An Outline of the Law of Contract - Free Essay Example

Sample details Pages: 5 Words: 1541 Downloads: 5 Date added: 2017/06/26 Category Law Essay Type Analytical essay Tags: Contract Law Essay Did you like this example? OUTLINE OF THE LAW OF CONTRACT A contract is simply an agreement between two parties which is enforceable at law. In order for an agreement to be legally valid there must be an offer, acceptance (unqualified) and consideration. INTENTION TO CREATE LEGAL RELATIONS In commercial agreements it is normally presumed that the partied intended to create to legal relations and enter into a contract, although that presumption can be rebutted by the courts. It all depends on the circumstance of the case. It should be noted that a mere promise to pay a sum of money or do something ; (unsupported by consideration) is not enforceable at law. The intention to create a legal relations may be adduced by the conduct of the parties, by pre-contract negotiations, correspondence etc. PRIVITY OF CONTARACT Normally only the parties to a contract have rights and duties under the contract this is known as privity of contract. In other words no contractual relationship can exist with a third party. CONDITIONS AND WARRANTIES In the terms of a contract one must distinguish between conditions and warranties. Breach of a condition can empower the injured party to consider the contract and enable him to claim damages for breach of contract. On the other hand breach of warranty does it not, of itself, invalidate the contract and the injured party can only claim for damages COLLATERAL WARRANTY (OR CONTRACT) A collateral warranty (or contract) may take two forms. Either the contract contemplated maybe one between the warrantor himself and the other party or it may be between the other party and some other person. ADVICE TO DICK JONES There is no privity of contract between you and Bryn Williams and, therefore, he cannot proceed against you for breach of contract however he may bring proceedings under the law of tort and he is doing so. You do have a duty of care in tort. There are a few decided cases in this regard. Until very recently the c ourt of appeal case of Diana Merritt v John Babb would have made the surveyor personally responsible to the buyer of the house for professional negligence. However , in the case decided as recently as August of this year, Mavis Russell v Walker co and Robert Chisnall Others, that decision seems to have been partly overturned. Following this case it would appear that the surveyor may be held personally responsible only if he is a sole trader (as in your situation) or gave the house buyer an indication that he would be responsible for the work. The terms of your professional indemnity insurance will specify that insurer will defend any proceedings. They will use either their in-house lawyers or external lawyers. You will only be required to follow their instruction, which you must do to the letter. Apart from that your only involvement maybe to give evidence. Let us know turn to the question of collateral damage and the measure of damages. Let us first itemise your probably li abilities: 1) The daughters asthma. This would require expert medical opinion as to the probable cause of illness. Questions arise here. Was the damp evident on a cursory inspection so that the purchaser (the plaintiff) could have either stipulated that the vendor should have it rectified before exchange of contracts or made a suitable reduction in the asking price? If it was not so evident was it reasonable to expect you to have noted it in your report? If the answer to the latter question is yes then you will probably be liable. 2) The problem in the back rooms. The same principle may be applied here as in 1) above. 3) Damage to the neighbours car. This is a difficult one. Was the tile so obviously loose as to e evidently a potential hazard? An experienced and qualified surveyor could not reasonably be expected to examine such minutiae as individual tile fixings. Let us now turn to the question of the measure of damages. Although one sympathises about the plaintiffs da ughters asthma this is all about money. If you are found liable how does one assess the amount of damages? It could be argues that the illness would be treated out of public fund ( i.e. NHS) so there is no monetary loss to the plaintiffs. We may then consider a claim under pain and suffering. This would be difficult to assess. I cannot predict what the court would decide. Subject to what I said earlier the plaintiff might be awarded substantial damages for this. The cost of replacing the windows in the back would be down to you. As an experienced surveyor you could estimate the cost yourself. As to item 3) I think the court might dismiss this. In 1) and 2) above it should be noted that the plaintiff has a duty to mitigate his loss. If he has not done so then the damages will be reduced. ADVICE TO BRYN WILLIAMS Although it is difficult to predict with any degree of certainty how a court will view matters and decide any particular case never the less I believe you have a strong chance of success. In Mavis Russell v Walker co and Robert Chisnall others the court decided that the surveyor would be held personal responsible if he was a sole trader or had given the house buyer an indication that he would be responsible for the work himself. In your case, as the defendant is a sole trader, it is clear that he would be held liable to any proven loss. If your case was brought before that date he would still be in a strong position because of the appeal courts ruling in the earlier case of Diana Merritt v John Babb, where the surveyor was held liable in tort to the plaintiff for professional negligence. Let us consider the implications under three headings of damage: 1) Your daughter asthma. Was the damp in bedroom 3 so obvious at the time that you viewed the house such that it was obvious from a cursory inspection. if so , you should have required the vendor to rectify it before exchange of contracts or made a suitable adjustment in the asking price. If n ot so obvious would it be reasonable to expect the surveyor to have discovered this? The answer to that, presumably, is that he could have discovered it with the use of a meter. You may require to call expert medical witness to testify the dampness is the cause of your daughters illness. 2) Similarly to 1) above, were the windows in the backrooms so poorly fitted that cursory inspection by you would have ascertained that they would be a problem? If so, again you should have required the vendor to make good at his expense before exchange of contracts or made a suitable adjustment in the asking price. If not then it is clear the surveyor is liable. There is an element of caveat emptor 1) and 2) above. Also you required to mitigate any damage or loss. Could you not have had your daughter sleeping in another room? As to 2) above, the least you could have done is to adopt the cheap expedient of using draught proving material to reduce heat loss. 3) The damage to the neighbours c ar. Here again we are dealing with the remoteness of damage. The court will probably decide that it will be unreasonable to expect a surveyor to examine, minutely and individuality, the fixing of roof tiles. In the light of this you will be advised to delete this from your claim. Depending on the excess under the policy and the terms of the policy you could probably claim this amount or part of it from your buildings insurer. 1) Your daughters illness. If it is proved that the illness is caused by the damp, then you have a right to expect damages. It is difficult to determine how damages would be assessed. Medication and treatment would be provided free under the NHS. so that the claim in this regard would have to be for pain and suffering; not an easy task to determine the monetary value if this. If your daughter is of working age and working and the illness has caused loss of wages this should be added to your claim. 2) You would most probably succeed in a claim for the cost of repaving the windows in all the back rooms. You could obtain an estimate from a builder. However, I doubt id=f you would be granted reimbursement for any electric and heating bills (see comment below regarding the duty to mitigate). 3) This has already been discussed and there no claim for financial reimbursement under this heading. As I said earlier, you have a duty to mitigate any loss or damage and the court will take this into consideration. In conclusion, I feel obliged to point out that costs follow the event. In other words if the case goes against you, you will not only have the burden of your own costs but will have to pay the defendants costs as well. Even your own costs might be high. You might win the case and you will finish up with little reward for your effort, if the court decides that, in all the circumstances not to award you costs. Don’t waste time! Our writers will create an original "An Outline of the Law of Contract" essay for you Create order

