Monday, December 30, 2019
F. Salinger s The Catcher Of The Rye - 1343 Words
Often, Authors use specific objects, ideas, or characters to express larger meanings in the book, or in real life. In The Catcher in the Rye, by J.D. Salinger, Salinger uses many symbols in his novel to show the difficulties of Holdenââ¬â¢s life. By including the symbols of Holdenââ¬â¢s red hunting hat, death, windows, James Castle, and the ducks, Salinger explores many of Holdenââ¬â¢s inner thoughts and difficulties of growing up, especially with the loss of loved ones. The Red Hunting Hat that Holden wears symbolizes the individuality, uniqueness, and Holdenââ¬â¢s choice to hide from society. The entire book can be condensed into this one symbol, mainly because it is his personality and character. While this hat can protect him from conversation, weather, and let him focus on his thoughts and feelings, it also makes him stand out. These quotes covey this contradiction well: ââ¬Å"I took my red hunting hat out of my pocket and put it on -- I didnââ¬â¢t give a damn how I looked. (115)â⬠Here, Holden is walking back to his crumby hotel from Ernieââ¬â¢s night club. When he is in the club, he is just another guy, sitting at the bar wasting his life away, drinking too much, and listening to Ernie play the piano. But, when Holden steps outside and puts on his hat, he becomes another person. He is no longer a nobody, he is an individual. He is protected from talking to all the phonies in the bar, and from the freezing cold weather outside. W hile he is protected from everyone, he is able to enter his world andShow MoreRelatedF. D. Salinger s Catcher Of The Rye1721 Words à |à 7 PagesJ. D. Salingerââ¬â¢s Catcher in the Rye features a complex narrative surrounding a troubled young student, Holden Caulfield. Difficulties he faces throughout the story force Holden to confront his fears of adulthood and maturation and the responsibilities therein through the difficulties he faces throughout the story. Academic controversy surrounds whether Holden learns from these confrontations and adjust accordingly, maturing throughout the story. While initially this seems rather subjective, a thoroughRead MoreF. Salinger s The Catcher Of The Rye1121 Words à |à 5 Pagesnovels in English-speaking countries, J.D Salingerââ¬â¢s Catcher In The Rye deals with Holden Caulfieldââ¬â¢s past trauma which is the triggering factor in his depression, anxiety and alienation. Holden tells an unnamed person what has happened in the three d ays prior to his mental breakdown. Through Holdenââ¬â¢s relatable characteristics and Salingerââ¬â¢s narrative treatment, the book continues to engage audiences across generations. The way that Salinger writes gives the audience a very personal and insightfulRead MoreF. Salinger s The Catcher s The Rye 1614 Words à |à 7 Pagesshelves, also the best novel read in class. The Catcher in the Rye is a novel commonly found on psychopathsââ¬â¢ shelves and no one has ever found out why. It is a remarkable novel that has been banned in the past but is also studied today in schools around the world. In Mr. Capilongoââ¬â¢s grade 9 AP English class, three novels were read following the theme of ââ¬Å"The teen experienceâ⬠: To Kill a Mockingbird, by Harper Lee, The Catcher in the Rye by J.D. Salinger, and The Chrysalids, by John Wyndham. The classRead MoreF. Salinger s The Catcher s The Rye 1709 Words à |à 7 Pagescertain thoughts or actions from the eyes of others. Society tends to look down towards others who doesnââ¬â¢t follow in the majorityââ¬â¢s footsteps. In The Catcher in the Rye, Holden struggles to make sense of his thoughts. Many times, he makes judgements or vocalizes his thoughts which leads to many judgments placed upon him. In The Catcher in the Rye, J.D. Salinger uses societyââ¬â¢s reactions to Holdenââ¬â¢s struggle t o place himself within the society, in a light that emphasizes his behavior as irrational or in madnessRead MoreJD Salinger Research Paper1671 Words à |à 7 Pages Jerome David Salinger, also known as J. D. Salinger, is a fascinating author best known for his novel, Catcher in the Rye. Although Salinger only published one novel, he wrote several short stories for magazines like The New Yorker and Story. A large number of these stories went on to be compiled into books such as Nine Stories, Franny and Zooey, and Raise High the Roof Beam, Carpenters and Seymour: An Introduction. Despite the fact Salinger has not published any stories in over 45 years, his reputationRead More Catcher in the Rye Essay: The Importance of Language1464 Words à |à 6 PagesThe Importance of Language in The Catcher in the Rye à à à à J.D. Salingers The Catcher in the Rye has captured the spirit of adolescence, dramatizing Holden Caulfields vulgar language and melodramatic reactions. Written as the autobiographical account of a fictional teenage prep school student named Holden Caulfield, The Catcher in the Rye deals with material that is socially scandalous for the time (Gwynn, 1958). As an emotional, intelligent, and sensitive young man, Holden puts his innerRead More Catcher in the Rye Essay: Themes of Society and Growing Up1366 Words à |à 6 PagesThemes of Society and Growing Up in The Catcher in the Rye à à à In reading J.D. Salingers novel, The Catcher in the Rye, one is compelled to have a very strong reaction to the contents of the book.