Transcendentalism In The Adventures Of Huckleberry Finn

What does it mean to be a remarkable individual in today’s society compared to the 1800’s? Mark Twain exposes the flaws and morality of white society through fourteen year old protagonist, Huck Finn, in his satiric novel, The Adventures of Huckleberry Finn, set during the Antebellum South, Mississippi River published in 1884. The novel criticizes the racism, slavery, and the hypocrisy that existed in the white â€Å"civilized† society to provoke a social change. Walt Whitman continues the same ideology in his poem, â€Å"Song of Myself,† from the Leaves of Grass collection voices his opinion on the racial prejudice he witnessed through a philosophical point of view about the universe. As a transcendentalist, Whitman strongly advocates for the unity†¦show more content†¦Widow Douglas forces Huck into white society standards by making him wear new clothes, come when called, pray before dinner, and listen about Mosses after dinner (para. 3 and 4). W idow Douglas wants Huck to be â€Å"civilized† as she correlates being well-behaved with being able to enter heaven. She believes Huck not complying with her rules determines if Huck will being go to â€Å"the bad place† or heaven. The level of civilization and respectability is based off of religion. Because of Huck’s different beliefs and morals, Widow Douglas feels it is her responsibility to â€Å"civilize† him in order to change him into a polite, well-mannered individual. Freedom to Huck can be defined as liberation from the corrupt white society represented by Miss Watsons Home as illustrated in Mark Twain’s satirical novel, The Adventures of Huckleberry Finn. Widow Douglas chooses to â€Å"civilize† Huck in which he responds by getting into his old clothing that makes him feel â€Å"free and satisfied† (para. 2). Huck views society standards as idiotic and senseless. He prefers defying society because of the freedom he gets to express his individuality. To Huck, his freedom is the equivalence to his happiness. When Huck is describing the woods, he personifies it to be someone who understands his and accepts him for who he really is (para. 8). Huck feels the most free when he is in the woods which is the antithesis of civilization andShow MoreRelatedThe Adventures of Huckleberry Finn by Mark Twain628 Words   |  3 Pages Transcendentalism can be observed throughout the text of The Adventures of Huckleberry Finn and through the text textbook examples of Transcendentalism can be seen from the cast of characters and Huck himself and the situations/adventures that he gets himself into throughout his journey, a journey which enables him to develop his Transcendental ideals.. Transcendentalism is a vital part of The novel The Adventures of Huckleberry Finn. By reading and studying the content of the Adventures of HuckleberryRead MoreThe Adventures Of Huckleberry Finn By Mark Twain1154 Words   |  5 PagesToltzman 12 December, 2014 Transcendentalism in Huck Finn Many Readers gain much knowledge from the works Of Mark Twain. Huck Finn is one of the works of the last two hundred years. The author, Mark Twain was a famous Transcendentalist that gained popularity in the 19th century. In research of his works, Mark Twain’s novels involved many transcendentalist ideas. Huck Finn is one of key factors in the ideals of transcendentalist. The novel, The Adventure of Huckleberry Finn is Mark Twains works to spreadRead MoreTranscendentalism Expressed Through Huck Finn1706 Words   |  7 Pages2015 Transcendentalism Expressed through Huck Finn Many times an authors purpose of writing a fictitious story is to not only create a story for the reader to enjoy, but to allow the reader to get something out of the story that they may not have thought about on their own. Often times the inside meaning in a story may involve something about society that the author either likes or dislikes and wants you to think about the problem yourself. In the story, â€Å"The Adventures of Huckleberry Finn† the authorRead MoreTranscendentalism In Huckleberry Finn1295 Words   |  6 PagesIn the novel Adventures of Huckleberry Finn, Mark Twain juxtaposes two environments that tackle many different aspects of life. From Christian reforms, domestic abuse, and slavery to reflective solitude and liberation, Twain brings together a plethora of obstacles for the main character Huckleberry Finn and his companion Jim to encounter and assimilate. The two contrasting settings depict intermingling themes of the repressive civilization on land, the u nrestricted freedom on the raft, and the transcendentalismRead MoreChanging Views And The Changing Blues1657 Words   |  7 Pages Cameron- 4th Hour Honors American Literature 9 January 2015 The Changing Views and The Changing Blues Mark Twain himself had this to say about his novel: Huckleberry Finn is a book of mine about a boy with a sound heart and a deformed conscience that come into conflict...and conscience suffers defeat.