Friday, February 7, 2020

Commercial Law Essay Example | Topics and Well Written Essays - 3250 words

Commercial Law - Essay Example Consequently, it is not impossible, theoretically, for a bank to have a charge over the cash deposited by one of its customers and which functions as the security with regard to a loan provided to the customer. This effectively discounted the Court of Appeal’s conceptual impossibility contention that had been supported by it (McCormack, 2002, p. 7). Such reciprocity in indebtedness is common to several commercial transactions and this decision by the House of Lords has provided immense relief to the commercial community. This is due to its capacity to do away with ambiguity and promoting transactions that are of immense benefit. The fact that there are legally valid and effective alternate transactions does not reduce the importance of the aforementioned category of transactions (Re Bank of Credit and Commerce International S.A. (No. 8), 1998). These alternatives cover the contractual rights of set off and rendering the deposit a flawed asset, which the third party in the position of the depositor or depositor cannot withdraw. The court ruled with great insight that the device of a charge back ensured powerful protection to a bank. This was by means of the flawed asset techniques and the contractual set off, and not due to the charge over the asset (Re Bank of Credit and Commerce International S.A.... 187). Commercial transactions are always exposed to the risk of insolvency or default. This is mitigated by employing credit derivatives, which create exposure to or hedge the credit risk inherent in debt instruments, like bonds and loans. There is nothing novel about this function, which had been undertaken by debt syndication, cash securitisations, and loan participations. These initiatives had been utilised to control the credit risk of debt instruments. Such credit risk had been managed by the practice of sell – down of the investor of lender’s risk in the debt instrument (Ali, 2004, p. 326). All the same there is a crucial difference between the previous credit risk management strategies and credit derivatives. The latter separate the credit risk of a debt instrument from itself and this risk is transferred to a third party. In addition, the debt instrument is retained or disposed of to another party. This renders credit derivatives, tools of credit risk management that have much greater precision. Lenders and investors are protected against credit risk, due to credit derivatives; and the economic benefit of the debt instrument is not transferred (Ali, 2004, p. 326). Moreover, insurance and reinsurance companies, banks, bond insurers and hedge funds are the chief sellers of credit protection. Credit risk protection is provided by these financial institutions, first, by the sale of protection under credit default swaps to investors or lenders. Second, by the making investment of funds in securities issued under a programme of synthetic securitisation (Ali, 2004, p. 326). Companies of Scotland were not permitted to create a floating charge with regard to the whole or part of their undertakings and

