Frustrated Contracts Essay Example | Topics and Well Written Essays - 3500 words

Frustrated Contracts - Essay Example The question arises whether the owner of the Enterprise, due to the ship’s sinking in the Atlantic Ocean (no reason was offered as to exact cause), whether the ship’s owner is liable and if so, what is the extent of his liability? Does Dixie Wholesalers have the right to sue? And what are the rights of the c.i.f., who did not receive the future goods which they were promised by Dixie Wholesalers? What is the predominant principle of law which underlie this case? In addressing these issues we will first view the Carriage of Goods by Sea Act 1971, Article 6 – Supplement S(4) which in part states: â€Å"It is hereby determined that for the purpose of Article VIII of the rules, section 502 of the Merchant Shipping Act 1894, (which as amended by the Merchant Shipping (liability of ship owner and others) Act 1958, entirely exempts ship owner and others in certain circumstances from liability for loss, or damage to goods) is a provision relating to limitation of liabil ity†(CGSA). Further, the Hague-Visby Rules as Amended by the Brussels Protocol 1968, Articles 4 sections ( c ) and (d) in part states: â€Å"Neither the carrier nor the ship shall be liable for loss or damage arising from unseaworthiness unless caused by want of due diligence on the part of the carrier to make ship seaworthy, and to secure that the ship is properly manned, equipped etc., whenever loss or damage has resulted from unseaworthiness the burden of proving the exercise of due diligence shall be on the carrier or other person claiming exemption from this article.

Arguing against legalizing prostitution Essay Example | Topics and Well Written Essays - 2000 words

Arguing against legalizing prostitution - Essay Example On the other hand, Sweden has taken a different legal approach, decriminalizing the women in prostitution while at the same time penalizing the buyers. Prostitution should not be legalized; it should be treated as sexual exploitation and violence against women, and not as ‘sex work’. The arguments against legalizing prostitution apply to all state-sponsored forms of prostitution including the legal operation of brothels and pimping, decriminalization of the sex industry, regulating prostitution through registration and health checks for women, recognizing prostitution as ‘sex work’ or advocating it as an employment of choice (Raymond 315). Thesis Statement: The purpose of this paper is argue against legalizing prostitution, taking into consideration the various adverse outcomes for women in the domain. Prostitution Should Not be Legalized Raymond (315) argues that â€Å"legitimizing prostitution as work makes the harm of prostitution to women invisible, exp ands the sex industry, and does not empower the women in prostitution†. ... Legalization and decriminalization of the sex industry also converts brothels, sex clubs, massage parlors, and other sites of prostitution activities into legitimate venues where commercial sexual acts are allowed to thrive, with few legal restraints. Countries which criminalize women for prostitution activities, should advocate for the decriminalization of the women in prostitution. Such exploited women should not be punished by criminalization. However, pimps, buyers, procurers, brothels, or other sex establishments should not be decriminalized (Raymond 316). Legalization/ Decriminalization of Prostitution Promotes Sex Trafficking One of the root causes of sex trafficking is legalized or decriminalized prostitution industries. An argument supporting legalizing prostitution in the Netherlands was that legalization would help to end the exploitation of desperate immigrant women who had been trafficked to the country, for prostitution. However, the Budapest Group (1) argues that 80% o f women in Netherlands’ brothels were trafficked from other countries. The International Organization of Migration (IOM 4) stated that in 1994 nearly 70% of trafficked women were from the Central and Eastern European countries. Dutting (16) observes that although the government of the Netherlands presents itself as a champion of antitrafficking policies and programs, it has eliminated every legal obstacle to pimping, procuring and the running of brothels. In the year 2000, the Dutch Ministry of Justice argued for the authorization of a legal quota of foreign sex workers, because the Dutch prostitution market called for women of different nationalities. Further, in

