Hemingways Economy Of Style English Literature Essay

Hemingways Economy Of Style English Literature Essay A Clean, Well-Lighted Place is arguably not only one of Hemingways best short stories but also a story that clearly demonstrates the techniques of Hemingways signature writing style. Hemingway is known for his economic prose-his writing is minimalist and sparse, with few adverbs or adjectives. He includes only essential information, often omitting background information, transitions, and dialogue tags such as he said or she said. He often uses pronouns without clear antecedents, such as using the word it without clarifying what it refers to. Hemingway applies the iceberg principle to his stories: only the tip of the story is visible on the page, while the rest is left underwater-unsaid. Hemingway also rarely specifies which waiter is speaking in the story because he has deemed such clarification unnecessary. The essential element is that two waiters are discussing a drunk old man-the rest can be omitted according to Hemingways economy of style. When the older waiter contemplates the idea of nothingness, Hemingway loads the sentences with vague pronouns, never clarifying what they refer to: It was all a nothing.  .  .  . It was only that.  .  .  . Some lived in it  .  .  . Although these lines are somewhat confusing, the confusion is the point. This nothingness cant be defined clearly, no matter how many words are used. Hemingway uses fewer words and lets the effect of his style speak for itself. The Deceptive Pacing of the Story Hemingway does not waste words on changing scenes or marking the passage of time, leaving it up to us to keep track of whats happening and the storys pacing. For example, only a brief conversation between the waiters takes place between the time when the younger waiter serves the old man a brandy and the time when the old man asks for another. Hemingway is not suggesting that the old man has slugged back the brandy quickly. In fact, the old man stays in the cafà © for a long time. Time has lapsed here, but Hemingway leaves it up to us to follow the pace of the story. The pace of A Clean, Well-Lighted Place may seem swift, but the action of the story actually stretches out for much longer than it appears to. The sitting, drinking, and contemplating that take place are languid actions. We may read the story quickly, but the scenes themselves are not quick. Just as Hemingway doesnt waste words by trying to slow down his scenes, he also refrains from including unnecessary transitions. F or example, when the older waiter leaves the cafà © and mulls over the idea of nothingness, he finishes his parody of prayer and, without any transition that suggests that he was walking, we suddenly find him standing at a bar. Hemingway lets the waiters thoughts serve as the transition. When he writes, He smiled and stood before a bar, were meant to understand that the waiter had been walking and moving as he was thinking to himself. And when the waiter orders a drink at the bar, the bartender offers him another just two sentences later. Again, Hemingway is not suggesting that the waiter gulps his drink. Instead, he conveys only the most essential information in the scene. Existentialism and the Lost Generation The term Lost Generation refers to the writers and artists living in Paris after World War I. The violence of World War I, also called the Great War, was unprecedented and invalidated previous ideas about faith, life, and death. Traditional values that focused on God, love, and manhood dissolved, leaving Lost Generation writers adrift. They struggled with moral and psychological aimlessness as they searched for the meaning of life in a changed world. This search for meaning and these feelings of emptiness and aimlessness reflect some of the principle ideas behind existentialism. Existentialism is a philosophical movement rooted in the work of the Danish philosopher Sà ¸ren Kierkegaard, who lived in the mid-1800s. The movement gained popularity in the mid-1900s thanks to the work of the French intellectuals Jean-Paul Sartre, Simone de Beauvoir, and Albert Camus, including Sartres Being and Nothingness (1943). According to existentialists, life has no purpose, the universe is indiffer ent to human beings, and humans must look to their own actions to create meaning, if it is possible to create meaning at all. Existentialists consider questions of personal freedom and responsibility. Although Hemingway was writing years before existentialism became a prominent cultural idea, his questioning of life and his experiences as a searching member of the Lost Generation gave his work existentialist overtones. Themes, Motifs, and Symbols Themes Life as Nothingness In A Clean, Well-Lighted Place, Hemingway suggests that life has no meaning and that man is an insignificant speck in a great sea of nothingness. The older waiter makes this idea as clear as he can when he says, It was all a nothing and man was a nothing too. When he substitutes the Spanish word nada (nothing) into the prayers he recites, he indicates that religion, to which many people turn to find meaning and purpose, is also just nothingness. Rather than pray with the actual words, Our Father who art in heaven, the older waiter says, Our nada who art in nada-effectively wiping out both God and the idea of heaven in one breath. Not everyone is aware of the nothingness, however. For example, the younger waiter hurtles through his life hastily and happily, unaware of any reason why he should lament. For the old man, the older waiter, and the other people who need late-night cafà ©s, however, the idea of nothingness is overwhelming and leads to despair. The Struggle to Deal with Despair The old man and older waiter in A Clean, Well-Lighted Place struggle to find a way to deal with their despair, but even their best method simply subdues the despair rather than cures it. The old man has tried to stave off despair in several unsuccessful ways. We learn that he has money, but money has not helped. We learn that he was once married, but he no longer has a wife. We also learn that he has unsuccessfully tried to commit suicide in a desperate attempt to quell the despair for good. The only way the old man can deal with his despair now is to sit for hours in a clean, well-lit cafà ©. Deaf, he can feel the quietness of the nighttime and the cafà ©, and although he is essentially in his own private world, sitting by himself in the cafà © is not the same as being alone. The older waiter, in his mocking prayers filled with the word nada, shows that religion is not a viable method of dealing with despair, and his solution is the same as the old mans: he waits out the nighttime in cafà ©s. He is particular about the type of cafà © he likes: the cafà © must be well lit and clean. Bars and bodegas, although many are open all night, do not lessen despair because they are not clean, and patrons often must stand at the bar rather than sit at a table. The old man and the older waiter also glean solace from routine. The ritualistic cafà ©-sitting and drinking help them deal with despair because it makes life predictable. Routine is something they can control and manage, unlike the vast nothingness that surrounds them. Motifs Loneliness Loneliness pervades A Clean, Well-Lighted Place and suggests that even though there are many people struggling with despair, everyone must struggle alone. The deaf old man, with no wife and only a niece to care for him, is visibly lonely. The younger waiter, frustrated that the old man wont go home, defines himself and the old man in opposites: Hes lonely. Im not lonely. Loneliness, for the younger waiter, is a key difference between them, but he gives no thought to why the old man might be lonely and doesnt consider the possibility that he may one day be lonely too. The older waiter, although he doesnt say explicitly that he is lonely, is so similar to the old man in his habit of sitting in cafà ©s late at night that we can assume that he too suffers from loneliness. The older waiter goes home to his room and lies in bed alone, telling himself that he merely suffers from sleeplessness. Even in this claim, however, he instinctively reaches out for company, adding, Many must have it. The thought that he is not alone in having insomnia or being lonely comforts him. Symbols The Cafà © The cafà © represents the opposite of nothingness: its cleanliness and good lighting suggest order and clarity, whereas nothingness is chaotic, confusing, and dark. Because the cafà © is so different from the nothingness the older waiter describes, it serves as a natural refuge from the despair felt by those who are acutely aware of the nothingness. In a clean, brightly lit cafà ©, despair can be controlled and even temporarily forgotten. When the older waiter describes the nothingness that is life, he says, It was only that and light was all it needed and a certain cleanness and order. The it in the sentence is never defined, but we can speculate about the waiters meaning: although life and man are nothing, light, clealiness, and order can serve as substance. They can help stave off the despair that comes from feeling completely unanchored to anyone or anything. As long as a clean, well-lighted cafà © exists, despair can be kept in check.

