Friday, October 25, 2019
Kissed by Poverty :: Personal Narrative, Autobiographical Essay
In 1990 my family and I left Kuwait on our vacation to the United States. This vacation was anything but normal. On August 2, 1990, Saddam Hussein invaded Kuwait and consequently we were not able to return. We soon found out that our home was in ruins, and everything was lost. I was seven years old when my family and I realized that the United States was to be our new home. The start of our new lives began in St. Louis, Missouri. At this time all I could think about was how my once prominently wealthy family was no more. My father and mother were out of work, my sisters and I couldn't go back to our friends and schools, and our lives had taken a complete twist. I thought about how I would never see my friends again, how I couldn't play soccer after school anymore, and realizing just how the childhood I had was lost. When I started school the next in America, I was shocked. My father advised me that this would be a big challenge, and that only the fit would survive in this volatile wo rld. So I understood what was to come, and would most definitely try my hardest to make my father proud. I took the challenge head on, but honestly I was afraid. Thoughts of failure lurked in the back of my mind. Will the kids accept me? Where will I sit at lunch? What will the teachers think of a kid who does not speak English well? These thoughts made me want to turn around and go back to where I came from. Instead I was amazed by the atmosphere in the American schools, as well as the kindness and understanding of my teachers and peers. They encouraged me to go forward and meet the challenge. Fortunately I came from a family which values education. My father told my sisters and me that "success in America is a choice and it will be achieved only through education." In the following years I watched my two sisters graduate with honors as chemical engineers from two prominent colleges. Seeing their success made me eager to follow in their footsteps. For the most part the nine years I spent in Missouri were happy and joyful. I was molded to be a successful student and friend. I gained the friendship of my peers and the admiration of my teachers, many to whom I still keep a close contact with. Kissed by Poverty :: Personal Narrative, Autobiographical Essay In 1990 my family and I left Kuwait on our vacation to the United States. This vacation was anything but normal. On August 2, 1990, Saddam Hussein invaded Kuwait and consequently we were not able to return. We soon found out that our home was in ruins, and everything was lost. I was seven years old when my family and I realized that the United States was to be our new home. The start of our new lives began in St. Louis, Missouri. At this time all I could think about was how my once prominently wealthy family was no more. My father and mother were out of work, my sisters and I couldn't go back to our friends and schools, and our lives had taken a complete twist. I thought about how I would never see my friends again, how I couldn't play soccer after school anymore, and realizing just how the childhood I had was lost. When I started school the next in America, I was shocked. My father advised me that this would be a big challenge, and that only the fit would survive in this volatile wo rld. So I understood what was to come, and would most definitely try my hardest to make my father proud. I took the challenge head on, but honestly I was afraid. Thoughts of failure lurked in the back of my mind. Will the kids accept me? Where will I sit at lunch? What will the teachers think of a kid who does not speak English well? These thoughts made me want to turn around and go back to where I came from. Instead I was amazed by the atmosphere in the American schools, as well as the kindness and understanding of my teachers and peers. They encouraged me to go forward and meet the challenge. Fortunately I came from a family which values education. My father told my sisters and me that "success in America is a choice and it will be achieved only through education." In the following years I watched my two sisters graduate with honors as chemical engineers from two prominent colleges. Seeing their success made me eager to follow in their footsteps. For the most part the nine years I spent in Missouri were happy and joyful. I was molded to be a successful student and friend. I gained the friendship of my peers and the admiration of my teachers, many to whom I still keep a close contact with.
