CHAPTER –6 Credit creation by commercial Bank Demand deposits as money Bank deposits are two types. 1. Demand Deposit 2. Time deposit The demand deposits on which cheques are issued are also called as cash deposits or current deposits. D.D are therefore‚ almost as good as cash money the depositor can convert a part or the whole of the current account in currency notes at any time. According to T.T Sethi “A demand deposit is the obligation of a bank to pay a certain sum of money to a specified
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Erika Poupore Professor Currier ENG 102 T 8 February 2013 In Foucault’s Essay on Panopticism he describes how in the Seventeenth Century they began to control the spread of a plague. He begins by explaining what measures were taken to control the plague‚ such as quarantine and forced separation. One thing that really stood out to me is that he said everyone is locked up in his cage which makes me think of a prison but they were in there own houses. Throughout the essay he breaks down
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Tenancy Agreement 租 約 The Premises ： 物業 The Landlord ： 業主 聯絡電話 ： 入帳號碼 ： The Tenant ： 租客 聯絡電話 ： Term of Tenancy ：From | to (Both days inclusive) | 租期 由 | 至 (包括首尾兩天) | Rent ：HK$ | per month(Inclusive of government rent
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COSMA ZONE EXPANSION TO CHINA Submitted To: PROF. MUBASHIR Submitted By: RAMSHA KHALID 10 MAHWISH IJAZ 32 SHAZMIRA AHMAD 40 MBA 1.5 (2ND Semester) 2012-2014 INSTITUTE OF BUSINESS ADMINISTRATION UNIVERSITY OF THE PUNJAB WHY GO GLOBAL? Business has to scale up to meet the demands of this global market. The scaling-up process is unavoidable. - Richard Parsons‚ former CEO and Chairman of Time Warner
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contract is a legally binding agreement. Stated another way‚ "a contract is a promise or a set of promises for the breach of which the law gives a remedy‚ or the performance of which the law in some way recognizes as a duty." (Restatement‚ Contracts‚ 2d) study hint. The essence of a contract is that (1) by mutual agreement (2) parties create obligations that can be legally enforced. 2. ELEMENTS OF A CONTRACT Elements of a valid contract are: (1) an agreement; (2) competent parties; (3)
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partners; however‚ there are a wealthy few who feel as if a prenuptial agreement is the only true method of which they can define the level of faith within a marriage. They feel that if a spouse agrees to a prenuptial agreement then that person truly loves them and does not want them for financial benefits. A prenuptial agreement should not be a factor in the engagement process. My opposers would say that a prenuptial agreement is sometimes necessary because people are sometimes not sure of the loyalty
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Prenuptial Agreement Prenuptial agreement or what is often called “prenup” is a legally bound contract made by a couple before they marry concerning the ownership of their respective assets. To some people‚ a prenuptial agreement is an insurance issue‚ to others it is a trust issue. Is a prenuptial agreement really important? Does every engaged couple need one before they get married? What happened to the foundation of love and trust? With much speculation‚ this topic has become an intriguing argument
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PARTNERSHIP AGREEMENT entered into between: ___________________________________________________________________________ (full name and registration number) (“the First Partner”) and ___________________________________________________________________________ (full name and registration number) (“the Second Partner”) and ___________________________________________________________________________ (full name and registration number) (“the Third Partner”) WHEREBY IT IS AGREED
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MORTGAGE AGREEMENT THIS MORTGAGE AGREEMENT made and entered into this _____ day of July‚ 2012‚ by and between MRS. FEDERINA BALANAY QUINAY‚ the legal spouse of the late Mr. Federico C. Quinay‚ Sr. whose address is at Brgy. Luinab‚ Iligan City‚ hereinafter referred to as the “Mortgagor”; and MRS. AUDI QUINAY LIQUINGAN‚ the legal spouse of Mr. Menard Q. Liquingan whose address is at Ineangan‚ Dupay Del Norte‚ Nueva Vizcaya‚ hereinafter referred to as the “Mortgagee”. WHEREAS‚ the Mortgagor owns
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serves as a giant puzzle. From coast to coast‚ each region of land is slowly being put together. This is very similar to westward expansion. From 1801 to1844‚ westward expansion spread rapidly and America experienced a serious change in national unity. During this period territorial expansion had a very large impact and overall brought Americans together. During the early 1800’s (1800-1823) the Louisiana Purchase and Treaty of 1818 increased national unity. The Louisiana Purchase was economically beneficial
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