† In The Adventures of Huckleberry Finn, his view of society starts out as naà ¯ve and childish, but as he experiences life on the Mississippi, he grows into a man with a realistic standpoint of whatRead MoreThe American Dream Through Literature1496 Words   |  6 Pagesas Henry David Thorough and Walt Whitman, and works like Moby Dick and The Scarlet Letter, each emphasizing and glorifying individualism. The pioneer of this movement, Ralph Waldo Emerson, a poet and essayist, wrote volumes on the beliefs of transcendentalism. One essay in particular, â€Å"Self-reliance†, set in stone the role of the individual in the American Dream (Izaguirre 19). In the essay, Emerson writes, â€Å"There is a time in every man’s education when he arrives at the conviction that envy is ignorance;Read MoreThe Adventures Of Huckleberry Finn By Mark Twain1545 Words   |  7 PagesSince the creation of mankind, nature has provided us with the resources to survive by providing humans with food and shelter, which is why humans view nature as a home. In Mark Twain’s novel, The Adventures of Huckleberry Finn, the main character Huck tries to escape to the north with a runaway slave named Jim. While in nature, they learn how to trust each other and develop their own opinions instead of following what society believes is right. In Emerson’s short essay, â€Å"Nature†, Emerson describesRead MoreEssay on The Adventures of Huckleberry Finn: The Individual Supremacy1956 Words   |  8 Pagescornerstone of many individuals’ philosophy and has been proven ubiquitous in the writings of many American authors. Specifically, the author Mark Twainâ€℠¢s great American novel, The Adventures of Huckleberry Finn, supports this idea of the American Transcendentalism by revealing the maturation of protagonist Huckleberry Finn to incorporate individual thoughts. Twain employs changing stylistic devices in the three parts of the novel to compel the audience to realize that self-conviction is more favorableRead MoreBrief Survey of American Literature3339 Words   |  14 PagesAmerican literature, usually called the Renaissance of American literature Early Romanticism Henry Wadsworth Longfellow James Russell Lowell John Greenleaf Whittier James Fenimore Cooper Washington Irving William Cullen Bryant New England Transcendentalism Ralph Waldo Emerson Henry David Thoreau Margaret Fuller High Romanticism Walt Whitman Emily Dickinson Nathaniel Hawthorne Herman Melville Edgar Allan Poe Early romantic writers Washington Irving (1783-1859) The first American

Media s Interpretation Of Global Warming - 992 Words

Media’s Interpretation of Global Warming A major problem and controversy that’s continuing to build up in the world, is global warming. There are two opposing sides to this controversy. One side are scientists and environmentalists who use collective data in order to prove that global warming is real and caused by human activity. The opposing side are interests groups such as an oil company or individual, who believe that global warming is just a bogus subject and misleading information put together by the media. The mass media plays an important role in this controversy because it continues to show information from both sides of the argument, leading to a standstill. The new era of digital communication is where the media influences a lot of people into either believing that humans are the cause of global warming or that they aren’t. A perfect example of a news website that supports global warming, is called Live Science. Live Science posts many scientific stories and information that have to do with current events. A few examples of some of the different kinds of news stories that Live Science posted that connects to global warming, are polar bears in the northern regions struggling to survive, record breaking droughts in California, and large amounts of ice caps melting in Antarctica (Global Warming). In this situation, the media is trying to show that human activity is what’s causing these negative events. Another example of a news website that tells the exact oppositeShow MoreRelatedAnnotated Bibliography on Global Warming1303 Words   |  6 PagesAnnotated Bibliography on Global Warming: Fact or Fiction Fumento, Michael. â€Å"The Cooling Off on Global Warming.† The Washington Times 8 July 1999: 15. LexisNexis Academic . Academic Universe. W. I. Dykes Lib., University of Houston-Downtown. 20 Feb. 2010 http://www.lexisnexis.com.ezproxy.uhd.edu/hottopics/lnacademic/ Fumento explains that a nonprofit group called Public Agenda and American Geophysical Union (AGU) has reported on public frustration about global warming and other pollutants. ThisRead MoreHow Ecology Is Being Affected by Climate Change892 Words   |  4 Pageshurdling to prove and disprove the existence of global climate change. I assert that the symptoms that our planet is suffering are the truest indications to justify worrying about our collective future on this land; which I will present in terms of how the ecology is being effected by global climate change. In an article reporting the findings of a study conducted in Israel by Tarryn Schuldiner-Harpaz and Moshe Coll entitled Effects of Global Warming on Predatory Bugs Supported by Data Across GeographicRead MoreThesis Statement : Global Warming1851 Words   |  8 Pages Thesis Statement: Global warming is a growing concern of scientists and researchers who