T II II II II II II II II II II II II .. II II .. 1. In the region of Northwest Artemia‚ Vulcacia is a country which shares its borders with Asteria‚ Demego and Metecia. The relations of Vulcacia with its neighbouring states have been historically antagonistic and have traversed from being highly volatile to reasonably calm over the last two decades. In order to ensure its security and integrity‚ Vulcacia focuses on its military strength near the borders of
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this help director to hide a massive amount of liability and asset from companies balance sheet. Other examples of off balance sheet financing are selling receivable‚ joint ventures‚ special purpose vehicles‚ convertible debt‚ sales and repurchase agreement‚ which used by Lehman Brothers as REPO 105. Causes Of Lehman Brother Failure: Lehman Brother collapse is one of the biggest financial crises in US history. But there is no single reason behind the collapse of Lehman Brothers. There are misuse of
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the provisions that are included. It’s a good idea to use plain English in contracts because if you don’t understand what a provision means‚ you might have trouble enforcing it. A letter of intent is a document outlining an agreement between two or more parties before the agreement is finalized. To avoid future disagreements over the legal effect of the letter‚ it is best to state in each letter of intent whether it is binding or merely a launching point for further negotiations. Question 2: Describe
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Case 9-4 Trueblood Case 09-4 Solution Case 9-4 How should NeedsSpace account for the two obligations noted as provisions in the lease agreement? ● Provision 1: “Lessor may require the lessee to perform general repairs and maintenance on the leased premises.” By entering the lease agreement‚ NeedsSpace (the lessee) becomes legally and contractually responsible for performing general repair and maintenance on the leased premises. Assuming that the lessee is required to make deposits to financially
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Lucy v. Zehmer Case Brief Facts: Lucy made an offer to Zehmer one night while at his restaurant to purchase Zehmer’s farm for $50‚000. Zehmer and Lucy both signed an agreement that promised Zehmer would sell the farm to Lucy. Zehmer claimed later that the agreement to sell the farm was made when they were both drinking at Zehmer’s restaurant and that he only meant the acceptance as a joke. Zehmer didn’t believe that Lucy’s offer was genuine since they were both drinking and went along with
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(Decrease) Volume Rate Net (In Thousands) Interest-earning assets: Mortgage loans: One-to-four family Multi-family‚ commercial real estate and construction Consumer and other loans Mortgage-backed and other securities Federal funds sold and repurchase agreements Federal Home Loan Bank stock Total Interest-bearing liabilities: Savings Money market NOW and demand deposit Liquid CDs Certificates of deposit Borrowings Total Net change in net interest income $ 53‚118 (1‚923) (6‚124) (49‚675) (4‚735) 1‚487
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International Legal and Ethical Issues Simulation Summary Robert A. Nelson LAW/421 May‚ 14 2012 International Legal and Ethical Issues Simulation Summary Any company entering into agreement that may involve international business activities should be fully aware of any changes to international legislations and laws that pertain to their business (Melvin‚ 2011). Above all other aspects of conducting a successful business abroad understanding the laws of the country one are operating
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What is a contract? A Contract is legally recognized agreement‚ which is normally binding between 2 or more people. What are the elements of contract? Offer- One person involved in the contract assented to do or abstain from a chosen action in the future. Consideration- There was something of worth that was promised in lieu of the specific action or no action. Consideration differentiates a contract from a gift. This would prevent any misunderstandings in the future. Acceptance- The offer
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Monetary Goals and Tools: Fed has several tools by which it influences the amount of money in the economy and the general level of interest rates. The tools are reserve requirements‚ open market operations‚ open market repurchase agreements‚ and the discount rate. These are the ways that Fed interacts with commercial banks in the process of creating money. Reserve requirements –US has fractional reserve banking system-to maintain specified fractional amts of reserves against their deposits. Feds
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1) a- Yes‚ P may recover‚ as this is a breach of the contract. P‚ in agreeing to accept the pension‚ forfeited his rights to take another job in the industry. This is a legal detriment to P‚ the promisee – one which did not exist prior to the formation of the contract. b- This is not enforceable. This is an example of past consideration‚ which is not consideration. P had already rendered the service at the time the company’s promise was made. In other words‚ the service was not induced by or given
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