Monday, September 23, 2019
Questions to Answer Essay Example | Topics and Well Written Essays - 1000 words - 1
Questions to Answer - Essay Example These laws are what are regarded to as common law. When there is incongruity between two parties in relation to the law, then a common law court is obligated to listen to the case and refer to analogous or similar cases that have occurred in the past and incorporate their resolutions in decision making (Pozgar, 2011). In other words, if a judgment had been issued in a similar case in the past, then the judge or arbitrator in this case is required to follow the same logical thinking as the previous case. If there has never been a similar case, then it is the obligation of the judge or arbitrator to form or create a standard model as an example that would be referred to by other judges and arbitrators in future. Pozgar (2011) further notes that having a case to refer to and use it in decision making introduces the concept of impartiality in judgments as issues not covered by other laws in a jurisdiction are awarded similar rulings or verdicts. These common laws are however not permanent as they can be changed depending on the current needs of the society (Pozgar, 2011). According to Pozgar (2011), foreseeability is "The reasonable anticipation that harm or injury is likely to result from a commission or omission of an act" (p. 41). An individual can prevent the occurrence of a damaging incident or event if he or she predicts that the incident will occur on the basis of available information or facts. Having a clear understanding of the facts can help an individual in making decisions that would avert or prevent the occurrence of any harmful incident. In a court of law, a defendant is investigated or questioned with an intention of finding out whether he or she could have prevented injury or harm to a petitioner through analyzing data and information at hand. As an example, take the case of a patient lying to a healthcare practitioner when he seeks a clarification of the patients medical history. If
Sunday, September 22, 2019
Quotes that Will Change the Way You Think Essay Example for Free
Quotes that Will Change the Way You Think Essay In your quiet moments, what do you think about? How far youââ¬â¢ve come, or how far you have to go? Your strengths, or your weaknesses? The best that might happen, or the worst that might come to be? In your quiet moments, pay attention to your thoughts. Because maybe, just maybe, the only thing that needs to shift in order for you to experience more happiness, more love, and more vitality, is your way of thinking. Here are 60 thought-provoking quotes gathered from our sister site, Everyday Life Lessons, and from our blog archive that will help you adjust your way of thinking. You cannot change what you refuse to confront. Sometimes good things fall apart so better things can fall together. Donââ¬â¢t think of cost. Think of value. Sometimes you need to distance yourself to see things clearly. Too many people buy things they donââ¬â¢t need with money they donââ¬â¢t have to impress people they donââ¬â¢t know. Read Rich Dad, Poor Dad. No matter how many mistakes you make or how slow you progress, you are still way ahead of everyone who isnââ¬â¢t trying. If a person wants to be a part of your life, they will make an obvious effort to do so. Think twice before reserving a space in your heart for people who do not make an effort to stay. Making one person smile can change the world ââ¬â maybe not the whole world, but their world. Saying someone is ugly doesnââ¬â¢t make you any prettier. The only normal people you know are the ones you donââ¬â¢t know very well. Life is 10% of what happens to you and 90% of how you react to it. The most painful thing is losing yourself in the process of loving someone too much, and forgetting that you are special too. Itââ¬â¢s better to be alone than to be in bad company. As we grow up, we realize it becomes less important to have more friends and more important to have real ones. Making a hundred friends is not a miracle. The miracle is to make a single friend who will stand by your side even when hundreds are against you. Giving up doesnââ¬â¢t always mean youââ¬â¢re weak, sometimes it means you are strong enough and smart enough to let go and move on. Donââ¬â¢t say you donââ¬â¢t have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, Albert Einstein, etcâ⬠¦ If you really want to do