..................... 2 2.2 Evolution and Legal Development .............................................................................. 3 3. Effects of the Incontestable Clause ...................................................................................... 5 3.1 Advantages .................................................................................................................... 5 3.2 Disadvantages................................................................................................................ 6 4. Applications ............................................................................................................................ 8 4.1 Characteristics ............................................................................................................... 8 4.2 Interpretation and Application in Hong Kong ............................................................. 9 5. Conclusion .......................................................................................................................... 10 6. Recommendations .............................................................................................................. 10 1 1. INTRODUCTION The Incontestable Clause is a provision in a life insurance policy that precludes the insurer from alleging that the policy, after it has been in effect for a stated period (typically two or three years), is void because of misrepresentations made by the insured in the...
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...Charles Darwin’s scientific literature book, On the Origin of Species by Means of Natural Selection, or the Preservation of Favoured Races in the Struggle for Life, was published in 1859. However, in 1872, the title was changed to The Origin of Species (cite). Although it is popularized that Darwin’s book directly showcases his theory of evolution, religious and social aspects created a biased look towards his discoveries. On the contrary, his work ultimately overshadowed the superficial understanding and proved logic in the scientific discussion of evolution. Darwin asserted that species evolved from one another, rather than through the creation of God, through the process of natural selection. His intention for his book was to persuade...
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...Part 1: Law in Society A) A responsible business person would set a comprehensive code of ethics and values to be met by employees and associates, and would make clear how this code is to be enforced and in what matter it will be followed-up. A legal risk plan will be outlined and the business person will make the decision to retain a lawyer or hire an on-staff lawyer to handle all legal issues that may arise, and to follow up on the legal risk plan ensuring it is implemented accordingly and adhered to. Every business requires a budget and projected cash flow, which goes along with recruiting investors. All creditors will want to know the debt collection plan in place so the company can collect on its debts owed by customers and buyers. Employees will need to be hired and trained, and requires a review schedule to be implemented, ensuring that employees are meeting levels of service, hitting all the targets for sales, abiding by the code of ethics and upholding the company values. A clear and concise business plan is really the starting point, because any investors will want to know the advertising strategy (including target market), product lines, manufacturing/purchasing plans, management hierarchy, inventory monitoring and management, and the accounting policy to be used (IFRS vs GAAP.) A stupid business person would hire anyone, qualified or not, provide little to no training, and would likely be ignorant of legal risks surrounding their enterprise. There would be a lack...
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...Glare from London 'fryscraper' blamed for melting cars Abstract The Legal rights and liabilities (torts) of the primary parties involved in the London’s Frying Skyscraper. The paper involves the Jag owner vs. Developer, Jag Owner vs. Designer, Developer vs. Designer and City vs. Developer and Designer. Questions that have been posed upon each case are what the parties will sue for and which torts? What evidence will they have on hand to prove their cases? And what legal evidence will the defendants offer? The Jag owner should sue the Developer for negligence because not only did he suffer damage to his vehicle, he failed to carry out a duty of care to ensure a safe building. The tort of negligence occurs when someone suffers injury because of another’s failure to live up to a required duty of care. The Plaintiff argues that the Defendant owed a duty of care to build a safe building that would not cause any damages and in this case he suffered a legally recognizable injury by proving there was in fact melting of his car. His car’s side panels had been warped along one side, while the wing mirror and Jaguar emblem melted, all of which has be documented by photographic evidence. Additionally, the developer should have notified the city to put up signs and request the parking spaces near the tower to be out of use. Also, by installing anti-glare film on the windows, replace the whole glazing panels or adjust the angle of the panes, would be carrying out a duty of care....
