A Collateralized Debt Obligation or CDO is (according to The Big Short) a lumping together of many different loans into one big loan. And the market crashed in 2008 primarily because many of these CDOs were full of loans that should have been rated poorly‚ but due to a combination of greed‚ stupidity‚ and fear‚ the CDOs were rated at the highest possible rating‚ a AAA. Think of The Big Short as a CDO. It is a mixture of ideas from lots of better movies‚ all lumped together‚ and it desperately wants
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( INTRODUCTION In a dispute between two parties‚ the court must first establish what happened. The facts are usually determined by the trial judge. Although in some countries jury may be used‚ in Malaysia‚ it was abolished in the 1980s. Once the facts are determined‚ the judge will then make the application of law to the facts to determine which party would succeed. The doctrine of judicial precedent is important because it is the ratio decidendi of a previously decided similar case‚ decided
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Part of the Crown’s obligation to First Nations’ communities is to guarantee that their rights are protected. Both the Royal Proclamation‚ 1763 and the Canadian Constitution both have clauses to protect and ensure the rights of First Nations. The Royal Proclamation affirms this through its acknowledgment of how the relationship between the Crown and First Nations is built upon these obligations. Therefore‚ it is the Canadian government has a cumulative obligation to protect First Nations’ health
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Louis Sullivan and the Carson‚ Pirie‚ Scott and Company Building “The Art Nouveau Jewel of Chicago” Written by Joss Ryan P10528830 History and Theory ‘ARCH 2031’ 2012 Louis Sullivan and the Carson‚ Pirie‚ Scott and Company Building Page 1 Art Nouveau is a very renowned style of art‚ applied art‚ and architecture. It is an influential design movement and an international philosophy. The name “Art Nouveau” itself means “new art” in the French language‚ and is also known as “Jugendstil”
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Humans’ Moral Obligation to Preserve Endangered Species Many species that exists today are becoming endangered to extinction. In the past era where humans did not exist‚ extinction occurred due to natural causes. On this present time however‚ extinction of species are threatened by humans’ existence. Humans are the only moral agent; in which‚ it has the intellectual capacity that animals and plants do not have. Thus‚ humans are powerful and dominate over any species. Many practices that humans
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Do humans have the obligation to help others? “Helping will never be an obligation‚ but an act of mercy.” D.R. It can also be a response to those who are in need or just a moral issue that we as humans try to make whenever we can. One of the reasons is that we help others because we can not bear to see a person in terrible condition‚ having a hard time‚ being physically or psychologically abused‚ do nothing. These and other everyday situations that come our hearts lead us to help those
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Star Trek: Generations by David Carson Minefield Tragedy. Star Trek: Generations directed by David Carson wasn’t appealing to viewers because it lacked good graphics and had many plot holes. Although Carson used two very significant characters‚ Captain Kirk and Captain Picard‚ the storyline he created was dissatisfying to many due to the film feeling more like an episode from the series Star Trek: New Generations. Other Star Trek movies have produced double the profit that Star Trek: Generations
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CIVIL CODE OF THE PHILIPPINES TITLE V. — PRESCRIPTION Chapter 1 GENERAL PROVISIONS Article 1106. By prescription‚ one acquires ownership and other real rights through the lapse of time in the manner and under the conditions laid down by law. In the same way‚ rights and actions are lost by prescription. COMMENT: (1) Definition of Prescription Prescription is a mode of acquiring (or losing) ownership and other real rights thru the lapse of time in the manner and under the conditions
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In the reading of Jane English‚ English argues that" grown children have no filial obligations towards their parents." In her professional philosophical theory‚ she agrees‚ "that whatever duties children are willing to perform for their parents should not be one that is established out of repayment but from the result of a friendship that molded from the love between them." I do agree with English’s theory based on my cultural norms which foresees it as a form of accepted behavior and beliefs that
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of Law Interpretation of CISG- Objective and subjective test • Formation of a contract; offer‚ acceptance‚ withdrawal‚ acceptance with modification. Overview • Buyer’s and seller’s obligations • Buyer’s and seller’s remedies GENERAL STANDARDS OF PERFORMANCE • Both buyer and seller have to perform their obligations under the contract. • A party that fails to perform is in breach. • The party that does not breach has remedies. Fundamental Breach • When one party breaches‚ the other party may avoid
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