à Whether that reaction is negative or positive, it is unquestionable that the reader will give the novel a second thought after reading it.à There could be many reasons why this novel has such an impact on the readers.à It may be the use of Salingers catchy slang phrases, bitingly sarcastic andRead More J. D. Salinger Essay2481 Words à |à 10 PagesJ. D. Salinger J. D. Salinger The worth of a book is to be measured by what you can carry away from it. -James Bryce* In 1945, a novel was published that would forever change the way society views itself. The book, entitled The Catcher in the Rye, would propel a man named Jerome David Salinger to fame as one of the most famous authors of the twentieth century. This same man, not ten years after the publication and while still in the peak of his career, would depart from this society- theRead MoreGreat Gatsby in Comparison to Catcher in the Rye Essay1666 Words à |à 7 PagesGreat Gatsby vs. Holden Caulfield The Great Gatsby written By F.Scott Fitzgerald is a novel about people, mainly Gatsbyââ¬â¢s idea of the ââ¬ËAmerican dreamââ¬â¢ which can be compared easily to The Catcher in the Rye By J.D Salinger. Nick and Jay Gatsby are similar to Holden Caulfield. Nick is like Holden in the fact that they both share ideas of having expectations of people and hope, even though society constantly lets them down with multiple examples showing how people act in their natural state. GatsbyRead MoreThe Modernist Movement And Its Influence On Art1688 Words à |à 7 Pagesself-consciousnessà (Farah).à The Modernist movement would influence the literature written such as novels and poetry and would also have an influence on art work during this time period.à Three people who were influenced by the modernist movement include F.à Scott Fitzgerald,à T.S Eliot,à and Georgia Oââ¬â¢ Keeffe.à à There would also be a movement called the Post-Modernist Movement.à Post-Modernism was a departure from modernism.à This movement took place during the mid-twentieth century.à One characteristic during
Sunday, December 22, 2019
Essay about Problems with Interpersonal Communication
ââ¬Å"What, what did you say?â⬠I often find myself saying this when talking with children. The likely culprit of why is poor listening habits. ââ¬Å"Most people spend mere time listening than they spend on any other communication activity, yet a large percentage of people never learn to listen well.â⬠(TLSC, 2008) The above example is what I like to call ââ¬Å"pseudo listening.â⬠People will be thinking about something else but appear to be listening and only get about half the intended message. Recently at my fatherââ¬â¢s (Ron) company because of a pseudo listening instance a $400,000 dollar piece of equipment did not get specked correctly. When it was delivered to the customer at Company B the blast doors did not fit properly on the dryer unit. As oneâ⬠¦show more contentâ⬠¦X received very vague information from the engineer at Company B. Mr. X relayed this wrong information to the planning department at Ronââ¬â¢s company. In the end this re sulted in the final product being rejected. This caused Company B a great deal of money and Ron time and money as well. Had Mr. X listen to what was being quoted and asked for more concrete information the entire situation would have been different. During the listening phase if Mr. X had been truly engaged he would have realized that the placement of the welds was specked on the wrong spots. They were about à ½ inch off, nonetheless it was incorrect. Rather he focused on getting this other job so he was thinking about that instead. The result of the project was Company B didnââ¬â¢t want to pay for the work and Ron was out $ 400,000 dollars. Thus creating a negative affect on the business relationship however, this could have been avoided with some good listening habits. Improving the Situation ââ¬Å"A good listener wants to see how the facts explain the ideas and the evidence supports arguments, and realizes facts are important only in relation to principles, ideas and arguments.