Thursday, October 24, 2019
Dante, Plato, Aristotle Essay
The assignment is poetry v. philosophy. Plato speaks of a quarrel b/t poetry and philosophy. He dismisses the arts while Aristotle defends them. DO we see traces of this quarrel in later traditions? If so, where? And how is it played out there? For this essay, in addition to Plato and Aristotle, focus on Danteââ¬â¢s Inferno. (Please look to see if my thesis is clear and strong, my evidence is all relevant, and whether this whole essay persuades you) Throughout his life, Plato strongly believed that the arts and philosophy directly opposed each other. On the other hand, Aristotle defended poetry as an aid to philosophy. Dante, a philosophical poet, successfully synthesizes Plato and Aristotleââ¬â¢s views in the Divine Comedy of the Inferno without compromising either school of thought. He acknowledges the fact that while the arts have its uses within the material world and philosophy its uses in the spiritual, both need the other to be complete. Both Plato and Aristotle agree that poetry brings about great emotion which has a lasting impact on the individual and society. However, they disagree on poetryââ¬â¢s emotional effects. In Meno, Plato believes it results in harm while Aristotle argues that it leads to improvement in Poetics. Upon closer inspection, we see that Danteââ¬â¢s Inferno contains a philosophical significance underlying its poetic style. Poetry and philosophy work towards the same end, but in different ways. There is no doubt that poetry is an imitation. What Aristotle and Plato dispute over is the source of that imitation. Plato strongly states that the arts are mimetic, twice removed from the truth. They are an imitation of the ideal entities in the realm of the forms, in which all things are perfect. For instance, tragedy presents multiple possibilities and situations rather than a single essence. In Meno, Platoââ¬â¢s Socrates discusses the difference between doxa and episteme. Poets, politicians and priests utilize doxa, a type of knowledge that is not mediated through any intellectual reasoning. This further demonstrates the composition of the material realm. Right opinion, or doxa, flees from the mind just as the materialistic body quickly perishes. Socrates says opinion is not worth much until it is ââ¬Å"fastened with reasoning of cause and effectâ⬠(Plato 65). He is alluding to episteme, true knowledge that remains in the brain. This is accomplished through intellectual inquiry in the ideal realm. Throughout the dialogue, Menon insults Socrates by saying he looks like a stingray, alluding to a type of numbing-drug. However, Menon proves to have false knowledge as Socrates shows how anamnesis occurs via the Socratic Method. Only when he experiences aporia, the state of confusion and realization of oneââ¬â¢s ignorance, can he reach true knowledge. The reference to the drug, pharmakon, symbolizes how Menon became numb to the false, material world in order to transition to the divine realm where all things originate. While Plato asserts that imitation comes from the true essence of things, Aristotle believes it has its roots in human action. In Poetics, he examines how humans have an instinct for imitation, harmony and rhythm. We often learn our earliest lessons from mimesis. Aristotle asserts that the only way to reach the ideal is through action. He views it as a horizontal developmental rather than a vertical one, as Plato did. By the process of energia, we move from potential to actuality. This is also analogous to the concept of the material to the ideal. We come out of the cave and into the sun through our own activities. As the arts best represent action, tragedy contains knowledge because it presents psychological possibilities and universal truths about ourselves. Each possible reality may be the ideal essence. Tragedy, after all, is an imitation of action and of life, not men. The stage externalizes whatââ¬â¢s within our souls. The actors play out the meaning of life which the audience can safely inspect without endangering themselves. This perspective is extremely human-centric compared to Platoââ¬â¢s divine ideal. For instance, tragedy contains plot that is action-centric and based on the structure of incidents. Unlike a story, a plotââ¬â¢s events can be resequenced in any fashion. This is like an experiment in which the stage is our