Common law and equity Essay Example | Topics and Well Written Essays - 1000 words

Common law and equity - Essay Example Equity was developed in order to overcome the inadequacies of common law. Equitable remedies are available in a number of areas where common law is either incapable of providing justice or is not faultless in providing justice to the individuals. The main purpose of equity jurisdiction is to support the existing laws. Equity was developed to propose principles that are either ignored by common law or not formally accepted in that set of law. Moreover, equity proposes certain remedies that are unavailable in common law. In certain circumstance, common law decisions or remedies are insufficient to provide justice to the innocent (Hudson, 2009). For instance, in the matters involving mortgages, where the lenders are to a piece of land as a security of the loan granted, the principles in equity and common law greatly distinguish from each other. Let’s assume that Angelina grants a loan of $5,000 to Joseph, after considering a piece of land as a security that worth $8,000. Accordin g to the contract, the land in question would be legally transferred on the name of the lender (Angelina), on the terms that she would retransfer the land on Josephs name if he repays the loan in the specified time. If Joseph fails to repay the loan in the specified time, common law gives no entitlement to Joseph for the land that was conveyed and the duty to repay the loan still exists. However, equity practices such situations in a different and more reasonable manner. According to the rules of equity, Joseph would be given another chance to repay the loan in a new specified time. If Joseph still fails to repay, the land which was let for security will be sold and the loan will be repaid. The additional amount would be given to Joseph as it belongs to him. It is not just the matters of mortgages where equity provides a more reasonable and just decision but it also works better in many other areas. Equity and common law are not only different in terms of laws and

One area of my business that I would like to change. The necessities Essay

One area of my business that I would like to change. The necessities of staff change - Essay Example In order to stay in a competitive market, fine tuning of business strategies or implementation of changes are necessary. I am running a Honda cars sales outlet at present and I would like to change the sales staff completely to promote more sales. My existing sales staffs are not competent enough to capture more business in this ever changing competitive market. Majority of them are more than 45 years of age. This paper describes why I want to implement a staff change in the sales department. The necessities of staff change Traditional Sales Mind-set always delivers a strong sales pitch. New Sales Mind-set stops the sales pitch -- and start a conversation. Traditional Sales Mind-set always looks for closing the sale. New Sales Mind-set is always to discover whether you and your potential client are a good fit (Galper, 2011). Relationship building is accepted as the core of every business activity at present. In other words, building strong relations with the customers is necessary fo r the benefit of a company. In this extremely competitive world, the value of customers is increasing rapidly. No organization can sustain its operations if it fails to attract a substantial volume of customers. My sales staffs are following the traditional patters of sales management. They are more interested only in capturing business than servicing the customers after the sales. In their opinion, their duty is over once they bring enough sales to the company. I got many complaints from different customers about the reluctance of my sales staff in servicing them after the closing of sales. The mind-set of my existing staffs needs to be changed completely. Even though I tried to empower them with the help of modern training methods, it is difficult for them to change their traditional methods and attitudes. A new sales team with ample knowledge in modern sales management techniques may serve better than my existing sales team. With superior knowledge in modern communication channel s and technologies, a new sales team would