QUESTION 1. Equity has made the law more fair. Discuss Equity can be defined in a technical sense as a branch of law administered by the court of chancery before the passing of the Judicature Act (1873-1875) with a view of supplementing the common law rules. Equity developed because of the problems of the common law. The word ’equity’ has a meaning of ’fairness’ and this is the basis on which it operates. The existing law as at the time equity arose was common law‚ equity acted as a supplement
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Agency costs arise when conflicts of interest occur among stakeholders and must be paid out to an agent acting on behalf of a principal. According to Peavler (2013)‚ “There is an agency cost that exists in every business that has owners or shareholders and managers who are not necessarily owners. Agency cost means that shareholders and business managers may not necessarily agree on the actions that are best for the business firm and that there is an inherent cost to that disagreement. That leads
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completely. I have found that in general education classrooms‚ teachers and students very rarely go outside to engage in the environment to learn science content. I know that when I was in elementary school we were able to go outside more and do science experiments outside‚ etc. and this helped me so much. I have also seen that in my special education classroom that my kids benefit from going outside and learning the content out there. They see that I truly love the outdoors and this definitely rubbed
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Commercial Law Agency An agent is determined by law. Determined by the legal implications of what the person does. Must be acting for a principal cannot stand alone. (a)Agent has the legal authority to bind or incur liability for which the principal can be responsible. The primary role of an agent is to negotiate or conclude contracts on behalf of a principal. Actions are treated like that of the principal. Consent can be determined by the Court. (b)Agent is a person who is recognized by law as
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requires a meticulous understanding of the various features of debt and equity and their impact an organization. While evaluating debt and equity‚ an investment banker also has to consider the unique characteristics of the organization’s dealings while ensuring that the organization’s requirements are met. Debt CapitalDebt capital includes all long-term borrowing incurred by the firm. The cost of debt was found to be less than the cost of other forms of financing. The relative inexpensiveness of debt
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This article featured in US Catholic Magazine discusses the importance that a pilgrimage can offer our spiritual life. I found out that pilgrimages to important Catholic sites‚ usually where Jesus or saints traveled are important today as they were thousands of years ago. Before modern transportation‚ pilgrims took a prolonged journey that lasted anywhere from several weeks to a year. This extended travel really demonstrated a pilgrim’s dedication to their faith. Usually the reasons for this trip
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classroom >< the most important lessons of life outside the classroom. Which opinion do you agree with. 340 During lifetime‚ people learn to widen their knowledge and improve themselves. They can learn either from classes in universities that they go to or from practical situations that are from life outside. In my point of view‚ I do believe that the most important lessons come from real life. First of all‚ communicating with the big world outside the classroom‚ people can learn various things
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citizens of The Colony‚ do not feel panicked even though this is not the usual person speaking to you. Indeed‚ I am not Mother. But‚ I am here to inform you about the different world above us‚ The Outside. It is a place where people can feel independent. It is said that many decades earlier‚ the Outside became too polluted for a whole population to live in‚ so with no other choice‚ seventy-five percent of the population moved into The Colony‚ where they would have to live under Mother. From that time
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changing. As strong as they are they are never constantly the same. As people grow so too does their personality and interests‚ these changes in a person’s life will often form and develop an old relationship once shared into a new one. In the story “Outside Edges” you see how a relationship between family members can change when David at the age of 8 discovers his new interest in maps of Canada. The author “Ivan Dorin” develops the idea how David’s obsession with maps creates a new relationship and a
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This paper integrates elements from the theory of agency‚ the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We focus in this paper on the behavioral implications of the property rights specified in the contracts between the owners and managers of the firm. The possibility of monitoring the behavior of the company by means of review of controls has stayed aside in this analysis. In the activity they can use resources for changing
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