lab. A plot can furthermore be split in two ways: complex or simple. A complex plot contains peripeteia and anagnorisis. The latter, similar to Platoââ¬â¢s Meno, shows the progression from ignorance to knowledge. Yet the characters on stage, even after making decisions, are still susceptible to Fortuneââ¬â¢s will. Thus peripeteia occurs, alluding to God and the divine realm we ultimately reach with the aid of anagnorisis. There are some things people canââ¬â¢t control. However, what we do imitate and control are our actions within the material world. For Aristotle, action was the most significant aim to focus on. In Danteââ¬â¢s Inferno, the poet Virgil guides Dante into Hell. Poetry begins to act as a gentler remedy compared to philosophy. It is more relatable to the human mind and physical world. Through catharsis, Dante must eliminate all emotional tumult to become enlightened. This process of catharsis is similar to the movement from the material to spiritual realm. Paradiso, the highest realm, is where true intellect exists and where we become one with God. In the second canto, Dante demonstrates the wickedness of emotions and the materialistic realm when Virgil tells him: Your soul has been assailed by cowardice, which often weighs so heavily on a man- distracting him from honorable trails- as phantoms frighten beasts when shadows fall. (lines 45-48) This is an extremely Platonian perspective. Partially right, Plato believed that tragedy produced cowardly leaders as it appealed to passion rather than logic and reason. Through Virgil, Dante demonstrates how the arts, especially poetry, are effective in cleansing the soul of emotion by experiencing or contemplating it. Much like the Socratic Method in Meno, Dante must become ââ¬Å"numbâ⬠to false knowledge via catharsis and begin with a clean slate. He accomplishes this by observing the damned in the inferno. When he passes through aporia, only then will he become enlightened and obtain truth. The shadows are a reference to Augustineââ¬â¢s ââ¬Å"visio corporals,â⬠the cave of pure materiality, in which false knowledge resides. Dante says in canto one that man must come out of the ââ¬Å"shadowed forestâ⬠(line 2) where he is ââ¬Å"so full of sleepâ⬠(line 11). All this is accomplished through human action, represented through tragedy and poetry. Furthermore, Virgil symbolizes the coming emergence of Christian Rome through Dante. He has already taken Aeneas to the Underworld, setting up the entire story. Parallel to this, poetry lays the necessary foundation for the coming age of philosophy. Dante uses typology of the inferno to paradiso. Like the Hebrew Bible, the inferno remains incomplete and foreshadows whatââ¬â¢s to come. The New Testament completes the text, in the same way philosophy does to poetry. Each is interdependent on the other. In the Inferno, Dante fails to read the inscription to the Gateway to Hell, demonstrating how the archaic style of backgrounding no longer resounds in the new age of foregrounding. This method brings to light how the mind reads and interprets with reason. Because the material realm is incomplete, Dante cannot move to this abstract, spiritual meaning without first going through the forest. In the third canto, Virgil describes to Dante how those in hell have ââ¬Å"lost the good of the intellectâ⬠(line 18). The mind can never be fulfilled as it is a pure sensory experience. This is proven when Virgil is only able to guide Dante so far. He cannot take Dante beyond the material realm because he is not a Christian. He represents the arts, the non-metaphysical. A higher entity, Beatrice, will lead him to paradiso. Virgil declares in canto one: ââ¬Å"If you would then ascend as high as these / a soul more worthy than I am will guide youâ⬠(lines 121-122). Likewise, we can think of poetry, represented by Virgil, as a disguise to philosophy, the eventual remedy of Beatrice. While philosophy speaks of a thing itself, poetry uses metaphors as a transition to reach a philosophical conclusion. It is a vehicle for truth in its own peculiar way, addressing our minds through imagination, sensibility and feelings. Dante can synthesize Plato and Aristotleââ¬â¢s views because they are working toward one common goal: the divine, the cave of pure intellect. The mechanisms of philosophy are simply a more sophisticated turn on poetry. Traces of Plato are still