Symptoms And Treatments Of Post Traumatic Stress Disorder

Adam Baggs Mrs. Guzzo ENG3UI Monday, October 20, 2014 CAUSES, SYMPTOMS, AND TREATMENTS OF POST TRAUMATIC STRESS DISORDER IN RELATION TO HOLDEN CAUFIELD INTRODUCTION Post Traumatic Stress Disorder can affect any person who experiences a traumatic event throughout their life. Experiencing death at a young age and lack of parental support through a hard time can lead a young adult to develop Post Traumatic Stress Disorder (P.T.S.D.). In the novel, The Catcher in the Rye, by J.D. Salinger, When Holden’s younger brother, Allie Caufield, dies from leukemia, it is very difficult emotionally for Holden, as he was very close to his brother and receives very little emotional support from his family. Often times, symptoms such as sleep loss,†¦show more content†¦The purpose of this report is to prove how in the novel, The Catcher in the Rye, by J.D. Salinger, the main character, Holden Caufield, suffers from Post Traumatic Stress Disorder and to determine which treatments would be most effective for him. Causes of Holden’s P.T.S.D. Nearly any traumatic event that affects a person can be a causing factor of P.T.S.D, even if it is something that would not affect most at all. (Harris). Anything from seeing an unknown person being assaulted on the street, to being involved in a war can cause P.T.S.D. Generally, the risk of P.T.S.D. depends on the severity and proximity of the traumatic event. Experiencing the Death of a Person Many people experiencing P.T.S.D. experience it as a result of seeing a loved one injured or killed (Regehr 676). By seeing his brother Allie die of Leukemia at the age of 11, Holden experiences trauma. According to studies, the degrees of symptoms depend on the proximity of trauma exposure and the number of which one is exposed to (676). Holden’s trauma was very severe because it was his brother, who he was very close to, that passed away. In addition to experiencing his brother’s death, Holden also encounters a boy, James Castle, who jumps to his death while wearing Holden’s sweater (Salinger 170). Holden has been faced with two traumatic events in his life, one involving a person very close to him, therefore, this significantly increases his risk of P.T.S.D. Lack of Support â€Å"Parents have been shown