American Society for Training & Development: A Closer Look

Organizations exist for different purposes. There have been countless successful organizations but there were also equal numbers of unsuccessful ones. The American Society for Training & Development (ASTD) is clearly a successful organization. It is considered as the world’s largest association that is committed in workplace learning and performance professionals. Its members originate from different countries worldwide. ASTD is a committee organization which consists of a group of people who usually lead the whole organization. This type of organization, though it has a broad decision making, has a limited functional authority.The good thing on committee authority is that there is harmony between executives and co-workers. Even executives who have lesser experience can broaden their perspectives through active participation. Moreover, there is an assurance of continuity of committee functions. On the other hand, this type of organization is time consuming. Others also say tha t â€Å"committee is made up of the unfit selected by the unwilling to do the unnecessary. † There are also instances when the chairman is forced to make a decision when the committee members have difficulty arriving at a unified agreement.The responsibility is divided among the members and it seeks unanimous decisions. Committee organization is best used to represent interest groups, training, innovation and coordination of planning. The ASTD have the following services: they provide resources for the professionals, which are helpful for researches and publications. They also conduct conferences and expositions in different locations and facilitate the online communities. Aside from these, the ASTD offers programs and choices for careers. ASTD seeks to create a world that works better through exceptional learning and performance.They envision a world-wide leader in workplace learning and performance. Harrison says that leadership is really all about performance. In this case , wherein a 16-member team leads the members, the ASTD is spearheaded by designated leadership. The 16-member team takes responsibility for the whole members and drives them towards their goals. The designated leaders also think of how they will achieve these goals. One of the best things about what ASTD offers to its members is the wide array of resources from the marketplace that they can have access to.They have online environments where the members can gain access to resources such as articles, book summaries and reviews on topics ranging from management to trainings. Aside from these, there are also magazines, newsletters, research reports, Webpages and blogs. The organization also made way for the Training Fundamentals Community where the members can have access on different resources available and connect them to their peers who can help in developing training solutions for a particular organization.The ASTD also conduct conferences and expositions with world-renowned leaders as speakers. The members learn a lot of new things, whether theories or models, that they can adapt to their organization. This facilitates a better workplace learning and performance. The organization also offers exhibit and sponsorship opportunities for their training suppliers. It also offers many choices of certificates from education programs. ASTD also holds the Benchmarking Forum which offers opportunities to benchmark the practices and processes of the members.ASTD is clearly a place where a professional can be more professional. Their resources and programs will be the vehicle for an organization to achieve its success. Being a good leader or a professional means you follow principles that are good for the organization. You have to find ways on how to improve your skills and competencies. There will always be room for improvement to be able to lead the organization to that sweet success. REFERENCES http://www. astd. org/ASTD