Wednesday, January 29, 2020

Sad - Online Grading System Essay Example for Free

Sad Online Grading System Essay Currently these are the problems that usually occurs in distributing the students’ report cards. What is the extent of the problems faced by the student in terms of the following? a) Accessibility of the student’s grades. b) Accuracy of the student’s grades given by their teachers. c) Disputes or discrepancies of the students with their grades. OBJECTIVES OF THE STUDY In order to provide excellent distribution of student’s grades, Trinity Christian School needs to develop an online grading system with an easy to use interface for teachers, and also the students to see their grades. a) To be able to create a system that allows the students all-access to their grades at any given point of time and date. b) To provide a system that updates the data of the grades in real time if not then on a specific time. c) To create a system that notifies the teacher that his/her students has problems/disputes to their grades. SIGNIFICANCE OF THE STUDY The following below are the users that would benefit greatly on the system: To the Students Students would benefit in using the Online Grading System for involving themselves to partake justifying their grades. Students can also use this system to access or view their grades if ever they took an early vacation and aren’t able to get their report cards. And most importantly is that the student will enhance their sense of responsibility. To the Teachers Teachers will benefit this system in regards to lessening the time distributing report cards to parents/ guardians. To the Parents/Guardians There are some cases that a student would lie about their grades and won’t show the report cards to their parents, this system  will make that situation impossible since the parents or the guardians will have access to the student’s grades and they would know if the student is lying or not. To the Researchers That the researchers would be able to create a fully functional system that would implement the lessons and theories that the researchers have learned. It would give the researchers an idea on how the information technology professionals do their works. To the Future Researchers That this Feasibility study would serve as guidelines. And give an idea to the future researchers in what are the basic needs of an online grading system. DEFINITION OF TERMS Terms here are conceptually and operationally defined for better understanding. Administrator a person who manages a computer system.  Information Technology It defines an industry that uses computers, networking, software programming, and other equipment and processes to store, process, retrieve, transmit, and protect information. Internet a vast computer network linking smaller computer networks worldwide. The Internet includes commercial, educational, governmental, and other networks, all of which use the same set of communications protocols. LAN local area network (LAN) consists of two or more computers connected together in a building or home using software and hardware. A LAN is contrasted to a wide area network (WAN) such as the Internet, which covers a large geographic area. Network Is a collection of computers and devices interconnected by communications channels that facilitate communications among users and allows users to share resources. Online connected to, served by, or available through a system and especially a computer or telecommunications system. SCOPE AND LIMITATIONS Trinity Christian School is one of the outstanding private schools in Bacolod City which is located at Villa Angela Subdivision, Phase 3, Bacolod City,  Philippines, 6100. They create, teach and provide high education standards that caters to the needs of their students, and also engraves the spirit of Christianity to their students, faculty and staff. Trinity Christian Schools offers a continuum of learning from nursery up to high school. Trinity Christian School believes in the importance of building a strong foundation in the learning experience of the student, and in building the values of self-discipline, diligence, and respect for self and others along with the students intellectual development. The study is only implemented for Trinity Christian School and can be networked through the internet by the administrator. The researchers are not liable to the changes of the grades made by the teacher.

Tuesday, January 21, 2020

Tsunami :: essays research papers

I think that every author has a purpose and reason behind there writing. Most of it was to make aware of the catastrophe, damage and affect that the tsunami and earthquake had on the nations that it hit. Also some of the information in the articles was to make aware of the efforts other nations were doing to help those affected. Other articles explained the origin of such catastrophes. For example, one article explains how many years of built up strain on 2 faults in the, what is known as the Sumatra Subduction Zone, suddenly slipped past each other creating an earthquake. From which the Tsunamis that hit the many nations across the Indian Ocean were originated.   Ã‚  Ã‚  Ã‚  Ã‚  My reaction to the articles and its findings were first how some authors think as to what they want to communicate. While the majority of authors focused on the damage the tsunami and earthquake caused and the death tolls there were some that focused on the origin of such events and predictions of when another one can happen and where. Others focused on actual interviewing of people affected and storytelling like writing of the events that the person saw and thought of at the time it happened. The articles really have not changed my views in anyway of the topic. I was very aware of the damages an earthquake can cause and how a tremor in the ocean can develop a tsunami. I was aware that one in our coast can happen from reading many books of history of tsunami’s and earthquakes. Actually before I graduated high school I wanted to study seismology and be a seismologist.   Ã‚  Ã‚  Ã‚  Ã‚  I really can’t compare any experience iv had with the one in Asia. I did however experience an earthquake back in 1989. The Loma Prieta earthquake of 6.9 magnitude, that hit the bay area affected many lives including mine. I lived smack in the middle of the bay area at that time. My mom and dad both worked in Oakland and had to cross the two story Cypress freeway that collapsed. That day my mom was scheduled to work and did not go because she decided she had too many things to take care of. Usually around the time the quake took place she would be crossing that exact freeway that collapsed. Just to know or think that my mom could have been one of the victims trapped under