Critically discuss the arguments for and against the use of fair Essay - 1

Critically discuss the arguments for and against the use of fair values in the preparation and presentation of financial statements. Cite literature to support your answer - Essay Example As the report explores financial statements need to be comparable from one year to the next and between one company and another. However, even though fair values may be said to be current and therefore more comparable, the fact that judgement need to be exercised brings subjectivity into play. In addition to that, those judgements on which investors and other stakeholders depend have their own agenda. In some cases they may exercise their judgement in such a way as to manipulate the accounts. This therefore brings us back to the reliability of the figures in the financial statements. This essay stresses that the arguments against fair value accounting appear to outnumber those in favour. Most of the arguments against essentially relate to the classification of financial instruments the fair value hierarchy. According to Ernest and Young the 2008 amendment of the International Financial Reporting Standards (IFRS) requires that the classification of financial instruments be recorded at fair value in a hierarchy consisting of three levels. The first levelrelates to quoted prices that have not been adjusted for identical assets and liabilities in active markets. The second level relates to input prices but excludes quoted prices which are included in the first level and which can be observed directly for assets and liabilities, in the form of prices or in the form of derived prices indirectly. The third level relates to both assets and liabilities that are not based on market data that can be observed.

Supply Chain Integration in the Food Industry Essay

Supply Chain Integration in the Food Industry - Essay Example My first action as the new CEO would be to implement an efficient consumer response (ECR) system. As one author notes, "ECR is an approach to supply chain management which...is a managerial approach that starts with consumer demand and then gears the whole of the supply chain to responding to that demand. It is a customer-driven, demand-pull product management system..." (Gillooley and Varley 42). This method makes particularly good business sense in the retail grocery environment because it is based on supplying products by allying all of the elements of the supply chain with customer purchasing patterns. Consider, for example, how this type of SCM system would increase efficiency during the holidays. Normal sales of large, frozen turkeys are generally low during the months of January through October, but spike over November and December. A supply chain which was based on the ECR model would be integrating suppliers, distributors, and in-store inventories to minimize costs and maxim ize what can only be considered as a diminishing profit margin, e.g., the closer to Thanksgiving it gets, the cheaper the price for the birds and the more competitive the market becomes. The alternatives to this integrated approach are either to run out of inventory and lose market share, or to over-stock and suffer a negative product age issue; neither of which are profitable nor efficient. Accordingly, the ECR would be my first move as the new CEO. My second strategic focus on using supply chain integration would focus on operation and information systems. Similarly to Mr. Johnston, I know that information systems efficiency and interoperability is an important area for an SCM. Proper use of technology to maximize efficiency is well worth the investment, as demonstrated by Wal-Mart in past case studies. One reason information systems are so vital is the operational support they provide and the speed and accuracy at which they provide it. This systems integration directly addresses issues like overstocking which, in many retail businesses is costly, but in a retail grocery setting can be prohibitively expensive. As Ketzenberg and Metters note, "although all major grocers use scanner technology at cash registers...[in most stores] stock ordering is still done manually by employees visually checking shelf sets" (31). It is for this reason that I think Mr. Johnston's investment in technology is astute; and I would do the exact same thing. As the information systems are integrated and the operational aspect of inventory tracking moves from visual unit counts to a more efficient and accurate SCM system, additional benefits will be gained; the ability to interface with the ECR system noted above will permit supply chain managers to monitor the relationship between quantities ordered and sold so that accurate forecasting can bring higher efficiency, lower costs, and greater customer satisfaction. The blending of a

Globalization Assignment Example | Topics and Well Written Essays - 250 words - 5