something, youââ¬â¢ll find a way. If you donââ¬â¢t, youââ¬â¢ll find an excuse. Donââ¬â¢t choose the one who is beautiful to the world; choose the one who makes your world beautiful. Falling in love is not a choice. To stay in love is. True love isnââ¬â¢t about being inseparable; itââ¬â¢s about two people being true to each other even when they are separated. While youââ¬â¢re busy looking for the perfect person, youââ¬â¢ll probably miss the imperfect person who could make you perfectly happy. Never do something permanently foolish just because you are temporarily upset. You can learn great things from your mistakes when you arenââ¬â¢t busy denying them. Read The 7 Habits of Highly Effective People. In life, if you donââ¬â¢t risk anything, you risk everything. When you stop chasing the wrong things you give the right things a chance to catch you. Every single thing that has ever happened in your life is preparing you for a moment that is yet to come. There isnââ¬â¢t anything noble about being superior to another person. True nobility is in being superior to the person you once were. Trying to be someone else is a waste of the person you are. You will never become who you want to be if you keep blaming everyone else for who you are now. People are more what they hide than what they show. Sometimes people donââ¬â¢t notice the things others do for them until they stop doing them. Donââ¬â¢t listen to what people say, watch what they do. Being alone does not mean you are lonely, and being lonely does not mean you are alone. Love is not about sex, going on fancy dates, or showing off. Itââ¬â¢s about being with a person who makes you happy in a way nobody else can. Anyone can come into your life and say how much they love you. It takes someone really special to stay in your life and show how much they love you. Burn the candles, use the nice sheets, wear the fancy lingerie. Donââ¬â¢t save it for a special occasion; today is special. Love and appreciate your parents. We are often so busy growing up, we forget they are also growing old. When you have to start compromising yourself and your morals for the people around you, itââ¬â¢s probably time to change the people around you. Learn to love yourself first, instead of loving the idea of other people loving you. When someone tells you, ââ¬Å"Youââ¬â¢ve changed,â⬠it might simply be because youââ¬â¢ve stopped living your life their way. Someone else doesnââ¬â¢t have to be wrong for you to be right. Be happy. Be yourself. If others donââ¬â¢t like it, then let them be. Happiness is a choice. Life isnââ¬â¢t about pleasing everybody. When youââ¬â¢re up, your friends know who you are. When youââ¬â¢re down, you know who your friends are. Donââ¬â¢t look for someone who will solve all your problems; look for someone who will face them with you. If you expect the world to be fair with you because you are fair, youââ¬â¢re fooling yourself. Thatââ¬â¢s like expecting the lion not to eat you because you didnââ¬â¢t eat him. No matter how good or bad you have it, wake up each day thankful for your life. Someone somewhere else is desperately fighting for theirs. The smallest act of kindness is worth more than the grandest intention. Many people are so poor because the only thing they have is money. Learn to appreciate the things you have before time forces you appreciate the things you once had. When you choose to see the good in others, you end up finding the good in yourself. You donââ¬â¢t drown by falling in the water. You drown by staying there. Itââ¬â¢s better to know and be disappointed than to never know and always wonder. There are things that we donââ¬â¢t want to happen but have to accept, things we donââ¬â¢t want to know but have to learn, and people we canââ¬â¢t live without but have to let go. Happiness is not determined by whatââ¬â¢s happening around you, but rather whatââ¬â¢s happening inside you. Most people depend on others to gain happiness, but the truth is, it always comes from within. If you tell the truth, it becomes a part of your past. If you lie, it becomes a part of your future. What you do every day matters more than what you do every once in a while. Read The Power of Habit. You canââ¬â¢t start the next chapter of your life if you keep re-reading your last one. Things turn out best for people who make the best out of the way things turn out. If you donââ¬â¢t like something, change it. If you canââ¬â¢t change it, change the way you think about it.