Monday, January 13, 2020

Economics Commentary Essay

The collusive1 market structure that the Japanese traditional industry has traced over previous years has increasingly become to fail. The tendency of companies abandoning cross-shareholdings2 has generated a in deep economic loss resulting from a reduce in the total revenue of corporations in the country. The attempt of industries such as steel, paper and energy as well as car making companies and electronic firms3 to consolidate economic partnership through means of oligopoly, has decreased deliberately from 50% of the market values to 20% over the last 17 years. The benefits of share holding companies were determined in preceding times to maximize profits by jointly agreeing in a fixed price which will avoid â€Å"price wars† and therefore substantial revenues4. Also assuming the interdependent behaviors, cross-shareholding companies act together to establish high barriers of entry to the industry in order to preserve ascendancy and evade competitiveness to have a high indices of demand. As the extract mentions, there is a bought share between companies to prevent the overhaul of others and to regulate the number of firms within the market as it happened with Mitsubishi when 11 other companies had an acquisition of shares to â€Å"block the outsider†. As these companies were subdued to price controls of the industry, the demand curve will therefore be highly inelastic responding to the few amount of substitutes5 that the industry seeks to have in flow. However the concerns about the crumbling of the traditional tendency of cross-shareholding are given with the results in the change of behavior of the industry. Along with the abandonment of share holding companies, the industry becomes vulnerable to external entry and in the case of Japan foreign investments which increases competition. As there is increase in supply of same products, demand for products of individual firms will fall and the demand curve will shift to the left. Demand shifts to the left from D1 to D2 due to the increase in supply with the entry of new firms and the removal of a unique price of product in the whole industry. As the result in the shifting of the demand curve of any Japanese product prices of evidently reduce as shown in the previous figure. From P1, being the demand of a cross-holding alliance of the market, and P2 the consequent reduction of this model. Quantity produced also lessens from Q1 to Q2 as costs of production are directly proportional to the loss of profit6 with the diminishing prices. Due to price decline, total revenue also decreases as both quantity and price of products decrease considerately. The impacts of this phenomenon on Japanese economy is illustrated with losses of the questioned firms. Between March and September more than 160 shareholding companies lost a total of à ¯Ã‚ ¿Ã‚ ½300 billion in value. 610 Banks and monetary institutions have also been affected as these companies are part of the essential capital they lend against. Despite the increase in cross-shareholding companies since 2004, the evident economic impact of the â€Å"criss-crossed capitalism† are starting to arise. The Japanese government in response has been working on regulatory measures to prevent this phenomenon future repercussions. Works Cited – * Economic Basis: Demand and Supply. In the internet: http://www.investopedia.com/university/economics/economics3.asp, s.t. * Economic Basis: Monopolies, Oligopolies and Perfect Competition, s.t. In the internet: http://www.investopedia.com/university/economics/economics6.asp, s.t. * Introduction to economics * WHITTEN, Darrel. Japan: Japan’s System Of Interlocking Shareholdings. In the internet: http://www.mondaq.com/article.asp?articleid=24335, 2004. 1 A commonly accepted price determination of oligopolists to prevent competition of prices over similar products. 2 When to or more firms3 hold each other shares. 3 Institutions that employ production factors to produce and hence sell goods and services. 4 The resultant economic gains of multiplying the price of a good times the quantity of that good sold (TR=pxq). 5 Similar products with certain differentiations that determine price elasticity of demand. 6 Net income in gains of a businesses activity.

Sunday, January 5, 2020

My research paper is entitled, Analyzing Heart of Darkness...

