sort of the agreement as well as sort of administration passed from the bank to the customer. For instance those responsibilities/obligations might be such issues as exchange of trust‚ respect installments‚ arranged impacts between numerous etc. Nevertheless to
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1. What is a moral dilemma? A genuine dilemma is one type of moral problem‚ captured by the expression “You’re damned if you do‚ damned if you don’t.” That is‚ in a dilemma‚ there appears to be no right answer or solution (Dreisbach‚ 2008). Moral dilemmas‚ at the very least‚ involve conflicts between moral requirements (McConnell‚ 2010). 3. The four questions that must be asked to establish if a Dirty Harry Problem exists are: Did the agent know the situation and the choices that it offers
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The Natural Gas Case Introduction * This case is about the negotiation of buying a gas between two parties involved – the plaintiff a German company and the defendant an Austrian partnership. On the 18th of December 1990 the plaintiff faxed the defendant with an offer to buy 700-800 metric tons. Meanwhile Austria responded that the ship will be from US for delivery to Belgium and the price is $376 per tone. Additionally a letter of credit was required‚ since both of the parties haven’t seen
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fluctuations in the purchasing power or in the foreign exchange rate of money does not affect the amount owed (i.e. the particular sum of money owed) under an obligation to pay. In other words‚ the amount is fixed and remains unchanged irrespective of the changes in the value of money. Place of payment –This is the place of performance of the obligation of a debtor to pay under an international contract. Direct effect – 1) an effect is “direct” if it comes as an “immediate consequence of the defendant’s
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a return’ (1922: 176). This was heavily criticised by revolutionary theorist Marcel Mauss in his most famous work The Gift (1925)‚ whereby through studying the Maori people‚ he argues that a free gift is impossible‚ as with every gift comes an ‘obligation to reciprocate’ (1925: 3). The Gift has been extremely influential to many anthropological studies including the work of James Carrier‚ Jonathan Parry and David Sahlins. However Mauss ’s views on the nature of gift exchange have not been without
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issued from the foreign judge requesting access to the documents. • Instead‚ Breen pursues a test case‚ intending to establish whether a medical patient can obtain access to their records at common law. Issue • Does Mr Williams owe a fiduciary obligation to Ms Breen to make full disclosure of her medical records? Reasoning High Court of Australia: Brennan CJ: • Fiduciary duties have two sources: (1) Agency
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II. Rights and obligations: the assets presented in the financial statements are actually assets for which entity holds the ownership right or has all the necessary controls the right to use the asset. Similarly‚ the liabilities recorded are actually the obligations of the entity. III. Completeness: all the assets‚ interests and obligations of the entity that required recording have been recorded in the financial statements IV. Valuation and allocation: all the assets‚ obligations and equity interests
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advantage of these mechanical rules‚ quite legally‚ to their economic advantage‚ thus obtaining almost all the same economic benefits associated with ownership of long-term assets‚ but avoiding the detrimental impact that recording those assets and obligations can have on their debt ratios. Pensions and Postretirement Liabilities Most companies have retirement plans for their employees. A pension is employee compensation that will be received during retirement. Companies also provide postretirement
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CONTRACT – DISCHARGE (Pg 161) Discharge refers to a termination of a contract. After a contract is discharged‚ the parties are relieved of their obligations under the contract. There are four ways Performance‚ Breach‚ Agreement and Frustration. Performance Performance – discharging a contract by performing all obligations as stipulated in the contract. Precise Performance Cutter v Powell (1795) The court held that payment was conditional upon the completion of the voyage; payment even
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do represent the expectations for CPAs on the part of the public in the performance of professional services. In this regard‚ the Principles are based on values of the profession and traits of character (virtues) that enable CPAs to meet their obligations to the public. The Principles include (1) Responsibilities; (2) The Public Interest; (3) Integrity; (4) Objectivity and Independence; (5) Due Care; and (6) Scope and Nature of Services. The umbrella statement in the Code is that the overriding
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