Law Commission Essay Example | Topics and Well Written Essays - 2250 words

Law Commission - Essay Example It may be stated that while legal entitlement may not be as clear cut in a cohabitation agreement as they are in a marital relationship, many of the same issues occur in both types of relationships. Since it is largely women who are the primary caretakers and providers of non financial components of a partnership, their interests cannot be ignored. Unless some of the marital provisions on divorce and inheritance of property are also enforced in cohabitation relationships, inequity will be generated, because such a relationship will provide further incentive for economically stronger cohabiting partners to derive the benefits of support from their partner without making financial provision as would be legally required in a marriage, thereby providing an undue advantage to one party at the expense of the other. Therefore in conclusion, the Law Commission’s proposal to introduce a fresh scheme for financial relief for cohabitees is to be welcomed, however care must be taken to ensure that the rights of the weaker partners are preserved in allocating financial relief on disposition of property. Moreover, couples without children must also be included within the scope of relief to be provided under the new schemes for cohabitees.

SEC 10K Paper on Target Assignment Example | Topics and Well Written Essays - 750 words

SEC 10K Paper on Target - Assignment Example The corporate headquarters of the company are located in and around Minneapolis, Minnesota - United States, and Mississauga, Ontario- Canada. The financial statements of Target Company to be analyzed are as at February 1, 2014 and February 2, 2013 and the consolidated results of their operations and their cash flows for each of the three years in the period ended February  1, 2014 were audited by Ernst  & Young  LLP, an independent registered public accounting firm on February 14, 2014. Profitability: Target Company reported the lowest profits of $ 1,971 in 2013 compared to $ 2,999 and $ 2,929 in 2012 and 2011 respectively. The company incurred huge investments in Canada whose returns was much less than the costs.. Its U.S segment reported profits that seems to have cushioned the company’s consolidated income. Long-Term Debt: Target has a long-term debt worth $ 12,622 million as at February 1, 2014. Types of long-term debts: notes, debentures. Long-term debts decreased in 2013 as compared to $ 14,654 million in 2012. Target Company suffers from poor credit rating. Retained Earnings: Beginning balance is $ 13,155 million and ending balance is $ 12,599. The retained earnings increased because of repurchasing of stock and also, part of the dividends declared was not paid. Target Company paid dividends worth $ 1006 million. Statement of Cash Flows: Ending balance is $ 6520 million. The cash balance increased due to the firm’s increased operations both in Canada and U.S investors always prefer investing in firms with prospective higher returns and potential to faster growth. Fast growing firms often indicate a net income but have their cash held in accounts receivable or depend too heavily on bank financing. This is implied by the items falling under investing activities of the cash flow statement. Our company always has a surplus cash budget. In summary, sales increased showing a positive