Globalization - Assignment Example $500 million to renewable energy is a $500 million advantage that renewable energy firms get over firms that are not going that direction: It alters the market dynamic, creating another interaction. The equation, â€Å"Early 2008 Government stimulus program (worth $50 Billion USD) (political) x Big four Australian Banks kept credit lines open (business) = Cash Flow†, expresses yet another element of the interaction. However, it ignores that the ties between these things are even more incestuous than they seem: Since banks in industrialized countries are so regulated by the government, with interest rates controlled and currency given the full faith and credit of the government, the equation can be changed to â€Å"(Government + business) * (Business + government)† = cash flow. The stimulus program is a solution to the market meltdown, by creating both government-backed monetary sources (pension funds) and business-backed sources (credit lines). The impact on globalizati on is complex: It could involve Australia more in the international market as they return to purchasing; or it could make Australians turn inwards and consolidate internally to the country. This event certainly, however, diverges the Australians away from the world, representing the state as an agent countervailing against market forces and globalist interaction. It attempts to protect the interests of Australian consumers, â€Å"a safety measure, a precaution against imminent financial disaster†. In this sense, it is designed to keep Australians away from the fate of the world, which at the moment is poverty. This brings to mind an obvious question: Insofar as globalization keys all markets together, both in boom and in bust, how justifiable is

Dental Clinic in Montreal Essay Example | Topics and Well Written Essays - 500 words

Dental Clinic in Montreal - Essay Example Dental marketing has entered a new phase with the use of internet. Montreal dental companies like Dental Marketing Canada focus on dental marketing online. This is meant for local dentists in the area. These types of techniques are utilized as a cutting edge advertising system that opens business for internet users. These exposures have helped these companies to increase the clientele lists and gain more profit. Dental business is now a huge phenomenon for Montreal and other parts of Canada. Online transactions have enabled better dealings. Growing number of active users of internet in Montreal have accelerated the dental marketing exposure. Internet is used as the leading source for marketing exposures. Dentist visits and treatments increase as more and more people visit dentists for routine check up and other tests. Service providers maintain websites and are available online in different modes. This has helped people to improve their awareness. Online advertisements, bookings and other dealings have brought good revenue for companies. Dental clinics set up websites so that potential patients can call for quotes and enquiries. The online presence has helped Montreal dental businesses to grow rapidly. Montreal Dentists even create social networking websites to enable patient interaction and communication. Parishioners set up websites that educate people about the dental procedures and treatments. These valuable educational tools help patients have a proper overview of the processes. Patient education pages help them access the invisible braces available in Montreal. Dentistry businesses increasingly rely on advanced technologies and internet to improve their business. They swear they provide the best level of dental care through patient education and quality treatment. Service providers in Montreal are highly specialized in services like implants, velscope testing and CEREC. Certain Montreal service providers provide excellent

Pls see the attachment Essay Example | Topics and Well Written Essays - 500 words - 1

Pls see the attachment - Essay Example Prestige was a prime factor in Renaissance period in Italy and Patron’s worked closely with artist to create lavish art pieces. Lisa in her books shows the readers about the exquisite possession of rich and famous which are priceless and antique.Gonzoga Cardinals’ possession of valuable gem collection is one among them which get trapped in the Medical bank as a pledge. Another one was the Holbein’s painting which was outstanding as these works were not just possessed for pride but also were trade items. Jardine explains that artistic work owned by aristocrats in that period was strictly commercial in nature which accelerated their glory as well worked as convertible capital stock. Lisa Jardine in her book brings a global view of the Renaissance period. Lisa writes that Renaissance period was a time during which art was exploding and its demand was at peak. There was a competition among people to acquire lavish piece of art and this led to ample production of it as worldly good.Jardine has widely portrayed the luxurious nature of these artworks and went on to display some pictures of these work to show their elegance. She believed that patrons in those times had artistic interest as well business interest in owning these marvelous creative pieces. During the renaissance period, the love for art was significantly at peak as this was the age which gave birth to artists like Michaelangelo, Leonardo and Raphael. In those times, rich and royal families would sponsor artist works and pay master artist to create extraordinary piece of art. Commissioning art was a prestigious thing in those days, and only extremely wealthy people could afford to do the same. Wealthy families and renaissance merchants owned artistic pieces to show the society that they possessed excessive wealth and power. Being a patron of a famous artist showed to the people that you are cultured and have a high taste in art. Possessing art pieces and paintings and commissioning