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New central bank act 1

New central bank act 1

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NEW CENTRAL BANK ACT (RA 7653)

CHARACTERISTICS OF BSP

✓ Public corporation (special law)

✓ Full GOCC (50B capital stock)

✓ Governed by Monetary Board (7)

✓ Fiscal and administrative autonomy

✓ 5-yrs exempt from taxes

✓ Import-export of notes, coins, etc: fully exempt

from Customs

DON’TS (BSP)

× Take part in election except to vote

× Acquire shares

× Participate in management of any enterprise

× Development banking and financing

PRIMARY OBJECIVES OF BSP

o Policy directions

o Supervision of banks

o Maintain price stability

o Promote and maintain monetary stability and

convertibility of peso

MONETARY BOARD

COMPOSITION

- 7 members appointed by President

- BSP Governor (chairman)

- Another Cabinet member

- 5 members from private sector

TERM: 6 years

QUALIFICATIONS

✓ Natural-born citizens

✓ BSP Governor: 40 years old

✓ All other members: 35 years old

✓ Good moral character

✓ With recognized competence

INHIBITIONS AND DISQUALIFICATIONS

o Members coming from private sector shall not

hold any other public office during their tenure

o Has substantial interest in any private bank

within 1-yr prior his appointment

o Has substantial interest in any private bank

within 2-yrs after expiration of term except

when serving as official representative of PH

Government to such institution

OTHERS

- with President’s approval, the board shall prescribe the

notes and coins’:

✓ Denomination

✓ Designs or inscriptions

✓ Weight or fineness

✓ Printing or minting of coins

LEGAL TENDER

o 5/10/25 cents: up to P100 only

1/5/10 pesos: up to P1,000 only

For paper bills: unlimited

o Checks: not legal tender

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NEW CENTRAL BANK ACT (RA 7653) CHARACTERISTICS OF BSP ✓ Public corporation (special law) ✓ Full GOCC (50B capital stock) ✓ Governed by Monetary Board (7) ✓ Fiscal and administrative autonomy ✓ 5-yrs exempt from taxes ✓ Import-export of notes, coins, etc: fully exempt from Customs DON’TS × × × × (BSP) Take part in election except to vote Acquire shares Participate in management of any enterprise Development banking and financing PRIMARY OBJECIVES OF BSP o Policy directions o Supervision of banks o Maintain price stability o Promote and maintain monetary stability and convert ...
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National Paralegal College Smith v Johnson Case Applicable Law Memo

From: Boss Partner To: Paralegal Date: 02/28/YR01 Re: Smith v. Johnson Well, those settlement negotiations didn't go very ...

National Paralegal College Smith v Johnson Case Applicable Law Memo

From: Boss Partner To: Paralegal Date: 02/28/YR01 Re: Smith v. Johnson Well, those settlement negotiations didn't go very well, did they? That was nasty. We’re really earning our money on this representation. I think we can assume that we will have to answer the Complaint unless we can get it dismissed. Just in case we can't get the case dismissed on jurisdictional grounds, we may still be able to get the various tort counts against Jane dismissed. If the case ever goes to a jury, I wouldn't count on Jane and her business idea as coming across as very sympathetic. Since I will be drafting the part of the motion to dismiss the Complaint against Jane based on lack of jurisdiction, I would like you to take a stab at drafting the part of the memorandum in support of a motion to dismiss all of the tort causes of action. By way of review, Douglas Smith has alleged the following tort causes of action against Jane- Defamation - based on Jane's allowing Brenda James’ review of him to reside on her website - Invasion of privacy - based on Jane’s allowing Douglas’ name, address and vehicle information to be published on her website. - Invasion of privacy- based on Jane's allowing the video of the Smith’s profanity laced rant against Brenda to remain posted on Jane's website. - Misappropriation of name and likeness - based on Jane allowing a video of Douglas to remain on her commercial site, thereby making money off of his name and likeness. - Intentional infliction of emotional distress Based on all your prior research, you should have a really good feeling for the law involved and how it applies to Jane's potential liability. The discussion in your earlier memo about that federal statute was really helpful. However, make sure not to base the entire motion to dismiss on that statute. Although you may want to draft a separate section arguing that all of the tort causes of action should be dismissed based on the statute, we nevertheless want to also argue separately that those causes of action should be dismissed on traditional California state law grounds. I’ll review and edit it of course, but when writing it, pretend you’re writing to the court and that it would be submitted with no review. Thank for your assistance! B. Partner