Saturday, September 21, 2019
Success and Failure of Project Methods at Heathrow
Success and Failure of Project Methods at Heathrow This report is prepared to analyze the success and failure of the project methods and its process. For this purpose the project of Terminal 5 at Heathrow Airport is discussed. The Barry Leonard, 2009 explained about project management that it is a process of planning; organizing, allocating and controlling different resources to provide improved result of organizational project. It involves different set of activities to apply techniques and tools for achieving the targets of the project. The projects are carried out with the consideration of different factors which may be time or budget. The starting and ending time of project is always decided before its implication; which provide a benefit to produce successful results. The project manager carries out the planning and executing activities of the projects. It has to face many challenges regarding the organizational project. The achievement of project goals; completion of project on time; or utilization of input for obtaining expected output can be major challenges for it. The scope or cost can also become hurdles for meeting targets. The main responsibilities are assigned to project manger to fulfill the demands of clients. The Terminal 5 is a terminal at Heathrow Airport in London. It is having a structure to stand freely in air and considered a largest building for its standing. It is designed to cover about 35 million passengers each year. The glass and steel is used to build up it structure. Its design was offered in 1989, the United Kingdom passed its planning in 2001. The Queen Elizabeth II made its opening in mid of March 2008, and then its operations started at end of March 2008. PROJECT LIFE CYCLE There are five main phases of the Project Life Cycle, which provide a proper sequence to initiate or end up the project. It defines first that why there is a need to take a start of project, then problem relating to it, then the planning, controlling or monitoring processes take place to complete it. There can be many factors which create complexity to meet the basic objectives of the project; they may be related to the team performance, budget or size of project. There are mainly five phases of project life cycle, which are defining, planning, organizing, controlling, and completing. By following these different five phases, the project of Terminal 5 is analyzed here. Initiating or defining In this phase, the goals of objectives are defined with the combination of its scope. The list of its objectives is prepared to point out the involvement of the key factors for it. Then the statement of problem is provided to state the expected output by allocating the resources. All of the risks and assumptions are defined in this phase. The risks and uncertainties in mega projects provide a chance to implicate innovated techniques. The project manager is also appointed in this phase; which later on formulate a team after considering their abilities or experience according to the requirement of project. The main tools which are utilized in this phase are plans for business and framework of project (Kim, 2003). The Terminal 5 Heathrow is the greatest project of the Europe. Its main objective is to extend the range of airport for meeting the volume of its customers from 67 million passengers per year to the 95 million passengers. It is having a purpose to build up a strong structure of glass and steel with the combination of high security and safety to people. For this mega project, the BBA was assumed to select to apply their standard practices; utilize the capital appropriately and use technical competencies to avoid risks. It was targeted to connect the Terminal 5 with the other existing terminals. The risks estimated for the projects were quality of structure; safety for passengers; integrating the systems and working under budget. Its scope was to build up 270,000mÃâà ² terminal; two satellite buildings and 87 meter control tower for functioning in Heathrow. Planning Another phase is planning which is consisted of identification of different related activities of project. It also includes a task to estimate the time and cost; review the sequence of activities; and highlighting the critical actions. The specific criteria for achieving the project goals; and completing the task are specified in it. The most important process of writing the proposal is also performed in this phase. The planning phase of Terminal 5 project was started on 1986 and went up to 2001, when it was finalized that construction should be started now. By BAA, the project director was appointed at main board for handling and reporting from planning to controlling phase. The BAA selected appropriate set of tools for planning the project. It created an example to build up or construct the largest infrastructure within its defined capital and time. According to Flyvbjerg et al., 2003, its estimated investment was à £4.3 billion and time for its completion was expected year of 2008 for phase 1 and 2011 for phase 2. It was estimated to start it on 2002. It was planned very effectively to give a scope for complete the projects under estimated time and cost. Its planning phase started from 1986 and went up to the September, 2002. Organizing The Mishra (2006) described about third phase, that it is related to organizing activities, tasks or team of project. The basic needs are specified; the project manager and team are recruited under it. The work packages are also defined in it. The main task of organizing the team; and identifying the stakeholders are also performed under this phase. For Terminal 5 project, the BAA, private investment, HM Government was sponsored and Richard Rogers Partnership was appointed as Lead Architect. The advanced strategies were used by BAA and its different suppliers for organizing this mega project. The project manager Andrew Wolstenholme, had experience of dealing unexpected situations and risks while completing the Glaxco (GSK) project; he utilized all those methodologies and helped to provide his exceptional skills for T5 project. According to the Norman Haste, first project director of T5, there should be high investment on design for achieving successful completion. However, the design ing and the organizing phase started at 1989 and went up to around 2004. In the opinion of Andrew (2009) Single Model Environment (SME) was used for digitally designing; and integrating to the construction phase. Controlling This is an important phase of the project life cycle; because it is assured that all of the operations are performing under a control management. It is also known as execution phase because all of the plans are executed in it. The control tools are defined and status report of the