â⬠(Oregon State University, 2008) If Mr. X was using good listening habits he would have gotten the message, decoded it then asked clarification questions. Which, would have resulted in Ron and Company B both being satisfied with the product? One of the other factors I mentioned was Mr. X leaving in theShow MoreRelated Interpersonal Communication Problems Essay799 Words à |à 4 PagesInterpersonal Communication Problems Over the telephone my boss gives me an instruction. I hear it, give my recognition, hang up then realize that I am not clear on exactly what it is that I am to do. Something about the proper way to add up my hours is the basic message, but the way she has explained it is not clear to me. Yet. As far as she is concerned, every word she spoke, that is, the way she described her instructions, was perfectly spelled out. She sits in her office confident that herRead MoreSolving Interpersonal Communication Problems2592 Words à |à 11 PagesSolving Problems of Interpersonal Communication Problems Everything that we do with other people involves communication such that all our social interactions are communicative and they presume communication processes. Interpersonal communication is characterized by: communication from one individual to another, communication which is face to face and both the form and content of communication reflect the personal characteristics of the individual as well as their social roles and relationships (EllisRead MoreCommunication Skills And Interpersonal Problem Solving Skills Effect Adolescent s Social Self Efficacy988 Words à |à 4 Pageshow communication skills and interpersonal problem solving skills effect adolescentââ¬â¢s social self-efficacy, the belief in oneââ¬â¢s own abilities. Before the study begins, Erozkan defines how communication, interpersonal relationships, and self-efficacy relate. Communication is a crucial element in forming long-lasting interpersonal relationships, which is an important aspect in adolescents develo ping positive self-efficacy (Erozkan, 2013). Adolescents begin to acquire life-long interpersonal relationshipsRead MoreThe Importance of Interpersonal Communication1186 Words à |à 5 Pages------------------------------------------------- The Impact of Interpersonal Communication for Startup Business in TANRI ABENG UNIVERSITY ------------------------------------------------- English for Academic Purpose Naimy Zam Zam / Corporate Communication / 13.013 Abstract This research proposal contains the analysis about interpersonal communication in startup business The Impact of Interpersonal Communication in Startup Businesses Introduction These days, there are so many startupRead MoreInterpersonal Communication And The Workplace946 Words à |à 4 PagesInterpersonal communication in the workplace is developed positively or negatively on the individual relationships we have combined with our human behaviors and human actions within each of those relationships. There are many things that can affect interpersonal communications within the workplace, from generational that create technological gaps, to diversity and tolerance it creates, and finally the type of workplace, is it a team environment encouraging inclusiveness within the organization orRead MoreInterpersonal Relationships And Its Effects On The Family And Community822 Words à |à 4 Pagesneed for interpersonal relationships including intimate, business, and family relationships, and friendship. The topic of interpersonal relationships has been an area of concern for many disciplines such as sociology, anthropology, and psychology. Academicians aim to disco ver the combination of factors that sustain or hinder interpersonal relations and why people need them. In this quest, many theories, concepts, and axioms have been proposed to explain the complex notion of interpersonal relationshipsRead MoreThe Effects Of Interpersonal Competence On Interpersonal Communication1053 Words à |à 5 PagesIntroduction Interpersonal competence is an aspect of communication that is rarely given attention despite being a crucial facet of human interaction. In fact, Beebe et al. argue that it is comparable to breathing for being do critical to human growth (2). According to Beebe et al., this aspect of communication is necessary to maintain relationships and to improve affairs between lovers (6-7). To enhance our competence in interpersonal communication, we need to learn and master ways of verbally relatingRead MoreInterpersonal Communication1053 Words à |à 5 PagesInterpersonal Communication Interpersonal communication is defined by Michael Cody as: the exchange of symbols used to achieve interpersonal goals(28). Does this definition include everything, or does it only include certain things?. When we are dealing with the issue of interpersonal communication we must realize that people view it differently. In this paper I will develop my own idea or definition of what interpersonal communication is. I will then proceed to identify any important assumptionsRead MoreInterpersonal Communication And The Workplace1116 Words à |à 5 PagesINTERPERSONAL COMMUNICATION IN THE WORKPLACE Introduction Communication occurs in the day to day life situation Hynes, G. E. (2015). People pass messages from one individual to another through communication. This makes communication to be taken for granted. Communication may not be that easy as it is the assumption of most of the people, but it is important to understand that for communication to be effective proper communication skills need to be applied. Communication is simply defined as theRead MoreCommunication : Understanding Interpersonal Communication1554 Words à |à 7 PagesI. Introduction AND Thesis Statement Communication is the number one key in a relationship, especially when you re talking about marriage. I would like to take this moment to say congratulation on your recent marriage. I want to tell you that communication helps build a healthy personal foundation by implementing small talk in helping resolve conflicts through growth and helps reduce any barriers that prevent you from having a happy, successful marriage. Remember that no one is perfect at communicating