seen in Dante, especially when he states in the fifth canto: ââ¬Å"Those who undergo this torment are damned because they sinnedâ⬠¦ subjecting reason to the rule of lustâ⬠(lines 37-39). However, in tragedy, what seems irrational and absurd to the audience becomes permeated with reason as it speaks the universal truth about ourselves. The arts show there is something beyond human thought and action as the audience learn how we cannot control everything. There is something beyond this human, materialistic world that we cannot begin to understand. This is God, which is exactly what philosophy aims at. It speaks the truth, not only of human action, but of the existence of the ultimate good. In this way, poetry consists of rational thought and intellect. Virgil tells Dante in canto eight: ââ¬Å"Forget your fear, no one can hinder our passage; One so great has granted itâ⬠(lines 104-105). We are turning inward to our souls to reach the divine. This also speaks of Godââ¬â¢s infinite and unexplainable power. God makes the impossible possible. Dante had to go down into the deepest level of hell to see the divine. This irony demonstrates catabasis and anagogy, the one single movement towards God. Furthermore, Cassius and Brutus foreshadow Judasââ¬â¢ betrayal. These three make up the material inversion of the Holy Trinity. We are able to see God in Lucifer. This demonstrates the typology from the inferno to paradiso as well as the process of recollection in Platoââ¬â¢s Meno and Aristotleââ¬â¢s Poetics. Just as Dante had to move through death to experience life, the reader must pass through poetry to obtain philosophy. All thinking about God involves moving from the material to the realm of the forms. The divine uses metaphors, our language, to help us understand. We are able to indirectly talk to God through poetry as He determines our fate. It was his will to send Dante into Hell. Like poetryââ¬â¢s catharsis and philosophyââ¬â¢s pharmakon, Dante engages his mind as he journeys through the inferno. By looking and contemplating the suffering of the damned, he becomes reconciled to aspects of his life which would otherwise be nonsensical. Both the poet and philosopher seek the existence of God and of the metaphysical. Although Dante recognizes that the arts have limited utility, he realizes how poetry helps lay the foundation for philosophy through the Aristotelian and Platonian method. It has a cognitive function by helping to better appreciate and complete philosophy. As Venantius Fortunatus wrote in his hymn Vexilla Regis, ââ¬Å"â⬠¦ by death did life procure. â⬠Likewise, by poetry did philosophy come about.
Wednesday, October 23, 2019
Monotheistic Religions
After much deep thought and brainstorming about this reflective statement for the monotheistic religions, I realized how much that I have grown intellectually since the beginning of the semester. It is evident that I truly put what Mr. K said at the beginning of the semester into theory: ââ¬Å"donââ¬â¢t believe anything I say. â⬠Prior to taking this course I had very little knowledge about world religions, and the only knowledge I did have were taken from media sources. I was very eager to learn about Zoroastrianism, Judaism, and Sikhism, but not so much about Christianity because I am quite familiar with Christianity. This assignment made me realize that I never took the time to think outside of the box, and Iââ¬â¢m happy to say that I started, not only in this class, but in all of my other courses. The video ââ¬Å"History on The Devilâ⬠was especially captivating because the word ââ¬Å"devilâ⬠is synonymous with numerous religions, and used quite frequently in everyday life. I was raised Catholic, and I always associated the Devil with all of the stereotypical ideas and theories like: the fight between good and evil, and the opposite of God. After watching the movie, the meaning of the Devil changed. Now it means anything that is destructive to oneââ¬â¢s self. General examples include not losing 10 lbs. due to lack of exercise, a drug addiction, and abusive significant other, or not pursuing a life-long dream. Personally, the challenge or ââ¬Å"Devilâ⬠that I face in my life is not completing my degree in a timely manner. I have allowed too many obstacles to come into my path, and delay my success. It is odd how a movie on the devil would offer me motivation to complete school. Chapter 