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...been around since the mid-1800's, which originated in British. Some of firms today have been around since the 1800's, such as Deloitte & Co. Price Waterhouse & Co. In this paper, I will state the functions of auditing, the nature of auditing, how the standards apply to financial, operational, and compliance audits, and some other items that pertain to auditing in general. Nature of Auditing The nature of auditing is that auditors are placed with a special purpose, which is to provide credibility to the information that is reported on the financial statements, along with any other audits that are done by them.... [tags: Accounting Audit]1104 words (3.2 pages)FREE Essays[view]The History of Auditing - The History of Auditing Abstract The evolution of auditing is a complicated history that has always been changing through historical events. Auditing always changed to meet the needs of the business environment of that day. Auditing has been around since the beginning of human civilization, focusing mainly, at first, on finding efraud. As the United States grew, the business world grew, and auditing began to play more important roles. In the late 1800’s and early 1900’s, people began to invest money into large corporations.... [tags: GCSE Business Marketing Coursework] :: 6 Works Cited3399 words (9.7 pages)$39.95[preview]Auditing Percedure - The factor of client relationship that creates a power imbalance in favor of the client is money. When partners in the audit firm are compensated...
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...Jean Baudrillard claims that the system put into place in the west is that the cause for this manner of warfare. He quotes a proverb saying “Even God cannot declare war on Himself.” Nevertheless, the west, by positioning itself in the position of God, has imposed this war, and so brought it on itself. To cite Baudrillard, “By seizing all the cards for itself, the west forced the other to alter the principles.” The west asserted ethical, cultural and economic necessity. Viciousness was then left as the sole route for the others to follow. This conflict goes on the far side evolution, and faith. The War on Terror is, rather, according to Baudrillard a delusion that crafts the misrepresentation of a solution based on force. Wars like the Gulf...
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...I. INTRODUCTION a. Background information to introduce the issue Bertrand Russell was a revolutionary in the field of humanitarian ideals and freedom of thought. Aside from that he was probably one of the most profound and sophisticated spokesman for atheism from the last century, His literary and communication skills are definitely almost unprecedented winning a nobel prize for Literature. His influence and iconicness that stood the test of time and his literary works that are still being talked about years after his death is a proof of his undying influence. Despite the fact that he was agnostic and an atheist, he felt that he was not up to the pedestal of being a Christian because he thought he couldn’t live up to the righteous maxims of Christianity, he found the religion too hypocritical and its norms too uptight and self-righteous for his own sake. It was his contention that religion and its maxim’s purpose was to limit knowledge, especially to children and prevents their ability to think clearly by trapping them with norms and inhibiting them from cooperating with others whose views are different from theirs. He also believes that religion flourishes fear and dependency. He also asserted that religion caused war, oppression and misery that is happening right now. Issues: According to Russell, The character of Christ isn’t as divine as God because of the flaws in his teachings and to his followers. Russell attacks Christ’s divinity and characteristics and followers...
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...Public Service Medal, the highest award given by NASA to a non-government citizen. His contributions to the public appreciation of the cosmos have been recognized by the International Astronomical Union in their official naming of asteroid “13123 Tyson”. He was a postdoctoral research associate at Princeton University from 1991 to 1994, when he joined the Hayden Planetarium as a staff scientist. His research dealt with problems relating to galactic structure and evolution. He became acting director of the Hayden Planetarium in 1995 and director in 1996. From 1995 to 2005 he wrote monthly essays for Natural History magazine, some of which were collected in Death by Black Hole: And Other Cosmic Quandaries (2007), and in 2000 he wrote an autobiography, The Sky Is Not the Limit: Adventures of an Urban Astrophysicist (Encyclopedia Britannica). In addition to dozens of professional publications, Dr. Tyson has written, and continues to write for the public, he wrote Origins: Fourteen Billion Years of Cosmic Evolution, co-written with Donald Goldsmith. Origins is the companion book to the...
