enter into a short futures contract to sell July silver for $17.20 per ounce. The size of the contract is 5‚000 ounces. The initial margin is $4‚000‚ and the maintenance margin is $3‚000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call? Problem 5.2. What is the difference between the forward price and the value of a forward contract? Problem 5.3. Suppose that you enter into a six-month forward contract on a non-dividend-paying stock
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Team Contract Team Contract DeVry University Bus460 Senior Project Team Contract Section I: Team Member Skill Inventory As a team we understand the importance of knowing our fellow team mates strengths and weaknesses. “An individual’s strongest areas will be those where he or she has a talent‚ but also has a sense of when and how to use that talent constructively”(Gregory‚ 2007).Having a team member skill inventory will help us as a team in many different aspects including
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INTRODUCTION AND RATIONALE OF QUASI CONTRACTS:- Under the general heading of the Quasi contract there has been grouped a number of cases which have little or no affinity with contract. A simple illustration is afforded by the action to recover money paid by mistake. If the plaintiff on an erroneous interpretation of the facts‚ pays to the defendant a sum of money which he does not really owe‚ law‚ no less than justice‚ will require he defendant to restore it. But his obligation is manifestly not
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By the case of Hughes v Metropolitan Railway Co the doctrine of Promissory Estoppel was establish and the derivation of modern doctrine of it is to be found in the The doctrine of Promissory Estoppel was first developed but was lost for some time until it was resurrected by Lord Denning in the leading case of Central London Property Trust Ltd v High Trees House Ltd. Promissory estoppel There are three exceptions to the rule in Pinnel’s case. They are composite agreement‚ payment of debt
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As I was breaking traditional gender norms‚ I was about to break Latino stereotypes additionally. On November 17th‚ 2016 is the day my life changed. I was dog-sitting for my uncle while my family enjoy their trip to New York when I got the email. The email read‚ “Congratulations‚ you have been accepted to Northeastern University’s College of Social Sciences and Humanities.” In total disbelief‚ I sat down on the couch and made sure that my eyes read the correct information. Being accepted to a prestigious
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validated by stating it is not illegal to take street photographs. The legality of street photography may not be questionable‚ but ethics behind the photographs being taken do not follow this simple process. Street photographers tend to possess many ethical issues‚ one is how they approach the process of taking the photos. The photographers can lack judgement on the situations at hand‚ approaching groups or taking a photo disrespectfully. One such example is when a man “ran across the street towards
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The first chapter that I highly enjoyed reading about was chapter six‚ Ethical and Legal Issues. Nurses should be aware of the Ethics and Legal issues when dealing with patients at the hospital because if a certain scenario comes up‚ then the nurse will have to address and figure out the solution. The issue that stood out the most was Confidentiality. Every patient’s information‚ like medical records‚ needs to be kept confident within team members. Patients have the option to communicate to the
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contract but do not appear to be a relevant issue here. While it is possible for offers to be "made to the world”1‚ K ’s advertisement is an "invitation to treat"2. It cannot be construed as an offer as it shows no intention on K ’s part to be bound to its terms‚ in contrast to the wording of the advertisement in Carlill v Carbolic Smoke Ba// Co3. Thus A ’s letter to K dated 21 April is the first possibility of an offer. However the terms of this letter are too vague to be construed as an offer
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2 MAIN CONTRACT The Employer shall make the Main Contract (other than the details of the Employer’s prices thereunder as stated in the bills of quantities or schedule of rates and prices as the case may be) available for inspection to the Contractor with and‚ if so requested by the Contractor‚ shall provide the Contractor with a certified true copy of the Main Contract (less such details of the Employer’s price)‚ at the cost of the Contractor. The Contractor shall be deemed to have examined the
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Breaking a norm is like an experiment. You are never going to know what the outcome is going to be. A lot of sociologist like to see it as a social experiment‚ and the reason is because people are living their life what is considered the right way. It’s a mimicry‚ everyone doing the same thing‚ following the same rules‚ avoiding everything that is not considered normal‚ usual‚ typical‚ and even standard. For my social experiment‚ I decided that my norm violation would be saying “I love you” when
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