Finance law Essay Example | Topics and Well Written Essays - 500 words

Finance law - Essay Example zation of banking and the system of accounts but is not applicable to the relationships between the banking institutions and recipient’s, not loans or between clients settling accounts. The law covers the following subsections, legal regulation of an organization’s income and expenditures. It deals with the budget laws, foreign exchange legislation and the legal grounds of credit in institutions, companies or State. There are several instances in the case study where financial law applies. First, the Northpic bank limited is in the record for providing financing facilities to the Q companies for a number of years in the form of loans. Loan agreements, debentures and letters of credit signed between the two organizations involves documentation, which is a part of financial law (Bamford 2011, P.4). A financial lawyer offers advice to the two companies on local law issues, and from other professional stakeholders. Financial law manifests through the legal grounds of credit set by the signing of the corporate treasury agreement document between Tco and the Q group of companies. A financial lawyer witnesses the signing of the agreement. He or she ensures the execution of the terms in the agreement throughout the contract span of duration. Financial law articulates for honoring and keeping of the agreements through a legal perspective (Ryder, Griffiths, & Singh 2012, p. 344). It is a type of fiscal security to the parties involved. Another instance where finance law is evident from the case study is the Risk transfer process where Northpic transfers risks to the Southpoc. A financial lawyer oversees the signing of the Risk transfer document and files a copy binding the two institutions together. Southpoc deciding that it wants some security and requires Tco to pledge a deposit maintained by Eastpac, another bank requires application of financial laws. Security law is a subsection of the financial law and ensures that the organizations involved in a given financial

Observers Paradox and Ways to minimize its Impact in Collection of Essay

Observers Paradox and Ways to minimize its Impact in Collection of Live Speech Data - Essay Example Therefore, the collection of live speech data is an indispensable data collection method that makes the overarching aims of sociolinguistic study attainable. For instance, speech data helps the researcher unravel elements of the social milieu and shared perspectives that define a community. However, the awareness that the participants are under observation impacts on the way they speak and what they speak about, an effect called the Observer’s Paradox. A famed sociolinguist, William Labov, was the first to discuss the paradox in detail. Labov observed that the use of systemized observation had an impact on the way respondents made use of their sociolinguistic abilities, in a way that could profoundly distort the nature of the data collected. This, he noted, could dent the validity of the research in question. This research seeks to discuss the Observer’s Paradox in the context of collecting speech data and explore some ways in which a researcher can roll back some of it s negative effects in sociolinguistic research. INTRODUCTION Observer’s Paradox is a term attributable to the linguistic researcher, William Labov. The term describes the situation whereby the observation of an event by a researcher in a controlled experimental situation fundamentally alters the natural way in which the event occurs. This transformation, especially in sociolinguistic behavior, impedes the collection of accurate data on the subject. Consequently, the effect arouses much concern in the linguistic research community. According to Labov (1), linguistic research should aim to reveal how people talk without the influence of systematic observation, even though data is unobtainable without systematic observation (Labov, 1). Hence, Observer’s Paradox poses a challenge to sociolinguistic researchers, and ways to circumvent the hurdle are necessary to maintain the validity of research with regard to accuracy and ethical codes that govern empirical research. One of the broad aims of sociolinguistic research is to observe lin guistic elements in a community. The elements under empirical scrutiny occur normally, although they are usually unnoticeable outside the confines of systematic controlled observations (Sheffield university, 1). This necessitates the introduction of statistical research methods such as data collection through recording of live speech data. By extension, this means the introduction of a third party to the social setup within which these linguistic factors occur. The disruptions of the natural conditions that define sociolinguistic elements in a community are not dismissible, and can influence the intimate understanding of a community’s sociolinguistic landscape. Sociolinguistic studies are rarely quantifiable, therefore qualitative data collection method remains the best option for many researchers. Speech data is one of the strongest methods through which sociolinguistic data is obtainable. Unfortunately, the method of data collection is one of the major in which the effect o f Observer’s Paradox happens. Since the effect's initial observation in Labov’s seminal work on qualitative sociolinguistic work, Observer’s Paradox has attracted considerable attention from the linguistic research community (Labov, 92). Presently, the issues pertaining to the paradox and the consequential ways in which the effects of the effect are eliminable in sociolinguistic research are plentiful. This research seeks to discuss the various issues that are attributable to Observer’s Paradox, and some of the ways in which the negative attributes of the