Case 10-8 Ellie Enterprises An investment that is not one of the three traditional asset types such as stocks‚ bond and cash are considered as an alternative investment. “These types of investments include hedge funds‚ managed futures‚ real estate‚ commodities and derivative contracts.” (www.investopedia.com). These are subject to less regulation and use leverage and derivative instruments to optimize their returns. “In spite of many pensions and private endowments beginning to invest in these
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title implies actual ownership of the property whereas equitable property right which is also known as equitable title refers to the actual enjoyment of the property. In the context of equity and trust‚ a person who owns legal title is known as the trustee whereas a person who owns the equitable title is called the beneficiary. Both legal property right and equitable property right are proprietary in nature‚ meaning that it is transferable and is capable of binding on a third party‚ for example‚ a purchaser
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My topic is on the Chief Executive Officer of State Farm Insurance‚ Edward B. Rust Jr. Like his grandfather and father before him‚ Edward B. Rust Jr. became the chairman and chief executive officer of State Farm Insurance Companies. Having been associated with the company his entire life‚ Rust was well rounded in the mutual insurer ’s corporate culture‚ which placed a great deal of emphasis on serving policyholders‚ who were the legal owners of the company‚ and avoiding spending money unnecessarily
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MenuItem 10: (Topic 10) Medium- to long-term debt Question 1: Manufacturer Limited is seeking a five-year term loan from its bank. The bank manager has indicated that a loan can be provided and will be priced at the bank’s base rate‚ plus a margin. Which of the following is not a determinant of the margin to be paid by the company? A: the debt to equity ratio of the borrower B: the borrower’s past loan-repayment performance C*: the term structure of interest rates D: the assets available to
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certain principles are fundamental. One is that only a person who was party to a contract can sue on it. Our law knows nothing of a jus quaesitum tertio [third party right of action] arising by way of contract. See also Coulls v Bagot’s Executor & Trustee Co Ltd (1967) 119 CLR 460‚ at 478‚ per Barwick CJ. 2. Privity and its Relationship to the Doctrine of Consideration When looking at the doctrine of consideration we observed the rule that consideration must move from a promisee‚ or‚ in other
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30th September 2025 Listed: Channel Islands Description: €2‚000‚000‚000 Pass-through Certificate Issuance Programme. Dealer: Exotix Limited. Servicer: Exotix Limited. Issuing and Paying Agent and Common HSBC Bank plc. Depositary: Trustee: Capita Trust Company Limited. Underlying Assets: The Underlying Assets are Banco Nacional de Cuba Loan Obligations. The Underlying Assets relating to each Series will be owned by the Issuer (unless otherwise specified in the relevant Issue Terms)
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No matter to which country one belong to‚ it is seen that every second person you come across is being said to be a victim of the dreadful recession. This tsunami like waves of recession have affected almost all the nations of the world from India‚ to America‚ to Australia or for the matter of fact it has even affected Canada to some extent. The worst part of recession that many may lose their jobs or need to shut down a well running business‚ it could also create a situation where people could find
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[Application allowed.] Held: At the time when the act of bankruptcy was committed‚ the applicants had an equitable right to a lien and the trustee in bankruptcy who steps into the bankrupt’s shoes takes a title no better than him. He takes subject to the same equities as affected the property in the bankrupt’s hands. (What is binding on the debtor is binding on his trustee.) Therefore‚ prima facie the applicants who are prior in time must succeed. Nothing to preclude the enforcement of equitable rights
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KPMG Sued by New Century Trustee Over Subprime Lender’s Demise By Sophia Pearson - April 2‚ 2009 00:36 EDT April 2 (Bloomberg) -- KPMG International‚ which oversees the fourth-largest U.S. accounting firm‚ was sued by the trustee for bankrupt subprime lender New Century Financial Corp. over claims it failed in its role as “gatekeeper.” Negligent audits and reviews by KPMG LLP‚ the U.S. member firm of KPMG International‚ led to New Century’s collapse‚ according to lawsuits filed yesterday
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trust model that then incorporates decision-making factors and situational factors. Decision making factors consist of the following: How risk tolerant is the trustee? How well adjusted is he/she? Situational factors consist of the following: How similar are the parties involved? How secure do the parties feel? Does the trustee show concern? Have they shown predictability and integrity? Do the parties have good communication between them? How much power do they have? Confidentiality
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