APA or MLA format paper 1,500, psychology homework help

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APA or MLA format paper 1,500, psychology homework help

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HC 366 Herzing University Week 6 Team Building Discussion

Unit 6 Discussion - Team Building44 unread replies.55 replies.Team BuildingThe implementation process of any change requir ...

HC 366 Herzing University Week 6 Team Building Discussion

Unit 6 Discussion - Team Building44 unread replies.55 replies.Team BuildingThe implementation process of any change requires a team focus. Any successful team requires the time, training, and attention to allow all members to work together comfortably and ensure that any project undertaken will be successful.Instructions: Consider the EMR implementation scenario. What two team building exercises would be beneficial for the office staff to undertake prior to the implementation of the proposed change?Identify two team building exercises and summarize each one.Explain how the office team would benefit from each exercise.Discuss potential pitfalls of each exercise that may negate the process.Please be sure to validate your opinions and ideas with citations and references in APA format.Estimated time to complete: 1 hour, 30 minutesThis topic is valued at 40 points. Please review post and response expectations. Please review the rubric to ensure that your response meets criteria.Cite any resources/references in APA formatting that were used in the discussion - if applicable.Peer Responses/ParticipationDue SundayInstructions: Read the initial posts made by classmates and respond to at least three with the following: Comment on each team building exercise by explaining how the manager could approach it differentlyDiscuss one additional team building exercise and how it could work for the office teamPlease be sure to validate your opinions and ideas with citations and references in APA format. Estimated time to complete: 45 minutes x 3 (2 hours,15 minutes total)Please review post and response expectations. Please review the rubric to ensure that your response meets criteria.

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National Paralegal College Smith v Johnson Case Applicable Law Memo

From: Boss Partner To: Paralegal Date: 02/28/YR01 Re: Smith v. Johnson Well, those settlement negotiations didn't go very ...

National Paralegal College Smith v Johnson Case Applicable Law Memo

From: Boss Partner To: Paralegal Date: 02/28/YR01 Re: Smith v. Johnson Well, those settlement negotiations didn't go very well, did they? That was nasty. We’re really earning our money on this representation. I think we can assume that we will have to answer the Complaint unless we can get it dismissed. Just in case we can't get the case dismissed on jurisdictional grounds, we may still be able to get the various tort counts against Jane dismissed. If the case ever goes to a jury, I wouldn't count on Jane and her business idea as coming across as very sympathetic. Since I will be drafting the part of the motion to dismiss the Complaint against Jane based on lack of jurisdiction, I would like you to take a stab at drafting the part of the memorandum in support of a motion to dismiss all of the tort causes of action. By way of review, Douglas Smith has alleged the following tort causes of action against Jane- Defamation - based on Jane's allowing Brenda James’ review of him to reside on her website - Invasion of privacy - based on Jane’s allowing Douglas’ name, address and vehicle information to be published on her website. - Invasion of privacy- based on Jane's allowing the video of the Smith’s profanity laced rant against Brenda to remain posted on Jane's website. - Misappropriation of name and likeness - based on Jane allowing a video of Douglas to remain on her commercial site, thereby making money off of his name and likeness. - Intentional infliction of emotional distress Based on all your prior research, you should have a really good feeling for the law involved and how it applies to Jane's potential liability. The discussion in your earlier memo about that federal statute was really helpful. However, make sure not to base the entire motion to dismiss on that statute. Although you may want to draft a separate section arguing that all of the tort causes of action should be dismissed based on the statute, we nevertheless want to also argue separately that those causes of action should be dismissed on traditional California state law grounds. I’ll review and edit it of course, but when writing it, pretend you’re writing to the court and that it would be submitted with no review. Thank for your assistance! B. Partner

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See attached file for instructions

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