believe that it is a serious problem for our planet. The concerns and research have also been questioned and have even been called myths. Millions of people find themselves affected by these weather pattern changes and are concerned for their futures. Activists on both sides of the argument are very passionate and not afraid to attack each other in every way they can. There are many questions that are still notRead MoreStaples Inc. Description.963 Words   |  4 PagesStaples.com, Staples.ca, USPS and Quill.com and through its retail stores, CRM its contract sales force, and its mail catalog businesses (para. 1). Problematic Area In 2015, half of the market value of Staples Inc. was wiped out, the company s shares declined by forty-eight percent (Egan, 2015). Berr (2014) In 2014, Staples Inc. announced that it will shut down one hundred forty stores in North America (para. 3). Numerous factors have contributed to this decline. One of them is that the marketRead More Media Portrayal of Environmental Risk Essay2931 Words   |  12 Pages Media Portrayal of Environmental Risk: Dissemination or Delusion? Transmission of ideas and information through media avenues like television and the press are the predominant means by which much of contemporary culture and the developed world obtain vital information. The media has an enormous impact on the public’s conceptualization of ideals: societal perceptions are shaped by the information made available to us through the different venues of media. Examining how the transmittal of informationRead MoreResearch Paper on Climate Change: the Myth of Global Warming4031 Words   |  17 PagesResearch Paper on Climate Change: The Myth of Global Warming DEDICATION This Research Paper is lovingly dedicated to our respective parents who have been our constant source of inspiration. They have given us the drive and discipline to tackle any task with enthusiasm and determination. Without their love and support this project would not have been made possible. ACKNOWLEDGEMENT We would like to acknowledge the contributions of the following group and individuals to the developmentRead MoreResearch Paper on Climate Change: the Myth of Global Warming4045 Words   |  17 PagesResearch Paper on Climate Change: The Myth of Global Warming DEDICATION This Research Paper is lovingly dedicated to our respective parents who have been our constant source of inspiration. They have given us the drive and discipline to tackle any task with enthusiasm and determination. Without their love and support this project would not have been made possible. ACKNOWLEDGEMENT We would like to acknowledge the contributions of the following group and individuals to the developmentRead MoreMotivation For Boko Haram s Attacks848 Words   |  4 PagesDifferent sources have different causes of what they say was the motivation for Boko Haram’s attacks. Some sources say it was the killing of their leader in 2009 and some even say that the it was due to global warming within that country, but whatever it is, it is a big problem not only for the Islamic states but all of the other countries of the world. Their different attacks seem to show what the source of this motivation was. The group is very hard to understand in terms of their overall motivationRead MoreGeographical Location Of Climate Change1405 Words   |  6 Pagesand paleo-environmental data, however, the volume seeks to understand the social, political and economic significance of climate change as it was manifested in various ways around the Old World. Contrary to perceptions of threatening g lobal warming in our popular media, and in contrast to grim images of collapse presented in some archaeological discussions of past climate change, this book rejects outright societal collapse as a likely outcome. Yet this does not keep the authors from considering climateRead MoreStrategic Action Disney s International Business Essay3015 Words   |  13 Pageskeen to adopt western cultures which mean that Disney characters and management style were not significant problem in Japan. Japan tends to easily accept that a foreign culture. Accept without any criticism, without the traditional interpretation of foreign cultures. Japan s isolation in the geopolitical side is always a strong interest in and curiosity about foreign cultures. Disney also could be a successful business in Japan because of the generosity of the Japanese people for foreign cultures. With

The Hard Times by Charles Dickens Free Essays

