Monday, December 30, 2019

The World s View On Animals - 1275 Words

In 2013, one of the highest rated â€Å"documentaries† was released to theatres and it changed the world’s view on animals forever. Blackfish describes the supposed horrors Seaworld trainers are keeping their famous killer whales in, including how the company tears orca families apart and is known to mistreat them. In the following months of the movie’s release, many individuals spread its lies all over social media, claiming themselves to be animal rights activists after only viewing one film. These people have failed to do the necessary research to know animals live in excellent conditions in zoos and aquariums and that Blackfish is hardly considered a documentary due to how one sided it is and its deceiving footage. In fact, animals should†¦show more content†¦Additionally, most of these critters today struggle to live in their habitat partially due to new factors brought on by humans. Fred Van Dyke argues, â€Å"Today, as global climate change is re ducing available arctic sea ice and contributing to reductions in wild polar bear populations, such as captive individuals in zoos may yet become a valuable resource in conservation for someday helping decimated wild polar bear populations recover from the current reductions they are now experiencing.† Dyke points out in Conservation Biology: Foundations, Concepts, Applications with the example of polar bears that as the destroyers of their homes through acts like global warming and littering, it is the duty of humans to care for animals in need to ensure the species does not disappear and one of the best ways of doing so is through captivity. Any area that houses animals must be kept running because of the knowledge that springs out of those places. Animals in captivity give humans the ideal setting to observe their habits and lives that would otherwise be a danger if researched in the wild. Then, the studies made from the animals not only expands human understanding of these beautiful creatures, but also allows people to know how to better protect and help them in the

Sunday, December 22, 2019

Nucor at a Crossroads - 11794 Words

Harvard Business School 9-793-039 Rev. January 20, 1998 DO Nucor at a Crossroads On December 7, 1986, F. Kenneth Iverson, chairman and chief executive officer (CEO) of Nucor Corporation, awaited a delegation from SMS Schloemann-Siemag, a leading West German supplier of steelmaking equipment, at his company’s headquarters in Charlotte, North Carolina. Iverson had to decide whether to commit Nucor to a new steel mill that would commercialize thinslab casting technology developed by SMS. Preliminary estimates indicated that the mill would cost $280 million, and that start-up expenses and working capital of $30 million each would push the total cost to $340 million, or nearly as much as Nucor’s net worth. Successful†¦show more content†¦A significant percentage of the steel sold to service centers found its way to end-users in the automotive sector and the appliance and equipment industries. Taken together, these three customer groups accounted for half of total domestic shipments and three-quarters of the shipments of flat sheet. Service cente rs emphasized the most basic form of flat sheet, hot-rolled sheet, whereas the others’ direct purchases were weighted toward cold-rolled and coated sheet that had been subjected to further primary processing. Construction accounted for another one-tenth of shipments of all steel mill products and of flat sheet. Price, quality and dependability were the three most important buyer purchasing criteria. Uncompetitive pricing was probably the major reason U.S. steelmakers had lost ground to imports. Integrated steelmakers had been criticized, in particular, for charging excessive premia in periods of tight supply, pressing buyers to purchase higher-grade steel than they needed, requiring minimum orders that were too large for many buyers and arbitrarily favoring some buyers over others. Quality had several dimensions: internal quality, as determined by metallurgical structure and physical strength, which mattered most when durability was important; surface quality, which was a maj or concern in usesShow MoreRelatedNucor at Crossroads1352 Words   |  6 PagesNucor at a Crossroads Nucor at a Crossroads Case Analysis In 1986, three distinct segments defined the U.S. steel industry; integrated steel mills, mini-mills, and specialty steel makers. The integrated mills have the capacity to produce a maximum of 107 million tons of steel per year, mini-mills produced a maximum of 21 million tons of capacity a year, and the nation’s specialty steel makers could produce a maximum capacity of 5 million tons of stainless and specialty grades of steel. This leadsRead MoreNucor at a Crossroads1363 Words   |  6 PagesNucor at a Crossroads Case Analysis In 1986, three distinct segments defined the U.S. steel industry; integrated steel mills, mini-mills, and specialty steel makers. 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Nucor also ranks as the largest steel producer in the United States of America. Nucor prides itself on focusing on its commitment to the growth and their team matesRead MoreNucor - Porters 5 Forces2126 Words   |  9 PagesNUCOR AT A CROSSROADS CASE ANALYSIS NUCOR’S SUSTAINED PERFORMANCE RECORD PORTER’S 5 FORCES ANALYSIS †¢ Supplier Power: With the eventual exit of integrated steel companies from buying scrap, the options available with suppliers to sell, reduced. Nucor started several small plants that were close to suppliers customers, thereby reducing transportation costs. Also, the sites chosen had inexpensive electricity. Their employee-centric policies resulted in them having lowest attrition levelsRead MoreNucor Case Study5777 Words   |  24 PagesNucor Corporation (A) We are a cyclical business... Basically when you are at the peak of the cycle—times are good, interest rates are low, people are building—our margins increase. When we go to the trough, of course, the margins are squeezed. But over the last 25 years Nucor has never had a losing quarter. Not only a losing quarter, we have never had a losing month or a losing 1 week. —John D. Correnti, President and CEO, Nucor In 1998, Nucor was a Fortune 500 company with 6,900 employeesRead MoreCase Studies67624 Words   |  271 Pageswet-shaving market C-76 Incat Tasmania’s race for international success: Blue Riband strategies C-95 Kiwi Travel International Airlines Ltd C-105 CASE 8 Beefing up the beefless Mac: McDonald’s expansion strategies in India: C-120 CASE 9 Nucor Corporation and the US steel industry C-128 CASE 10 Pacific Dunlop: Caught on the half volley C-157 CASE 11 Philip Morris C-173 CASE 12 Pisces Group of Singapore C-188 CASE 13 Raffles, Singapore’s historic hotel C-194 CASE 14 Southwest AirlinesRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesthree international examples helps illustrate how diverse diversity programs can be. In Singapore, diversity has become part of the national agenda. On â€Å"Racial Harmony Day,† street carnivals are held to celebrate the nation’s unique status as a crossroads of Chinese, Malay, Indian, and other cultures. Besides applauding these distinct national identities, the country’s leaders have also prioritized these celebrations as a moment to emphasize the shared identity of being Singaporean. Brazil is

