BANK OF AMERICA’S MASTERNET SYSTEM: A CASE STUDY IN RISK ASSESSMENT By Jeffery G. Szilagyi Abstract In 1982‚ Bank of America initiated the development of the Master Net trust accounting system. After $78 million in losses on the project‚ the bank announced in 1988 that its trust business was being given to a subsidiary because it could no longer handle the operational requirements. MasterNet quickly became known within the information system industry as a classic case of a system that had fallen
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Mortimer Street‚ London W1T 3JH‚ UK Journal of Trust Research Publication details‚ including instructions for authors and subscription information: http://www.tandfonline.com/loi/rjtr20 Going back to the source: Why do people trust each other? Graham Dietz a Durham Business School ‚ Durham University ‚ UK Published online: 30 Sep 2011. To cite this article: Graham Dietz (2011) Going back to the source: Why do people trust each other?‚ Journal of Trust Research‚ 1:2‚ 215-222‚ DOI: 10.1080/21515581
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EQUITY AND TRUSTS The statute does not forbid or destroy equitable assignments or impair their efficacy in the slightest degree." Per Lord Macnaghten in William Brandt’s & Sons & Co v Dunlop Rubber Co Ltd [1905] AC 454‚ 461 Discuss critically the above statement with regard to the Malaysian legal position. Before receiving his title deed‚ a person may obtain a loan from a financier by assigning the rights to the property to the financier. Similarly‚ a creditor may obtain a loan from a factor
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1.0 Introduction As part of their lives‚ individuals are engaged in generating wealth and using this for their own prosperity.The management of this created wealth is an important issue‚ as individuals are expected to also manage their lives with this wealth. It is the concern of this study to investigate how wealth is perceived by wassiyah method and how it is distributed by individuals in the form of inheritance. Islamic theory of wealth provides useful guidelines in relation to wealth ownership
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conveyed as a trustee‚ and who knows it was so conveyed‚ to deny the trust and claim the land himself’. Section 53(1)(b) of the Law of Property Act 1925 provides that ‘a declaration of trust respecting any land or any interest therein must be manifested and proved by some writing signed by some person who is able to declare such trust or by his will’. S53(1)(b) indicates that in cases where there is a purported oral declaration of trust‚ it is not void without the element of writing‚ but merely unenforceable
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Specifically it will cover the common intention constructive trust and its development as well as the impact of the reform introduced by the Trust of Land and Appointment of Trustees Act 1996 (TLATA). Cohabitation of property has generally always been regulated by statute. Much of the 20th century co-ownership was created under ‘trusts for sale’ regulated in the LPA 19251 that had been initially designed for older times. The trust for sale was therefore not a particularly effective method for
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3.3 In God We Trust Feel like Christ and you will be a Christ; feel like Buddha and you will be a Buddha. It is feeling that is life‚ the strength‚ the vitality‚ without which no amount of intellectual activity can reach God. – Swami Vivekananda (1863-1902)‚ the Indian Spiritual leader of the Hindu religion (Vedanta). He was a disciple of the 19th century Indian mystic-saint Sri Ramakrishna. He was the founder of the Ramakrishna Order of Monks. Trust is independent. God said it – I believed
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insolvent‚ or desires to be discharged from the trust‚ or refuses or becomes‚ in the opinion of a principal Civil Court of original jurisdiction‚ unfit or personally incapable to act in the trust‚ or accepts an inconsistent trust‚ a new trustee may be appointed in his place by: (a) The person nominated for that purpose by the instrument or trust (if any)‚ or (b) If there be no such person‚ or no such person able wid willing to act‚ the author of the trust if he be alive and competent to contract
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Customer Trust in the Salesperson: An Integrative Review and Meta-Analysis of the Empirical Literature John E. Swan Michael R. Bowers Lynne D. Richardson UNIVERSITY OF ALABAMA AT BIRMINGHAM The development of trust between salespeople and their customers has traditionally been considered a critical element in developing and maintaining a successful sales relationship. This article presents the first comprehensive literature review and meta-analysis of the antecedents of trust and consequences
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1. Introduction 1. Equity and Trusts * Equity is a particular body of law‚ consisting of rights and remedies‚ which evolved historically through the Courts of Chancery to mitigate the severity of the common law. * The trust has been characterised as the greatest and most distinctive achievement in equity although an exact definition of the trust has proven difficult. * Equity would recognise and enforce rights and duties that were not known to the common law. * E.g. the common
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