My research paper is entitled, Analyzing Heart of Darkness through a Feminist Lens. Through this paper, I will investigate and examine Heart of Darkness by means of Feminist Criticism and literary theory. I aspire to thoroughly analyze the entire narrative, in order to pull out and pinpoint various aspects and examples linked to feminist theory. I want to investigate and spotlight specific occurrences, in the novel, where characteristics of Feminist Criticism can be found or applied. I specifically want to look at the tree women characters introduced in the text; â€Å"The Intended† â€Å"The Mistress† and Marlow’s aunt. I also want to prove that Heart of Darkness is a text that openly conflicts with the basis of feminism. To begin this paper, I†¦show more content†¦In Joseph Conrad’s novel Heart of Darkness, Marlow’s mindset towards women represents the rather widespread viewpoint of the 19th century. Men during this time viewed women as insignificant and inferior. Perhaps that is why there are only three female characters in Heart of Darkness: Kurtz’s mistress, Kurtz’s Intended, and Marlow’s aunt. Marlow references these women with the intention of giving the narrative more gist. Though they certainly perform particular functions in the story, these women don’t really correlate with the main premise of the tale. The main theme of the story centers on how Marlow’s voyage into the Congo leads him to self-discovery. The journey helps to mold and shape his beliefs in humanity and causes him to question morality. At the outset of Marlow’s narrative he expresses how he, Charlie Marlow, set the women to work to get a job. Marlow communicates this in the perspective that he was so determined to adventure into the trade commerce that he did what was unconceivable in the time period: he asked a woman for money. The lady, his aunt, seems to surpass the customary role of women during the time period. She tells Marlow that she is overjoyed to aid him in his endeavors. She even instructs him to ask her for help whenever he desires it. This occurrence does not play too much of a role in the overall premise of the tale; it merely functions to tell the reader how Marlow succeeds in getting the finances he needs toShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pages E SSAYS ON TWENTIETH-C ENTURY H ISTORY In the series Critical Perspectives on the Past, edited by Susan Porter Benson, Stephen Brier, and Roy Rosenzweig Also in this series: Paula Hamilton and Linda Shopes, eds., Oral History and Public Memories Tiffany Ruby Patterson, Zora Neale Hurston and a History of Southern Life Lisa M. Fine, The Story of Reo Joe: Work, Kin, and Community in Autotown, U.S.A. Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture

