Corporation Law Appleman on Insurance Law

Question: Examine about the Corporation Law for Appleman on Insurance Law. Answer: 1(a): Jane went abroad and keeping in mind that going she offered her Lotus Super 7 to Jack. The market estimation of the vehicle in great condition is 25000 dollars. Jack acknowledged the offer. Depending on the realities expressed, the issue that emerges here is, regardless of whether an enforceable understanding exists among Jane and Jack or not? For presence of a legitimate agreement, it is significant that the important components of a lawful agreement be satisfied. Of all the current components of a substantial agreement, thought is one of the most significant components that ought to be satisfied (Deakin and Morris 2012). Thought is the advantage that one of the gatherings to the agreement gets in return of an arrangement. For instance, An offers B a PC at 500 dollars. B acknowledges. For this situation, An is the offeror and B is the offeree. B being the offeree will pay the measure of thought to An at the hour of purchasing the PC. An agreement without thought is no agreement by any stretch of the imagination (Furmston, Cheshire and Fifoot 2012). This implies an agreement where thought is missing is a non-enforceable agreement according to law. An agreement where thought is missing is once in a while alluded to as needless thought or blessing and the agreement becomes non-enforceable in Court. An unwarranted thought is a thought that can't be recuperated on any injury, misfortune or burden to the next gathering (Appleman et al. 2015). On account of, Thomas v. Thomas, it was held that an agreement between two individuals wherein thought is unnecessary in nature then such an agreement isn't enforceable. In this manner, it very well may be held that the agreement that existed among Jane and Jack isn't enforceable as the thought in their agreement is needless in nature (Hudson 2012). 1(b): Jane offered Jack her Lotus Super 7 for 25000 dollars. The market estimation of the vehicle in great condition is 25000 dollars. Jack acknowledged the offer. In view of the realities, the issue that emerges here is, regardless of whether an enforceable understanding exists among Jane and Jack or not? To make an agreement lawful, enforceable and official according to law, it is significant that the lawful customs be satisfied. Coming up next are the imperatives to make an agreement lawfully official and enforceable according to law: Offer Acknowledgment Lawful Competency Thought Nonappearance of extortion or pressure Offer methods an offer or a guarantee that is made by the offeror as an end-result of thought of the guarantee made. Acknowledgment implies consenting to the thought to be paid to the offeror by the offeree and furthermore concurring for the guarantee that will be paid by the offeree (Burrows 2016). Thought implies cost paid by the offeree to the offeror consequently of some guarantee or administration (Burrows, Todd and Finn 2012). In the given contextual investigation, Jane was the offeror and Jack was the offeree. Jane makes the proposal to Jack to sell his vehicle for 25000 dollars as thought cost. Thus, it might be held that the legitimate custom of offer, acknowledgment and thought was finished as a major aspect of the arrangement of agreement. The contextual investigation shows no impression of the way that the agreement was prompted by compulsion or misrepresentation. In this way, it might be presumed that a lawful, enforceable and legitimate agreement existed among Jane and Jack. If there should be an occurrence of break of agreement, any of the gatherings may record a suit against the other for authorizing the legally binding rights as expressed in the terms and states of the agreement. 1(c): Jane offers to sell Jack her Lotus Super 7 games vehicle for 2500 dollars. In any case, the market estimation of the vehicle is 25000 dollars. Jack acknowledged the proposal of Jane. In light of the realities, the issue that emerges here is, regardless of whether the thought on which the agreement is based is adequate or not? The agreement law lays no limitation on the gatherings to the agreement as long as all the fundamental requirements of the legitimate agreement are satisfied. According to the general standard, the offeror figures the measure of thought and requests the cost from the guarantee dependent on achievable and justifiable computation (Swain 2013). The motivation behind why the promisor does the figuring is that he will get the value that is paid in kind of the products or administrations that is advertised. The offeree or the promisee doesn't have the force and position to choose the measure of thought; in any case, he may deal the cost of thought in the event that he feels that the cost isn't adequate (McKendrick 2014). Adequate thought is a thought that is esteemed by law to be of significant worth in to help an ordinary agreement between parties (Davies 2016). In the milestone judgment chose by Lord Somervell, in the year 1959, on account of Chappel v. Settle it was held that even a peppercorn could be viewed as a significant and legitimate thought as it sufficiently adequate if the promisor or the offeror has estimated it and concurred for the equivalent (Swain 2015). In this manner, if a thought is a specification of the promisor it