The book Hard Times written by Charles Dickens is a story about a Lancashire Mill Town in the 1840†³s. The novel is divided into three books. Dickens titles the books accordingly to prepare the reader for what is about to come, and throughout the novel he shows the effects of the education system, the setup of the caste system, and the Industrial Revolution had on society through this small town of Coketown. We will write a custom essay sample on The Hard Times by Charles Dickens or any similar topic only for you Order Now The main characters of the novel show the English caste system of the 19th century by showing how one influences the other and the amount of power the bourgeois now have in society. They own the factories. Therefore, they have the money and, because of the changes coming from the revolution, have some power in society. The titles of the three books, â€Å"Sowing†, â€Å"Reaping†, and â€Å"Garnering† shows significance in the way Dickens is trying to help the reader get an understanding of what is to come. Dickens shows the way the working classes are fighting for a say in the way they are treated at work by forming unions and how a bad negotiator can ruin things. He shows from the start that the education system is based on â€Å"fact† and not â€Å"fancy. The breakdown of the â€Å"fact† based education is shown when Gradgrind himself asked a question that is not fact based. In the end, the whole system of education is reversed and the â€Å"fancy† is fancied. The novel can be summarized as a book about two struggles. One struggle is between fact and imagination and the other is the struggle between two classes. Thomas Gradgrind, the father of Louisa, Tom, and June not only stresses facts in the classroom in which he teaches, but also at home to his family. He has brought up his children to know only the â€Å"facts. Everything is black and white, right or wrong with nothing in between. Gradgrind does not like the idea of going to the circus or having flowered carpet. Everyone knows a person cannot have flowered carpet. He would trample all over them and they would end up dying. The second struggle is between the classes is illustrated between Stephen Blackpool and Bounderby. Blackpool represents the working class and Bounderby the bourgeois or middle class. He is a warm-hearted man who feels he deserves this mediocre life. Blackpool was once an employee under Bounderby and was fired for standing up for his beliefs. He believed that the union was taking anything that was given to them because they could not expect anything better. Stephen stands up for his fellow workers asking for reform and this makes Bounderby mad so he fires Stephen. This was typical during the Industrial Revolution. The run down society Dickens speaks of is that created by the Industrial Revolution. The air is filled with smoke that the working class have to breath. The water is turning colors with pollution caused by the factories. The people who are most effected by this are people like Blackpool, the lower class. Dickens shows Stephen and Bounderby as a typical worker-employer relationship. Dickens shows the way in which the factories were run at this period. A person could lose their job simply by disagreeing with what he felt was wrong because the employer did not really care about the employee. This is the way the workers were treated with no respect. In contrast to the industrial revolution, it would be highly unlikely that a middle class citizen such as Bounderby to employ an aristocrat. The titles of the three books (â€Å"Sowing†, â€Å"Reaping†, and â€Å"Garnering†) are named in a way of giving a special reference to the upbringing and the education of the children. The titles together show the basic plot of the story. â€Å"Sowing,† suggests that in the 1st book the idea of the children being sown with facts and it also lays the foundation of the plot of the novel. They are being taught fact. Where 2+2= 4 and nothing else matters, there is no gray area. Everything is either black or white and nothing else. They are not taught emotion. The 2nd book talks of the reaping or harvesting. In this book, Dickens shows that whatever was sown in the first book, the consequences are now being seen. For example, Louisa Gradgrind Bounderby was sown with the seeds of Fact. She used facts to decide upon marrying Bounderby. It would help Tom out and get him a high position in Bounderby†s bank. We can tell that she did not want to marry Bounderby when she said, â€Å"There seems to be nothing there but languid and monotonous smoke. Yet when the night comes, fired bursts out, father! † This seems be symbolism to a negative view of marrying Bounderby. In other words, she is saying that there would be repressed feelings of passionate love and if this marriage would to happen and deny her the opportunity of love. She would be susceptible to being seduced. This almost happens with Mr. James Harthouse. Here Dickens is referring to the Bible where there is a concept of â€Å"whatsoever a man soweth, that shall he also reap†(Galatians 6:7). Thus, being married to Bounderby, Louisa had harvested an unhappy marriage. The 3rd book, â€Å"Garnering†, is about how characters are starting to pick of the broken pieces of their lives. Mr. Gradgrind starts to help his children put together pieces of their lives by promising to teach them the â€Å"fancy† or emotional side of life along with the â€Å"facts. † The main characters in the story are representative of the 19th century caste system. The aristocracy is represented through Mrs. Sparsit and Mr. Harthouse. Mrs. Sparsit is motivated by an underlining jealousy towards Bounderby; she works for him, throughout the book. During this time in history, there was a conflict of power going on. The middle class was gaining it and the aristocracy was losing it. Mrs. Sparsit despises Bounderby and his