Assigment 2 Essay Example | Topics and Well Written Essays - 1000 words - 2

Assigment 2 - Essay Example In regard to the first issue, a party is considered in breach of a contract when a party fails to perform its obligations under the said contract. In the problem, the contract provides that the barge will be delivered in safe working order for the purpose of sea-faring voyages (Clause 4) and that a condition of the agreement is that the barge will be available from 1st January 2006 until 31st December 2008 (Clause 8). Blue is guilty of breach of contract because the barge was only actually ready-to-load on the 3rd of January 2006 in violation of the owner’s promise (Clause 8) that the barge will be ready-to-load from the start of the charter, i.e. the 1st of January. Moreover, Blue is guilty of breach of contract because the barge had to be towed sometime January 2008 (when the contract is still effective) from Oslo to Liverpool due to serious engine failure in violation of Clause 4. Having failed to perform its obligations under the contract, Blue is therefore in breach of co ntract. In regard to the issue of whether Red may exercise the right both to terminate the contract and to claim compensation for past and future losses, the answer depends on whether the terms of the contract violated by Blue is a condition or a warranty. This is because not all contract terms are of equal significance. Some are more important than others. A condition is an essential term of the contract which goes to the root or the heart of the contract while a warranty, on the other hand, is a lesser, subsidiary term of the contract. The distinction between a condition and a warranty is vital in the event of a breach of contract. A breach of a condition enables the party who is not in breach of contract (â€Å"the innocent party†) either to terminate the performance of the contract and obtain damages for any loss suffered as a result the breach or to affirm the contract and recover damages for the breach. A breach of a warranty, on the other hand,

Financial Markets and the Real Economy Essay Example | Topics and Well Written Essays - 4000 words

Financial Markets and the Real Economy - Essay Example In this perspective, recorded economy includes all economic activities within a country that are recordable and reported through gathering of appropriate statistics (Bailey 78). Non-monetized economy on a different perspective refers to all economic activities that are linked to self-consumption. Therefore, real economy is a composition of all the aspects of economic activities within a given nation. Overview of Financial Markets Financial market on the other hand refers to a place where buyers and sellers (individuals and entities) meet to trade on assets that include equities, currencies, derivatives, and bonds. In most cases financial markets are referred to as stock markets. Amazingly, financial markets are as old as humanity. Financial markets started the moment mankind settled down to engaging in serious activities of growing crops and exchanging them with other crops. Despite this aspect of trade was known as barter, there were some financial markets aspects within the trade. For instance, there are possibilities that some people due to one reason or another attain bad harvest (Levinson 99). However, with the bad harvest such individuals had to struggle and obtain a way of farming and obtaining food for their families. In so doing, there was the aspect of obtaining credit hence the assertion that financial markets are as old as humankind. With advancements and developments, financial markets in the contemporary business environment have taken a totally different shape. There are many forms of financial markets currently all of which have their specific purposes to accomplish. In addition, financial markets developments and advancements have led to formation of highly organized markets like the...This essay attempts to create an understanding of the link between real economy and financial markets, adding to the numerous debates, articles, and studies on the link between financial markets and real economy Real economy is part of economy concerned with actual production of goods and service within a country. Real economy in most cases is referred to as the total economy, which encompasses all the economic components such as economic activities, both monetized and non-monetized transactions, official and unofficial, and all transactions or activities that take place between rural and urban areas Financial markets serve functions in which they are formed or mandated to within a given economy. The first fundamental function that financial markets perform is that of setting price. Through determining the exchange rates, financial markets have the vista of providing price discovery. The second fundamental function of financial markets is the valuation of assets. Through determining market prices, financial markets are in a position of valuing assets Economists believe that a powerful measurement of economic performance is only attainable through obtaining a marginal value of wealth from asset markets. Other than the fact that real economy impacts positively and negatively on financial markets, it is inevitable that financial markets also affect real economy either positively or negatively. In most cases, real economy benefits or is disadvantaged from the various functions of financial markets.