will be viewed as legitimate except if the thought isn't unlawful. In addition, it is significant that the thought ought to be of some an incentive according to law. It is frequently observed that a decent thought is illusionary in nature and it ought not be a simple figment it ought to be acceptable as a general rule (Hoeben, Hayes and Domingos 2014). Also, in the given contextual analysis, it might held that thought offered by Jane to Jack was substantial and significant according to law as Jane herself determined the measure of thought and in essence the measure of thought was not unlawful. Accordingly, a legitimate and enforceable agreement existed among Jane and Jack. 2: An agreement was shaped between the shipbuilder and the purchaser for building a big hauler for North Ocean Tankers. The thought of the agreement was in US dollars and it contained no arrangements with respect to issues relating to cash changes. While the developer was most of the way on its development, the US dollars debased by 10 percent. Since the manufacturer understood that he was making a misfortune in the agreement, it requested for the slack in the measure of thought and expressed it would not continue with the development of the work. The purchaser around then consented to pay extra. Be that as it may, the purchaser initiated an activity against the manufacturer simply following nine months of the conveyance of the big hauler. Contingent upon the realities expressed for the situation concentrate over, the issue that emerges here is whether, the purchaser will be effective in recouping the abundance or not? According to the conventional meaning of thought, it implies advantage that is acquired by the promisor at the inconvenience of the guarantee (Bagchi 2013). This is viewed as the most ideal approach to make an agreement enforceable. A minor guarantee gets illicit in the event that it isn't guided by thought. On account of Currie v. Misa, it was held that a thought to be significant it should comprise of some privilege or enthusiasm for the upside of one gathering making disadvantage the other party (Palmer 2013). In any case, this definition isn't finished and adequate in light of the fact that it's anything but a total definition. On account of Stilk v. Myrick, two mariners surrendered the boat during the journey to London and the commander guaranteed them to share their wages between the team on the off chance that they consented to proceed with the journey. In any case, the Captain neglected to stay aware of his guarantee (Crawford 2015). The instance of Stilk v. Myrick can be separated with the instance of Hartley v. Ponsonby, wherein the Court held that a guarantee to pay extra could be made enforceable just if legitimate advantage is recognized. In the milestone instance of Universe Tankships Inc of Monrovia v. Global Transport Workers Federation, the offended party recorded a suit against the respondent for recuperation of the sum that he paid in extra to the litigant when he requested for it. The litigant utilized coercion and undermined the offended party that he would not discharge the boat except if the offended party consented to pay the additional sum that the offended party requested. When the lit igant requested the cash, he consented to pay the equivalent; notwithstanding, later the offended party documented a suit for recuperation and he won the case as the respondent utilized monetary pressure to get the measure of thought from the offended party (Finch and Fafinski 2016). Also, on account of Williams v. Roffey Bros and Nicholas (Contractors) Ltd, the issue was identified with the utilization of monetary pressure and summon of tenet of thought. In the given case, an understanding was shaped between the essential contractual worker and the sub temporary worker. The underlying measure of thought of the agreement was 20000 pounds. The agreement was identified with do a carpentry work. On a later date, the sub contractual worker understood that the agreement for thought was not adequate and he requested the equivalent from the offended party. The essential temporary worker consented to pay the sum in overabundance, as he feared the punishment that he may need to pay for causi ng delay in crafted by the sub contractual worker. Later the central contractual worker recorded a suit against the sub temporary worker for recuperation of the sum in abundance. He prevailing as the Court held that the agreement was actuated with financial coercion making the thought void (McLauchlan 2015). For the situation investigation of North Ocean Waters also, there was probability that the North Ocean Tankers may endure a misfortune if the manufacturer prevented development from claiming the equivalent. Along these lines, for this situation the tenet of monetary coercion and thought was conjured. For this situation, there was arrangement of two agreements, one agreement was between the big hauler and the manufacturer containing the first cost of thought without having the arrangement of money changes and the second agreement wherein the developer requested additional measure of the thought. Like it was held on account of Universe Tankships Inc. of Monrovia v International Transport Workers Federation and Williams v Roffey Bros Nicholls (Contractors) Ltd that an agreement which has contribution of economi