Friday, December 27, 2019

Sexuality in Contemporary Egypt Essay - 597 Words

Thinking about sex and sexuality evokes certain feelings and emotions among most westerners. The first and overwhelming thought is in the context of a healthy and loving relationship. That may closely be followed by mutual lust or maybe even a kind of sport for some perhaps, yet it is a widely accepted belief that western women hold the keys to that kingdom. The notions of necessity or domination certainly would not be the first things one might consider. However, the majority of the material covered in this course suggests that necessity and ideas of domination and submission are commonplace in contemporary Egypt while men are the overwhelming decision makers in such pursuits. To compound these issues, the authors of the course texts use†¦show more content†¦This denial brings about questions of virility and masculinity, characteristics which are very important to Egyptian male identity as referenced by other works in the course like AUTHOR’S â€Å"Turn Out Those Li ghts.† These characteristics are so important to Egyptian male identity that this commentary was the basis for the Egyptian Ministry of Information to ban this book upon publishing in the late 1960s (Egypt’s Conscience). Alaa Al Aswany’s The Yacoubian Building is riddled with examples of sexual relationships, most of which are not necessarily mutually desired. In almost every instance of sex and sexuality in this book is established on some sort of transactional pretense with some kind of other undesirable undertones. The first, and most dynamic, example is that of the two men Hatim, a poor man, and Abduh, a respected editor. Aswany does not really go into great detail as to how this relationship began, but the audience is left to assume that this arrangement was at least initially consensual. The problem with this situation though is that despite the two being presumable lovers at first, Abduh feels compelled to keep the sexual relationship going because of what Hatim provides. Hatim gives Abduh anything he or his family needs leaving Abduh feeling trapped. The really interesting part of their sexual relationship is that it has a faà §ade of role reversal. Despite Hatim clearlyShow MoreRelatedThe Meaning Of Conceptualization Of Beauty1687 Words   |  7 Pagesworld that are canonized, as well as Renaissance artworks. Thus, when one popularly hears the phrase â€Å"classic beauty† in contemporary linguistic usage, it typically refers to the mirroring of the forms, expressions, or figures of the Greek and Roman mythological figures in a woman. Where the term beautiful was previously used equally in relation to men and women, in contemporary discourse it is more generally limited to models of femininity or objects of appreciation (Merriam-Webster, 2016). ThisRead MoreGenesis 12:10-20 and the Modern World1979 Words   |  8 PagesGenesis 12:10-20 and the Modern World: Genesis 12:10-20 is a text about Abram and Sarai in Egypt that is considered as one of the great epos narrated in the book of Genesis. Before the narration of this story, Abram is portrayed as an individual with several positive attributes including righteousness and humility. However, the story highlights several troubling concerns and questions regarding Abram’s character, beliefs, and behaviors in relation to God and Sarai. These troubling questions andRead MoreThe Way Of The Ways1687 Words   |  7 Pages Even an advanced course focusing on fetishism, in art that is, failed to reveal to me the frankness of these drawings, while exposing me to similar subjects in arts ranging from the primitive, as produced by the first peoples of the Earth, to contemporary photography. These drawings were produced by Giulio Romano, a student of Raphael, in the early 1520s and subsequently engraved and printed by Marcantonio Raimondi. They form a series of sixteen images depicting a variety of sexual positions practicedRead MoreEssay on Rights Of Egyptian Women1669 Words   |  7 PagesAncient Egyptians left evidence for scholars suggesting that Egypt was once a peculiar exception to this pattern. 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In her article â€Å"Men and Women: Mind andRead MoreThe Human Body in Art914 Words   |  4 Pagescreate camouflage and catch and kill their prey. In many ways, art is for the human experience and the experience of being here, the presence, which is shaped with the representation of the human figure. A body can convey class, age, gender and sexuality. The ‘Bamana Twin Figures’ (Mali, 20th Century – Figure 1) is the representation of the Man and the Woman, a very powerful expression of male and female. Even though both their faces are exactly the same, the parts of the body can reveal the discrimination:Read MoreFeminism And The Social Movements Of The Twentieth Century1413 Words   |  6 Pagesaddressing the issue of gender equity in higher education in Egypt, it is using the Feminist theory as a theoretical background for driving research goal. It is one of the major contemporary sociological theories, which analyzes the status of women and men in society with the purpose of using that knowledge to better women s lives. Feminist theorists also question the differences between women, including how race, class, ethnicity, sexuality, nationality, and age intersect with gender. Feminist theoryRead MoreHuman Sexuality and Masturbation Good Morning1537 Words à ‚  |  7 PagesThese drawings serve as a mirror that reflects their early society and these images show us that masturbation had been practiced since the dawn of mankind. Most early people seem to have connected human sexuality with abundance in nature. Male masturbation became an important image in ancient Egypt: when performed by a god it could be considered creative or magical act. The god Atum was believed to have created the universe by masturbating to ejaculation, and the flow of the Nile was attributed toRead MoreFilm Industry in CIVET Countries1271 Words   |  5 Pages(Ciecko, 2006, pg 53). Egypt Egypts film industry can be considered to be well developed and with a rich history. Estimates show that the Film Production Industry (FPI) is worth between US$20-25m (WIPO, 2003, pg 53). The industry produces over 40 films annually (WIPO, 2003, pg 79). The FPI has established itself by injecting into the industry large capitals and also employing highly skilled personnel in order to improve the quality of movies being produced. Moreover, the Egypt government has beenRead MoreHistory And History Of The Arab Films1993 Words   |  8 Pagesevaluating the development of the Cinema industry in Arab nations, Egypt would provide an ideal country to study because it was the only Arab nation to create a national film industry during the colonial era. â€Å"Arab cinema has a long and proud history, with Egypt, the region s cinematic powerhouse, boasting an astonishing 80 cinemas as early as 1917.† (Andrews 56). This paper evaluates the development of Cinema industry in Egypt by utiliz ing the ‘Yacoubian Building’ film to portray the changes that

