The shallow waters of the Southeast Asian coral reefs have the highest levels of biodiversity for the world’s marine ecosystems‚ where coral‚ fish and molluscs abound. According to Conservation International‚ marine surveys suggest that the marine life diversity in the Raja Ampat area is the highest recorded on Earth. Southeast Asia was a critical part of the world trading system. Tourism has been a key factor in economic development for many Southeast Asian countries‚ especially Cambodia. According
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Marks: 5 Which resource provider typically receives first priority when resources are divided as part of a business ’s liquidation? Choose one answer. | a. stockholders | | | b. owners | | | c. the company ’s managers | | | d. creditors | | Correct Marks for this submission: 5/5. Question 3 Marks: 5 Which of the following transactions involves a deferral? Choose one answer. | a. Recording salaries of employees earned but not yet paid. | | | b. Recording the interest
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Introduction The equitable maxims provide a set of general principles which can be said to have influenced the development of equity. This gives an overview of a selection of these maxims‚ examining them in varying amounts of detail and identifying many of the particular areas of the law which have been affected‚ and which are dealt with later in the book. These include‚ for example‚ the maxim ‘where the equities are equal the first in time prevails’‚ and its effect on priorities and conflicting
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MARVEL ENTERTAINMENT GROUP Bankruptcy and restructuring Introduction Marvel entertainment group was started by Martin Goodman in 1939. It originally was a comic book business‚ known as Marvel Comics now. We have no way to forget the images of X-men‚ Spider-Man‚ and Thor. Marvel Entertainment Group has had a glorious history‚ and a dominant position in the comic market. However‚ this glorious empire regretfully elapsed in the end. The historical rise and fall influences not only comic fans’
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American Fuel & Supply Company Inc. 1. A major focus of the lawsuit Chevron Chemical filed against Touche Ross was the auditing profession’s rules regarding the “subsequent discovery of facts existing at the date of the auditor’s report”. Those rules distinguish between situations in which a client cooperates with the auditor in making all necessary disclosures and situations involving uncooperative clients. Briefly summarize the differing responsibilities that auditors have in those two sets
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repayment Callable bond – may be converted to other securities of the issuer Convertible bond – May be converted to other securities of the issuer (usually common stock) Indenture – A bond contract that specifies the legal provisions of a bond issue Secured bond – Specific assets are pledged as a guarantee of repayment at maturity Bond certificate – The bond
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As we know‚ cash is the most important factor to every company to exist and develop. Without cash‚ the business would not be able to survive. Cash is required for all activity of a company‚ such as buying new premises‚ investing on a plan‚ developing a product‚ buying new machines‚ equipments‚ etc… So every company always look for different sources of finance that can help them maintain and develop the businesses. There are various sources of finance that the companies need to consider in particular
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Far Eastern University Institute of Law CODE OF COMMERCE Commerce It is that branch of human activity‚ the purpose of which is to bring products to the consumer by means of exchanges or operations which tend to supply and extend to him‚ habitually‚ with intent to gain at the proper time and place in good quality and quantity. “Commerce” and “trade” are used interchangeably although the former is more commonly used in international dealings and the latter in domestic ones. (Pandect of Commercial
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Definition When a current account holder permitted by the banker to draw more than what stands to his credit‚ such an advance is called an overdraft. The banker may take some collateral security or may grant such advance on the personal security of the borrower. The customer is permitted to withdraw the amount as and when he needs it and to repay it by means of deposit in his account as and when it is feasible for him. Interest is charged on the exact amount overdrawn by the customer and for the
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The petitioner urges that their action for partition and liquidation may be maintained‚ notwithstanding that there are pending obligations of the estate‚ subject to the taking of adequate measures either for the payment or the security of its creditors. Is his contention correct? Held: No. There is no question that the law allows the partition of the estate of a deceased person by the heirs‚ extrajudicially or through an ordinary action for partition‚ without the filing of a special proceeding
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