Saturday, December 14, 2019
The Problem with Exotic Pets in America Free Essays
Abstract Many Americans love to have exotic pets, not thinking of the consequences of ownership. Right now there is a widespread problem in America: In places such as Florida, numerous types of exotic pets are becoming an invasive species as a result of being released back into the wild. The Problem with Exotic Pets in America. We will write a custom essay sample on The Problem with Exotic Pets in America or any similar topic only for you Order Now Exotic pets have always been a concern to a variety of people: health care officials who treat bites from these animals, insurance companies who have to cover businesses that employ performers who have live exotic animals In their acts (such s ââ¬ËSiegfried and Ron and customs agents who Inspect cargo ships for Illegal animals Just to name a few. The problem however, has taken a turn for the worse recently as a result of several things which have occurred not Just in the past year, but also In the past decade. Exotic animals are becoming a problem In the US and a hazard to people, pets, and livestock. Some background Information will now be provided. Almost everyone above the age of 20 remembers what happened to Roy Horn of Siegfried and Roy when Monterey, the tiger Roy was working with, bit him on the neck and dragged him away. This brought Into focus the warning about -you can take the animal out of the wild, but you canââ¬â¢t take the wild out of the animal. â⬠As reported by Miguel Marquee (2003) to CNN, Roy horn was critically injured as a result of the attack and audience members Initially thought It was part of the act until they heard Rosy scream behind the curtain. Some say this act alone brought an end to performers using live animals, not just exotic animals, in their acts. According to the National Invasive Species Centerââ¬â¢s website (n. D. ). , one form of exotic pet that became an invasive species is the Northern Snaked. This species of fish, originally from mainland China, was brought to the US as an Import and was sold mostly in Asian fish markets as food but also in some pet shops as an exotic pet. When it was discovered in a lake in Maryland in 2002 and in other places such as the Potomac River, it was outlawed and labeled an invasive species. This was mostly due to Its rapid reproduction rate and high level of aggressiveness. Because It had no known natural predators, It soon became the apex predator In the waters where It lived and devoured the local indigenous fish. Like the Asian Carp, Northern Skinheads continue to be a problem on the east coast, but unlike the Asian Carp, their numbers are decreasing through the efforts of the Department of Agriculture and the Department of Fish and Wildlife. For purposes to this essay, the impact the Burmese Python NAS and on southern Florida will be used to demonstrate the problem with exotic pets. On October 27, 2011, a 16 foot Burmese Python was captured by South Florida Water Management workers in the Everglades National Park. This snake was credited with being ââ¬Å"one of the largest ever found in southern Floridaâ⬠and after killing the Python with a hooting, a 76 pound adult deer was discovered inside (Douglas, B. 2011). Considering the size of the deer this particular snake was able to eat, one needs to ask the question of what could have happened if this snake had been captured in an inhabited rural area. Considering the size of the snake and its diet, it would no doubt seek out easy prey such as pets or even small children. Sadly, this is not the first time a large snake such as a Python was captured in the wilds of Florida and the problem is not exclusive to Just snakes. Although snakes form the predominant indigenous return being caught, Florida is also plagued with the Nile Monitor Lizard and several aggressive species of iguanas such as the spiny-tailed iguana and the green iguana (National Biological Information Infrastructure, n. D. ). In an article written by Seal and Carmela (2009), Florida instituted a program called the ââ¬ËPython Patrol,ââ¬â¢ in which members of the Park Ranger Service and several other agencies actively look for creatures such as Pythons and other invasive species. The article describes some of the duties and responsibilities of the ââ¬ËPython Patrolââ¬â¢ and also discusses some of the problems they face and their concerns. An example of one of the things the ââ¬ËPython Patrolââ¬â¢ looks for in the Everglades are nests and states that the everglades are a perfect habitat for the Burmese Python. They