Saturday, December 14, 2019

What Are the Causes of the Vietnam War Free Essays

The Causes, Events, and Aftermath of the Vietnam War. Digital History. â€Å"The Vietnam War. We will write a custom essay sample on What Are the Causes of the Vietnam War or any similar topic only for you Order Now † Digital History. 30 Sept. 2010. Web. 30 Sept. 2010. . The Vietnam War started as a disagreement between communist North Vietnam and anti-communist South Vietnam. Before this disagreement was a war between Vietnam and the French. Vietnam received 2. 6 billion dollars in financial support from the United States between 1945 and 1954. Nixon, who was President of the United States at the time, sent in troops to attempt to slow the process of sending troops and supplies from North Vietnam to South Vietnam.If I was a Vietnamese person living in Vietnam at the time I would think this would be an act of injustice by trying to make it an unfair war by removing the supply flow making them starve to death or get surrounded with no weapons. Also I feel that it was unjust of the Vietnamese to accept money from the United States then go to war with us after we provided them with financial support of the French. The Oxford Companion to American Military History. Ed. John Whiteclay Chambers II. New York: Oxford UP, 1999. Copyright  © 1999 by Oxford UP.President John F. Kennedy secretly sent 400 troops to South Vietnamese to fight what was called the counterinsurgency war. I believe this was a move of injustice due to the face that Kennedy did not tell the people of the United States they were going to help support a war over seas. After Kennedy was assassinated in 1961, more than 16,000 military troops in South Vietnamese and more than 100 troops had been killed. I feel Kennedy’s assassinated was also an act of injustice and I feel that it was also a major cause of us going into the war even more.Four years later in March of the year 1965, President Johnson sustained bombing of targets north of the 17th parallel. Then on March 8th, he dispatched 3,500 Marines to South Vietnam. After he dispatched them, the United States was now at war, Declaration or not. I feel this could also be an act of injustice because the people did not have any say in this war and now people were going to be drafted to it. PBS. â€Å"Battlefield:Vietnam | Timeline. † PBS. Web. 30 Sept. 2010. . On May 7, 1954 the Vietnamese forces captured the French command post of Dien Bien Phu.The French commander then gave the order to seize fire. The battle lasted 55 days and more than 3,000 French troops died and 8,000 were wounded. Viet Minh got the worse of it though. They lost over 8,000 people and over 12,000 wounded. I feel this is injustice because is it really worth it to loose more men than the other side just to capture a fort? In the late 1961’s [pic]President John F. Kennedy orders more help for the South Vietnamese government in its war against the Vietcong.The U. S. backings included more than 3,000 troops and new equipment. On November 4th 1961, two days before the presidential election, the Vietcong dropped mortar shells onto Bien Hoa Air Base killing 4 soldiers, and 76 wounded along with five B-57 bombers destroyed. I feel that this was injustice because while all of us are busy voting for the new President the Vietcong got us by surprise. â€Å"Vietnam War. † The Columbia Encyclopedia, Sixth Edition. 2008. Encyclopedia. com. 6 Oct. 2010 .In part, the war was a legacy of France’s colonial rule, which ended in 1954 with the French army’s catastrophic defeat at Dienbienphu and the acceptance of the Geneva Conference agreements. Elections scheduled for 1956 in South Vietnam for the reunification of Vietnam were canceled by President Ngo Dinh Diem. I believe this action of cancelling the election after the French defeat and even after accepting the Geneva Conference agreements. Although his action was denounced by Ho Chi Minh, I still feel this was injustice toward the people of Vietnam. Diem’s government faced increasingly opposition of the Viet Cong who were insurgents aided by North Vietnam. Another act of injustice near the end of the war was the massacre at My Lai. This was a massacre of many Vietnamese UNARMED citizens by UNITED STATES soldiers. In the course of the operation about 347 citizens were shot to death. To me, this incident going unknown until autumn of 1969 even though the event took place on March 16, 1968, is almost just as bad as it happening itself. â€Å"Vietnam War. † International Encyclopedia of the Social Sciences. Ed. William A.Darity, Jr. 2nd ed. Vol. 8. Detroit: Macmillan Reference USA, 2008. 