Real life Sinusoids Functions Click Now to Get Free Solution

Question: Describe about the Real life SINUSOIDS? Answer: A Sinusoidal function is a special type of periodic function which repeats at regular intervals and looks like sine or cosine plots, i.e., smooth symmetrical waves comprised of troughs and crests. The troughs are mirror images of crests. The general form of any sinusoid function is: y = A sin (Bx + C) + h or y = A cos (Bx + C) + h where, |A| = Amplitude of function, 2p /|B| = Time period, h = vertical shift, -C/B = phase shift (horizontal shift) Any phenomenon having a periodic behavior or wave characteristics can be can be modeled and represented by sinusoids. Real life applications include: modeling of temperature variance over different periods, modeling the nature of wind, tidal and many other seasoning conditions, representing music waveforms, electric currents and radio broadcasting signals, representing various periodic motions, like pendulum's, engine's piston crankshaft etc. frequency optimization in architectural activities etc. The artwork design is inspired from some real life sinusoid plots. The pictorial representation on the graph paper is similar to common signs used to identify various activities so as to merge it with corresponding sinusoids. For example: the upper part of artwork demonstrates the overlapping of 4 sinusoid functions creating a visual also used to sign tidal waves. The multiple graphs used in creating the artwork are produced by changing various parameters on which the plot of sinusoid function depends, namely, its Amplitude, frequency, vertical and horizontal shift. The amplitude defines the modulus value of highest peak of the curve. Higher is the value of |A|, more is the size (amplitude) of curve. The frequency, defined as the inverse of Time period of wave, defines the number of periodic oscillations. Hence more is the value of B, less is the frequency. The vertical shift, defined by 'h' is the vertical distance of curve from origin. Negative value of 'h' represents the plot below X-Axis and positive value represents the plot above X-Axis. The lateral or horizontal shift, equal to -B/C represents the phase shift of the curve. Any change in above defining parameters will result in corresponding change in features and characteristics of the plot, however, the shape for all remains a sinusoid.