philosophy that he is a â€Å"self-made man. † Mr. Harthouse lives the life of a typical aristocrat. He lives the idle life, only moving to Coketown to find something to occupy him. He tried to steal Louisa away from Bounderby. This shows that Harthouse still felt that the rules didn’t apply to him being aristocratic. Bounderby, Thomas Gradgrind, Tom Gradgind, and Louisa Gradgrind represent the middle class. Bounderby is the typical successful middle class citizen of this time. He has a lot of wealth and influence and he does not care about his employees. The father, Gradgrind, is driven by a firm belief in his educational system. Therefore, pounds facts into his children. Tom Gradgrind is later revealed as very weak and becomes a person only interested in what he can get no matter how it affects other. He is heartless. Louisa is a poor girl trapped in the middle. Both her father and brother push her to marry Bounderby. She only does this to make them happy, but we see throughout the book that she has an interest in the fancy side of life. Sissy Jupe and Stephen Blackpool represent the lower class. Sissy Jupe is orphaned at the beginning. Blackpool is a worker for Bounderby. Both are very uneducated, but very compassionate people. Blackpool and Jupe show throughout the book the typical lower class citizen. They were very compassionate towards their fellow man and help whenever they could. In looking at the aspects of the 19th century. Dickens gives a description about how the â€Å"hands†, or the workers, were being mistreated and that there was little hope that they would be helped. Dickens† views towards unions at this time are that they were just as corrupt as the employers. Slackbridge is one of the union agitators. He claims to be for the union, but Dickens describes him as a false prophet. He was not a very good negotiator for the union. Even his name suggests that he is a very poor â€Å"bridge† between the workers and the owners. Slackbridge takes whatever is offered and that is not much at all. The Gradgrind education system backfires on Gradgrind himself. This is seen through an ironic situation between him and Bitzer, Bitzer was an excellent product of the â€Å"system. † Bitzer had stopped Gradgrind†s son Tom from leaving town. Tom had been caught stealing money from Bounderby†s bank. By this time Gradgrind has become a more emotional man, torn down by the constant failure in life by his own children. In an effort to save Tom from any jail time, he was planning to send Tom away from town. The emotions felt by Gradgrind become too much for him and in a â€Å"broken down and submissive† manner asks Bitzer, â€Å"have you no heart. † Bitzer replies. â€Å"No man, sir, acquainted with the facts established by Harvey relating to the circulation of the blood can doubt that I have a heart. † The irony is that Gradgrind taught Bitzer to think in this manner. Bitzer uses facts to undermine a question clearly related to compassion, which Bitzer does not have. Gradgrind would have answered the question the same way at the beginning of the novel. Toward the end of the book, fact and fancy became reversed. Why was that? It was because of the realization that the Gradgrind education system failed. Teaching only facts was not the best way of eduacating the children. Gradgrind himself figures this out when he sees his own children failing at life. Dickens illustrates that the education system of this time was educating people to not think on their own. Their imaginations were suppressed and that it also was not interested in making well-rounded students, but denying children their childhood. The significance of the ending being in the circus is that is the complete opposite of everything that was being taught at the beginning. The institution of the school of fact is totally gone. A new way of looking at life has arisen. Facts can no longer the only thing in life. The necessity of compassion, love, and understanding are now shown to be of more importance that learning facts alone. The entire Gradgrind system of facts proved to be a failure, and Gradgrind learns that emotions and imagination are the controlling forces in everyone’s life. Gradgrind is filled with repentance for ruining the lives of his children, as he decided to make â€Å"his facts and figures subservient to Faith, Hope, and charity. † In Dickens three books in the novel, we are shown the effects of the education system, the caste system, and the Industrial Revolution had on society through this small town of Coketown To me the book was a good portrayal of what life in the 19th century would have been like. The breakdown of society from a single towns standpoint through the eyes of Dickens is amazing. In my opinion, I felt that the voice of Gradgrind had the most impact throughout the novel. As the novel progresses, so does the attitude of Gradgrind. He slowly faded away from his idea of education of nothing but fact, to completely abandoning that philosophy and promises to intertwine the two. Also, he showed that he was a stronger man, by standing up to Bounderby when Louisa came home. He allowed her to stay and Bounderby divorced her. Gradgrind did this out of love and with no concern about what Bounderby thought or would â€Å"say† about it. How to cite The Hard Times by Charles Dickens, Papers

