History Essay Example | Topics and Well Written Essays - 1000 words - 3

History - Essay Example In the then society, — between the early 19th century to the mid 20th century — there were many technologies invented in the US, such as railroads, airplanes, refrigerators, textile mills and telephones among others. Similar to other technologies, telephones brought a dramatic change in the economic pattern of the US by influencing its societal relations as well as economic developments by a substantial extent (Lasen, 2001). Emphasizing the aforementioned notion, this discussion henceforth will aim to provide with an insight about the impact of telephone, as an innovative technology, on the 19th century American society, i.e. at the time of its invention. Importance of Technology In the year 1876, Alexander Graham Bell invented telephone, which was used to communicate with people in distant places. After the invention of telephone, President Rutherford, on viewing it for the first time quoted, â€Å"That’s an amazing invention, but who would ever want to use one of them† (Elon University, n.d.). ... The telephone technology required no third party operator, as a direct communication was possible with the recipient(s) at the other end, which the postal mode lacked to a great extent. Additionally, unlike postal modes, telephone users did not require literary knowledge of writing and reading, which was a major advantage in the 19th century American society, especially for women. Hence, a strong need for telephone was felt by every individual, which could make their life much easier and convenient (Kang, n.d.). The telephone technology bought with itself an industrial revolution in America in the 19th century with the formation of American Bell Telephone Company. As a matter of fact, the importance of telephone was felt by the government as well, owing to the fact that this technology permitted communicate easily, with minimum chances of misinterpretation, and in a secured way assuring confidentiality along with time-efficiency. The technology also proved to be helpful in mitigating the limitations of geographic distances to a substantial extent, even though the telephone technology was not as advanced as it is today in communicating with people at distant places. Subsequently, the telephone industry saw a rapid growth in America as people were not only using this technology in their professional lives, but were also readily adapting the same in their personal area (Elon University, n.d.). Competencies and Setbacks of the Telephone Technology Telephone had given emphasis to true communication, which means a regular speaking and listening interaction within a group of people (Kang, n.d.). The telephone technology also enhanced the time efficiency of communication channels as now information could be send within few seconds from one

Law of Investment Assignment Example | Topics and Well Written Essays - 1750 words

Law of Investment - Assignment Example Issues under the Relevant Legislation and the Law Relating To Negligence, Contract and Fiduciary Duty It is clear that there are legal issues in this case that concern fiduciary duty and negligence law. In the first place, the case states expressly that there is a contract between Charlie and Denise, or Bandito Financial Advisors and Planners. The agreement meets all the legal elements and felicity conditions needed to make a contract. Specifically, there is an offer being advanced for an acceptance. On the one hand, Denise and her financial advisory company are extending an offer to Charlie, the offer being the issuance of financial advice. Charlie, on the other hand, remits 300,000 dollars to Denise, thereby signifying his acceptance of the offer. The advisory services offered by Denise and the money exchanged signify the cooperation, as both Denise and Charlie are of legal age and sound mind. The latter means that they have entered a legal relation. There are formalities in the ag reement, and both parties entered the agreement intentionally. Again, there is a profound aspect of certainty. The Sales of Goods Act of 1896 clearly specifies all these conditions, thereby making the agreement between Charlie and Denise a full-fledged contract. ... A prudent and reasonable legal person could have ensured that it meets all the aspects of the bargain that were in the contract. Again, according to the Australian tort law, Denise and her company will be found guilty of having used misrepresentation. Misrepresentation may, in turn, emanate from the use of deceit, defamation, negligent advice, innocent misrepresentation, passing off and injurious falsehood. In the case at hand, it is clear that Denise used injurious falsehood since she presented herself as a licensed and qualified financial advisor, yet she is not. Australian tort law is strict in relation to negligence, since it acts on both willful failure and failure that stems from an oversight (Marshal 525). In the determination of negligence, the case Jaensch v Coffey set precedence that has been followed heretofore. In this case, there must be the determination of proximity between the defendant and the plaintiff as being sufficient enough to cause injury or loss to the plaint iff. In this case, it is obvious that Charlie and Denise interacted (in order to enter a contract of financial nature). It is this interaction that directly led to Charlie’s forfeiture of his 300,000 due to Denise’s injurious falsehood. In this case, the forfeiture of the money amounts to harm. Denise also uses negligent advice to rid Charlie of his money. She, for instance, wrongly advises Charlie that upon investing 300,000 dollars he will be able to make 10% profit during the first year and 25% profit by the third year. The culpability of Denise and her advisory agency is further compounded when the concept of fiduciary is introduced. By the term fiduciary duty, it is meant that the