Discretionary Trusts and the concept of a sham trust. (a) The central theme regarding trusts is that they are assets that are legally owned by the trustees and not the beneficiaries. In a discretionary trust‚ the trustees have discretion as to who among a class of beneficiaries should receive income and/or capital under the trust and in what proportion (e.g. Mettoy Pension Trustees Ltd v. Evans [1990] 1 WLR 1587). So until a beneficiary is chosen to receive income or capital‚ they do not possess
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National Capital Trust Case Analysis Who: When: Where: Internal control is a business process for assuring achievement of an organization’s objectives. Firstly‚ internal control plays an important role in safeguarding the organization’s assets. With carefully examination and monitor‚ internal control is able to discover any anomalies inside the organization‚ such as inventory spoilage. Moreover‚ internal control can help improve the efficiency and effectiveness of business processes. For example
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A complete assessment was performed on Bill Wilson‚ a 69 year old male. Bill appears well-groomed and oriented to person‚ place and time. With examination‚ Bill’s pupils are equal‚ alert‚ and reactive to light and no deficits with extraocular movements. Bill does wear glasses. Wisper test performed‚ no deficits found with hearing‚ no devices were worn. Bill was able to breathe out of his bilateral nostrils. His mucous membranes were pink and moist. Bill has his natural teeth with no problems observed
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Case Analysis of Herman Miller Herman Miller Company dates back all the way to the year 1905. When Herman Miller started the company’s original name was Star Furniture Company. Then later it was renamed again and in 1923 it was renamed in honor of Herman Miller‚ by his son-in-law De Pree‚ in recognition of all of his support to the company. This company was founded very different principles when it comes to treating employees as individuals. Each individual is treated to “all workers as individuals
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Section 1: Problem Statement When Mike Volkema‚ CEO of Herman Miller‚ abruptly attempted to appoint Gary Van Spronsen to executive vice president of offer development and marketing‚ Volkema was hesitant to get involved. Since 1992‚ Van Spronsen had worked feverishly to build a leader in the office furniture industry in the Herman Miller subsidiary SQA. Not only did Van Spronsen create the traction that prompted better customer service‚ a tailored product line and design process‚ but he also transformed
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form patients are then responsible to pay for the investigational drugs at market costs. House bill 481 also includes all devices and procedures. In order for patients to be able to qualify for The Right to Try they must be deemed with a terminal illness and have exhausted all possible avenues before they are allowed to try investigational drugs in phase 2 of the 3 phases of FDA procedures. That is if the bill is to be passed then patients must fall under these stipulations. Once Representative Wintrow
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both fully secret trust and half secret trust can be explained using either the ‘fraud theory’ or the ‘dehors the will’ theory. But whichever theoretical explanation is chosen the issue is largely academic‚ for in no practical sense does it ever matter which basis is used. Discuss. Secret Trust raises whenever the testator intends to create a trust‚ the terms of which are not expresses in the will itself. The will is used as an instrument to vest the legal interest of the trust property in the done
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situation Dr. Faye Miller violated several “General Principals” in the Ethical Principals of Psychologists and Code of Conduct. She breached Principle B: Fidelity and Responsibility which states that psychologists have a professional and social responsibility to society‚ which includes being concerned about their colleagues maintaining and following ethical principles. In the scenario Dr. Miller’s fellow colleague‚ Dr. Cooper‚ transgressed an ethical standard‚ however Dr. Miller did not attempt to
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TRUST OR DISTRUST ON ONLINE BANKING SUBMITTED BY: ABDUL SAMAD MUNAF MUSHAL JAMIL Letter of Authorization 14th April‚ 2010 To Whom It May Concern: Under the authorization of Mr. Ather Akhlaq‚ Professor for the course Internet Banking & EPS at the Institute of Business Management‚ we have been required to obtain all the possible information and material to prepare a detailed and accurate research based term report. This report is regarding compilation of data carried out with respect
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History of Anti-Trust Legislation & Court Cases In the late nineteenth century‚ the United States of America saw companies flourish. Advances in technology greatly increased output and lowered costs of many goods; people were also making more money and the nation was truly prospering. Due to the booming economy‚ a great deal of changes occurred. Companies started to grow at a faster rate‚ and soon there were enormous companies that seemed to rule their individual industries. It quickly became
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