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    Situation Of Default

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    time so as to ensure that no situation arises which may result in any kind of suspicion to the lender. Knowingly or unknowingly he may not commit any act which may constitute a default according to the conditions of the loan agreement, for it may have disastrous consequences for him. A Default means the occurrence of a situation when the Borrower is likely to commit default in the discharge of his financial obligation. i.e. the payment of interest or other dues or repayment of the loan amount to the lender as and when due in accordance with the terms and conditions of the loan agreement. Generally, the word “default” is not defined in the loan agreements. According to Oxford Dictionary, “default” means failure to act, failure to pay, not meet money calls, etc. However, a “default means any Event of Default or any…

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    The Greek Debt Crisis

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    Zimbabwe, Argentina, Cyprus, Greece, Puerto Rico have all grappled with massive economic disruption caused by debt default. The sad reality is that it will take one or larger, involuntary economic meltdowns where debts are nullified, entitlements reduced or eliminated, and derivatives reigned in to put things back in order. The first such meltdown is expected to begin before the end of 2016. Reinhart and Rogoff are right. It’s no different this time. Except that this time there might not be…

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    I will be examining the risks of the student loan bubble. Over the last 5 years the American federal reserve bank has increased spending on federal student loans over 1,000%. From $100 billion to over $1 trillion dollars. According to Kate Hardiman from University of Notre Dame “Economists believe the amount of federal money allocated to student loans shown in this graph is highly “unsustainable.””. With the increasingly large amount of risky student loans being given out its not going to be…

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    eventually defaulted on the note causing McAfee to sue Harman for payment under the guaranty. Harman had filed Chapter 7 bankruptcy after 1999 but before defaulting on the note and thus moved for summary judgment on grounds that McAfee’s claim against him had been discharged in the bankruptcy case. However, Harman had not listed the guaranty among the debts in the bankruptcy case. The legal issue being presented in this case is exceptions to dischargeable debts in bankruptcy. This case…

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    Charter Bank Case

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    Metropolitan defaulted on its agreement with World Wide six months later, World Wide brought suit, asserting its alleged security agreement in Metropolitan’s accounts receivable. Bank filed a counterclaim, asserting its perfected security interest in Metropolitan’s accounts receivable. Who wins? World Wide Tracers, Inc. v. Metropolitan Protection, Inc., 384 N.W.2d 442, Web 1986 Minn. Lexis 753 (Supreme Court of Minnesota) Who wins? Answer: World Wide Tracers, Inc. to Metropolitan Protection,…

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    Piggyback Loan Advantages

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    Finally, a piggyback loan allows the home buyer to purchase a home without paying PMI or private mortgage insurance. PMI is basically an insurance policy for the lender in case the borrower defaults on the loan. The lender however makes the borrower pay for this insurance policy either up front or as a monthly payment. Most lenders require PMI unless the home buyer has at least 20% equity in the home. Since a piggyback loan takes care of the 20% equity through another lender the first lender…

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    1980s Housing Crisis

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    history. Since expansion is followed by an economic recession, when the stock market crashed in 2000, there was a shift in dollars going away from the stock market into housing. This is what is known as the housing bubble. There was plenty of “cheap money” available for loans so naturally, people took advantage. When they saw the price of housing increase, they wanted in on the action. They took out these cheap loans to try and flip houses and make a living. The housing market peaked in 2006.…

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    Case Study Fitbit

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    Apple Watch or a Samsung Gear. With some minor changes, our team believes the company can yield much profit from selling the Fitbit Blaze. Historically, Fitbit has made customer data public by default, “encouraging social sharing and competitiveness,”(Hill, para. 3, 2011). While this action is deemed unethical by most because of the action’s cons, there are a considerable amount of pros to making customer data public by default, too. For example, many customers desire for companies to be…

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    6 reasons why Singapore 's Small medium enterprises (SME) take up a business loan It is no secret that the economy is tough. Unemployment rates have put the globe on a huge wheel, and many companies have met an untimely bankruptcy, while some are on the edge of extinction. In today’s continuously fluxing economic climate, the riddle of starting and managing a small business is getting diificult. Nevertheless, the less fainted hearted are still thriving. In fact, it is surprising that some…

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    Many students each year graduate from state or private universities leaving with what at times is an astronomical amount of student loan debt. I am basing my argument on the risks of taking out student loans, what legal action can help those that may be in trouble and ways to help students find other alternatives to reducing student loan debt. According to the Huffpost.com student loan debt is at a stake of the crisis in our country. It surpasses by far credit card debt and other expenditures…

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