tasks is prepared in it. The Harold (2009) demonstrated that during it, the plans and schedules are reviewed, and order may change according to the requirements. It may be considered as constructing phase for the T5. For Terminal 5, different designs were developed to bring in a real position. Its construction phase was divided into two phases: one was formation of building and infrastructure which started at 2001 and went up to 2008; other was connecting the systems and equipping the building which took time from 2006 to 2008. Its control tower was manufactured in 12 meter high sections to avoid the disturbance of aircrafts operations. It was built up by Richard Rogers Partnership. The control tower of à £50 million provided 360 degree cone to view which become the most technological controller in 2006 when started for functioning. In 2004, its first segment of single wave roof was placed on it, and then on 2005, sixth and last was on its position. The total weight of this roof was 26,000 tons which created its superstructure. Its high way design allowed passing away the cranes for constructing the other operations in airport. The staff of Terminal 5 was appointed by the BBA in 2008. The rail station was built up in it with six platforms; two of them were designed for London Underground Piccadilly Line extension; two for Heathrow Express extension; and other two were for connecting to west in future. The change order required in this project was to have some advancement in its road infrastructure. There was a need to have Airside Road tunnel (ART), which constructed in 2005. The Spur road from M25 was built by Balfour Beatty in 2008. To control the pollution and drainage the storm water outfall tunnel (SWOT) was arranged. It consisted of one bore tunnel which is having length of 4.1km. It was to recycle the wasted water by BAA. The automated people mover (APM) played their role to create a track transit system which provided facility of transformation between main terminal and satellite building. For providing benefit of transferring passengers and luggage, personal rapid transit (PRT) system of à £25 million was applied in July, 2009. Closure In last phase project manager should assure about the completion of project. It consists of different steps which are forming the agreements in documents forms; acquiring acceptance of clients; arrange deliverable in final form; comparing deliverable products with estimated; and allocating project resources. It also involves a step of informing about completing project to upper management (Michael, 2002). The allocation of different resources in this project enabled Terminal 5 to take about 30 million and Heathrow to take 90 million passengers a year. On Sep, 2006; two major transport milestones arrived on T5 when the project was completed about 85 percent. In 2007, the staff was trained and system was checked to provide deliverables. Around 40 million person hours were used for construction program since 2002. At T5 the availability of six cars was provided in start; and sixteen provided in 2008. The project was completed very successfully and its construction safety was on merit. In 2006, there were no reports regarding accidental situation of around 7000 work force. The official opening was held on 14th March, 2008; and it opened for passengers on 27th March 2008. IDENTIFICATION OF SUCCESS AND FAILURE Some of the successes and failures are discussed below: SUCCESS There were many chances of high risks and uncertainties in this project; but many advanced strategies were utilized to avoid them. Its main success is completion of project on time estimated for it. It was a great challenge for the project manager to arrange or allocate the resources with consideration of time. The budget programs were designed with most effective techniques and the cost plans were delivered very successfully. There were perfect tunnel bores and designs; the technical and mechanical activities were performed with deep consideration; structure was prepared with modern approaches. The Mott MacDonald performed their assigned task very efficiently while working on road tunnel. The designing; construction; and fabrication were much enhanced. The SME (Single Model Environment) proved to be very beneficial for these operations. The most innovative application helped to have stability in its operations. The quality level of providing the facilities to passengers was a great return on the high investment on the mega project; the shareholders achieved a great reward in it. There was a complete safety provision for the local inhabitant; passengers; and environment. The partnership with different parties was very successful which helped to remove the constraints. The exceptional plans were developed which helped to built up a control tower for serving all Heathrow. The integration was very strong to meet the projects goals. There were proper risk and control management to avoid failures in project. There were enhanced system of privacy; the finger prints were taken while crossing security gates which protect against illegal actions. There were strong IT systems for achieving success. FAILURE There were fewer failure regarding staff training, baggage handling and massive IT spread out. The main failure was the unfamiliarity of staff of BA which created many disruptions. Eventually, this problem was sorted out by BAA and BA later on. Initially, the baggage system not worked properly, the BA was blamed for it to not have sufficient staff. According to the BBC, there were many problems faced by the terminal staff for car parking in garages. There were high investment in the IT; there were 180 IT suppliers and 163 systems, about 9000 devices; 2100 PCs and a great mess of cables spread inside. According to British Airways CIO Paul, it is a smaller town filled with telecommunication system interrupting to build T5. CONCLUSION The mega projects always hold a risk of failure, however, the Terminal 5 Heathrow project was much successful and its phases were processed in proper sequence. The project management structure was very strong which helped to utilize the planning; managing and controlling methods effectively for completing the project. REFERENCES Andrew Devies, 2009, From Iconic Design To Lost Luggage: Innovation At Heathrow Terminal 5 Barry Leonard, 2009, GAO Cost Estimating and Assessment Guide, pg. 140-145. Flyvbjerg et al, 2003, mega projects and risk: an anatomy of ambition, Cambridge, Cambridge university press. Harold Kerzner, 2009, Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Pg. 418-450. Kim Heldman, 2003, Project management jumpstart, pg. 18-25. Michael Greer, 2002, The project managers partner: a step-by-step guide to project management, pg. 23-69. R.C. Mishra, R C Mishra Tarun Soota, 2006, Modern Project Management, pg. 22-60.
