Research Proposal Paper Example | Topics and Well Written Essays - 1250 words

Proposal - Research Paper Example The feasibility includes exploring options of locating the payday loan service in a convenience store that is accessible. The room will have a counter for disbursing funds and maintaining records. Research will include state and local requirements for establishing payday loan service as a sole proprietorship, competitors’ analysis for internal assessment for crafting payday loan service strategies, and a market analysis to study the lending rates and charges in relation to pay loan services in Kansas State. Introduction The writer is the owner/manager of Quick Stop & Go convenience store without gas services. The writer intends to add an additional service as Payday Loan using an extra space available in the store that is a single store not chain store. Above information clearly describes the purpose of accessing payday loan. Yet, there is a need to analyze in which terms payday loan will be helpful for the store as compared to other types of loans and to which extent it will be productive in increasing the profitability of store by efficiently utilizing idle assets of the store. As payday loans have become more popular in recent years. The important feature of the payday loan is that it is readily and easily accessible. Payday loans have many benefits as compared to the other loans. For payday loan, only proof of employment, bank account and income is required and paper work requirements are also very limited. Terms and conditions of payday loans are also fixed like other loans but the borrower can get flexibility according to its need. So, profitability can be increased by using loan according to current situations. Research questions 1. Who are the users of payday loans? 2. Do the payday loans solve their financial problems? 3. What is the eligibility for obtaining a payday loan? 4. Who are the competitors in the market? Purpose statement To promote access to diverse, healthy and comprehensive financial services for households in Kansas. This will be through offering cost-effective loan rates and innovative methods of loan applications for customer convenience. Literature Review What is a payday loan? Payday lending business will provide short terms loans for a maximum period of two weeks, to households who are in need of money or individuals that do not opt for other sources of credit.Caskey and John (2012), define a payday loan service as a loan gotten from a business that is not a bank. These businesses operate under different titles and take postdated checks as collateral. Hodson (2009) describes a payday loan as a short term borrowing where the borrower borrows money at a high interest rate. The borrower writes a postdated personal cheque in the month they wish to borrow including a fee in exchange for cash. The borrower does hold onto the cheques and cashes it on the agreed upon date. How pay day works The borrower visits a lending store and secures cash, which is due in full at the borrower’s next pay day. The borr ower then writes a post dated cheque with the full amount including the fees. Upon maturity of the check, the borrower returns the loan and if he fails to, the lender redeems the cheque.The borrower incurs a bounced cheque fee from his bank plus the cost of

Compare the jurisdiction of the International Court of Justice and the Essay

Compare the jurisdiction of the International Court of Justice and the Permanent Court of Arbitration in the resolution of Inter - Essay Example The PCA was a precursor to all the other international institutions formed to resolve international disputes, including the International Court of Justice (ICJ) formed in 1945 under the convention of the United Nations. Arbitration, which has turned into a hugely popular process in the last 50 years for commercial dispute settlement is widely accepted amongst the various states worldwide that regularly enforce the resolution awarded by the court of arbitration. However, the ICJ and the scores of other similar tribunal bodies created by the states have not become popular, and their rulings are not widely accepted by the various states. Despite the popularity of the arbitration body, both the institutions (PCA and ICJ) face criticism from the experts, while observations reveal that a lack of enforcement of the awarded statements remains a major problem for both the bodies. In this context, the article will examine the differences in the jurisdictions of PCA and the IJC in the resolutio n of International Investments/Commercial Disputes. It will study various texts to identify the problems associated with these international legal bodies especially created for resolving global commercial problems. The jurisdictions of the International Court of Justice and the Permanent Court of Arbitration in the resolution of International Investments/Commercial Disputes 1 Introduction Traditionally the jurisdictions of courts depend primarily on the consent of the contending parties. The first famous commercial dispute case was seen in the 19th century during the US civil war, where consent was forwarded by Britain. Here we find that US had submitted the ‘Alabama Claims’ under the jurisdiction of arbitration.1 This claim centred on the activities of a particular ship named The Alabama, built by an English shipyard and later sold to the Confederates, during the civil war. Here U.S. felt that Britain had contravened the neutrality rules, and it claimed compensation un der the Three Rules of Washington for the losses suffered by its army when the Confederacy used The Alabama. In this case, under arbitration, the verdict went against Britain, whereupon the state took a political decision to accept the indictment, as awarded by arbitration. This process of submission to arbitration to solve a dispute that was transnational in nature and the manner of resolution encouraged other states to also start using arbitration, which finally led to the formation of the Permanent Court of Arbitration (PCA). During the initial years, a large number of inter-State disputes came under the various tribunals established under PCA.2 Since PCA was primarily established to resolve disputes between the states, all its initial tribunals were asked to decide on disputes related to matters on public international legal issues like treaty implications, state duties, and territorial sovereignty. Many of the principles formed during these early years still hold good as intern ational laws, often given as a reference by other international bodies,