Mortgage Broker Real Estate Investment

Question: Discuss about the Mortgage Broker for Real Estate Investment. Answer: Borrowers Details Andrew Bisset and Jane Bisset Andrew has been in the Real Estate business for more than twenty years. Jointly with his wife Jane, the couple have a family trust The Bisset Family Trust. This family trust owns six shops at 55 Park Road, Belmont, valued at $1,450,000 about two years ago. Currently, these shops are under pledge with ABZ Bank and the trust owes $625,000 to the bank. Five of these shops are rented out and the sixth one is occupied by Andrew from where he conducts his real estate business under the name Bissets Real Estate Pty. Ltd, say Baum Baum, (2015). Andrew draws an annual salary of $78,000 from the company but Jane has stopped active participation in the business from this financial year. In the previous financial year, when Andrew and Hooper were partners, Jane worked as Property Manager drawing an annual salary of $43,000, whereas Andrew got $55,000 as his share from the partnership business, as per Baum Baum, (2015). Background Bissets Real Estate Pty. Ltd. This company was floated by Andrew at the beginning of last financial year. Andrew and Jane are the two directors and this came into being after Andrews former partner Joseph Hooper retired out of the partnership business. Andrew has more than 22 years of experience in the real estate business and during this period he has been dealing in properties in the South East area of Brisbane, assert Erp Akkermans (ed.), (2012). His speciality is in the Commercial and Industrial properties, both for rent as well as sale assistance, though the rent component is more than 75%. The existing six shops which the Bissets now own in the Shopping Centre situated at 55 Park Road, Belmont QLD 4171 have a combined area of 1850 m2 and the area has been zoned as Commercial by the authorities. Presently, these six shops are rented out, the details of the contract, the tenants and their terms are listed below. Although the terms of tenancy are, in all cases, above one year, Andrew has put a clause of revie wing the rents every year in accordance with CPI, as detailed by McFarlane, Hopkins Nield, (2012). Tenant Rent Term Review J R Blend T/A Blend News $22,000 pa net 3 + 3 years Annually by CPI Copelin Accounting Pty Ltd $18,000 pa net 1 + 1 + 1 years Annually by CPI R Spragos T/A Rogers Dell $28,000 pa net 5 + 5 years Annually by CPI Vu Nguyen T/A Care Pharmacy $20,000 pa net 3 + 3 years Annually by CPI M Goodson T/A Good Alterations $8,000 pa net 3 + 3 years Annually by CPI Bissets Real Estate Pty Ltd $42,000 pa net 3 + 3 years Annually by CPI Loan Purpose The main purpose of availing this loan by the Bissets is to develop a shopping centre on a vacant piece of land admeasuring 3000 m2 which is close to the commercial centre where they already own six shops. Although the land is presently marked as Special Purpose Zone, the local council in its new development policy has agreed to mark it as Commercial Purpose Zone but it may take another two years for the policy to be notified. The Bissets have already have a commercial loan from their regular banker, the ABZ Bank but unfortunately ABZ Bank does not finance properties marked under the Special Purpose Zone. Hence, Bissets approached me to make arrangements with a private investor for a loan of $625,000 to purchase this land which they have contracted for $600,000 and whose settlement is due in 60 days. Bissets also require $25,000 to cover the cost of stamp duty and will be buying the land in the name of The Bisset family Trust, as explained by McFarlane, Hopkins Nield, (2012). Facility Details I have outlined below the process for arranging the finance for meeting the requirements of my clients. The timing of the whole process will depend on the flow and availability of information and provided the lender does not find any complexity in the contract documents, the process can be completed in about 7 working days to get approval of unconditional finance. A further time of one week is required for preparing the loan contract and settlement to be ready, asserts Hinkel, (2010). Process Provide the clients with the Proposal Documents, including my recommendations. Complete the application and submit it to the lender. After the Lender has conducted the credit check and assessed the application, it will confirm its approval and accordingly I will inform the client The lender will ask for a valuation report from a valuer and will advise me or you directly, to expect a call from the valuer for verification of contract documents, asserts King, (2015). As soon as the Valuer gives the report and it is found in order by the lender, the lender will advise to prepare documents for the disbursal of the loan amount. Subsequently, I will meet you and we will go through the loan approval documents in order to ensure that there are no errors. We will prepare answers to queries, if any, posed by the lender and then will sign the contract