612-617. Gale World History in Context. Web. 4 Oct. 2010. In 1946, U. S. president Franklin Roosevelt had written to the British ambassador that he believed â€Å"Indochina should not go back to the French, but that it should be administered by international trusteeship. † I think this is a bit of injustice to the French because the United States should not have intervened in the first place and let every other country do what we want rather than us coming in and trying to make it better for them.In reality though the only thing we are trying to do is make money for ourselves or make it better for us. Eventually the United States sided with South Vietnam because the United States where afraid of communism and that’s what North Vietnam wanted. Why we got involved in this blows my mind because we don’t live there, we won’t be affected by this so why do we care if the people in Vietnam want communism or not. This is how the causes of the Vietnam War resulted in Injustice. Wikipedia. â€Å"Vietnam War. † Wikipedia, the Free Encyclopedia. 03 Oct. 2010. Web. 04 Oct. 010. . In the post-war era, the United States struggled to learn the lessons of military intervention. The casualties of the Vietnam side were 1. 1 million dead and 600,000 soldiers wounded. Civilian deaths by Operation Rolling Thunder were between 52,000 and 182,000. I feel this injustice of killing a possible 100,000 Vietnamese women and children is just completely outrageous. After the war in Vietnam Chemical affected the Vietnamese people by causing a poisoning in the food chain, a change in the landscape, and it also caused birth defects and many diseases. As of 2006, the Vietnamese government had estimated that 4,000,000 victims of dioxin poisoning in Vietnam. Also, between 1961 and 1967, the U. S. Air Force sprayed 20 million gallons of concentrated herbicides over 6 million acres of crops and trees, affecting an estimated 13% of South Vietnam’s land. Now killing the women and children during the bombing was bad enough. Now they started poisoning food and tried to get them into RVN-controlled areas. I feel this is injustice because of all the unneeded deaths of civilian causalities. How to cite What Are the Causes of the Vietnam War, Papers What Are the Causes of the Vietnam War Free Essays The Causes, Events, and Aftermath of the Vietnam War. Digital History. â€Å"The Vietnam War. We will write a custom essay sample on What Are the Causes of the Vietnam War or any similar topic only for you Order Now † Digital History. 30 Sept. 2010. Web. 30 Sept. 2010. . The Vietnam War started as a disagreement between communist North Vietnam and anti-communist South Vietnam. Before this disagreement was a war between Vietnam and the French. Vietnam received 2. 6 billion dollars in financial support from the United States between 1945 and 1954. Nixon, who was President of the United States at the time, sent in troops to attempt to slow the process of sending troops and supplies from North Vietnam to South Vietnam.If I was a Vietnamese person living in Vietnam at the time I would think this would be an act of injustice by trying to make it an unfair war by removing the supply flow making them starve to death or get surrounded with no weapons. Also I feel that it was unjust of the Vietnamese to accept money from the United States then go to war with us after we provided them with financial support of the French. The Oxford Companion to American Military History. Ed. John Whiteclay Chambers II. New York: Oxford UP, 1999. Copyright  © 1999 by Oxford UP.President John F. Kennedy secretly sent 400 troops to South Vietnamese to fight what was called the counterinsurgency war. I believe this was a move of injustice due to the face that Kennedy did not tell the people of the United States they were going to help support a war over seas. After Kennedy was assassinated in 1961, more than 16,000 military troops in South Vietnamese and more than 100 troops had been killed. I feel Kennedy’s assassinated was also an act of injustice and I feel that it was also a major cause of us going into the war even more.Four years later in March of the year 1965, President Johnson sustained bombing of targets north of the 17th parallel. Then on March 8th, he dispatched 3,500 Marines to South Vietnam. After he dispatched them, the United States was now at war, Declaration or not. I feel this could also be an act of injustice because the people did not have any say in this war and now people were going to be drafted