example: The High Court must follow decisions of the Court of Appeal‚ which must follow decisions of the House of Lords. The Court of Appeal must also follow its own previous decisions. Secondly‚ the binding part of a previous decision is the ratio decidendi (reason for the decision) and it must be followed by judges in later cases. Anything said obiter dicta (by the way) in the original case is merely persuasive because it was not strictly relevant to the matter in issue and does not have to be
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FACTS: For the full fact see Source 3 line 8-18 D had placed an £18 bet on a greyhound‚ because his dog was loosing‚ hoping to get his money back he jumped onto the track. D was prosecuted and convicted for attempted theft. CRITICAL POINT: ( ratio decidendi ) Court of Appeal quashed conviction as C.J. Lord Lane held that at the stage he jumped on to the track‚ could not be said to be in the process of committing theft and had not committed acts which were more than merely preparatory to the offence
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Exam Answers Question 1 Statutory Interpretations is the process by which Judges interpret Acts of Parliament in cases.75% of cases heard by the Horse Of Lords are concerned with Statutory Interpretation .When it is called upon to deal with a problem of interpretation ‚the Court does two things here. Translation is what happens first‚ here they decide what the word means‚ then secondly they apply the correct meaning to the situation in question and decide on the results (in terms of the intention
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legal principle to be derived from the judge’s decision on the basis of facts regarded by the judge as a material known as “ratio decidendi”. Which is a binding precedent meaning it must be followed in future cases containing the same material facts. Any other statements of law that are not relevant to the decision are “obiter dicta”. ‘Things said by the way’. The ratio difficult to find equally difficult to distinguish with obiter. The general rule is that all courts are bound to follow decisions
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Ratio and Proportion • If 2 numbers are in ratio a: b then consider them as ax and bx (where x is the proportionality constant) and apply ax and bx in the given condition of the problem to proceed for answer • Ratio can be applied between 2 units if and only if the same physical quantity is compared • Length : length is correct • Length : density is wrong • Ratio can be made only after the units are compared in the same unit • If two lengths are 1 mile and 1 km respectively then ratio
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The article I chose is Solvency Ratio Analysis and Leveraging. This article tells about how solvency and leveraging are connected. It describes several ratios used to determine how a company is doing long-term. Company’s use debt and equity to start and keep their operations running. Owners or stockholders donate equity to build and maintain their company. Leverage is used to produce income and impacts a company’s long-term solvency. No matter what the economic situation is‚ a company needs to be
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CLASSIFICATION OF RATIO ANALYSIS "Ratios" can be grouped into various classes according to "financial" activity or function to be evaluated. In view of the requirements of the various users of "ratios"‚ we can classify then into the following categories. Liquidity "Ratios" Profitability "Ratios" Solvency "Ratios" "Financial" statement "analysis" is a judgemental process. One of the primary objectives is identification of major changes in trends and relationships and the investigation of the
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DECLARATION I here by declare that this project entitled “ A STUDY REPORTON RATIO ANALYSIS IN BHARAT HEAVY PLATES AND VESSELS OF VISAKHAPATNAM ” submitted me to the Dr. LankapaliBullayya Degree and P.G College ( Affiliated to Andhra University ) Visakhapatnam is a bonafied work carried on by me is original and not submitted to any other University or Institution for the award of any degree certificate or published any time before
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Ratio Analysis University of Phoenix HCS/571 Finance Resource Management Sept 24‚ 2013Rosetta Stringfellow‚ MBA‚ BSRatio Analysis Ratio analysis is a widely used managerial tool that compares one number with another to gain insights that would not arise from looking at either of the numbers separately. Ratio analysis is used to examine and interpret the relationship between two numbers on a financial statement. This is done so that the managers
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evaluate how well it is performing‚ one of those tools is the debt ratio calculation. The debt ratio shows the proportion of assets financed with debt‚ liabilities. It is calculated by the companies total liabilities divided by its total assets and is used as a percentage. Total assets and total debts can be found on the balance sheet. “It can be used to evaluate a business’s ability to pay its debt” (Nobles p. 89). The debt ratio can be used to evaluate a business’s ability to pay it’s debts.
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