document, with you as the borrowers and I acting as the witness, as per King, (2015). Funds Position Andrew and Jane Bissets Joint Financial Information ASSETS Owned house 12 Currumbin Close, Carindale QLD $560,000 Share Portfolio of Blue Chip Listed Cos. $345,000 Motor Vehicles $60,000 Furniture $85,000 Cash at Bank $45,000 Total Assets $1,095,000 LIABILITIES Home Loan with ABZ Bank $190,000 ABZ Bank Credit Card (with limit of $20,000) $10,000 Total Liabilities $200,000 NET SURPLUS $895,000 Income Statement of Bissets Real Estate (Partnership) Gross Revenue $422,000 Net Profit $84,000 Depreciation $16,000 Directors Super Contribution $11,000 Income Statement of Bissets Real Estate Pty Ltd Gross Revenue $346,000 Net Profit $72,000 Depreciation $14,000 Directors Super Contribution $11,000 Income Statement of Bissets Family Trust Gross Rental Income $138,000 Loan Interest $52,000 Management Fees (paid to Bissets Real Estate Pty Ltd $11,000 Net Profit $50,000 Depreciation $25,000 Financial Position of Bissets Real Estate Pty Ltd ASSETS Business Goodwill $250,000 Plant Equipment $35,000 Debtors $30,000 Total Assets $315,000 LIBILITIES ABZ Bank Overdraft Limit $25,000 (Limit of $40,000 secured by residence) NET SURPLUS $290,000 Servicing Capacity The serviceability calculations have taken into consideration the Debt Servicing Ratio and the Net Cash Position of the companies and finds them strong enough for servicing the fresh loan. The Bissets are taking this loan to expand their property network. The conversion of this land will be possible in about 24 months and the Bissets are prepared to wait. Keeping the lending policies of the lenders in view, the serviceability assessment of Bissets has been done by taking into account the lower income options, as explained by Megarry et al, (2012). Security Bissets are offering their six shops as well as the new project which they will develop on the purchased land as collateral security for the borrowed amount. Calculating on the basis of 10% interest charged by the lender, the outgo of the Bissets will be $60,000 p.a. on the new loan. Taking into account their current rental income and also the proposed income from the new project, serviceability of the loan will not be difficult for the Bissets, as per Sexton Bogusz, (2013). Risk Assessment The Bissets have a long and successful history of managing a property business and have established a solid base of clients who will offer them a steady flow of business, as detailed by Ashworth Perera, (2015). Recommendations This recommendation is based on the Bissets having An impeccable credit history A reliable business practice Retain sufficient cash surplus The potential to increase business income Maintained a stable growth Attachments Documents Attached Serviceability Assessment Copy of Contract Document for the land Evidence of Bissets income Details of Bissets cash and bank Detailed statements of Bissets loan and overdraft from ABZ Bank Mortgage broker Part a: the client MEMO Date: 27/06/2016 From: John Stone, Mortgage Broker To: Ray Henley and Steve Manning, Directors in Henman Holdings Pty. Ltd. Subject: Commercial Equipment Finance: Information and Documents Required Hi Ray Steve, I am pleased to accept my appointment as your agent for arranging finance to purchase commercial equipment for your business expansion. Ive listed below my requirement of supporting documents and information to complete the loan application. Asset Liability Statements of the companies in which you are the directors. Copy of your drivers licence Current residential address and period there Previous residential address(if any) and period there Name of spouses their age and number Number of dependents Details of other personal or investment income Copies of your and the trading entities past two years tax returns ACN ABN details of both companies Copy of Trust Deed and Trust ABN details Accountant name and address Solicitor name address Evidence of cash at bank and fund sources Evidence of Superannuation funds Copies of other existing leases I am including my financing recommendations and the process to be followed for your kind perusal and consideration, as ascertained by King, (2015). Proposal Document Initial Fact Find The applicants are in the transport business for many years, each having served as Financial Controller of transport companies of repute. Ray hold a MBA degree and Steve has a Marketing degree. Ray is married to a school teacher and Steve is single. Both have no dependents. Steve is pursuing a degree in HR, which they think shall be useful in their expanding business, asserts Hinkel, (2010). They wish to purchase new Trucks and Dog Trailers for their planned expansion and have already taken a second depot on a monthly charge of $6,000. The Process I have outlined below the process for arranging the finance for your fresh requirements. The timing of the whole process will depend on the flow and availability of information from your end. Provided the lender does not find any complexity in the contract documents, the process can be completed in about 7 working days for giving approval of the unconditional finance. A further time