Movie Scene Evaluation

Movie Scene Evaluation Project Analysis 1) Apply all eight Elements of Interpersonal Communication to you scene. The clip illustrates a very good example of interpersonal communication. In this clip Alpachino (The Blind man) is the major source (encoder) in interpersonal communication. Charlie (Suspect/Witness), Dean, Willis Jr. , disciplinary committee and the student body are the decoders of the messages. The crowd is astounded by the encoder and gave a positive timely feedback which gave confident to the speaker to give the speech boldly.The bridge (channel) connecting the sender and the receiver is primarily verbal (vocal-auditory channel). Since the speaker in the scene is blind therefore there are not many visible facial gestures but the vocal tone (the highs and the lows) of the speaker compensates for his impairment. Sender’s blindness acts as the gatekeeper in this clip. The actor delivered the speech so well that his impairment (blindness) never obstructs to communic ate with people around him effectively.However, there is a little but effective use of hands to convey his message to the receivers. There is a little hint of psychological noise in the scene too, which is evident since the Dean does not want to hear the elevated and harsh tone of Frank. The context of the scene is in temporal and social-psychological dimension. The gravity of the situation forced the speaker in the clip to take an action in a harsh manner and the relation that had developed between Frank and Charles shows the social-psychological dimension.The clip also consist the element of ethics in it since Frank defended the innocent (Charles). The speaker with his high level of interpersonal competence convinces everyone in the hall to let justice prevail. 2) How do we see one of the 7 principles of Communication used in this scene? The clip is pretty rich in covering the principles of communication. However, the most obvious of them all is the purposefulness of interpersonal communication.Five such purposes can be identified in the scene; to learn- through interpersonal communication everyone in the scene learnt about justice; to relate- speakers closeness to Charlie(defendant) is evident through his words to defend him; to influence- the speaker through his word of justice persuaded and influenced everyone present in the event; to play- a formal outlay of the scene doesn’t introduces the element of playfulness; but the concept of help is pretty obvious in the form that the speaker is helping through his word to convince the jury and defend the Charles. ) Were your characters from individualistic or collectivist cultures? Explain how their characters affected the way they acted towards each other. The attitudes and behavior that are characteristics of a particular social group or organization defines culture. Frank the main speaker in the clip encultured rules, regulation, discipline and self obsession from army in his past which makes him lean towards individualistic culture but in his speech to support Charles he presents the tendency of collectivist culture.Whereas, Charles accultured tameness and shyness since he belonged to a hardworking middle class family which is evident throughout the movie and in and the clip as well. The Dean here shows the tendencies of individualistic culture since he portrays power, authority and discipline. Therefore, Frank and Dean throughout the clip talk aggressively, whereas, Charles act in a timid manner. 4) What is a stereotype, and what stereotypes are present in your scene? Stereotype is a fixed impression of a group of people.Stereotyping is not very evident in this particular clip but giving a verdict only on Charles whether intentionally or unintentionally by the Dean could be characterized as stereotyping. Another example of stereotyping is by Frank (Alpachino) where forms an impression about Charle’s peers involved in prank played against the Dean as rich parent’s spoiled brats. 5) Apply four parts of Johari Window to one of the character in your scene? Frank (Alpachino) is a confident, blunt and a straightforward retired army man is his openself.His hidden self is his remaining dreams for an adventure during the movie which he later reveals to Charles on the trip to New York. Franks explicit expression could be defined as his blindself since he doesn’t realize how the other person could be affected by his words and actions that he says and delivers. In the movie several times it can be seen that Franck experiences mood swings which is his unknown self, neither he nor anyone else talk about it but the audience watching the movie can identify it. 6) What is self-serving bias and explain how one character used it in your scene.When we take credit for the positive and deny responsibility for the negative is called self-serving bias. In this particular scene Mr. Willis Jr. knowing he is responsible for the prank played on the dean, denies, lying to save himself that he was present at the location but did not have his contact lens on, therefore, could not see and referred Dean, Charles being present at the location. 7) How could your characters have increased the accuracy of their impression formation? In my opinion the only person in the scene who would need accuracy in impression formation would be the Dean.He needs to look into ‘ANALYZE IMPRESSION’ by avoiding early conclusions on the basis of his observations and â€Å"REDUCE UNCERTAINIY† by learning about a person through others; in this case about Charles. 8) Apply all 5 stages of the process of listening to the scene in you movie. Since this scene mirrors court room scene which is formal and disciplined thus there is almost no noise present in the clip and the receiving of the message is very clear which helps the student, disciplinary committee, Dean and the suspects understand interpersonal communication easily.The remembering stage is onl y restricted to temporal dimension since it’s on short term basis but its impact would have remained in long term memory. Evaluation of the message is pretty easy too since its clear from the speech that Frank is trying to defend Charles. Student’s reaction in form of an applaud towards the speech is the responding. 9) Name a listening barrier that you have witnessed in the scene? Premature Judgment is a listening barrier in this scene. Dean is drawing conclusions on incomplete evidence. He doesn’t want to listen to Frank’s speech and constantly try to stop him.It can be implied from Dean’s facial gestures (non-verbal communication) that he doesn’t want to listen to anything anymore and just want to give the verdict. 10) Based on what we have learned in our class, how could communication have been improved in this scene? Frank(Alpachino) is blind in this scene. I believe the communication could have been much more effective if Frank wasnâ₠¬â„¢t suffering from this impairment. Furthermore, if Dean would have listened to and analyzed the situation indifferently and wouldn’t have formed a premature judgment, it would have taken lesser time to come to a conclusion, thus, improving the communication.

