Advanced Valuation Essay Example | Topics and Well Written Essays - 1750 words

Advanced Valuation - Essay Example the specific case are: a) the criteria that should be ‘adopted by the parties and nominated valuers in relation to the rent review of a lease’ (par. 1). In the above context, a series of similar issues are also examined like the role of notices and the good faith in the development of the relevant procedure and the completion of the task delegated to valuers. The issue of the use of two valuers is also presented in this case. The facts of the particular case could be described as follows: The lease ‘commenced in 1994 and created a term of twelve years commencing on 1 January 1995 (with three successive options for renewal for further terms of five years) covering twenty five floors and a secure area in the Governor Macquarie Tower, Sydney’ (par. 2). On the other hand, the agreement regarding the payment of the lease has been as follows: ‘he rent reserved, referred to in the lease as the minimum rent, was $13,224,7891 per annum and in the original term there were to be five rent review dates occurring two-yearly, the first being 1 January 1997; At or about the commencement of the lease the lessor made an incentive payment to the lessee of $68 million’. It should be noticed that the procedure referred to certain requirements like the ‘negotiation in good faith’ and the ‘appointment of valuers’ however, the relevant guidelines did not precisely followed. T he main issue under examination in the particular trial has been the article 2.11(b) of the relevant contractual agreement. In order to identify the meaning of the above article the parties called experts. At a first level the creation of a completed assumption by the court has been a challenging task because of the existence of many ‘contradictory’ terms in the relevant contractual agreement. For this reason it was supported by the court that â€Å"the parties to the Lease took the view that the benefit of the incentives would be amortised over the first ten years of the Lease; it is

Why did the United States get involved in the war in Korea In what Term Paper

Why did the United States get involved in the war in Korea In what sense was it an outgrowth of the Cold War - Term Paper Example Cold War is a state of affairs between the former USSR and the USA which are at odds with each other except for the understanding that it is for the best interest of the world that they should avoid direct armed conflict. Instead, they just try to outdo one another in building their armaments and in expanding their allies. The enemy of the USSR became the automatic best friend of the US and vice versa. Whenever the USSR assists another country in the latter’s own conflict, the US immediately goes to the rescue of the enemy of the USSR allies. Stated otherwise, the cold war was a game of chess. The USSR and the US agreed to avoid direct armed fighting and just play chess instead. The world became the chessboard, the Kings were their own countries, the Queens were their atomic bombs, the other officials were their armies and the pawns were the smaller countries like the divided Korea and divided Vietnam among others. The general game plan was to propagate the capitalist-democratic ideology while containing the other’s communist-authoritarian regime. The player is willing to sacrifice his pawns and even officials just to secure the position of the King on the board. And in this game of chess, the North and South Koreas became the opening pawns. The USSR was at first not interested in Kim Il-Sung’s plan of invasion, in the same way that the US was already in the process of withdrawing its troops from South Korea. But when the communist north had crushed the capitalist south, the US executed its game plan and plunged itself into war. The US can never allow communism to gain more space in the world. The US got involved in the war in Korea in order to stop communism from spreading and to protect the capitalism’s position at the peninsula. The National Archives paper has so succinctly puts it, â€Å"Thus, when North Korean troops invaded the South, the Truman administration