8 Judaism was very intriguing to me because I wanted to visit Bââ¬â¢Nai Israel Synagogue for my Religious Visit report. I did not want to attend the service without a basic knowledge of Judaism because I felt like that would have been somewhat disrespectful and in order to be fully immersed in the culture I needed a foundation. According to the text book Israel refers to ââ¬Å"all those who answer the call of God and who acknowledge and strive to obey the one God, through The Torah, or teachings, given to the patriarchs, Moses, and the prophets. â⬠It is this aforementioned quote that intrigued me to learn more about Judaism. It was a simple statement, but I wanted to learn more. As a child, I attended a Synagogue for a summer camp. I am not a practicing Jew, nor are my parents or any close relatives, so at times I felt left out. I remember taking Challah bread on Fridays, and reading out of what I thought was ââ¬Å"The Bible, which is referred to as Tanakh, but I never learned anything about what Jewish people believed or their heritage. There is more to follow on Judaism in my report. I hate to admit this, but I had several stereotypical views of Islam. The aspects of Islam that offended me were the treatment of women, how the institution of marriage is treated, the fact that it is a patriarchal religion, and its affiliation with U. S terrorism. After reviewing the text and videos, I was pleasantly surprised to learn that Islam means ââ¬Å"peaceâ⬠, and that treatment of women has improved dramatically. Furthermore, polygamy is allowed, but rarely practiced. The spiritual practices and beliefs of Muslims can be summed up in the Five Pillars: belief and witness, daily prayer, zakat (charity), fasting, and Hajj (pilgrimage to Mecca). The last religion I would like to touch base on is Sikhism. I grew up in Taos, NM and there was a Sihk temple down the street, and I was always fascinated by this culture. After researching Sikhism in NM, it is interesting to know that Espanola, NM houses one of the worldââ¬â¢s largest populations of Sikhs in the entire world. Sikhism is a monotheistic religion that originated in India in the 15th century. Their place of worship is called gurdwara. The Five Kââ¬â¢s refers to the article of faith worn by the Sikhs which include: Kesh, kangha, kara, kachera, and kirpan.
Tuesday, October 22, 2019
The Rise in Migration to Singapore essays
The Rise in Migration to Singapore essays Singapore has come a long way since independence thirty-six years ago. Today, she has become the focal point of South-East Asia, a cauldron of different races, cultures and religions. Singapore has been colonized by the British ever since Sir Stamford Raffles stepped foot on her shores and she is not unfamiliar with the number of foreigners working here whether for the British empire or simply stopping over with ships to trade. However, these foreigners of Singapores colonial past never belonged here. After World War II broke out and Japan posed a real threat of invading Singapore, thousands of expatriates rushed for the first flight out of this sunny oasis. Similarly, during the turbulent years of Singapores independence, many of her foreign friends opted to leave for home elsewhere together with the British withdrawal of troops based in Singapore in 1968. The tide has turned through the passage of time. Now, Singapore is a desirable destination for foreigners choosing a new home. I believe that the migration of foreigners to Singapore is of benefit to both the economy and society and more should be done to attract them. Firstly, foreigners migrate to Singapore for economic reasons. Singapore is a fast developing economy that is bursting with opportunities. Foreigners have seen how Singapore emerged from the 1998 Asian Economic Crisis relatively unscathed and they are suitably impressed by this remarkable achievement. Multi-National Companies (MNCs) have targeted Singapore as their regional headquarters for operations in South-East Asia. These companies include IBM, Microsoft, Palm, all reputable international companies. These MNCs send their top talents from overseas branches to work in Singapore and be in charge of the regional headquarters and there is no shortage of foreigners in MNCs. Local companies have responded to the competition of foreign companies and sought to lure the best of talents around the world to ...
