Michael Anthony L. Leachon Obligation and Contracts Case Digests PNB VS CA 315 SCRA 309 FACTS: * October 23‚ 1990 Lily S. Pujol opened an account with the petitioner PNB(Mandaluyong branch.) She applied for a “combo account” under her business name “Pujol Trading.” This account is a combination of a savings and current account wherein if there are insufficient funds in the current account of the owner then the funds of the savings fund will be used. PNB thereafter‚ issued a passbook with
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FACTS OF THE CASE The brief facts of the case are: The petitioner‚ M/s. KVR Construction (Assessee) is a construction/development organization rendering services/administrations under classification of "Development of Residential Complex Service" and are paying the Service Tax as per Finance Act‚ 1994. They are construct some buildings for Shri Adichunchanagiri Shikshana Seva Trust by virtue of an agreement dated 7-12-2004: (a) Medical college (b) AIMS Hospital (c) SJBIT Engineering college (d) SJBIT
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Even though e-cash still has too many risks‚ the foremost reason that it hasn’t become a more popular form of payment is that the lack of government involvement. The lack of government involvement is mainly because of seigniorage. Seigniorage is the interest earned by the government on the face value of money while it is in circulation or it is in people’s pocket. Every year federal government earns billions of dollars in seigniorage from paper bills and metal coins. Since there is no seigniorage
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shall pay the seller one third of \150‚000‚000 in cash as a deposit by HSBC on the 8th of February. The next payment‚ the rest 2 third of \150‚000‚000 shall be made on the registration day‚ 1st of March. 2.3 If the seller might not perform the obligation of transferring registration of the detached house or assignment of the detached house‚ she shall compensate double of initial payment (\50‚000‚000*2=\100‚000‚000) in cash by HSBC. 3. Newly moving House. The house which the seller is supposed
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CLASS QUESTION 2 Matthew and Sarah Weisner recently leased space in the Plaza Shopping Center and opened a new business‚ Weisner’s Ice Cream Shop. Business has been good but the Weisners frequently run out of cash. This has necessitated late payment on certain ice cream orders‚ which in turn is beginning to cause a problem with suppliers. The Weisners plan to borrow from a bank to have cash ready as needed‚ but first they must forecast how much cash will be needed. Therefore‚ they have decided
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time you use them. However‚ if you do use a rewards card‚ you’ll have a very high interest rate. Which brings us to what to do if you do carry a balance (in other words‚ you don’t pay off your debt every month). You’ll want to minimize your interest payments‚ so you should pick a credit card that has a very low interest rate. Your credit card is issued by a bank. The bank determines your interest rate‚ fees and rewards‚ so it’s important to find a bank that offers a card you like. It’s processed on
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your balance high and they get more interest from you! Month 1: 10000 + 10000*(.12/12) This is our original $10000 we borrowed‚ plus the monthly interest that they charge. Now I need to subtract 2% of this total balance to represent making a payment for Month 1: 10000 + 10000*(.12/12) – [10000 + 10000*(.12/12)]* (.02) So above is my formula for Month 1. Let’s make it prettier: 10000 + 10000*(.12/12) – [10000 + 10000*(.12/12)] *(.02) Highlighted in pink above is a common term in both parts
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People should insist on a challenging plan rather than a practical plan.人应该坚持自己有挑战性的梦想还是注重实现现实的梦想。 As a Chinese ancient proverb goes‚ a man with plan is a man with hope. When it comes to plan making‚ some may stick to a practical thought while others may prefer a challenging one. As for me‚ I would rather choose the latter one for the following two reasons. Firstly‚ a challenging plan is more likely to ensure efficiency. The major reason why a practical plan appears more appealing is that it
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She says she doesn’t know why it was not done properly originally. She also says she doesn’t know the date so she cannot fill it in but the police will have a record‚ if the dates do not match‚ the sale cannot be completed. Would you authorize this payment? 2 3/4/2013 Mini Case 3 Working for a large American utility‚ you are in charge of negotiating an agreement in Indonesia with the state-owned electricity company to build‚ own‚ and operate a generating plant. It is suggested that you should
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be "fixed-for-floating rate" or "fixed-for-fixed rate" D. All of the above 2. Suppose the quote for a five-year swap with semiannual payments is 8.50—8.60 percent. The means: A. The swap bank will pay semiannual fixed-rate dollar payments of 8.50 percent against receiving six-month dollar LIBOR. B. The swap bank will receive semiannual fixed-rate dollar payments of 8.60 percent against paying six-month dollar LIBOR. C. a) and b) D. none of the above 3. Company X wants to borrow $10‚000‚000
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