to it. PBS. â€Å"Battlefield:Vietnam | Timeline. † PBS. Web. 30 Sept. 2010. . On May 7, 1954 the Vietnamese forces captured the French command post of Dien Bien Phu.The French commander then gave the order to seize fire. The battle lasted 55 days and more than 3,000 French troops died and 8,000 were wounded. Viet Minh got the worse of it though. They lost over 8,000 people and over 12,000 wounded. I feel this is injustice because is it really worth it to loose more men than the other side just to capture a fort? In the late 1961’s [pic]President John F. Kennedy orders more help for the South Vietnamese government in its war against the Vietcong.The U. S. backings included more than 3,000 troops and new equipment. On November 4th 1961, two days before the presidential election, the Vietcong dropped mortar shells onto Bien Hoa Air Base killing 4 soldiers, and 76 wounded along with five B-57 bombers destroyed. I feel that this was injustice because while all of us are busy voting for the new President the Vietcong got us by surprise. â€Å"Vietnam War. † The Columbia Encyclopedia, Sixth Edition. 2008. Encyclopedia. com. 6 Oct. 2010 .In part, the war was a legacy of France’s colonial rule, which ended in 1954 with the French army’s catastrophic defeat at Dienbienphu and the acceptance of the Geneva Conference agreements. Elections scheduled for 1956 in South Vietnam for the reunification of Vietnam were canceled by President Ngo Dinh Diem. I believe this action of cancelling the election after the French defeat and even after accepting the Geneva Conference agreements. Although his action was denounced by Ho Chi Minh, I still feel this was injustice toward the people of Vietnam. Diem’s government faced increasingly opposition of the Viet Cong who were insurgents aided by North Vietnam. Another act of injustice near the end of the war was the massacre at My Lai. This was a massacre of many Vietnamese UNARMED citizens by UNITED STATES soldiers. In the course of the operation about 347 citizens were shot to death. To me, this incident going unknown until autumn of 1969 even though the event took place on March 16, 1968, is almost just as bad as it happening itself. â€Å"Vietnam War. † International Encyclopedia of the Social Sciences. Ed. William A.Darity, Jr. 2nd ed. Vol. 8. Detroit: Macmillan Reference USA, 2008. 612-617. Gale World History in Context. Web. 4 Oct. 2010. In 1946, U. S. president Franklin Roosevelt had written to the British ambassador that he believed â€Å"Indochina should not go back to the French, but that it should be administered by international trusteeship. † I think this is a bit of injustice to the French because the United States should not have intervened in the first place and let every other country do what we want rather than us coming in and trying to make it better for them.In reality though the only thing we are trying to do is make money for ourselves or make it better for us. Eventually the United States sided with South Vietnam because the United States where afraid of communism and that’s what North Vietnam wanted. Why we got involved in this blows my mind because we don’t live there, we won’t be affected by this so why do we care if the people in Vietnam want communism or not. This is how the causes of the Vietnam War resulted in Injustice. Wikipedia. â€Å"Vietnam War. † Wikipedia, the Free Encyclopedia. 03 Oct. 2010. Web. 04 Oct. 010. . In the post-war era, the United States struggled to learn the lessons of military intervention. The casualties of the Vietnam side were 1. 1 million dead and 600,000 soldiers wounded. Civilian deaths by Operation Rolling Thunder were between 52,000 and 182,000. I feel this injustice of killing a possible 100,000 Vietnamese women and children is just completely outrageous. After the war in Vietnam Chemical affected the Vietnamese people by causing a poisoning in the food chain, a change in the landscape, and it also caused birth defects and many diseases. As of 2006, the Vietnamese government had estimated that 4,000,000 victims of dioxin poisoning in Vietnam. Also, between 1961 and 1967, the U. S. Air Force sprayed 20 million gallons of concentrated herbicides over 6 million acres of crops and trees, affecting an estimated 13% of South Vietnam’s land. Now killing the women and children during the bombing was bad enough. Now they started poisoning food and tried to get them into RVN-controlled areas. I feel this is injustice because of all the unneeded deaths of civilian causalities. How to cite What Are the Causes of the Vietnam War, Papers