Thursday, December 19, 2019

Corporate Finance and Gladstone - 1058 Words

Problem set 2 16-1. Gladstone Corporation is about to launch a new product. Depending on the success of the new product, Gladstone may have one of four values next year: $150 million, $135 million, $95 million, and $80 million. These outcomes are all equally likely, and this risk is diversifiable. Gladstone will not make any payouts to investors during the year. Suppose the risk-free interest rate is 5% and assume perfect capital markets. a. What is the initial value of Gladstone’s equity without leverage? Now suppose Gladstone has zero-coupon debt with a $100 million face value due next year. b. What is the initial value of Gladstone’s debt? c. What is the yield-to-maturity of the debt? What is its expected†¦show more content†¦c. What is Kohwe’s share price today if the investment is financed with debt? Now suppose that with leverage, Kohwe’s expected free cash flows will decline to $9 million per year due to reduced sales and other financial distress costs. Assume that the appropriate discount rate for Kohwe’s future free cash flows is still 8%. d. What is Kohwe’s share price today given the financial distress costs of leverage? a. 10 − 50 = million $75 0.08 b. 75 = $15 / share 5 c. 75 + 0.4 Ãâ€" 50 = $19 / share 5  ©2011 Pearson Education, Inc. Publishing as Prentice Hall 204 Berk/DeMarzo †¢ Corporate Finance, Second Edition d. 16-18. 9 − 50 + 0.4 Ãâ€" 50 0.08 = $16 / share 5 Consider a firm whose only asset is a plot of vacant land, and whose only liability is debt of $15 million due in one year. If left vacant, the land will be worth $10 million in one year. Alternatively, the firm can develop the land at an upfront cost of $20 million. The developed land will be worth $35 million in one year. Suppose the risk-free interest rate is 10%, assume all cash flows are risk-free, and assume there are no taxes. a. If the firm chooses not to develop the land, what is the value of the firm’s equity today? What is the value of the debt today? b. What is the NPV of developing the land? c. Suppose the firm raises $20 million from equity holders to develop the land. If the firmShow MoreRelatedCase Study : Appex Inc Merged With 25 Employees And $ 2 Million2640 Words   |  11 Pagesbeen specifically selected from Appex’s owners to bring control to the company. As CEO of Appex, he was very enthusiastic about the changes he would apply in the company and wanted to try different structures. According to Alex Cosper â€Å"Traditional corporate structures are being challenged by the growth of new companies that uniquely structure their operations to meet rapidly changing customer demands† (Cosper, 2015). Ghosh shared the same opinion, as a result first and foremost he wanted to be creativeRead MoreSources Of Finance For The Entrepreneurial Firms2196 Words   |  9 PagesAbstract (100-150) This article gives an overview of the entrepreneurial finance literature. 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Wharton School Valuation of Venture Capital Securities: An Options Based Approach Disciplines Business | Finance and Financial Management This journal article is available at ScholarlyCommons: http://repository.upenn.edu/wharton_research_scholars/36 Valuation of Venture Capital Securities 1 Valuation of Venture Capital Securities An Options BasedRead MoreAustralia’s Banking Industry31559 Words   |  127 PagesUnions Building Societies Non-Deposit-Taking Finance Companies Retail Banking Size and Scope Residential Mortgages Credit Cards Margin Lending Deposits Private Wealth Retirement or Superannuation savings Self-Managed Superannuation Funds Government Reforms ‘Competitive and Sustainable Banking’ Commercial Banking and Corporate Finance Scope Market Participants Authorised Deposit-taking Institutions Boutique Advisory Firms and Securities Brokers Specialised Finance Companies Commercial Lending SyndicatedRead MoreMaking a Financial Case4761 Words   |  20 Pages |facility | |Sinking fund for future maintenance of the LC Swansea |Management fee paid to Bay Leisure to manage the LC | |Initial purchase of Gladstone MRM membership management |Ongoing support and licence costs. | |software for Leisure Centres | | Table A Read MoreBasic Macroeconomic Relationships7281 Words   |  30 Pagesof $800. The baker can borrow at a nominal interest rate of 15% and the current inflation rate is 4%. Should she make the investment? (c) A mechanic is considering expanding his garage. After a strong year last year, the mechanic is able to finance the expansion from last year’s profits. The expansion itself is expected to cost $11,000. The mechanic estimates that the additional garage will bring in revenue totaling $12,000. The mechanic is currently receiving an interest rate of 8% on his