Building Your Power Team Essay - 550 Words

Building Your Power Team (Essay Sample) Content: One of the major factors influencing success in any organization is a having an excellent team of experts at disposal. Creating a 'power team' is crucial to the development of a successful business, and companies will certainly be lost without professionals to advise and guide them on the entrepreneurial journey (Sheridan, 2012). Therefore, Corporations should provide whatever resources needed in building their own 'power team'. However, the question on the proper tools and resources remain unanswered. How can companies identify, recruit, and retain the right people for every position? How can they conduct interviews to identify the right talents and make the best hiring decisions? How can they motivate teams in achieving and sustaining powerful performance? How can companies exploit on the diversity and strengths of team members in achieving results? These questions form the basis of this study.Hiring talented people is crucial to business success. Nevertheless, be fore hiring the most talented individuals, they have to first recruit them. Recruitment of employees can be a challenging exercise, particularly filling certain kinds of jobs. As such, recruiters are faced with making critical decisions, comprising whom to target, the kind of information to convey, and how to supervise recruitment processes. If done improperly, a companyà ¢Ã¢â€š ¬s recruitment efforts can yield employment candidates who are less qualified, lack diversity or who may fail to accept job offers. Similarly, these contenders may be susceptible to turnover if hired. Poor design of recruitment efforts can miss qualified and talented job applicants, which comprise of those working for competitors since they will never discover that there is a job opening. The second crucial step in the hiring process is interviewing. According to Arthur (2012), an interview is described as an official conversation with an individual, intended to obtain information or evaluate their suitabil ity for the position. Job interviews are essential to help employers to extract first-hand information and facts about a potential employee. Also, it helps the candidates to get much information about the company or organization before making a decision to join them. Corporations and recruitment agencies lays more emphasis on interviews because they are certainly interested to obtaining accurate and necessary about the applicants and also create a good relationship with the potential employees. In addition, it is at this stage that most employers agree on different terms of employment with their potential employees (Kruse, 2012).However, it is not only the hiring process that builds a power team. The workplace is rapidly changing. Companies are acknowledging that besides having the skills and talents to execute a job, employees should be able to fit into an organization and cooperate with their colleagues. Therefore, motivation of employees is crucial to any business. According to T homas (2010), employee motivation is defined as a factor or factors influencing employees to pursue work goals or causing them to act in a certain way. A motivated team implies high productive personnel, all of which will be significant in ensuring that an organization meets its goals. Corporations need to understand what motivates employees to build an effective motivational strategy. Issues of factors that drive them to their maximum performance will help in the development of strategies and programs that motivate and retain the best workforce. Even though not every employee will get driven by the same thing, emphasizing on a list of major motivational programs can be helpful. The significance of employee motivation in the workplace can never be ignored by an organization. Ultimately, motivated employees lead to increased work output, low turnover, and improvement in the overall performance (Evans, 2004)....