(The Roar of the Tiger Mom) Synthesis Assignment

(The Roar of the Tiger Mom) Synthesis - Assignment Example Therefore, the competitiveness of children is by far determined by whether the child is from the western or from the Chinese culture, and what competitiveness means in those cultural contexts. Thus, this synthesis seeks to digest the various tenets of making children competitive in the future, through taking an account of different approaches that are applicable. Different approaches to parenting represented by the western and the Chinese Models Parenting approaches define the competiveness of children in the future. The approaches of parenting can simply be defined as either the Chinese model, or the western model. The western model of parenting is open and free-range, where the parents allow their children to make some of the crucial choices in their lives, especially regarding their academic interests and the professions they would like to take (Behrens & Rosen, 2013). Therefore, according to the western model of parenting, children are allowed to see learning as fun, while avoidi ng stressing academic success upon the children, since â€Å"Western parents are extremely anxious about their children’s self-esteem† p144. ... r children’s academic performance, through instilling on them a culture of academic pursuit that is almost free of other educational activities, such as games and drama (Behrens & Rosen, 2013). Thus, Hanna Rosin, in her article, â€Å"Mother inferior† observes that â€Å"many American parents will read The Battle Hymn of the Tiger Mother, and feel somewhat defensive and regretful† p148. Chinese parents spend most of their time imploring their children to pursue academic excellence, which is then used as a measure of successful parenting in the Chinese culture. According to this model, whenever a child is not performing exemplarily in academics, then, definitely the parent has failed in his/her role of parenting. However, it is the Chinese mothers who play a great role in the education of their children, since the academic success of a child is used to measure the successful parenting of a Chinese mother (Behrens & Rosen, 2013). The most interesting aspect is that ; the Chinese mothers have developed strict guidelines on how their children should behave, in terms of what they should pursue and what they should engage in, in the course of their learning. While the Chinese parents may spend up to 10 times of their time engaging their children in academics, the western parents allows their children more free time, for which they can use in sports and games The Chinese applies the philosophy that â€Å"nothing is fun, until you are good at it† p143. Further, the Chinese parents apply the adage that to be good at something, one has to work, and children do not like working. Therefore, if a child has to become successful in anything, it is the duty of the parent to ensure that children are involved in working for what they are interested in. However, in denouncing this view,

Bilingualism and diglossia Assignment Example | Topics and Well Written Essays - 2000 words

Bilingualism and diglossia - Assignment Example I will look closely at classic and extended diglossia, diglossia as a continuum, touch upon diglossia within the context of language shift and relationship between diglossia and language varieties. I will incorporate critical opinions of distinguished researchers within the framework of the discussion to provide consistency and comprehensiveness of the analysis and illustrate differences and similarities between diglossia and bilingualism with a number of examples of the way people interact within communities of such countries as Switzerland, Germany, Italy or New Zealand. Whether diglossia is really a kind of bilingualism is disputed. While a number of researchers categorize diglossia exclusively within the framework of bilingualism, others, to the contrary, treat diglossia and bilingualism as two separate linguistic phenomena in their own right, which tend to overlap each other. In this essay I will touch upon some aspects of diglossia within the context of its relation to bilingualism referring to the studies of the researchers who stress on both similarities and differences between diglossia and bilingualism. According to Charles Ferguson, who first introduced the notion of diglossia into linguistic discourse in 1959, diglossia and bilingualism are closely related notions (Ferguson, 1959). Diglossia is a widespread sociolinguistic phenomenon that applies to a situation within the framework of one speech community, when speakers use two or more language varieties depending on communicative context switching from either local dialect to the literary standard language or vice versa (Ferguson, 1959). For instance, a speaker may use a local dialect of Italian language when communicating to his/her family members at home or friends in informal atmosphere and switch to the literary standard Italian during public speech in formal atmosphere or during a conversation with compatriots from other regions of Italy. It must be noted that according to Ferguson, diglossia is

Pre Maritial Genetic Screening Essay Example | Topics and Well Written Essays - 750 words