also cite in one instance how the largest cache of eggs found was 83 eggs. Another problem they cite in the article is that in the everglades, the snakes are able to grow at an accelerated rate due to the abundance of food. One thing to note about the Burmese Python is that it can reach up to 20 feet in length and weigh as much as 200 pounds when fully grown. This fact makes it an extremely dangerous predator. The one key thing that links all of the previously discussed information together is that these animals all started off as exotic pets. The problem is more prevalent in Florida then in other areas as most of these animals were released by their owners back into the wild rather than being given to a zoo or other appropriate agency for safekeeping and care. In 1992, according to an article written by B. Coronet (2009), Hurricane Andrew destroyed several pet shops containing numerous snakes and other exotic pets. In the aftermath of the storm, many of these snakes escaped into the countryside and have been breeding for 19 ears (an interesting side note to this article is the picture on the website where the article is located showing a Burmese Python in a struggle with an American Alligator). However, for every snake caught how many more remain unaccounted for in the wild and how large have they grown? When one considers that a Python is a stealthy ambush predator, trying to take a census of the Burmese Python population is practically impossible and rather silly: In the wild, the Pythonââ¬â¢s skin coloration and pattern make it virtually invisible to the naked eye. In closing, the capture and eradication of the Burmese Python may never truly be accomplished. As man expands and encroaches upon what little wilderness remains, there are bound to be encounters and clashes with wildlife. The Burmese Python is no exception: it NAS been captured on roads in Florida towns near marshes, under brush piles in backyards, and in several homes. When one does appear in a Florida neighborhood, local authorities are notified and a specially trained crew is sent to retrieve the animal. This would appear as only a stop-gap measure at best: Currently, attempts to control the spread of the Python have met with somewhat positive results, but as previously stated, the more man encroaches on nature the more request these encounters will occur. The best we can hope for is that these encounters do not result in violence or the death off child. How to cite The Problem with Exotic Pets in America, Papers
Friday, December 6, 2019
Corporation Act Fame Decorators Agencies
Question: Describe about the Corporation Act for Fame Decorators Agencies. Answer: Issue The Fame Decorators Agencies Pty Ltd. v Jeffries Industries Limited and others, is the case of 1998 which was brought before the Court by the Fame Decorators Agencies Pty Limited. This case is all about the contravention of the section 955 and 998 of the Corporation Act 2001. Jeffries being a public company is listed on the stock exchange. Mr. J F O'Halloran was the Chairman of the directors of the Jeffries who now controls the business affairs of the Fame. Fame always has held shares in Jeffries. Fame wanted to convert the preference shares of the shares they hold in Jeffries. The date of conversion of such shares was February 4th 1999. The shares can be converted in certain circumstances which have been provided in the Association of Articles of Jeffries. The shareholders holding converting preference shares have the right to move the date of conversion in respect to some preference shareholders if the Jeffries failed to repay the specific dividend on a certain date. The number of ordinary shares to be allotted after the conversion of a preference shares to be determined by the way of a certain formula. The one of the ingredient of that particular formula was the average price of sale of fully paid shares, i.e., ordinary shares in Jeffries which was to be sold on the stock exchange in between the twenty days before the date of conversion. If the selling price of the ordinary shares is lower than the average selling price, more numbers of ordinary shares would be allotted to an individual preference shareholder after conversion. Mr. OHalloran came to know on 27th April that the directors of Jeffries have announced that no dividend would be paid for the conversion of the preference shares for the time which ends on the 30 April 1995 which was a Sunday. This would lead to setting of the motion for accelerating the provisions for the conversion. There were frequent sales of shares in Jeffries. Mr. OHalloran has contacted his stockbroker to discuss about the sale of shares in Jeffries by Fame. They both came to the conclusion that the conversion of shares will give advantage to fame. Mr. Powell, the stock broker of Mr. OHalloran has informed him about the details of the different offers to buy shares. The lowest price bid of the shares was on 9th March 1995 in the system, where there were 250,000 shares at the rate of 13c per share. Fame has