Two different countries, two different set of reasons and two different historic time frames.
• China: The sea ban was called <em>Haijin </em>in Chinese. It was imposed during the 14th century by Zhu Yuanzhang, the Hongwu Emperor due to a series of factors, including a very deadly and recent bubonic plague pandemic, Japanese piracy, the aversion of Neo-Confucianism towards Mercantilism, xenophobia and a very absolutist and monarchic conception of Chinese power as a “heavenly empire” with a quasi-divine emperor who did not send emissaries abroad. Foreign “vassal” states sent their emissaries and tributes to the “divine” Chinese Emperor. Any attempt to carry out private commerce outside of China was a capital crime, punishable by death and the offender’s family was subject to exile.
• Japan: The severe border restrictions were called <em>Sakoku </em>or closed country in Japanese. The main reason was that the ruling Shogun was extremely aware of the possibility of Spanish and Portuguese colonial powers using the spread of Christianity as a pretext to intervene in domestic Japanese affairs and colonize the country. With the arrival of Christian missionaries, many Japanese peasants were converting to Christianity and because of the egalitarian, fraternal and ethic tenets of the Christian faith they started questioning the divinity of the Emperor and the absolute power of the Shogunate. In order to prevent foreign colonization and to ensure local compliance with shogunate rule, foreigners were banned from the country under penalty of death. Only the Dutch and the Chinese were allowed to operate and conduct businesses in the country but without a permission to venture further than the port where they conducted business and trade.
Answer:
The Shiites believed that only line of Ali and Fatima could lead while the Sunnis believed that any faithful male from Muhammad's (Peace be upon him) tribe could lead. Yah and most muslims are sunnis but we all are muslims after all and we belive in one god (Hope it helps)
Explanation:
Answer:
My Car: I bought my car in 2015 from one of the local dealers. The Creditors can also use my car that currently as collateral. The car registration book has my name inscribed on it hence I own the vehicle. In the event of a need for credit, the creditors would lend me money worth the car. An attachment would occur when I sign the creditor’s contract with the bank in the condition of the car as the security.
My Land: Apparently I was deemed the legal owner of the land because I possessed an authenticated original title deed pertaining to the land with my name written on it. I signed the security agreement or the credit contract and as such the bank gained interest in the collateral hence attachment.
My AC: For the AC, a similar procedure has to happen in a secured credit transaction. Given that, I have all the receipts about the AC, I can use it as collateral. The creditors can lend an equivalent value to the AC. To seal the security agreement, I would sign the credit contract hence an attachment.
For each of the three items, explain if and when perfection occurred.
According to Distenfield & Distenfield (2005), the perfection of a security interest is the act of ascertaining one’s interest in a collateral hence preventing other parties from creating an attachment to the same collateral. Such parties would include other creditors and bankruptcy trustee among others. For the land, the creditor would perfect its interest by possessing the title deed pertaining to the land. Alternatively, the creditor would perfect its interest in the land collateral by filing a financial statement with the necessary public office. Just like the land, the creditor can possess the car's registration book hence perfection. Lastly, the creditor possesses the AC collateral hence perfecting in the collateral.
Explain the priority each of the creditors would have if you defaulted on your promise to pay
In an event of my failure to pay the already secured credit transaction, the creditor would obtain the collateral in lieu of the payment. The priorities of the creditors should only pick the items listed as securities and only those he or she has a security interest. For example, the creditor cannot take personal property or the home as collateral if it was not part of credit contractual agreement.
Explanation:
Profits from the Americas caused growing inflation in Spain, <span>The costs of many wars rapidly emptied the Spanish treasury.</span>