Friday, December 6, 2019

Australian Partnership Law-Free-Samples for Student-Myassignement

Questions: 1.Do you think that Kate, William, Harry and George are partners? Why?2.Kate arranges for a cocktail party to be held at the stud. It will be attended by many important people from the horse racing set. "Kate wants to make a good impression and she buys a $7000 designer dress" on credit to wear to the function. She did not discuss the purchase with any of the men as she thought they would not understand. Is the business liable to pay this debt?3. Kate, William, Harry and George want to acquire a "new breeding horse". It is going to cost $170,000 but the business does not have this amount on hand. They borrow the money from Harry at an interest rate of 15% p.a. Is there any problem with this agreement?4. George wishes to leave the stud and take up acting. He wants to make sure he is not "liable for any debts incurred before or after he leaves". What can George do to protect his interests? How can George get his money out of the business. Answers: 1.Issue The issue of this case study determines whether Kate, William, Harry and George can constitute as partners. Rule As per the Partnership Act, the term Partnership defines a situation where there must be a relationship between those individuals who have accepted the conditions on sharing the profits of a business that is executed by everyone. Therefore, a partnership arises due to five necessary elements as per section 51 of the Australian Partnership Act, 1958. Firstly, partnership is considered to be an outcome of a contract. It does not arise from any process of law. For instance, at the time of the fathers death, who was a partner of that particular company, the son has the power to inherit or claim the share in the partnership property but he will fail to become a partner unless he enters into a contract with the concerned persons. Correspondingly, individuals carrying on a family business cannot be known as partners since the link did not arise from any contract. As a result, a contract is a mandatory ingredient in forming partnership. Secondly, minimum of two persons are required to consti tute a partnership since that is the result of a contract. Individuals who are eligible to contract can enter into a contract of partnership. Persons entering into the contract can be either artificial or natural. In the case of Griffiths CJ in Land v James Morrison Co Ltd (1911),it stated that when a partnership firms enter into contracts of partnership with another partnership individual, the members of the firm become partners in their own capacity. Thirdly, the parties should agree to carry on the business. If a handful number of individuals agree to share the income of a specific property for dividing goods that were purchased in bulk against them, then there will be no partnership. Such individuals cannot be called partners. The work must be divided equally among the partners. Fourthly, it states that an agreement should carry on its business with the purpose of sharing profits among all the partners. Therefore, partnership will not exist if the business is carried on with a motive and not for obtaining profits. For a partnership to arise, it is not mandatory that the partners will agree to share and distribute the losses. There must be a partnership deed, which will state in which manner the profits, and losses should be distributed. Lastly, all the partners should carry on the businesses or any of them acting for them which means that it must be a mutual agency. Each partners are said to be both an agent and principal the rest of the other partners and himself. Application Kate, William, Harry and George will not be considered to be partners as the business Tall Oaks ran by them was not registered as a business name. Hence, they cannot be called as partners of the company. Without the company being registered, the individuals will not be treated as partners. Unless these terms and methods are applied, a business cannot be formed into a partnership. Hence, all four of them will not be treated as partners as well. Kate, William, Harry and George needs to register their business first otherwise, which it will not be considered to be a proper company. Conclusion It can be concluded from the given case study that without getting the company registered, four of them will not be treated as partners. 