to accept those bids according to the sequence if it wants to sell Jeffries shares. Further, Mr. OHalloran and his stock broker Mr. Powell had a discussion about conversion where it was agreed by both of them that if there will be no change in the market, instruction will be given to Mr. Powell to sell 170,000 shares in Jeffries at the price of 13c per share before the market gets close. Thereafter Mr. OHalloran gave a telephonic instruction to sell the same. Fame had accepted the outstanding offers of buying share in Jeffries and also agreed to buy 74,000 shares in Jeffries at the rate of 13c. The Cameron Securities had provided an offer of buying 20,000 shares at the rate of 14c per share. The evidence which has been given Mr. Cameron is that the market price of the shares when the bid has been placed by him was at the rate of 35c per share. James Capel had given an offer for buying 250,000 shares of Jeffries at the rate of 13c per share, but there was no evidence given by any member of that particular organization. Rule In this case Cohen J found that the two share transactions, which was the sales of shares in Jeffries Industries Limited, is contravening sec 995 and sec.998 of the Corporation Act 2001. In the appeal before the Court, Fame being the appellant challenge the findings of the lower court and ask the court to set aside the declarations. But the respondent, ASC by way of cross-appeal said that the lower court has not gone further with the findings. Fame has also made sales of other shares on the same day as of Jeffries which is also contravening the Sec. 995 and 998 of the Corporation Act. Still ASC supports the findings of the lower court and asks this court to maintain and consider the declaration made by the lower court (austlii.edu, 2001). The cross-appeal has not been taken into considerations as the legal issues concerning to the appeal made by Fame is sufficient enough to consider the declaration of the lower court and dismiss the appeal (legislation gov, 2013). Application This case is all about the contravention of the sec. 995 and 998 of the Corporation Act. Sec.995 of the said Act states that a person should not get into any kind of dealings in securities and not limiting the general statement of not entering in dealing of any kind of securities, should not issue any shares or securities. He is expected not to publish any notice related to any securities or any appraisal of the securities or should not recommend any offer to bid which has been already taken over. The person is also bound not to make any negotiation in respect of the trading of the shares or make any arrangement of issuing or allotting of shares or any other securities to the general public or publish any report or notice in recommendation of any security. Because any such act will be considered as a conduct done in order to mislead. The person contravening this section is not guilty of any offence. In the case mentioned above, Mr. OHalloran has been engaged in all the acts which are contravening this section (jade io, 2016). Section 998 of the Corporation Act states that any person should not get into any kind of action that creates a false presentation in a trading of any securities or shares in a stock market or any presentation that misleads the factors like actual market price of any securities. He should not involve in any kind of change in the ownership of the securities or any transactions which is not genuine by means of purchase or sales of those securities. He should not be responsible for any fluctuations in the market price of the securities or any kind of shares by way of increasing or reducing the price of the shares in the market. a person who enters into any transaction of sale or purchase of any shares or securities which do not prove to be beneficiary for the owner of the said shares or securities, is said to have created a false representation of the price of the shares or any kind of securities in the market during the active trading of the said securities in a stock market. There is a provision in sub section 6 of the section 998 which acts as a defence for the person who is found guilty of contravening section 998 of the act (legislationgov, 2001). The defence is mentioned in sub section (5) where it has been mentioned that if the person can prove that the purpose for which he did the same was not for the purpose of creating a false representation or misleading the market or the buyers or sellers during the ongoing trading in the shares or securities (legislationgov, 2016). In the case herein mentioned above, Mr. OHalloran has falsely represented the market and is involved in the act misleading the ongoing trading of the securities and shares on 28 April 1995 (legislation gov, 2016). He falsely presented the shares of Jeffries in the market at a much lower price, i.e., at the rate of 13c per share and sold 94,000 of the shares @ 13c. He has done this activity for his own benefit of acquiring more numbers of the ordinary shares after the conversion of the prefe