Property law Case Study Example | Topics and Well Written Essays - 750 words - 4

Property law - Case Study Example The general legitimacy of franchising allows the franchisee to organize the business in any of the appropriate options; a sole proprietor, corporation or a partnership. This is not a good option however, because the franchisor dictates the business model to the franchisee. This means, that the business that Betty wants may not give the impression of a Christian coffee house at the end. Again, Betty will have to pay loyally fees, an idea that is not good for a business of her kind. Franchising is therefore not an option both in legal basis and Christian basis as there will be many foreign dictatorial powers. On the other hand, this discussion agrees that Betty will gain the operational expertise should she opt to use this option. This is because franchising will attract a host of qualified investors to her limited liabilities, but will many foreign non-Christian behaviors and ideologies (Ibrahim and Angelidis, 2005). Secondly, concerning the option of sole proprietorship, it is import ant to note that this is the easiest option for Betty to start a coffee house. It is true that this option requires very little legal issues to look at. Betty will have the full control over her business idea. In business terms, this option has high risks associated with it. On the contrary, this discussion does not agree that welcoming many customers brings risk, but rather these customers are the source of income e and advertisement at the same time; it will be an opportunity to instill Christian values in the customers. However, it agreed that this option limits Betty`s abilities to expand the business through increase of capital. Thus, it is recommended that this is not a good option to consider for starting a coffee house. Thirdly, the best choice is that of a corporation; this allows investors as well as partners to take part in the business. Studies have shown that, legally, a corporation is a legitimate entity that allows a group of people to exist and act as a single legal person. This allows them to raise funds through shares. This discussion agrees that, a limited liability corporation suits the business idea for Betty (Ibrahim and Angelidis, 2005). This is because it gives owners corporate protection. This option will allow the Betty and her partners to come up with the details of management and operating agreements, legal application for the approval of the corporate name, and the creation of then article of incorporation. This serves the purpose as an option for Betty to take because it ha many advantages and it limit risks as they are shared among partners and investors. Other partners and investors To start with, Betty`s husband, John is a good partner as he offers the right financial support. The discussion agrees that Betty and John do not need to handle separate roles in the business or one should not be dormant because as man wife they are one and this is a family investment. Thus, Betty and john can seek for shares in the limited liability corporation and provide services in the end as an exchange for the shares. It is therefore recommended that they should work together to achieve and realize the goals of the business; they can be guarantors for a loan to their corporation. In addition, because this is a Christian coffee house, it entails to sustain the Christian values, thus the discussion agrees that Betty and her sister, Alice should be careful not to do things

Why the Islamic Financial System has the Strength to Mitigate the Dissertation

Why the Islamic Financial System has the Strength to Mitigate the Current Financial Crisis - Dissertation Example The present financial crisis has been held to be a consequence of the failure of the financial systems being followed in various segments of the world. From the evaluation of perceptions of the people across the world, it has been evaluated that they urge towards identification of an appropriate alternative to the present financial system. They desire for an alternative that holds strong prospect of avoiding financial crisis in the future. Following the search for a perfect alternative, it was observed that the Islamic financial system is argued to be the best answer to the present problem of the international economy. Various economists purported that Islamic financial systems bear strong possibility of becoming successful alternative to the present financial system. For critically evaluating the argument, various sources have been reviewed through library search. The findings have been analysed through primarily qualitative approach and presentation of quantitative data about the e ffectiveness of the Islamic financial system. The findings suggested that although the Islamic financial system holds strong prospect to evolve as the most effective financial system of the world, comprehensively it cannot be implemented in the International market. This is because the Islamic financial system is still challenged with certain loopholes, the presence of which can hinder its effectiveness. Evidences have been provided in this research study with respect to the Islamic banking system’s effectiveness in certain portion of the world such as that of Malaysia while at the same time evidences have also been provided of its inefficiency in certain other parts of the world such as that of Pakistan and Middle East. Table of Contents Chapter One: Introduction 5 1.1Background of the Research 5 1.2 Problem Statement 7 1.3 Aim, Objectives and Research Questions 9 1.4 Structure of the Dissertation 10 Chapter Two: Literature Review 11 2.1. Introduction 11 2.2 Origins of Islam ic Banking and Finance 12 2.3. Islamic Financial System 14 2.4. The Islamic Financial System and the Crisis 16 2.5 Strength of the Islamic Financial System 22 2.6 Weaknesses of the Islamic Financial System 26 Chapter Three: Research Methodology 28 3.1. Overview of Research Philosophy & Approach 28 3.2. Research Strategy 29 3.3. Validation of Data Source 33 3.4. Validation of Data Collection & Data Analysis Process 33 3.5. Limitations of the Research Process 34 Chapter Four: Findings, Analysis and Discussion 36 4.1. Introduction 36 4.2. Critical Evaluation of the Facts about Islamic Financial System 37 4.3 Empirical Evidence of Effectiveness of Islamic Financial Systems in other Counterparts of the World 44 Chapter Five: Conclusion & Recommendation 59 5.1. Overview 59 5.2. Facts Generated from the Research Study 59 5.2.1. Challenges Faced by the Islamic Finance System 59 5.2.2. Strengths of the Islamic Finance System that Helped it Survive the Financial Crisis 61 5.2.3. Reasons behin d the Growth in Islamic Finance 63 5.3. Recommendation for Future Works 64 6.0. References 66 7.0. Bibliography 81 Chapter One: Introduction 1.1Background of the Research According to the verse of the Great Allah (swt) about Islamic nation, â€Å"You are the best of the nation raised up for mankind because you enjoin what is right and forbid the wrong and believe in Allah†. The Islamic nations are blessed with the trait of being the world’s best nations brought up from humanity.1 The nation understands its responsibility well that people need to be aggressive in rising against immorality and unfairness. One of such wrong deeds, observed by the Islamic nations, is the economic coercion and injustice that is adversely affecting the world.2 The recent financial crisis initiated within the