Easily Remove Alternative Choice in the Allocation Agreement

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How to Remove Alternative Choice in the Allocation Agreement

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hey its Jim and this is level three of the CFA program the topic on alternative Investments for portfolio management and the module on asset allocation to Alternative Investments I bet you know that this is another relatively long module so what we have done is divided it into part one and two the good news is that there are a number of items inside of these losses that we just covered in that last module remember I think that was called hedge fund strategies so of course inside of this asset allocation to Alternative Investments module theres an emphasis on hedge funds so hopefully this will be just a little bit of a review from what we did in that last and that last recording but of course theres plenty of new stuff in here now I want you to pay attention to these losses as we go through the slide deck because there are 20 really really good questions at the end of this module and I want to make sure that we cover all that material so that youre prepared to to answer those brief

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Can a contract be modified without new consideration?

Thus, under common law rules, parties who wish to modify a contract will need to provide new consideration (i.e., something of value).

Can consideration be modified in a contract?

Under common law, a party to a contract needs new consideration -- something of legal value -- to modify a contract. The party obtains new consideration by negotiating with the other party to change the consideration on both sides of the contract.

What are the 3 requirements of consideration?

In order to form a valid contract, consideration must meet the following conditions: It must be something worth bargaining for. It must benefit all the parties to the contract. It must be something of value.

What is choice and allocation?

The issues of social groups selecting among alternative possibilities and deciding on allocations of scarce goods and resources, coupled with the use of power to enforce certain decisions, are central to two disciplines, political science and economics.

Is consideration necessary for modifying a contract under law?

In general, consideration is one of the essential requirements that both parties must provide before a contract can be binding (some types of contracts are excepted, however). Also, if one party wants to make modifications to the original contract, they must also furnish adequate consideration.

What can replace consideration?

synonyms for consideration application. attention. debate. deliberation. discussion. examination. review. scrutiny.

What are the three resource allocation decisions?

When we talk about allocation of funds for healthcare, we need to consider three distinct levels of decision-making. Level 1: Allocating resources to healthcare versus other social needs. Level 2: Allocating resources within the healthcare sector. Level 3: Allocating resources among individual patients.

How do you account for contract modifications?

A contract modification that only affects the transaction price is either accounted for prospectively or on a cumulative catch-up basis. It is accounted for prospectively if the remaining goods or services are distinct. There is a cumulative catch-up if the remaining goods or services are not distinct.

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