Monday, October 21, 2019
Happiness Enough Already Essays
Happiness Enough Already Essays Happiness Enough Already Essay Happiness Enough Already Essay Teddy Murray Brent Jackson English 5 March, 2015 Happiness: Enough Already In respects to being a popular work, I personally find Sharon Burgles article, Happiness: Enough Already, to be rather good. Firstly, this article is easy and interesting to read. Secondly, it contains the points of views of different authors. And thirdly, its information is generic enough to be relative to almost everyones life. Barleys article is structured logically and is worded clearly to the audience. One does not feel bored while reading this piece. The author does a erroneous job capturing the readers attention throughout the article. However, being a popular article, the author does include very specific words that would be difficult for a reader to understand if he or she was not educated in the topic this article covers. But these words are well explained, which do make the article less scientific and more pleasurable to read. In my opinion, good article is based on the inclusion of multiple researchers and sources. This article does this by acquainting the reader to multiple authors and their works (De Dinner of Rethinking Happiness, Eric Willows Against Happiness, and many more). I also thought this article was well done because of the insightful message it conveys. The article explains that people must feel sad or melancholic sometimes in order to experience all aspects of human emotion, which benefits ones quality of life. Being sad teaches people how to survive, makes them stronger and generally hardier. Moreover, the author captures the readers attention by pointing out evidence that suggests people who feel some kind of discontent are more ambitious and tend to be more eager to change their life for the better by pursuing their goals. : The author notes how most artists created their masterpieces in the period of melancholy. Sadness can be named the muse of art. Best poems are written because of unrequited love; the most significant ideas came to those who were on the edge. I believe that everyone will find the information in this article to be useful and relatable. American society is oriented in all the aspects of life. People are used to seeking happiness for themselves and for others, but sometimes people are placed in situations where unhappiness is necessary and natural. And this article does a great job expressing that fact. However, this article does have a downside-?the entire thing is extremely negative. I found the authors criticism of positive psychology and of the salesmen to be rather unfair. In my mind, positive psychology does a lot for understanding the well being of others, and think it deserves more respect than what the article gives. Furthermore, the whole spirit of the article is too dismal. The fault in this article is that there are no positive promises to the audience, which might lead some to choose overall sadness for his or her life. In fact, one might even find themselves rather sad themselves from just reading it.
Sunday, October 20, 2019
Advantages Disadvantages of electronic commerce
Advantages & Disadvantages of electronic commerce History In the 1970s, the term electronic commerce, referred to electronic data exchange for sending business documents such as purchase orders and voices electronically. Later, with the development of this industry, the term of electronic commerce is used to the business of goods and services via the web. When the first World Wide Web was introduced in 1994 as comprehensive, many well-known researchers have been predicted this type of business the web-based business will become soon important in the world economy, but it took four years that HTTP based protocols should be widely available to users. The first electronic commerce created in the USA and some European countries in 1998. These types of business are formed with beginner and unprofessional websites and it has been expanded rapidly. Electronic commerce was spread rapidly in most cities in America, Europe, and East Asia in 2005. Some say dates of electronic commerce return to prior of the Internet, but due to the costs of this style of business, only business and financial institutions and corporations could use it. But with the widespread use of the Internet to all of the people and change the structure of electronic commerce, this kind of business from the specific business case for a particular group out and became the industrial form. Frameworks Electronic commerce framework is comprised of three levels that this framework is needed to for successful electronic commerce. 1. Infrastructure The first part of the framework for electronic commerce is including hardware, software, databases, and communications. It is used in term of World Wide Web on the Internet or other message switching methods on the Internet or other telecommunication networks. 2. Services The second part of the framework includes a wide range of services that provide the ability to find and present information and are including the search for trading partners, negotiation, and agreements 3. Products and Structures This section of the electronic commerce frameworks consist forecasts and direct provision of goods, services, and trade-related information to customers and business partners, cooperation and sharing of information within and outside the organization and organizing of environment of electronic marketplace and chain of supply and support. Advantages Disadvantages The invention of new telecommunication networks and modern online devices has resulted in a new business. In fact, electronic commerce has become one of the most popular activities on the web. Electronic commerce created many benefits for companies and users, however, some disadvantages and serious problems stem from this issue. We can also sell any time, night or day, 365 days a year. Even while we are resting, our users can visit our website, search our goods, services, and determine