These projects may be dams and highways or can be training programs and health care systems. The idea of this economic accounting originated with Jules Dupuit, a French engineer whose article is still worth reading. This act required that the U.
I decided to keep up with the figures to see if this increasingly clear trend would continue. We now have another quarter in the books, and David is once again taking a pounding.
For comparison, last year there were If you go back another ten years, tothere were Wells Fargo Bankthe Supreme Court analyzes when a claim for breach of contract accrues in the context of a mortgage.
Remember the housing bubble and meltdown of roughly ten years ago? Of course you do. This appeal stems from that. Inwhen the housing market was in turmoil, Kerns decided to buy some real property. He financed the purchase with a mortgage loan; the lender eventually assigned the note to Wells Fargo.
Within a year, Kerns fell behind on his payments as millions of other Americans were doing back then. The bank sent him a notice, giving him the contractually required 30 days to bring the payments current, or else it would accelerate the balance and foreclose. The letter was dated June 20,and gave Kerns until July 20 to make good on the loan.
That, you will readily understand, is 30 days. Except Kerns noticed that the letter from the bank actually bore a Post Office mark showing a mailing date of June The next year, with the loan still in default, the bank advertised a foreclosure sale.
That sale took place on August 23, The bank subsequently evicted the now former owner from the property. Five years to the day after the sale date, Kerns sued the bank for breach of contract, claiming that the improper notice deprived him of the contractual right to redeem the property, as set out in the note.
The bank filed a special plea of the statute of limitations, asserting that while the SoL for this claim is indeed five years, that time had expired. The trial court agreed with the bank and dismissed the case.
The justices agreed to take a look, and today they unanimously affirm. The problem starts across Ninth Street, where those notorious troublemakers in the General Assembly have used two different terms in what is at least facially a confusing way. We start with the basic statute of limitations for contract claims: So when does a cause of action for breach of contract accrue?
Inthe legislature amended this to replace cause of action with right of action. We had a perfectly parallel statutory scheme, both provisions of which used the same phrase. This change creates ambiguity where none existed before.
Now you see why I referred to them above as troublemakers. In this case, it generates the need for a Supreme Court opinion to explain when, exactly, the statute of limitations begins to tick. The court today notes that a cause of action is a set of operative facts, while a right of action is a present right to sue based on those facts.
In many contexts — think of most tort claims — the dates of those two are the same. But in some contract claims, they might be different. In many cases, the real damage occurs well after the date of the breach. That seems to be the case here: He regarded that loss as the damage that completed the cause of action, and triggered the right of action.
The justices see it otherwise:Box and Cox () developed the transformation. Estimation of any Box-Cox parameters is by maximum likelihood. Box and Cox () offered an example in which the data had the form of survival times but the underlying biological structure was of hazard rates, and the transformation identified this.
Soft power is the ability to attract and co-opt, rather than coerce ().Soft power is the ability to shape the preferences of others through appeal and attraction. A defining feature of soft power is that it is non-coercive; the currency of soft power is culture, political values, and foreign policies.
This is one of the few honest books about money. I also recommend Ellen Brown's books on money and Micheal Jones' book, Barren Metal.
In brief, private banking with bankers creating money out of thin air and then charging interest to the lenders is the quick sand of economics.
Box and Cox () developed the transformation. Estimation of any Box-Cox parameters is by maximum likelihood. Box and Cox () offered an example in which the data had the form of survival times but the underlying biological structure was of hazard rates, and the transformation identified this.
ANALYSIS OF SEPTEMBER 8, SUPREME COURT OPINION (Posted September 6, ) The phrase penny-wise and pound-foolish came to mind as I read today’s lone published opinion from the Supreme Court of pfmlures.coms v. State Bar is a disciplinary appeal that traces its origin to the princely sum of a hundred and forty-three dollars..
We begin with a personal-injury claim.
Soft power is the ability to attract and co-opt, rather than by coercion (), which is using force or giving money as a means of pfmlures.com power is the ability to shape the preferences of others through appeal and attraction. A defining feature of soft power is that it is non-coercive; the currency of soft power is culture, political values, and foreign policies.