in case of non-fulfillment or breac Duties of obligation to deliver a generic thing: 1. deliver the thing which is of the quality intended by the parties 2. to be liable for damages in case of fraud‚ negligence‚ delay. Etc. ART. 1164 The creditor has the right to the fruits of the thing from the time the obligation to deliver arises. However‚ he shall acquire no real right over it until the sane has been delivered to him. Different kinds of fruits: 1. natural gruits 2. industrial fruits
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Quantitative aspects: 1- Sales From 1st year to 5th year turnover of the company continuously increases with a variable rate without decreasing throughout in 5 years period. In total 5 years 52.7% increase in sale respectively cost of good sold increase 48.78% Reason Reason of continuously increase in sale is that company have efficient management and company is switching from manual work to computerized work of its operations and salaries and wages are continuously decreasing from 4th
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profitability‚ and solvency. Short term creditors‚ such as a banks‚ are primarily interested in liquidity; the ability of the borrower to pay obligations when they come due. This is extremely important in evaluating whether the borrow can live up to the expectations of the loan agreement. A long-term creditor‚ such as a bondholder‚ looks to profitability and solvency measures that indicate the company’s ability to survive over a long period of time. Long-term creditors consider such measures as the amount
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payment made to one of two persons jointly entitled under mortgage bond can be pleaded as a valid discharge of the debt in an action brought by the other person interested in the bond? Arguments for the Appellant Defendant. Payment to one joint creditor was a valid discharge of the debt as against the other. As under section 38 of the Contract Act‚ ‘An offer to one of several joint promisees has the same legal consequences as an offer to all of them. In the first part of the section it is provided
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Interactive Session #5 Organizations Article: HOW MUCH DO CREDIT CARD COMPANIES KNOW ABOUT YOU? Page 100 Management Information Systems “Managing the Digital Firm” Kenneth C. Laudon / Jane P. Laudon Case Study Questions CSQ #1: What competitive strategy are the credit card companies pursuing? Credit card companies nowadays are pursuing what they so called the credit card profiling. Every time they make a purchase using their credit card‚ a record of that sale is logged into massive data repository
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Nietzsche Essay Nietzsche begins the second essay‚ which is an exploration of the origins of guilt and morality‚ by presenting the problem of humankind: breeding an animal with the ‘prerogative to promise’. Humans must actively forget things in order to cope with life – without doing this we could not have mental order or any semblance of happiness. Forgetting things‚ then‚ is a strength‚ but is also the natural tendency of our minds. Memory is not the passive retention of impressions that many
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months credit terms. Debtors at end of march are Rs. 500 lakh. The company will make more purchases in the months of april‚ may and june for high demands in the next 3 months. Suppliers extend 1 month’s credit to the company. At the binning of march‚ creditors were Rs. 630 lakh. Discussion Question:- 1. Prepare a case flow forecast for bright paints limited for the six months. What are the benefits of preparing a case flow forecast to the company? 2. What do you think are the problems for
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income. However the problems arise when it comes to the point of paying back their debts especially when the business has not enough cash. Simply looking it is safe to the side of the debtor but becomes a serious problem to creditor’s side. If the creditor has many customers who buy on credits and fail to pay back their dues at a required time‚ the business enter into the problems of lacking enough fund to manage their day to day operations hence working capital problems. Management must ensure that
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viable course. Second‚ debtor countries fear retaliation from commercial banks. If the banks were to cut off nondebt related activities‚ such as trade credits‚ the situation could be made even worse. Third‚ the debtor countries fear retaliation from creditor governments and multilateral lending agencies. Grants from development banks could be affected‚ and trade relations would probably be seriously disrupted. Finally‚ the leaders of most of the debtor countries
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[8] Company XYZ Pty Ltd has $35‚000 in stock‚ $28‚000 in debtors and $15‚000 in cash. It also has $75‚000 in fixed assets. In terms of its liabilities XYZ has an overdraft of $4‚500‚ owes trade creditors $7‚890 and has a long term loan of $22‚000. Calculate XYZ Pty Ltd’s net assets. Calculate XYZ Pty Ltd’s current ratio. Calculate XYZ Pty Ltd’s acid
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