Poetry Contrast Between Poems Essays

Poetry Contrast Between Poems Essays Poetry Contrast Between Poems Paper Poetry Contrast Between Poems Paper Poetry is a way of representing values and beleifs of the Author through poetic techniques such as Personification, Repetition, Alliteration, Rhythm, Antonym, Synanym, Assonance, Rhetorical questions highlighting on the authors ideologies . My country by Dorothea Mckellar written in 1904 and The New true anthem by kevin gilbert written inhave both contructed two different representations of Australian landscape. This essay will compare and contrast these two Australian poems, explaining how these poets ideologies differ surrounding Australian landscape. Because of the ideological positions of the poets they have constructed two completely different representations of Australia Mckellar uses romantasized notions to influence the audience to see Australia in a positive light, silencing Australians destructive nature, Mckellar invites an Australian audience to share and identify with her feelings by saying that those who are not Australian would not understand the love she feels. By offering this invitation, she has constructed a poem that speaks to our national identity: if we understand what she is trying to communicate, then we are Australians. Whereas Gilbert focusses on the negative visual imagery and the abuse of the landscape by the people, to get people to align with his point of veiw, silencing the beautiful nature of Australian landscape Kevin Gilbert is an indigeneous poet responding to Mckellars poem, reflecting what European civilization has done to the natural landscape. Both poems reinforce particualr ideologies, influencing the audience to align with their values and beliefs- Which ones state in concluding sentence Mckellar poem my country Through the use of poetic devices to further emphasise her message to the audience, which is of Australia being this untammed beautiful country, Mckellar uses postive representations to enhance the flow of the peice. When reading My Counrty the poem brings to mind Australias natural assets. The beauty in the land and varied landscapes which feed into you as a resident of this country. Her joy is infectious. The visual imagery Her affection for this country has an extremety bourne in and of the land itself. She loves the good of it: the sweeping plains, the mountains and the jewel-sea and all the resplendent beauty there for you to see. Her love takes in and encompasses the bad: the droughts, and floods, the terrors of living in her country, even the expanse brownness within it. She shows a knowledge of her country and an attraction to the country, and not a fantastic, idealised version of the same. This injects a realism that wouldnt otherwise exist in this poem. It helps you believe that the place she describes is real, not imagined. is telling how she repeats this the line Core of my heart, my country! and identifies herself with the flood, fire and famine as well as the golden rainbow. Even as she recognises the bad so too the good does not escape her attention. The generosity of the land is noted as it pays us back threefold and its so clear that you can see the plants growing. Rhyme. The second and fourth lines in each stanza rhyme; so do the sixth and eighth. Analogy. She uses it mainly in her imagery (jewel-sea, The drumming of an army,/The steady, soaking rain), but it is worth separate note. Personification. For example, the thirsty paddocks, referring to the country as she.