rence shares. Therefore, Mr. OHalloran is guilty of contravening Sec.998 of the Corporation Act 2001 (Mkysugar, 2016). Conclusion This case contains evidence by the system of working of the Stock Exchange Automated Trading Systems (SEATS). In this system the offers to sell and offers to buy is placed by the brokers and is kept in record. All the trades and information of the trades which are kept in records are accessed by the brokers with the help of the computers. A trade takes place when there is an offer to buy matches with the offer to sell. According to the case mentioned here, the broker may make an offer to sell or an offer to buy at a price which is totally different from the market value of the shares with an expectation that it will be accepted in the future changes in market. if a company make an offer to buy shares at different price level, then the seller willing to trade will accept to sell the shares according to the descending order of the price level until there is no more willingness left to sell at the price offered to him or the available shares for sell have been used up (wipo int, 2013). In the above mentioned no evidence or any conspiracy was found between Fame and the other two organisations, Cameron Securities or James Capel. An investigation was made on the transactions which took place on the 28 April. The transactions made which was related to the conversion of preference shares raised a question of validity of those shares between Jeffries and many other persons. This is not a important matter to discuss in the appeal. It is to be found that whether Fame has contravened Sec995 and 998 of the Corporation Act 2001 (asic gov, ND). Mr. OHalloran in his evidence in the lower court stated that he was under pressure in order to get cash to meet up some financial commitments on behalf of the company, which was neither believed nor challenged. It has been found that there was enough cash left with Mr. OHalloran to make the financial commitments and there was no need to sell huge numbers of shares at a lower price for a simple reason of getting cash in hand. He sold 94,000 shares at a price lower than the market price just to create a lower price which will serve for the purpose of the calculation for conversion of the preference shares. The transactions were done by Mr. OHalloran on 28 April 1995, in the last three minutes before the closure of the market. This was just according to the conversation made between Mr. OHalloran and his broker Mr. Powell. This was made just to change the market for the buyers who will accept the offer to buy the shares of Jeffries at the price of 14c or above and the same happened in t he very next trading day of the next week, which would create an advantage for Fame in terms of finance. This is because the lower share market price of Jeffries will lead to acquiring of more numbers of ordinary shares after conversion of the preference shares (legislation gov, 2016). The appellants senior counsel submitted in the Court where the appeal is being heard that there was no manipulation of the market is involved and no misleading of the happening has taken place. It has been further stated that the appellant has used the opportunity of the market situation that existed on 28 April and is not been made by the said person. The appellant accepted the different offers made to buy shares in Jeffries just before the closing of the market, as there was own financial interest present. The judgment made by the court is that there is a contravention of the sec 995 and 998 of the Corporation Act. This is because the vendor in order to get his own financial benefit in respect of some financial contractual agreement, has been involved in creating a lowest market price of numerous shares and selling of the shares at a lower price which could have an increased bidding in the near future. The appeal in this case has been dismissed with costs (Pearson, ND). References: asic gov (ND) Laws we administer, [Online], Available: https://asic.gov.au/about-asic/what-we-do/laws-we-administer/. austlii.edu (2001) austlii.edu, [Online]. jade io (2016) jade.io, july, [Online], Available: https://jade.io/j/?a=outlineid=218602. legislation gov (2013) Corporations Act 2001, [Online], Available: https://www.legislation.gov.au/Details/C2013C00003. legislation gov (2016) legislation.gov, [Online], Available: https://www.legislation.gov.au/Details/C2016C00725. legislationgov (2001) Corporations Act 2001, [Online], Available: https://www.legislation.gov.au/Series/C2004A00818. legislationgov (2016) Corporations Act 2001, [Online], Available: https://www.legislation.gov.au/Details/C2013C00003. Mkysugar (2016) Corporation Act 2001, [Online], Available: https://mkysugar.com.au/. Pearson, G. (ND), in Pearson, G. Financial Services Law and Compliance in Australia, Cambridge University Press. wipo int (2013) 'Corporations Act 2001 ', Corporations Act 2001 No. 50, 2001 as amended , vol. Volume 1: sections 1260E , april.
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