Deviance Term Paper - 825 Words

Deviance Term Paper (Term Paper Sample) Content: [Name of the Writer][Name of Instructor][Subject][Date] 1 Explain how deviance is understood as a matter of social definition?From a socialist point of view, it is an unexpected behavior of a person who breaks the laws. The reaction or behavior of an individual is usually negative; however, the behavior could be controlled or changed. 2 From the point of view of functionalist, what are the major positive and negative consequences of deviance?Functionalists lay stress that deviance occurs both positively and negatively. The negative consequences of deviance according to the functionalists are; it undermines the reliability of an individual in a society and is also responsible for creating a chaos in a society whereas it aids in making norms less offensive and more comprehensive and also help in becoming an individual socially different. 3 Generally, what is the perspective of symbolic interactionism toward deviance?Symbolic interactionism refers that deviance is transf erred through adopting a social behavior. Both differential association theory and labelling theory supports this perspective. 4 From the point of view of conflict theory, how are capitalism and deviance related?According to this approach, high valued and powerful individuals of a society are intended to remain powerful. They are the ones who decide the negative behaviors in a deviant and use their power to determine how these negative behaviors should be dealt. 5 Explain the difference between occupational crime and corporate crime?Occupational Crimes: Those criminal activities that takes place in an organization or work places by the people working there.Corporate Crimes: It refers to those criminal activities or negative behaviors of the rich and powerful people or the corporate itself. 6 Discuss how the US compares to other countries in terms of the incidence of crime?According to population, US is the third largest country after China and India.Its crime rate is comparably high er than the other countries. The percentage of crimes is the highest in the entire world. 7 What are the major sources of crime and victimization data in the United States?Fig 1.1 data shows the major sources of crime and victimization in US 8 Briefly outline the strain theory of deviance.According to this theory, when the relation between the goals of a culture and the potentials to achieve these goals seems ineffective by any void means, deviance likely takes place. 9 Hirschià ¢Ã¢â€š ¬s control theory assumes that deviance, or its absence, can best be explained by strong social bonds. What aspects of social bonds does Hirschi think are important?According to Hirschià ¢Ã¢â€š ¬s control theory, there are four essential and significant features of strong social bonds. They are: * Attachment: It refers to the responsiveness of an individual when one becomes judgmental of what others think. * Commitments: It refers to when people usually spent time and energy to value relationships a nd do not want to take any risk by any deviant behavior. For example, people do not want to show their negative behavior towards their families and friends if they commit a crime. * Involvement: It is the third social bond outlined by Hirschi. It says that people who are engaged in positive behavior usually are not engaged in negative social activities. For example, if students are involved in co-curricular activities and not involved in other negative behaviors, deviance is absent in those young people * Belief: It defines that social bond which is seen in people who give more importance to norms and values. Such as young people who avoid committing crimes and take them as wrong behavior and action. 10 How do the differential association and labelling perspectives attempt to explain deviant behavior?Differentiation association holds the view that deviance can be diffused in a society through learned behavior. Cultural behavior such as breaking the law is a learned behavior. Such t ypes of individuals are more exposed to crimes. Deviance Term Paper - 825 Words Deviance Term Paper (Term Paper Sample) Content: [Name of the Writer][Name of Instructor][Subject][Date] 1 Explain how deviance is understood as a matter of social definition?From a socialist point of view, it is an unexpected behavior of a person who breaks the laws. The reaction or behavior of an individual is usually negative; however, the behavior could be controlled or changed. 2 From the point of view of functionalist, what are the major positive and negative consequences of deviance?Functionalists lay stress that deviance occurs both positively and negatively. The negative consequences of deviance according to the functionalists are; it undermines the reliability of an individual in a society and is also responsible for creating a chaos in a society whereas it aids in making norms less offensive and more comprehensive and also help in becoming an individual socially different. 3 Generally, what is the perspective of symbolic interactionism toward deviance?Symbolic interactionism refers that deviance is transf erred through adopting a social behavior. Both differential association theory and labelling theory supports this perspective. 4 From the point of view of conflict theory, how are capitalism and deviance related?According to this approach, high valued and powerful individuals of a society are intended to remain powerful. They are the ones who decide the negative behaviors in a deviant and use their power to determine how these negative behaviors should be dealt. 5 Explain the difference between occupational crime and corporate crime?Occupational Crimes: Those criminal activities that takes place in an organization or work places by the people working there.Corporate Crimes: It refers to those criminal activities or negative behaviors of the rich and powerful people or the corporate itself. 6 Discuss how the US compares to other countries in terms of the incidence of crime?According to population, US is the third largest country after China and India.Its crime rate is comparably high er than the other countries. The percentage of crimes is the highest in the entire world. 7 What are the major sources of crime and victimization data in the United States?Fig 1.1 data shows the major sources of crime and victimization in US 8 Briefly outline the strain theory of deviance.According to this theory, when the relation between the goals of a culture and the potentials to achieve these goals seems ineffective by any void means, deviance likely takes place. 9 Hirschià ¢Ã¢â€š ¬s control theory assumes that deviance, or its absence, can best be explained by strong social bonds. What aspects of social bonds does Hirschi think are important?According to Hirschià ¢Ã¢â€š ¬s control theory, there are four essential and significant features of strong social bonds. They are: * Attachment: It refers to the responsiveness of an individual when one becomes judgmental of what others think. * Commitments: It refers to when people usually spent time and energy to value relationships a nd do not want to take any risk by any deviant behavior. For example, people do not want to show their negative behavior towards their families and friends if they commit a crime. * Involvement: It is the third social bond outlined by Hirschi. It says that people who are engaged in positive behavior usually are not engaged in negative social activities. For example, if students are involved in co-curricular activities and not involved in other negative behaviors, deviance is absent in those young people * Belief: It defines that social bond which is seen in people who give more importance to norms and values. Such as young people who avoid committing crimes and take them as wrong behavior and action. 10 How do the differential association and labelling perspectives attempt to explain deviant behavior?Differentiation association holds the view that deviance can be diffused in a society through learned behavior. Cultural behavior such as breaking the law is a learned behavior. Such t ypes of individuals are more exposed to crimes.