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...“Ethnic Notions:” Exploring Caricatures Racial formation is the process by which socio-historical designations of race are created and manipulated. When dealing with racial formation, one dominant group always has the power to impose racial definitions onto others. In America’s history, this one dominant group has been Caucasians. In the book, “Ethnic Notions,” Marlon Riggs explores the evolution of caricatures imposed on African Americans throughout the history, claiming the impact of such caricatures “did as much harm as any lynch mob.” In many ways, this claim speaks the truth. The mammy, sambo, pickaninny, zip coon, and uncle are a few important caricatures that prove white America’s innermost fears regarding race and white superiority. The mammy caricature is one that defeminizes African American women. Drawn as a smiling, hefty servant, her loyalty to her white owner’s family trumps that to her own children. The mammy was used as evidence of the “humanity” of slavery’s institution, for she was posited as content with her lowly position. This caricature reflects the fear of mixing races. By desexualizing African American women, like the mammy, then white men would then be less likely to become sexually involved with them. Many blues artists in the 1920s-30s stood up against the mammy caricature, such as Ma Rainey; her image stood to sexualize the mammy. The sambo caricature was depicted as a perpetual child, one who was incapable of living an independent...
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...NORTHCENTRAL UNIVERSITY ASSIGNMENT COVER SHEET Learner: Tanya M Johnson THIS FORM MUST BE COMPLETELY FILLED IN Please Follow These Procedures: If requested by your mentor, use an assignment cover sheet as the first page of the word processor file. The assignment header should include the Learner’s last name, first initial, course code, dash, and assignment number (DoeJXXX0000-1) justified to the left and the page number justified to the right. Keep a Photocopy or Electronic Copy of Your Assignments: You may need to re-submit assignments if your mentor has indicated that you may or must do so. Academic Integrity: All work submitted in each course must be the Learner’s own. This includes all assignments, exams, term papers, and other projects required by the faculty mentor. The known submission of another person’s work represented as that of the Learner’s without properly citing the source of the work will be considered plagiarism and will result in an unsatisfactory grade for the work submitted or for the entire course, and may result in academic dismissal. | | MGT-7019 | Jo Ann Davis | | | Ethics in Business | Assignment 7 – Case Study: A Primer on Sarbanes-Oxley | | | ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Faculty Use Only ------------------------------------------------- <Faculty comments here> ------------------------------------------------- ...
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...“How the Bible and evolution clashes, why is the knowledge of the Doctrine of Creation is important to understand?” THEO 525 LUO (fall 2013) Systematic Theology I Liberty Baptist Theological Seminary October 11, 2013 Creation and Evolution clashes, when there are changes being made to the age of the earth and the creation of man. The structure is described in the Bible as God created it; however, it describes the earth before the six days of creation. When thinking about the integration of evolutionary principles, as far as the scientific laws are concerned, there is no difference between the origin of the earth and all of its life. Could the Big Bang theory have happened? The Gap Theory, everything made out of nothing. Is the Gap Theory real? Luther sided with the Bible and creation, is his blessing relevant today? Was the earth created out of nothing, no previous atoms did God use? God created the heavens and the earth in six days so we had the seventh day for Shabbat. The Progressive Creation explains the Genesis flood and the six days of creation. So the question is could God really have created everything in six literal days? If so, where did the origins of life come from; and what about the Law of Nature, their survival of the fittest? How big is the rift between the evolutionist and the creationist? Can we trust the Bible to tell us the truth? These are the questions that I will be looking for an answer to. In evolution and creation of religious...
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...Mohd 1 Mohd Ali Professor Asbille On the Nature of Religion Throughout history it can clearly be seen that religion has played an important role in people’s lives. It is the one thing that is consistent across every culture. From Scandinavia to Japan, and from Ireland to Argentina, religion has played a role in the development of these societies. It does not matter what language the people speak or what they wear. Religion seems to bridge the gap without problem, rapidly spreading from one place to another in a matter of centuries, despite there being a cultural and language barrier. What makes religion so incredibly effective? Why is it that the concept has existed for literally as long as humanity has existed? What is the relationship between religion and culture? Are they two distinct entities, or are they two different manifestations of the same phenomenon? In order to answer these questions, first, a mutual platform must be developed and agreed upon, which will serve as the basis for development and proposal of arguments. First and foremost, this paper is a rational inquiry about the nature of religion, and as such this paper will establish arguments and analyze religion through the lens of rationality and science. This is not a paper about causality. The arguments developed here are built on the foundations of Objectivism, scientific realism, empirical analysis and strict adherence to logic. Furthermore, religion has to be rigorously defined...