of one week is required for preparing the loan contract and settlement to be ready, as detailed by McFarlane, Hopkins Nield, (2012). Provide the clients with the Proposal Documents, including my recommendations. Complete the application and submit it to the lender. After the Lender has conducted the credit check, assessed the application, it will confirm its approval and accordingly I or my office will inform you. The lender will ask a valuer for the valuation report and will advise me or you directly, to expect a call from the valuer for verification of documents. As soon as the valuer gives the report and it is found in order by the lender, he will immediately advise me about the unconditional approval of the loan amount and I shall pass this advice immediately to you. Subsequently, I will meet you and we jointly go through the unconditional loan approval contract documents in order to ensure that there are no errors. We will prepare answers to any queries, if posed by the lender and then will sign the contract document, with you as the borrowers and I acting as the witness, as per King, (2015). Part B: The Lender Borrowers Details Ray Henman and Steve Manning are directors of Henman Transport Pty. Ltd., a company engaged in the business of transportation. They have recently floated Henman Holdings Pty. Ltd ATF The Henman Discretionary Trust which will be the holding company of the transport business being run by Henman Transport Pty. Ltd. and will be the borrowing company for the new finance facility being asked for expansion, assert Megarry et al, (2012). Background The company, floated two years ago, with seed capital loan of $500,000 from a private investor, already maintains a depot, employs 5 permanent employees and takes the services of sub-contractors for extra manpower requirements, as per Megarry et al, (2012). Borrowers Financial Information Year 1 Sales $700,000 Net Profit $240,000 Year 2 Sales $812,000 Net Profit $358,000 Current Year (10 month period) Sales $1,125,000 Net Profit $506,000 Operating Costs Annual salary to Ray $100,000 (fully franked) Annual salary to Steve $100,000 (fully franked) Depreciation $86,000 Interest $52,000 Sub-Contractors $71,000 Directors Super Contribution $60,000 Annual Fee to Private Investor $45,000 Existing Equipment Repayments $5,000 (Per Month) Borrowers Finance Requirement $500,000 for buying new Trucks and Dog Trailers. The loan will be repayable in 48 months with full refund of Input GST Credits as additional repayments specified in the contract, assert Sexton Bogusz, (2013). Borrowers Security Borrowers will be offering the new equipment being bought as collateral security for the borrowed amount. In addition, the borrowers are agreeable to enter into a tripartite contract for sharing their receipts with the lender through an Escrow Account, as detailed by Erp Akkermans (ed.), (2012). Borrowers Serviceability The borrowers are expanding their service network so that an impending risk in one market segment does not affect their business potential. The purchase of new equipment will be spread over a period of 12 months and is intended to take place on a need basis or where an existing equipment needs to be replaced. Keeping the lending policies of the lenders in view, the serviceability assessment has been based taking into account the lower income options. The serviceability calculations have taken into consideration the Debt Servicing Ratio and the Net Cash Position of the companies and finds them strong enough for servicing the fresh loan, explain Baum Baum, (2015). Risk Assessment The borrowers have been in the transport for a long period and have established a solid base of clients offering them a steady flow of business. The promoters have also been cautious in averting financial risks by keeping their employee strength to the minimum and taking the services of sub-contractors on a need basis, say Ashworth Perera, (2015). Recommendation This recommendation is based on the borrowers having impeccable credit history good past business experience retain sufficient cash surplus the potential to increase business income maintained a stable growth Documents Attached Serviceability Assessment Copy of Performa Invoices Evidence of the borrowers incomes Details of borrowers cash and bank Details of borrowers recent credit card statement List of References Ashworth, A. and Perera, S. 2015, Cost Studies of Buildings (6th ed.). Routledge, Oxon. Baum, A. and Baum, Prof A. (2015) Real Estate Investment: A Strategic Approach (3rd ed.). Routledge, Oxon. Erp, S. van and Akkermans, B. (ed.). 2012, Cases, Materials and Text on Property Law. Bloomsbury Publishing, London. Hinkel, D. F. 2010, Practical Real Estate Law (6th ed.). Cengage Learning, Boca Raton, FL. King, S. 2015, Beginning Land Law. Routledge, Oxon. McFarlane, B., Hopkins, N. and Nield, S. 2012, Land Law: Text, Cases, and Materials. Oxford University Press, Oxford. Megarry, R., Wade, W., Harpum, C., Bridge, S. and Dixon, M. J. 2012, The Law of Real Property (8th ed). Sweet Maxwell, New York. Sexton, R. and Bogusz, B. 2013, Complete Land Law: Text, Cases, and Materials. Oxford University Press, Oxford.