Friday, September 20, 2019
Vouchers and School Choice - Opportunity for Success :: Argumentative Persuasive Topics
School Choice: Opportunity for Success For some parents, education is highly valued and they can afford high tuition, so they send their children to the private school. Other parents spend more money to move into a community where has good schools. We can call the situations stated above "school choice". However, what we talk here is not the "school choice"; there is another kind of school choice, which all parents can make and do not need to spend more money to move into another community. Generally speaking, children from the high SES family have better opportunities to get appropriate education and succeed in the society. On the other hand, children from the low SES family often face many difficulties in the educational process because of the financial problem and might get less support from their families. Therefore, in my opinion, this is the group that the government need to take care of. We need to provide children from the low SES family with opportunities as much as possible to help them succeed in the school and the society. One of the opportunities we can provide for those children is school choice. Some people argue that they pay high tax to provide quality education for their children, and others do not have the right to share with it. If we follow the system thinking, this belief is a fallacy because we can not separate one from others in a system. In the long run, school choice can create success for children from the low SES family. In other words, if we can help those children succeed in the school and society, they will produce less problems to the society, and we can build up a better environment for everyone. Furthermore, though people pay high tax, they still share the limited resources of the society and the country; they do not pay all what they should pay. There are the rich and poor in the society, and it somehow creates positive and negative cycles. That is, the rich can get better education and have good opportunities to succeed in the society. Vouchers and School Choice - Opportunity for Success :: Argumentative Persuasive Topics School Choice: Opportunity for Success For some parents, education is highly valued and they can afford high tuition, so they send their children to the private school. Other parents spend more money to move into a community where has good schools. We can call the situations stated above "school choice". However, what we talk here is not the "school choice"; there is another kind of school choice, which all parents can make and do not need to spend more money to move into another community. Generally speaking, children from the high SES family have better opportunities to get appropriate education and succeed in the society. On the other hand, children from the low SES family often face many difficulties in the educational process because of the financial problem and might get less support from their families. Therefore, in my opinion, this is the group that the government need to take care of. We need to provide children from the low SES family with opportunities as much as possible to help them succeed in the school and the society. One of the opportunities we can provide for those children is school choice. Some people argue that they pay high tax to provide quality education for their children, and others do not have the right to share with it. If we follow the system thinking, this belief is a fallacy because we can not separate one from others in a system. In the long run, school choice can create success for children from the low SES family. In other words, if we can help those children succeed in the school and society, they will produce less problems to the society, and we can build up a better environment for everyone. Furthermore, though people pay high tax, they still share the limited resources of the society and the country; they do not pay all what they should pay. There are the rich and poor in the society, and it somehow creates positive and negative cycles. That is, the rich can get better education and have good opportunities to succeed in the society.
Thursday, September 19, 2019
A Time Of Prosperous Change :: essays research papers
A Time of Prosperous Change In the early nineteen hundreds when women used to be treated as objects who were only good for cooking and cleaning. These women were expected to stay home and do nothing but take care of the children. Authors were rarely women .Now in the present day a women is thought of as having a mind of her own. She is thought of as a independent, an individual who has a peace of mind of her own who is allowed to work and make a living as she pleases. Even we don't think of Weldon every time someone mentions a popular contemporary author we know she deserves to be mentioned. Both in the Critical Survey of Long Fiction and in Love and Marriage in the Novels of Anita Brookner and Fay Weldon Weldon is mentioned with great honor and respect. Anna Ericson uses more past situations in Fay Weldon's own life while contrasting her to Anita Brookner while in contrast the Critical Survey of Long Fiction criticizes the works without much comparison to others. Both the Magill and Anna Ericson have strong points on a women's individualism but Anna Ericson proves Weldon's choice of personality for the main character was one reflecting Weldon's own thoughts and morals. In the The Life and Loves of a She Devil Ruth is a character who is well developed who one can feel one with