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...BUSINESS LAW BLO1105 2014 Prepared by Darren Parker BLO1105 – Business Law ------------------------------------------------- Business Law Students’ Manual ------------------------------------------------- 2014 Edition This Manual contains materials essential for all students undertaking Business Law, including: * ------------------------------------------------- Course Guide for Business Law; * ------------------------------------------------- Unit of Study Syllabus for Business Law: * ------------------------------------------------- Lecture Program for the Unit of Study; * ------------------------------------------------- Tutorial Programs and Questions; * ------------------------------------------------- Past Examination Papers; and * ------------------------------------------------- Other essential data regarding the Unit of Study. Manual and Tutorial Program compiled by Darren Parker (College of Law and Justice) VICTORIA LAW SCHOOL College of Law and Justice Unit Coordinator – Robert Alvarez Robert.Alvarez@vu.edu.au TABLE OF CONTENTS ------------------------------------------------- ITEM DESCRIPTION PAGE/S NUMBER 1. Table of Contents 2 2. Introduction 3 3. Assessment 4 4. Assignment instructions 4 -17 5. Assignment Topics for 2014 18-21 6. Tutorial...
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...Government Regulations Introduce three governmental regulations that have assisted in the checks and balances of government trading. A. Introduce the three government regulations covering the Securities Acts of 1933 and 1934, The Foreign Corrupt Practices of Act of 1977 and finally Sarbanes-Oxley Act. B. Origin of Securities Acts of 1933 and 1933 (Beatty, Samuelson & Bredeson, 2013) C. Genesis of the enactment of The Foreign Corrupt Practices of 1977. D. Origin of Sarbanes-Oxley Act and its enactment (retrieving information from: https: www.soxlaw.com/introduction.htm) 11. Securities Acts of 1933 and 1934 A. Registration requirement includes the statement and prospectus B. Annual, Quarterly reports and Form 8-k C. Inside Trading D. Private Offerings E. Blue Sky Laws F. Antitrust (The Sherman Act, The Clayton Act, and The Robinson-Patman Act) 111. The Foreign Corrupt Practices Act (FCPA) of 1977 makes it illegal for an American businessperson to give anything of value to any foreign official in order to influence an official decision. A. Applicability of the Act B. Prohibitions under the Act C. Penalties for Violations of the Act 1. Criminal 2. Civil 3. others D. Defense under FCPA 1. Lawful payment 2. Bona fide expenditures E. Fraud/Scandal of the FCPA of 1977 1. Detection method 2. Importance of Early Detection 3. Big problems for small corporations/organizations 4. Types of fraud and who is involved 1V. Sarbanes Oxley Act A. The effects of...
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...Global Perspectives on Accounting Education Volume 3, 2006, 27-48 ENRON AND ARTHUR ANDERSEN: THE CASE OF THE CROOKED E AND THE FALLEN A Gary M. Cunningham Visiting Professor Department of Business Administration Åbo Akademi University Turku, Finland Jean E. Harris Accounting Department Pennsylvania State University, Harrisburg Campus School of Business Administration Middletown, Pennsylvania USA ABSTRACT Outside the US, the failures of Enron and Arthur Andersen remain puzzles. How could the accounting and audit failures associated with Enron and Arthur Andersen happen in the US where auditing is sophisticated, accounting principles are strong, and disclosure is emphasized? This is a teaching case for persons outside the US to review the financial reporting and auditing issues related to Enron and to explain the regulation of accounting and auditing in the US. It has broad implications for corporate governance and accounting regulation in other countries as well. n the years after the Enron Corporation declared bankruptcy in 2001 and Arthur Andersen failed in 2002, people are still asking, especially those outside the US, how could this happen? What went wrong? The US has a well-developed set of Generally Accepted Accounting Principles (GAAP) that requires extensive disclosures in audited financial statements, and a well-established federal agency, the Securities and Exchange Commission (SEC) that monitors financial reporting. This case is written for accounting students and...
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