How to Use Lyrical Essay Samples

How to Use Lyrical Essay SamplesThe last thing you need when writing a thesis for a college or university course is to have to memorize a bunch of lyrical essay samples. These samples can be very daunting to look at and understand because they are in rhyme, jest, and also riddle form. There are many ways that you can utilize your personal experiences as well as your current occupation as the basis for your thesis.These sample essays can help you become aware of certain aspects of your particular career that might otherwise get overlooked in a college course. Most of these essays are from students who are currently in the middle of taking their college course. By looking at a sample you can gain insight into how others view the issues and problems of their times.Most of the lyrics in these samples are from the current 'in' generation and are part of a song that has already been covered. This means that most of these lyrics have already been mentioned in the daily news. This can be a g ood place to start getting ideas about your topic because many of these people actually have an opinion on the issues and problems of today.It is important to note that not all of these people think alike so it is important to write in a way that they will appreciate. It is also helpful to find out what motivates them to write their own lyrics. You might even want to consider finding one specific issue that they are passionate about.When you are writing these samples don't feel that they must be at college level syllabus standards. There are many popular artists that are selling records and CDs at a very high rate. By going to these artists you might be able to ask about the topic you want to talk about.Many rappers put their own personal touch on some of their lyrics by starting with a complete rhyme or phrase. This is perfect for those who want to have a quick example of the topic. Once you have the subject in mind then you can build upon that, so you can come up with a more origi nal thesis.The biggest advantage of these samples is that they are written in a rhyme that most college level syllabus will accept. It is a good idea to make use of several lyrical essay samples so that you can come up with several ideas to talk about. Make sure you keep it simple and don't overdo it with the topics you are talking about.