The Merchant of Venice The Directors Interpretation Essay Example For Students

The Merchant of Venice The Directors Interpretation Essay The play The Merchant of Venice was written about 1596 by the great English playwright William Shakespeare. Although the play has gone through some revisions it has never been changed a great deal. In the past fifty or so years as Hollywood has come into light and the movie adaptations of some of Shakespeares greatest plays have been shown in a different perspective, they have given us other peoples pre-conceptions of the play. The Merchant of Venice is no different with several variations of the play on the silver screen. In this piece of work I am going to show how the director of the play has changed it in any way from what I thought of the original text. It was directed and produced by Jonathan Miller and starred Lawrence Oliver. As I read the text I had many of my own pre-conceptions about setting, characters, personalities, traits and how they moved around the stage, and that the play would remain intact on the big screen-how wrong I was. First I will deal with the characters how the text made me feel towards them and how I thought they would look. We will write a custom essay on The Merchant of Venice The Directors Interpretation specifically for you for only $16.38 $13.9/page Order now Lawrence Oliver portrayed Shylock enigmatically as he always had the presence of power and forcefulness on screen through his actions and words. I imagined Shylock to be a short, withered man who was quite plump, greedy, bald and of no conscience what so ever. The play made me feel no sympathy towards him as he was taking a mans life away and that he was the one who should be at the receiving end of the knife not poor Antonio and that he showed no remorse for what he was about to do. However in the film I saw a man who was six foot tall and was a proud man, who I felt the other characters were persecuting for being a Jew. When he was being referred to in the play he was referred to as the Jew not Shylock. I felt this was of no significance until I saw the film and was surprised to see how much hatred was put into the saying the Jew. As if hatred flowed through the one syllable word, if he was in the room people would refer to him as the Jew but not to Shylock but indirectly as if he wasnt even there. Yes he was a cold hard man but in my opinion the film made me feel sorry for him as he had lost a wife and daughter. Jessica Shellacs daughter is what I believe has fueled his hate of Christians as she has eloped and got married to one. But in the book it is said to have been Antonio the Christians good deeds towards the people who owe Shylock money and cant afford to pay and I feel that Shylock was the victim in this film and was the main character as it was all about the bond. I say victim because I didnt feel that in the play that there were any anti-Semitic feelings towards Shylock but in the film I felt that the other characters hated him, as he was a Jew. It was not the place of the other characters to judge Shylock for taking his bond as it was Antonio fault for making the bond between him and Shyllock as he shouldnt have gambled so much on the prevailing winds as we should say. Antonio is the merchant of Venice and as one of the plays main characters it was important to my vision of the play as to what he was like. I pictured a man in his late twenties, tanned and of high stature in society as he had a lot of money and his personality was that of happiness and of the joy of life which was being taken away from him by the cruel and tyrannical Shylock. Whenever I saw him in the film I saw a man of about 65 standing sullen as a priest at a funeral who was uncaring as to whether he lived or died at the hand of Shylock he kept, Saying take your bond. I felt no sympathy whatsoever for him as he didnt particularly want it. .u49e658ce2b3207d34a78caafc232bba0 , .u49e658ce2b3207d34a78caafc232bba0 .postImageUrl , .u49e658ce2b3207d34a78caafc232bba0 .centered-text-area { min-height: 80px; position: relative; } .u49e658ce2b3207d34a78caafc232bba0 , .u49e658ce2b3207d34a78caafc232bba0:hover , .u49e658ce2b3207d34a78caafc232bba0:visited , .u49e658ce2b3207d34a78caafc232bba0:active { border:0!important; } .u49e658ce2b3207d34a78caafc232bba0 .clearfix:after { content: ""; display: table; clear: both; } .u49e658ce2b3207d34a78caafc232bba0 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u49e658ce2b3207d34a78caafc232bba0:active , .u49e658ce2b3207d34a78caafc232bba0:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u49e658ce2b3207d34a78caafc232bba0 .centered-text-area { width: 100%; position: relative ; } .u49e658ce2b3207d34a78caafc232bba0 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u49e658ce2b3207d34a78caafc232bba0 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u49e658ce2b3207d34a78caafc232bba0 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u49e658ce2b3207d34a78caafc232bba0:hover .ctaButton { background-color: #34495E!important; } .u49e658ce2b3207d34a78caafc232bba0 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u49e658ce2b3207d34a78caafc232bba0 .u49e658ce2b3207d34a78caafc232bba0-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u49e658ce2b3207d34a78caafc232bba0:after { content: ""; display: block; clear: both; } READ: Victorian England In Hard Times EssayI felt his being cast as Antonio was all-wrong and that he was there as more of a sidekick to Shylock whom I felt was the main character. Portia I imagined to be a fair maiden in her early twenties with blonde hair and blue eyes who disapproved of all her suitors and must be a looker as she had so captively won the heart of the young Bassanio the prince of Arragon and Morocco. My preconception was all wrong as there was a woman who was about 40 wasnt that nice looking and to all viewers her personality towards everyone except Bassanio was less than pleasant. She constantly acted as a snobbish spoilt brat towards her servants and also her guests as she constantly forgot Jessicas name. In the play I got no hint of this. It didnt portray Portias disdain for young Jessica, as she seemed to view her in the light of a refuge from her fathers tyrannical reign and nothing more than that. I believe the director used his artistic freedom to add this in and if it were left out would have no real difference to the plot and since it was there add a whole new dimension to the play. Bassanio in the play was in my imagination was a man of 26 who was a gold digger and was more worried about Portia finding out how poor he was and leave him and he came off in the play as just thatch was a side track to the play and was a romantic distraction to the real theme of the play. Lancelot had no real impact on the play but to add backup to Bassanios claims and accusations. His main part in the play was the scene with him in his father and it added a comical element to the play was completely left out. Portias suitors I considered men of proud stature who talked with a posh accent, who were wore fine garments and clean shaven. I did consider the prince of Morocco as a bit bigheaded and the prince of Arragon to be a bit on the not so nice looking side. But this was beyond ridiculous, as they were at the far end of the spectrum of pompous and old. In all honesty they where used as a comical sidetrack. The prince of Morocco was extremely pompous man who thought that Portia would choose him no matter what. Even so the prince of Arragon was at least 59 years her senior and could barely see never mind live to marry Portia. Several Characters were left out such as The Duke of Venice, Old Gobbo who I considered to be important to the play as in my opinion his scene with his son Lancelot was one of comedy. Other people were left out of the play but were rather insignificant and it was understandable but it seems to me that the director took too many liberties when making this into a silver screen production. I also found that characters lines were shortened and that very often scenes such as the one with Old Gobbo and Lancelot were completely cut out. The director was able to convey different emotions through the words than what I thought, such as whenever Shylock is referred to as that Jew. In the play I imagined it to be said without an ounce of prejudice. It was said in the play with contempt of Shylock and could change what people think the plays theme is about from the bonds that exist between people to anti-Semitism. I also felt the play changed what my view of Jessica and how Important she was as Portia kept forgetting her name as if she was insignificant. Also of her father and how I thought she was happy about leaving him but after the trial of Antonio and the downfall of the Jew her father who was humiliated due to the fact that he had to become a Christian as this is unfair punishment. She is upset and looks sad, and there is nothing in the text to support these two things even happening. All in all the play didnt live up to my expectations and I believe the director took too many liberties when making the film. But it is true that my pre-conceptions of a book or play are different than the next mans.