their orders. Decrease Transaction Costs If we buy from the online store, we spend low operational cost, we have a better quality of service, and we can cut the many unnecessary costs. For example, if our goods or services downloadable, we will have transport costs completely cancel. Conduct a Business Easily In electronic commerce, we do not need physical company setups or there are not any crowds to deal with. We can buy from our house comfortable; users can easily choose goods from various procedures without moving around physically. Comparison in Prices Everyone can easily compare fees among the various websites. We can usually earn discounts on fees when compared with normal shop fees. Disadvantages Security Security pursues to be the main problem in electronic commerce. Everyone good or bad can easily open a website, and there are many bad sites, which their aim is users money. Guarantee There is no guarantee for product quality. Our orders might be damaged in the post or things may look different online to what you actually receive, for example, slightly different colors and feel of clothes or the freshness of vegetables and fruits. Social Relationships Electronic commerce allows users that buying and selling goods and services without geographic limitations but in this method, we have not any contacts and relationships with other persons and loss our social contacts. Impact Electronic commerce is a new method business that mixes all of the prior methods and transaction styles. Electronic commerce and electronic business have an impact on many districts of business, for instance, economics, marketing, computer science, finance and accounting, production and operation management, management information system, human source management, business law, and ethics. The following are some of the factors describe: Marketing The rise of information technologies and computer networks has many effects in business especially in the field of marketing. Everyone can make markets work more efficiently and they can improve their career with information management within a group. In this case, they can decrease the cost of opera tions and catch new markets and new opportunities for selling and transactions. Economics In the industry world, managers must encourage and conduct employees to devise plans to take advantages of new economic opportunities. Electronic commerce is creating new opportunities for the global economy, for example in the global travel and tourism industry. Transforming from traditional business method to electronic commerce method is hard and there were many different factors for companies to adopt them with electronic commerce factors. For this work, they must use the Internet and many other online networks, because for grow and use from new economic opportunities in each industry it is necessary to be matched with new technologies. Finance and Accounting Two decades of progress in information technology and development of its applications in the field of economic and social to form a new chapter of relations between people, institutions, companies and governments and new concepts are emerging on the literature of economic and trade. Internet as a global network, as well as prerequisite of electronic commerce, for reason flexibility, attractive, ease of use, low-cost access and ubiquity, is changing the traditional business moreover, electronic commerce had a significant impact on finance and accounting that include saving time, disinflation, increase productivity, reduce the demand for money (reduce the cost of publishing) and etc. Production and operation management The outcomes of a managers work, by on-time product qualify productions and with the least cost is determined. For this purpose, the first requirement is the correct information. Electronic commerce is the best way to have the most accurate and correct information for managers because consumers transmit their demands to managers directly
Friday, October 18, 2019
(company law) What is meant by the statutory contract, and what is its Essay
(company law) What is meant by the statutory contract, and what is its importance for company law - Essay Example The limitation in the rights of the members could be attributed to the rights of the other members and also in the companyââ¬â¢s separate personality which could call for the best interests of the company or the will of the majority to take preference. As a result, the multifaceted nature of this ââ¬Å"contractâ⬠has created a demand for an additional directive in this area. The Nature of the Statutory Contract Contracts could be commonly found between two parties, consequently rendering third parties to intermittently acquire rights. These parties would in turn possess communal obligations as well as prima facie and any infringement is subject to an action for damages.2 On the other hand, the company contract could also be taken into consideration as unique. It covers several members making it imperative to determine who parties to it are and when it could be imposed. The requirements of Section 14 do not distinguish the company as being party to the contract instead it takes no notice of its separate legal unit, and grants only that it is compulsory as if signed and conserved by each member. Consequently, the shareholders are bound to the company and, even though not statutorily given for, the company is also bonded by the Articles, to the member. Nonetheless, the shareholders could solely implement their rights qua members3, at the same time as the articles structure a contract involving members which is generally solitary enforceable by means of the company, this is with the exception of the of member posses personal right5. On the other hand it should be taken into consideration that an ââ¬Å"outsiderâ⬠right, for example one not connected to the ââ¬Å"collective constitutional rightsâ⬠could not be imposed7. The term ââ¬Å"outsidersâ⬠could include people such as directors. There are concerns shed over the modification
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