are these days. They will do anything
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and that people can discover through the us of their natural intelligence‚ or reason. Positive Law – Or national law (the written law of a given society at a particular point in time)‚ applies only to the citizens of that nation or society. Legal Realism – the idea that law is just one of many institutions in society and that it is shaped by social forces and needs. Constitutional Law – The law expressed in these constitutions. Statutory Law – Laws enacted by legislative bodies at any
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