buy custom The Impact of Technology on Education essay

buy custom The Impact of Technology on Education essay Teachers should be particularly careful when using technology in teaching. Nowadays students use computers frequently than in the past. The National School Boards association found out that students exposed to technology perform better in standardized tests than those students not subjected to technology. Teachers and educators ought to be aware of the potential negative impact of technology on learning. Inappropriate use of technology leads to poor effects of technology. Some disadvantages of technology on learning include increased plagiarism and cheating, lack of vocabularies while speaking, time wasting, overuse of technology, and lack of seriousness among the students (Reed, 2010). Discussion Most students take advantage of the internet to cheat while doing the exams. Plagiarism is yet another problem, where students copy information from the web. This means that students have become lazy to do their own work. All they have to do is to go to the internet, copy the information they need, and finally paste it down. At times, it proves difficult for teachers to trace the source of such information on the web; hence, they do not discover plagiarism. Some other students use the mobile phones during exam time to browse the correct answers and get helpful material from their friends. A study conducted by the University of Washington revealed that DVDs, meant to educate babies, have slipped infant vocabulary. The study found out that babies, who watch DVDs, do not develop their vocabulary unlike babies who did not watch the educational videos and games. To teach the new generation in classrooms; teachers make use of educational games and videos. This is to help the babies to develop their growing minds and increase their level of knowledge, as well as awareness (Petrina, 2007). Neurological changes serve as another disadvantage of technology on learning. In todays world where the computers can be found everywhere, reading and writing take a back seat because students find it easy to click and scroll using the computer mouse. People no longer make their own decisions as they mke little sense to them. Temple University conducted a survey, in the year 2007, and the findings revealed that more than 80% of families in Philadelphia did not read or buy a book. Doctors link certain illnesses to exposure to a lot of information. Some teachers lack experience when it comes to the use of computers. Now that every minute counts, some teachers end up wasting valuable time because of technical problems with the computers. Computers experience problems from time to time. These problems could be malfunctioning of some computer parts or even problems with the software. Teachers also face a problem because they teach students with different computer literacy skills. Some students have no or little exposure to computers, and this proves it hard to teach such a class. Time, therefore, becomes wasted because the teachers will need to cater for each childs needs (Montague, 2004). Another problem faced by the teachers is the mentality that the students have that computers should be used for playing games. Since most students use computers in their homes primarily for playing games, they, therefore, associate them with technology and games. Failure to address this issue properly can affect the learning process. Some students get distracted and bored fast since they will not be using the computer as they have previously used it. However, some teachers can use this as an advantage to them. They can explore it by utilizing it and making learning more enjoyable. Overuse of technology, especially computers, can interfere with the learning process. This is because a good number of students learn best when they mentally and physically interact with the subject of study. Therefore, excessive use of the internet will not care for such students needs. Learning, using computers, does not allow enough time for analysis, reflection or imagination. These vital skills become ignored when teaching using computers, video games or television. These skills are getting lost with time, yet they used to be there before the introduction of technological learning. Several studies show that imagination develops through reading. Reflection, induction and critical thinnking are also essential skills developed through reading different materials. Visual media deny students those skills, as well as print skills (Gev, 2002). Overcoming negative effects of technology in education Teachers should ensure that students do their original work and that there is no cheating or plagiarism. Strict measures, such as examination cancellation, ought to be taken on students who engage in cheating and plagiarism. Teachers should also be advised to use programs that detect plagiarism to ensure that their students do original research while doing their assignments and research (Pierson, 2003). Students should be taught using alternative methods, especially the young children. Visual media in teaching should be avoided at all costs. Teachers should encourage students to read books and other reading materials, so that they improve on their imaginative, analysis, induction and thinking skills. Reading would help learners to improve on their writing skills. Students ought to be encouraged to read for pleasure. Teachers and parents need to instill a reading culture to the children. They should also read for the young children to set an excellent example for them. Students should also be encouraged to use the computer when necessary to avoid certain illness, associated with the use of computers in learning. Technology should be an alternative method of teaching and not the sole method of teaching. Linguistic knowledge comes through interacting with people who use the desired language. Rather than spending time watching DVDs and videos, children can be exposed to people who speak so that they learn from them. Students, who use technology frequently, do not stick to the task. They aim at jumping to the next step even without understanding the concept. Parents should teach their students that computers are not merely used to lay games. They ought to teach them some other uses of computers, such as learning. Again, if computers are to be used in teaching, all areas, rural area inclusive should be supplied with computers and internet so that all students receive the same education (Ferranti, 2003). 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Why would Basel III be Effective on Hedging Against Financial Risks Essay