The Grizzly Man

The Grizzly Man Introduction Werner Herzog made this movie in order to analyze the conflict between man and nature. He intended on showing that man cannot cause nature to dance to his tune, and it is this misconception that can sometimes lead to dire consequences.Advertising We will write a custom essay sample on The Grizzly Man specifically for you for only $16.05 $11/page Learn More The production Contrary to what one might expect from the movie, Grizzly Bear is not a movie about bears, foxes or wild scenery; it is a movie about the thin line between prey and predator, or man and his environment. The author intended on revealing how this boundary can get blurred very easily, but it must never be crossed. Treadwell often asserted that he liked it in the wild, and did not really fit in with humans. These sentiments are echoed in more than one way in the movie. He was induced into the much simpler world of the bears, and at times forgot that these were deadly creatures that could take away his life. Herzog believed that this was Treadwell’s great oversight. To the author, man should never lose sight of his place, or else nature would turn around and bite him. In the movie, Herzog comments that Treadwell thought of the human world as a foreign thing. He then likens the glacier, tumbling ice and abysses to Treadwell’s soul. He believes that the turmoil in that landscape was synonymous with the turmoil in the lead character’s soul. Treadwell was not able to tame these disturbances, and they eventually led to his ruin. The author wanted to contrast the illusions that were perceived by Treadwell and the reality that existed around him. The illusion was that Treadwell thought that the wild environment was a brilliant place. However, the reality (as posited by the author) was that bears were harsh, so humans could never really belong to their world because they were different. Herzog illustrated that regardless of one’s intentions, there were lines that should never be crossed. The author sums up his beliefs and intentions towards the end of the movie when he asserts that â€Å"I discover no kinship, no understanding, and no mercy. I see only the overwhelming indifference of nature† (Herzog 92) The author of the movie is probably addressing psycho analysts, sociologists and individuals who want to understand the human psyche. While the documentary is set in the wild, it actually focuses on human nature. Treadwell’s weaknesses were a reflection of human limitations. The author wanted to demystify the main character’s choices and preferences, but he wanted to achieve this through a respectful approach.Advertising Looking for essay on art and design? Let's see if we can help you! Get your first paper with 15% OFF Learn More Herzog addresses his main concern clearly and persuasively. First, he plays by the rules of nature programming; any good nature movie ought to hav e plenty of wildlife, a great lead character, an endearing story and beautiful scenery to boot. These elements were carefully interwoven in the documentary. He then offers his commentaries throughout the movie by adding little bits of facts as he goes along. For instance, at some point, he says that â€Å"Treadwell saw himself as the guardian of this land †¦ fighting the bad guys†¦But all this land is a federally protected reserve.† (Herzog 8). Such assertions were essential in advancing the plot. They informed the audience about the detachment of the lead character from reality through Herzog’s objective tone. In fact, the tone used by this author was one that gave him a vantage point because it contrasted him to Treadwell. While the narrator was calm, informative and objective, the lead character was moody, personal and delicate. This renders credibility to Herzog even as Treadwell continues to become more pitiable as the story unfolds. Conclusion The autho r of this narrative played the role of an analyst. He wanted to bring out the conflict between man and nature. Consequently, one can say that the story was intended for an audience with some interest in psychoanalysis. His objective and factual interludes were essential in rendering strength to his arguments. Work Cited Herzog, Werner. Grizzly man. Internet Movie Database, 12 Aug, 2005. Web.