2.Issue The issue in the given scenario deals with a situation of who will be liable to pay for the designer dress worth $7000, which Kate bought in credit. Rule According to the law of agency, it is referred to an area of commercial law that is associated with a set of contractual and non-contractual fiduciary relationships that includes a person who is known as an agent. The work of an agent is to act on behalf of another in forming legal relations with another third party as described under section 64 of the mentioned Act.. If Kate does not pay the credit amount of the designer dress then all the other members will be liable to clear the credit. From then onwards the rest will have to compensate and clear off the debt of Kate. The other members will act as the agents of Kate since they are the remaining owners of their business stud business. Agency Law can help her to clear the debts for buying an expensive dress worth $7000. It has been proved in the case of Pioneer Concrete Services v Galli. Application In this given scenario, it can be stated that only Kate will be liable to pay this debt for buying the dress on credit. However, she did not discuss about the purchase with any of the members. William, Kate, George and Harry own the business. Therefore, all four own the business them equally since Edna Barcoo their grandmother had divided her estate equally to four of them. The liability authority rests with all the four existing members of the business but since Kate got the dress for a cocktail party that she organized, she herself will be liable for it and not others. All four of them equal share of Ednas estate. Even if the other three members pay the debt of the dress, Kate can keep the partnership binding. Conclusion It can be concluded that being one of the owners of the business of the stud Kate will have the authority to bind the partnership by using the Agency law 3.Issue The issue of this question deals with whether Harry will be able to advance the money to partnership for acquiring a new breeding horse. Rule As per section 32 of the Partnership Act 1958, it has been observed that a partner can lend money for the benefit of the company. Operating agreements is a contract that exists between two or more partners in a company as seen in the case of Checker Taxicab Ltd v Stone. However, Kate, William, George and Harry are not considered to be as partners since their business is not registered. To buy the new breeding horse, if they require the money they have to create a contract with Harry since he will be lending an interest rate of 15% per annum. If there is no agreement created referring the issue then they have to create the contract. Application In the given case scenario, borrowing money from Harry at an interest of 15% will be allowed since if an agreement is made between them regarding this. The Authority and power will be vested with Harry since he is the one lending the money to the other members of the business for the beneficial of the business. Although the rights and powers lies with other members as they are a part of the contract but he upper hand is vested with Harry. Conclusion It can be concluded in this scenario, that as per the Partnership Act, 1963 Harry will be able to advance money to the partnership as per the agreement. 4.Issue The issue in this given case scenario deals whether Section 12 of the Partnership Act, 1963 will come into action if George leave the stud. Rule As per the Partnership Act, 1958 the section 12 will be applicable if George wants to leave the stud. He wants to ensure that he is not liable for any debts that is being incurred before and after he leaves. George can protect his interests and take out the money based on Section 12 of the Act as seen the case study of Re Fisher and Sons. Therefore, in case of on going partners the general rule states that if the debt or liability has been incurred after the partner has left the business then that partner will not be liable for the same reason. Correspondingly, if the partner has created any debt or liability before leaving the company, then that individual will be liable. An agreement of novation must be formed between the parties. The partner at the time of the contract, creditor of the partnership comes into existence with the creditor and an incoming party. By a novation agreement, a creditor can agree on the fact that the liability of a partner who is leaving or a previous partn er has to finish and a new partner should be taken up. Application Before George leaves the business he should clear the debts as much as possible otherwise he has to back out from the business at that very moment. A notice needs to be provided to the other existing members of the company. There has to be an existing Contract between the parties. Every partner has a right to be involved in the process and conduct of the business. Every partner is also bound to focus on his duties in the conduct of the business. Thirdly, as per the Act every partner has a right to have access in inspecting the books and copies of the firm. George have to resign from the partnership deed and take out his share of money and interest out of the business. To make sure that he is not liable for any debts incurred before and after he leaves, he has to form a contract with the other partners as per the rule of the Act Conclusion It can be concluded stating that George can clear out the debts and liabilities before leaving the business if he wants to. References: Pioneer Concrete Services v Galli [1985] VR 675 Re Fisher and Sons [1912] 2 KB 491 Checker Taxicab Ltd v Stone [1930] NZLR 169 Griffiths CJ in Land v James Morrison Co Ltd (1911) 13 CLR 1