Bonds and Trustees Essay Example | Topics and Well Written Essays - 1000 words

Bonds and Trustees - Essay Example This paper illustrates that the legal structure of a trust agreement to provide that the rights of the bondholders are vested in the trustee through the trust agreement which confers upon the trustee rights to â€Å"represent the holder in dealing with the issuer and to enforce action on their collective behalf†. By virtue of the trust agreement, subject to the provisions of the deed, the trustee shall represent the bondholder and the bondholder shall not be allowed to represent him/herself unless there is a breach of the agreement, which will render it unenforceable. Thus, the provision in the conditions of trust, which states, â€Å"no bondholder may take enforcement action against the issuer following a default unless the trustee, having become obliged to act thereon, has failed to do so† is valid. As held in case of Highberry Ltd v Colt Telecom Group Plc (No.2) a no-action clause is valid. Under Chapter 29 Part 1 of the Trustee Act 2000, the trustee has the duty to â€Å"exercise such care and skill as is reasonable in the circumstances, having regard in particular- (a) to any special knowledge or experience that he has or holds himself out as having, and (b) if he acts as trustee in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession.† The degree of care in transacting business for and on behalf of the bondholders binds the trustee to deliver what is in the best interest of the bondholder. The same rules apply as in the case of negligence. Therefore, where the trustee is faced with a situation where it becomes obliged to act, the failure thereof to act accordingly would constitute a statutory breach as well as of the agreement.

Reflection paper Essay Example | Topics and Well Written Essays - 750 words - 15

Reflection paper - Essay Example He believes that his wife has a nervous depression which is the reason why he takes her away from the town to a far off mansion. He serves as her physician and believes that she is totally helpless while the narrator is not at all satisfied from her husband’s treatment yet she prefers to stay quiet. She cannot voice all that she detests. She thinks that that is the hurdle between her and her health and that is why she does not get better. She is allowed to write her thoughts on ‘dead paper’ and those writings have to be kept private and away from others. The book focuses on giving woman a respectable environment where can they live as free-willed human beings and enjoy their lives just like men do. The usage of symbolism is quite vivid throughout the book as the narrator tries to present a clear-cut image of what women were treated like back in the 1800’s. Back at her own house, she lived with John, in a bright spacious room which had yellow wallpaper which she completely found hideous and disgusting. She was not allowed to write or to work, all that she was allowed to do was rest. The wallpaper became a source of reaction for her, she could stare at it for hours and soon after she started to examine it, patterns started to take shape. She could see images and everything started to change. She could see a woman behind bars, all trapped and with no way out. She felt enslaved too and all her sympathies were directed towards enslaved women. She becomes paranoid around her babysitter and even her husband and starts to feel that they also want to discover the truth behind the images of the wallpaper. The narrator becomes hysterical and tears the wallpaper down which she seems is the only way to release the woman behind it. The wallpaper was not the cause behind her depression. She just became obsessed with it because she had nothing else to do. She was also not