Mali Music essays

Mali Music essays The Empire of Mali Introduction In its peak, the people of Mali occupied land as far west as the Atlantic Ocean. They also traveled as far east as Gao, the capital of the Songhai, as far south as the Niger bend, and as far north as the Sahara desert. They built a great empire between 1240 and 1337 that underwent a course of slow decline until the seventeenth century. History The empire of Mali originated from a small country known as Kangaba. Its people where known as the Mandingo (they have also been called the Malinke and the Mandinka). After the breakup of Ghana, the Sosso, who had caused the breakup, were still in power. Apparently Sundiata, an heir to the Mandingo throne raised an army and defeated the Sosso in the battle of Kirina. Afterward, Sundiata established the empire of Mali. He converted to Islam for support of the Muslim peoples. When Mansa Musa came into power, in the early 1300s, the empire reached its height. Mansa Musa traveled through Cairo on his pilgrimage to Me cca. It is said that he gave away so much gold that it dropped in value in Cairo for 12 years. Afterward the empire slowly declined, until, in the 1600s it was no more than it had been originally when it originated: the small kingdom of Kangaba. Government The government of Mali was a dictatorship. The dictator, who had the title of Mansa, was the sole secular and religious leader of his people, though not he did not enjoy the same power as Egyptian Pharaohs did. The base of government was located in the capital, known as Niani. It was once written by a traveler that a person could travel safely without fear of harm, and that the people of Mali hated injustice and the Mansa did not tolerate injustice at all. The military branch of government was constant. There was a standing army of professional soldiers, so that Mali was ready for a battle without having to raise an army every time. Religion The religion in Mali was divided between two groups. The mer ...

Trust and Household Finance Term Paper Example | Topics and Well Written Essays - 1000 words

Trust and Household Finance - Term Paper Example Research has it that the enhancing of individual trust to the right amount can improve the well-being of household finance. 1.0 Introduction Recent statistics have brought it to light that more than a third of the American adults who are approaching their 50’s have no retirement plan. They have also shown that more than half of the households in the country do not own any stock. It is very important to know the determinants of decisions in household finance. This is essential in the management of debt. This paper shows that trust is a major factor that affects the management of household finance. Trust is the fundamental confidence that is found in an individual towards others in return for something that was promised. A casual impact on trust is inflicted by an individual’s cultural background and early life experiences on the value of the trust. A trusting individual is many times more likely to put up investment in the financial markets in the belief that they will o btain a fair return on investment, and this encourages the individual to invest. Trust should thus promote investments. Trust also promotes responsible borrowing since when an individual is trusting then he or she is also taken to be trustworthy. Trusting individuals are thus expected to make more real and financial investments, they are also expected to comply with the financial contracts that they enter and avoid on taking excess debts. Because of this, an individual will save more and have better management of debt and their net worth will increase. Negative financial outcomes can greatly affect an individual’s level of trust. Trust has dynamic dimensions that arise from cultural influences and experiences in life. The extent, to which an individual trusts another, embodies in the core values that are inherited from family, religion, cultural and ethnic backgrounds, and are influenced by the individual’s life experiences and the characteristics of the community memb ers whom the individual interacts with in life. This are called the non-economic factors of trust. Prior literature has had it that these non-economic aspects of trust play major roles in financial decision making, in households. 2.0 Motivation and Hypotheses 2.1 Trust and Economic and Financial Decisions: Individual Level Evidence Research has shown that trust has appositive effect on the aggregate political and economic phenomena. It has shown that a higher level of trust in a region or nation is correlated with more economic investments and growth, less corruption and higher tax compliance among many other issues. Few studies have been carried out on the effect that trust has on the outcomes of the economy at the individual level (Jiang & Lim 1). Though these studies show that trust has a positive effect on the monetary and economic well-being of an individual, they fail to offer a comprehensive analysis of the effect that trust has on household finance. None of these studies ana lyzes the effect of trust on debt management (Jiang & Lim 8). 2.2 Hypothesis Development Trust is very likely to play a role in economic activities where transactions take place over a given period and an individual need to rely on the future and the observable actions of other people, such as their saving and investment decisions (Jiang & Lim 2012). Prior studies have shown that individuals who have the aspect of trust participate more in the