Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.
Guarantees individuals will not lose any money, up to a specified amount, held at any type of financial institution that fails.
Federal Deposit Insurance Corporation are the agency set up by government that is responsible for Insuring funds for depositors and eliminate reason for bank runs, charges institutions premiums based on total number of deposits.
The Agency is responsible for assuring depositors that their deposits can be gotten back fully even though the bank's financial situation may be serious or however it may be. The body was set up in 1933 to prevent bank runs that had been hindering the economy during the Great Depression and they generate moral hazard problems with the notion that big banks take on more risk knowing full well that the FDIC will see them as an organization that is too big to fail.