Why would Basel III be Effective on Hedging Against Financial Risks and another Potential Financial Crisis - Essay Example The risk created due to the changes in the economic situation quickly eroded the capital of the banks thus making Basel II also a pro-cyclical accord. (Varotto)1 Basel-III is a new initiative by the Basel Committee on Banking Supervision to improve the liquidity as well as the capital adequacy of the banks amid the financial crisis. Though still in the consultative phase, Basel III is considered as an upgradation of the existing Basel –II framework and has placed new requirements on the economic capital of the banks. According to the new changes, the core capital of the banks will be increased as a percentage of the Tier 1 capital of the bank where the Tier 3 capital of the banks and financial institutions may be scrapped under the new rules. There will be many major changes under the new capital accord making banks more capable of facing the challenges of any future economic shocks. (Standard & Poors)2 This paper will discuss the notion of why Basel III will be effective on h edging against the financial risks and other potential financial crisis in the future. Prior Research Basel-III is still in a consultative phase and there is generally a dearth of the research on the topic and how it is going to affect the financial system. Basel II was launched in order to make banks’ capital more risk sensitive in the wake of the overall risks faced by the financial system as a whole. The current financial crisis has largely exposed the inability of the Basel II to actually safeguard the banks against the changes taking place at the global level due to the financial crisis. (The Economist)3 It’s being argued that the Basel-II failed to allow the banks to safeguard themselves against the extreme stress faced during the current economic crisis. Basel-III accord is therefore aimed at ensuring that balance sheets of the banks should be further strengthened to help them safeguard against the extreme situations. (Hauswald)4 It is also argued that Basel II was actually the underlying cause of the current financial crisis and Basel-III may not also result into better management of the banks in the wake of the potential financial crisis. This line of argument is however, based upon the notion of the pro-cyclical nature of the accord and how banks can actually circumvent the regulations in order to take benefit from them. (Lall)5 It is also argued that Basel-III may slow down the economic growth- a feature which was actually not present in the previous Basel accords. This is due to the higher liquidity requirements for the banks as well as the holding of large amount of Tier-1 capital thus restricting the ability of the banks to lend aggressively. (Corrigan)6 Understanding the Main Proposals of the Basel III Framework Basel-III is different from Basel II and Basel-I on different counts including the introduction of two new ratios which banks have to manage besides changing the ratios for the core capital and Tier 1 capital while at the s ame time eliminating the Tier 3 capital altogether. As such new Basel-III accord attempts to lay down new rules and regulations for capital, liquidity as well as the leverage of the banks to improve their risk management practices, supervision and internal governance mechanism. (Summerfield)7 The overall purpose of the accord is to strengthen the capital of the banks so that the extreme risks arising due to the financial crisis could be avoided. It is because of this reason that the new accord proposes to hold more buffer capital while at the same time advocating for higher cash holdings. As such, new accord propos

Business Law Essay Example | Topics and Well Written Essays - 250 words - 12

Business Law - Essay Example Meztista then offered a 50 percent share, based on the accounts, and Hylton accepted with a written reservation. Hylton has since filed a suit while Meztista claims that accord and acceptance relinquished rights to such claims. The legal position of the case lies in the legal principle of termination of a contract. Under termination by parties’ agreement, accord and satisfaction legally discharge parties of their obligations in a contract. Goldman and Sigismond define accord and satisfaction as a party’s decision to accept a lesser consideration to an original agreement followed by an actual execution of such acceptance. Accord and satisfaction therefore sets aside previous provisions of a contract (Goldman and Sigismond, p. 216, 217). The best argument for this case is that the parties’ obligations in the partnership were discharged by accord and satisfaction. Meztista is likely to win under this argument because Hylton relinquished legal rights by accepting the lesser payment to discharge the partnership