Entertainment Cricket, Circuses And Gambling - 1198 Words

Entertainment: Cricket, Circuses and Gambling Nothing says fun like a long period of peace, prosperity, refined sensibilities and national self- confidence for Britain1 - which is what the Victorian era was. We are not amused, Queen Victoria had allegedly declared when told a funny, but improper anecdote.2 Her subjects, at least, found ways to kill time and amuse themselves - and not always in the form of conquest and plunder, like one has come to expect from British imperialists. In the Victorian era, the British introduced new forms of entertainment, some that still define us today. The British introduced cricket to India in 1721, probably by sailors of the East India Company. The first cricket club, however, was set up in only 1792 and called The Calcutta Cricket Club, where only Europeans could become members. The first match was played between Madras and Calcutta in 1864. In 1877, the Bombay Presidency Match was played for the first time. 3 †¦ it was in Bombay that Indians first began to play the game. At the end of the 18th century the Parsees took on the Eton Ramblers, and in 1848 they formed the Orient Club. As equipment was scarce and expensive, they used cast-offs from the exclusive European Club, Bombay Gymkhana.4 The Parsees secured a victory against the British, and in 1878, visited England, winning only one out of 28 games. However, on their return to India two years later, they won eight out of 31 games with Mehlasa Parvi

The Revolutionary Generation By Joseph J. Ellis - 1350 Words

The Revolutionary Generation Most novels or documentaries regarding the Revolutionary Generation, largely focus on the war for independence, which includes the Continental Congress. Not often in media, does one find a post-war political book. The Founding Brothers: The Revolutionary Generation by Joseph J. Ellis dives in the complexities faced by the Founding Fathers of America. As they saw themselves as brothers (with the exception of Abigail Adams), they often did not agree on most of each other’s ideas. A prime example would be the 1790’s, when America witnessed the birth of political parties. The Founding Fathers encountered numerous tests as they tried to establish a democratic republic, due to the fact of various different visions†¦show more content†¦The danger of politics lead to the principal factor of checks and balances, within the government and Founding Fathers, throughout the â€Å"most crucial and consequential [decade] in American history† (27). Politics were also what lead to the quarrel between John Adams, and Thomas Jefferson. The best resume to having during the early years of the government, was one’s political experience. In the election of 1796, â€Å"Adams was virtually unbeatable,† (180) he had made â€Å"American independence his life’s project† (180). His opponent was Thomas Jefferson, a great friend of Adams. They began their friendship during the Congenital Congress, where Adams himself recommended Jefferson to author the Declaration of Independence. But their friendship flourished when Adams and Jefferson served in Europe. History and the American Revolution had brought these two men together; they were the odd couple of the generation. Prior from running for president, Thomas Jefferson collided and â€Å"his brother from Virginia,† James Madison. As they shared the same beliefs and come from the south, â€Å"Jefferson and Madison had bonded as Virginians† (188). As their friendship grew, they cemented themselves as the leaders of the new found Republica n party. This was the party that opposed the Federalist Party, who’sShow MoreRelatedThe Revolutionary Generation, By Joseph J. Ellis1730 Words   |  7 PagesJoseph J. Ellis, the author of Founding Brothers: The Revolutionary Generation, is an American author and historian. Born July 18, 1943 in Washington, D.C., Ellis would grow up to be one of the best, well-known scholars of America. He began his college education at Yale University, then at the College of William Mary. Ellis works include Founding Brothers: The Revolutionary Generation, American Sphinx, and His Excellency: George Washington. His books have brought his name into one of remembranceRead MoreThe Revolutionary Generation : Joseph J. Ellis1516 Words   |  7 PagesJoseph J. Ellis author of Founding Brothers The Revolutionary Generation is an award-winning author. 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Ellis1479 Words   |  6 Pages In the book â€Å"Founding Brothers† by Joseph J. Ellis, he explores the challenges faced by the Founding Fathers in a series of 6 defining events as they formed a new government for the U.S. after the revolution. Focusing on the more important figures from the revolutionary era, who he calls â€Å"Founding Brothers†, a slight change from the original â€Å"Founding Fathers†. They are as follows: George Washington, John and Abigale Adams, James Madison, Thomas Jefferson, Arron Burr, Alexander Hamilton, and Benjamin