Pre Maritial Genetic Screening - Essay Example Genetic diseases will occur when there is an alteration in the DNA and it is well known that substances present in smoke, tobacco or radiation from the sun can easily alter the materials in the cells. Inherited diseases are usually caused by mutated genes which are inherited by an individual from either of the parents and in the thousands of genes we possess in our cells, the faulty gene might just be one of the thousands (Commmittee on Publication Ethics 218). Since the genetic diseases vary greatly there are several different methods that can be applied based on the type of the disease? There are four types of genetic disorders found to exist these are; single gene, multifactorial, chromosomal and mitochondrial. A gene can be mapped as one of the methods to deal with the conditions. The genes position within the chromosomes can be determined by mapping either physically or genetically (Schork N. 103) With the position established, then it becomes possible to tell of any possible links between the genes. Gene testing is another simple way to determine whether the person contains the genes that cause genetic disorders. A chemical method known as gene splicing can be used which involves the cutting out part of the DNA in the gene and replacing it with a new piece. Alternatively genes can also be silenced by geneticists to prevent harmful effects of the gene (Ishak 273-286). Premarital genetic screening first of all is very important for couples as it will help them determine their compatibility. This testing will allow the couples to determine the presence of any genetic disease, strategize on the management measures and seek treatment for the same (Zi 637-638). By undergoing this test the designate couple will be well informed about their predisposition to certain diseases and the odds of their passing on those diseases to their unborn children. If the couple is expecting a baby, then proper utilization of genetic screening will allow

Administration experience and training experience Essay

Administration experience and training experience - Essay Example The National Institute for Training is known for conducting seminars and workshop for both public and private organizations in the Middle East. In fact, NIT has always been tapped by the government to give training workshops for public servants because of its excellent programs. NIT is a leader in providing management related training workshops whether for public administrators or private managers. In fact, NIT has been recognized by the United Nations as premier trainor for public administration. Change and Creativity Workshop - I took this training because I know how important it is to introduce change in an organization to better improve its services. Usually, managers are stuck with the same routines and procedures after being used to their daily responsibilities. It seems that there is no other better way to do some things which is why some problems do not get solved at all. What I envisioned from the NIT workshops was an opportunity to gain stronger understanding of the  diff erent ways to improve management skills by making effective decisions while using creativity. I took the training experience for this particular workshop because I am seeking for new approaches to initiating procedures, policies and system. It is in my fervent hope that my management skills would become better after thus workshop. Meetings and Time Management I took the meetings and time management training because I want to enhance my time management skills. Previously, I was burdened my many unimportant tasks because I tried to attend to everything as much as possible. Even insignificant phone calls were answered which preoccupied my time. Likewise, I conducted long meetings that can be already considered unproductive. For this reason, I knew I had to attend the training so I can increase my productivity as a manager by focusing on more important things. I saw myself becoming very effective in time management after attending the training. Problem Solving and Decision Making One of the major functions of managers is to solve problems that can hamper operational efficiency. Part of solving problems is effective decision making that can make a great impact on business processes. I took this training experience because there are many challenges confronting a manager today. Before the start of the training, I was looking forward to new principles about problem solving and decision-making. Also, I knew that there are new approaches to solving problems using different tools or mind maps that can be introduced in the seminar. Usually, managers like myself have been too traditional in approaching problem solving. This time, I wanted something out of the box that can aid me in coming up with more creative ways to solve problems. I also want to come up with decisions that have win-win solutions for all parties involved. Briefly, I want to change and this training experience can help me acquire new skills and knowledge to become an agent of change. Q2. A full descriptio n what you learned from this training experience, including underlying principles, concepts, and competencies. During the training, some of the principles and concepts were not actually new to me anymore. Nevertheless, I still learned many things from this training experience. Change and Creativity Workshop- It is very important for managers like myself to become more resourceful and innovative because of the various challenges posed by the highly-competitive business environment. Likewise, the changing forces of globalization place an extra challenge for organizations to cope with ; hence, managers like myself should move forward along with trends. The first module which was Change and Creativity Workshop aimed at making managers agents of change. Usually, people are

Participative Management Essay Example for Free

Participative Management Essay Participative Management (A Critical Study) Assignment Advanced Management COURSE CODE:-EM-517 Prepared for Mr. Muhammad Mohiuddin Professor Department of Management Studies University of Dhaka Date of Submission: July 30, 2012 Acknowledgement At first I desire to express my deepest sense of gratitude to almighty God. With profound regard I gratefully acknowledge our respected course teacher Mr. Muhammad Mohiuddin for his generous help and suggestion during preparation of the report. I would like to give thanks especially to my friends and many individuals, for their enthusiastic encouragements and helps during the preparation of this assignment by sharing ideas regarding this subject and for their assistance in proofreading this manuscript. Sincerely yours, Siddhartha Bhowmik ID: 03-10-19-056