Potential Proprietary Interests and Repair Obligations - Essay Example

Professor Course number Date China's Debt Asia has recorded an increased growth in the overall GDP within the last decade.... Nevertheless, this growth has currently seen a slight decrease due to massive dept that have faced the continent.... In Europe, some countries such as Spain and Greece have also slowed down in terms of development because of huge debt, which has put the economies at the losing edge....

This may exclude many facts which should have reported earlier with obligations.... DISCUSSION 1: "Government Financial Statements" Please respond to the following: Go to the White House's Website to read the article titled “OMB Circular A-123—Management's Responsibility for Internal Control,” dated December 21, 2004, located at http://www....

Current Liability Current liabilities are obligations for the company to fulfil which are based upon previous transactions.... For this reason, I would suggest that the potential new business owner should go into a partnership as it offers all the benefits of sole proprietorship but liability is shared between partners.... Ratios Ratios like the liquidity ratio are useful measures of viability but do leave some information out that may be useful for potential investors....

The assignment "Characteristics that Define Small Businesses" focuses on the features that determine "small business" in the variety of countries for instance, in the United Kingdom and the US.... nbsp;… The characteristics of small businesses vary across countries....  For instance, in the United Kingdom (UK), The Companies Act 1985 Regulations defines small businesses as those companies with turnover of not more that ₤5....

The paper "The Principle of Overriding interests, Leases and Rentcharges" discusses that all interests in the land should be entered on the register in order to protect those interests.... Where such interests are not recorded the court can that the new purchaser will not be bound by unregistered interests.... hellip; It is important to state that the principle of overriding interests was introduced to assist those whose interests would not reasonably expect to be registered....

A business plan is valuable not only to an entrepreneur but to potential investors or even the new personnel who want to familiarize themselves with the venture, its goals, and objectives.... This paper "The Importance of a Financial Plan for a Business" discusses why a business plan is a necessary requirement in the assessment of the financial requirements of a business and explains why a person would never use it as the only tool to assess a proposed enterprises chances of success....

Moreover, it seems that proprietary estoppel violates the all – important principle of property law that there has to be consensus for transfer of interests in property.... This… The question that arises is that if statute obliges the alleged property right of the claimant to have been created in accordance with an explicit type 1 As such, the good order of property law is disrupted by proprietary estoppel.... In successful proprietary estoppel claims, the court may transfer, change the nature of, or totally rescind proprietary rights....

A mortgage has a proprietary interest since a mortgagee has rights over the property and can therefore take possession of that property in the event of non... According to Gray, a mortgagee lends money to a mortgagor and the mortgagor is obligated to re-pay the mortgage in course of the stipulated period as well as the periodical amounts of interest specified....