The Legal Framework For E Commerce - 1021 Words

(Political factors: China has strong political system, which can help to boost its economy. Various new regulations are passed in their congress and these formal and informal rules help the economy to become stronger. It has the effective policy for the investors to invest their amount in various industrial sectors and government is also focusing on the development of e-commerce. The government has strong and firm commitment to flourish the business and increase the production of items of different types. The industrial sector has strong and impressive political support, which can help to boost its economies and the right and just regulations can help to keep it on the right path of growth and success) Political factors which impact china are: - Legal issues – the legal framework for e-commerce is still in its early stage. China has little experience for drafting e-commerce legislation for topics like intellectual property rights protection and tax. 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Commerce - The exchange of commodities, buying and selling, of products and services requiring transportation, from location to location is known as commerce. E-Commerce - From a communications perspective, e-commerce is the delivery of information, products/services or payments via telephone lines, Fax, computer networks or any other means. What is Electronic Commerce? From an online perspective, e-commerce providesRead MorePest Analysis of Amazon.Co.Uk994 Words   |  4 PagesBackground E-commerce is transactions conducted via electronic means such as the internet, email and SMS. It is considered to be one of the most important aspects of the internet to appear. As a result, people are able to exchange goods and services immediately regardless of their geographic location and time. More and more businesses conduct transactions on line, with some trading purely on-line thus reducing overheads and administrative costs. 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For example, the Electronic Transaction Act, passed in Jul 98, provides a favourable legal environment for safe and secure e-transactions. * The government provides direct subsidies and fiscal incentives to support companies embarking on e-commerce initiatives. One example of a direct subsidy program introduced is the eBusinessRead MoreCyber Law1506 Words   |  7 Pagesroughly every 100 days, Cyberspace is becoming the new preferred environment of the world.With the spontaneous and almost phenomenal growth of cyberspace, new and ticklish issues relating to various legal aspects of cyberspace began cropping up. In response to the absolutely complex and newly emerging legal issues relating to cyberspace, CYBERLAW or the law of Internet came into being. The growth of Cyberspace has resulted in the development of a new and highly specialised b ranch of law called CYBERLAWS-Read MoreSwot Analysis Of Alibuba In China1093 Words   |  5 PagesIntroduction: In the year 2016, an e-commerce giant held a one-day sales bonanza that outsold Black Friday and Cyber Monday at all US retailers combined. It was not Amazon’s Prime Day; it was Chinese e-commerce company Alibaba’s â€Å"Singles’ Day Holiday,† in November of 2016, where approximately $17.8 billion worth of goods were sold, according to Business Insider (http://www.businessinsider.com/amazon-prime-day-vs-alibaba-singles-day-2017-7). Alibaba, founded in 1999 by Jack Ma to connect Chinese manufacturersRead MoreThe Global E Commerce Industry1104 Words   |  5 PagesThe advent of the Internet brought about radical changes in the everyday lives of people exposed to it. Businesses too, were affected by the phenomenon. One of the effects was the revolutionary inception of online marketplaces. The global e-commerce industry is currently worth $1.6 trillion and is expected to grow at a rate of 20% in 2015 and maintain the double-digit growth rate for the foreseeab le future. The top three online marketplace companies by revenue as of 2014 are Amazon (U.S.), JD (China)Read MoreInformation And Communications Technology ( Ict ) For Market Access And Information Essay1699 Words   |  7 Pagessuch as high cost of equipments, limited ICT literacy, poor infrastructure, lack of government regulations for e-commerce and ICT, and poor integration into business processes (Kotelnikov, 2007). This paper aims to assess the potential benefits and challenges of using ICT for the development of SMEs in Myanmar and how the integration of ICT policies and strategies into the SME policy framework can support the development of SME sector. In order to understand the current economic development process in