because of the fact that the author creates great depth to her as a character. In the Critical Survey of Long Fiction the author states that "In her fiction, Fay Weldon explores women's lives with wit and humor. She is caustic in her implicit condemnation of injustice but avoids preaching by characters say and what they do"(Magill 3474). On the other hand Ericson has more of a formula to Weldon's novels unlike the Critical Survey of Long Fiction. "The Weldon narrator is usually omniscient; she is wise, sad and cynical"(Ericson 1). which shows that the characters must be well developed to have such a personified personality. Magill rarely states how Ruth's personality had come about in The Life and Loves of a She Devil. Love was not an issue to Weldon when writing this novel this may be due to the lack of love in her very own life. Love was never thought of importance in the Critical Survey of Long Fiction. On the other hand in Love and Marriage in the Novels of Anita Brookner and Fay Weldon Ericson uses the subject of lack of love as the focus of his theories and that
Wednesday, September 18, 2019
Mary Jane :: essays research papers
Mary Jane A good book is one that you cannot quit thinking about. For days after you finish it, you will catch yourself daydreaming about it. That is what The Bluest Eye did to me. I canââ¬â¢t say that I liked the novel, because I didnââ¬â¢t. It left me with an empty, horrified feeling in the pit of my stomach; a realization of how harsh the world can be. I believe that this was Toni Morrisonââ¬â¢s goal for this book. She didnââ¬â¢t want me to feel all warm and cozy when I finished. She didnââ¬â¢t want me to ââ¬Ëlikeââ¬â¢ The Bluest Eye; she wanted me to learn from it. I learned about a childââ¬â¢s understanding, how people can react differently to a harsh environment, the importance of white symbols in a black girls life, and what could possess adults to do horrible things to helpless children. In short, I learned about the world. à à à à à Claudia narrated most of the book, though the story is mainly about Pecola. Claudia and her sister, Fridea, are, in all visible ways, exactly like Pecola. They are poor, black girls in a world where only white is beautiful and good. The difference is that Claudia and Fridea could ignore society and still love themselves, but Pecola felt that she was worthless because of her black features. The world around Claudia, Fridea, and Pecola is filled with symbols of whiteness. The first thing that is brought to our attention is the elementary school readers, where the main characters are Dick and Jane. Dick and Jane are perfect white children and they live in a perfect, white, cheery, loving, world. Morrison concentrates on this at the beginning of every chapter to bring focus on the life that Pecola wants to live. This establishes the theme of white domination over the culture. Pecola worshipped Shirley Temple. While she was at the Macteerââ¬â¢s she couldnââ¬â¢t get enough white milk, which she drank out of a Shirley Temple cup. She also loved Mary Jane candies because ââ¬Å"Each pale yellow wrapper had a picture on it. A picture of little Mary Jane, for whom the candy is named. Smiling white face. Blond hair in gentle disarray, blue eyes looking at her out of a world of clean comfort. The eyes are petulant, mischievous. To Pecola they are simply pretty. She eats the candy, and its sweetness is good. To eat the candy is somehow to eat the eyes, eat Mary Jane.
Tuesday, September 17, 2019
Role of Negotiable Instruments
Role of negotiable instrumentnts in boosting trade and commerce: Negotiable instruments such as cheques, bills of exchage, prommissory notes etc are playing a vital role In today's boosting trade and commerce. One of the reason behind the expanding of the trade and commerce so rapidly is also the negotialble instruments. In trade the transactions are now becoming aso much depending on the negotiable instruments. Where in commerce also the negotiable instruments are helping us in the following ways.Helpful in Buisness: imagine how it is possible to get the business products for resale purpose without the use of money. This is happening just because of the negotiable instruments. Furthur suppose that you want to do a business of refrigrators but you do not have the money to purchase the refrigrators for resale purpose. And also if you do not have any other resource to get the money for purchase you can still purchase the products for your business pupose with the help of the negotiable instruments.Negotiables such as promissory note and specially the bills of exchange are specially made for this purpose. Bills of exchange hepling many people who do not have the money to spend money as capital in their business. No need to carry cash with you : Due to the negotiable instruments it is became so easy to make payments through negtiable instruments such as cheques etc so that the use of cash is not their because most of the times when you are taking cash with you anywhere it is not felt secure that because the cash may do theft by any one.In other words you can say that negotiable instruments make us feel confident to deal at any place without the use of cash. Instant reciepts and payments of the dealings and transactions: We donââ¬â¢t need to wait for days to get money from the bank and from the other places but instead of it we just have to pay in the form of negotiable instrument such as cheque etc so that the people to whom we have to pay would receive that amo unt instantly.
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