Premium Essay

The Case Is Real

In:

Submitted By shadowintel
Words 348
Pages 2
05/03/2014

Brief Fact Summary. Plaintiff, a dockside owner in the Baltimore harbor, unproductively claimed that the Defendant’s, City of Baltimore, action of ruining the use of his wharf violated the proceeds clause of the Fifth Amendment of the Constitution because the Bill of Rights is irrelevant to the states.

Facts. Plaintiff, Barron, owned a dockside in Baltimore harbor that was ruined by acts of the Defendant, City of Baltimore. Plaintiff sued the Defendant claiming that the Defendant sidetracked the flow of water that resulted in large amounts of sand accumulating under Plaintiff’s wharf, thereby preventing vessels from using the dock. Plaintiff contended that the resulting damage to his dockside constituted a taking from the government without just return in violation of the Fifth Amendment. The trial court awarded Plaintiff damages, but the state appellate court reversed.

Issue. Whether the state’s action violated the earnings clause of the Fifth Amendment of the Constitution.

Holding. Case dismissed for lack of jurisdiction since there is no repugnancy between the state’s actions and the Constitution. However, the Supreme Court of the United States also held that the Fifth Amendment is not applicable to the states. The Court reasoned that had the framers of the Bill of Rights intended them to be limitations on the powers of the state governments, they would have expressed that intention.

Dissent: none

lesson of the course. The Bill of Rights is a limitation on the exercise of power of the federal government and is inappropriate to state legislation.

Case Information

Barron v. Baltimore

SUPREME COURT OF THE UNITED STATES
32 U.S. 243
Barron v. Mayor & City Council of Baltimore
ON WRIT OF ERROR TO THE COURT OF APPEALS FOR THE WESTERN SHORE OF THE STATE OF MARYLAND

Syllabus

The provision in the Fifth Amendment

Similar Documents

Premium Essay

Real Options Case

...Real options analysis, Spring 2014 Deadline: March 17, 3:30pm, submit your solution via e‐mail to sspinler@whu.edu Filename convention: .xls 1. Determine the price for a European call by means of the Black – Scholes equation: S_0 = €118, X = €134, T = 1 year, r= 7%, σ= 40%. 2. How does the price in (1) change if, ceteris paribus, a. X increases b. T increases c. r increases d. σ increases. Draw a chart for (a) to (d). 3. For the same values given in (1), determine the option value using the binomial lattice approach with Δt = 1/2 and Δt = 1/12. Explain the difference. 4. Suppose there is a continuous annual dividend yield of 5.5%. What is, for the same values as in (1), the value of a European and an American call? Use the binomial lattice approach with Δt = 1/12. 5. What is, for the same values as in (1), the minimum dividend yield such that early exercise of an American call becomes profitable? Use the binomial lattice approach with Δt = 1/12. 6. Consider a European call option whose payoff at expiration is capped by the amount B, that is, the payoff is MIN [MAX[S(T)‐X,0],B]. a. Draw a chart of the payoff as a function of S(T). b. Derive the price of such an option for B=€75, all other values as in (1) using the binomial lattice approach with Δt = 1/12. c. How could you derive the option price using the Black‐Scholes formula? Compute its value for B=€75. d. Draw a chart that shows the option value as a function of B for B=0 to B=150...

Words: 308 - Pages: 2

Premium Essay

Sinyi Real Estate Case

...Sinyi Real Estate in Taiwan As countries in East Asia experience rapid economic growth and transformation, many companies ignore ethical business practices for profit maximization. This goes against traditional Confucianism, which prioritizes customer satisfaction and seeks to avoid exploiting customers for profits. Sinyi, founded by Chun-Chi Chou in 1981, has been one of the most successful real estate companies in mainland Asian markets. Chou has successfully developed a people-oriented culture, which has lead to an excellent corporate image and satisfied customers. However, challenges have accompanied Sinyi's recent growth into Asian markets, where unethical business practices exploit clients for profit maximization. Exponential growth at Sinyi has made it extremely difficult to maintain a uniform ethics-based culture. Chou plans to expand his business while maintaining rigid ethical principles focused on the welfare of customers above profit maximization. Sinyi has strived to transmit this ethical culture to employees and the community by creating continual education and outreach programs. In a chaotic Taiwanese real estate industry, Chou has realized that a "people centered" business is key to success. While some competitors use price fixing to cheat customers, Sinyi has taken affirmative actions towards applying social responsibility in management concepts. In accordance with Confucian teachings, Chou believes that the needs of both clients and employees should...

Words: 1820 - Pages: 8

Premium Essay

Real Estate Case Study

...Case Study 1 Real Estate Finance May 2012 Given the chance to qualify up to a $10million dollar loan, these are three properties that caught my attention as possible investment opportunities. Owning apartment buildings is actually an investment goal that I hope to achieve within the next 10 years. Let’s look into these three different properties and see how they compare. Property 1 - Expected Total Cost of Purchase – $1,750,000 cost * 15 years @ 7% interest = $2,831,220 - Monthly Mortgage - $15,729 * 12 months = $188,748 yearly - Expected Annual Payments for Mortgage Interest – $72,000 - Expected Annual Payments for Property Taxes – $27,000 - Expected Annual Payments for Insurance – $14,000 - Expected Gross Rent Income – 14 units * $2,000/avg rent = $28,000/month = $336,00/year - Expected Net Operating Income – $336,000 - $229,748 = $106,252/year - Net Income vs Payments – $106,252 / $229,748 = .46 or 46% profit margin - Conclusion – This property seems like a gold mind. The location alone is great and in a prestigious city like Hollywood, California, the property value can only go up. The profit margin of 46% is huge and with gains like that, this location is a no brainer. I would definitely not let this property slip by, but instead jump on it, and begin to bring in the revenue. This 14 unit building is not too big where the expenses are out of control, but big enough for the rent revenue to offset by far the current expenses for the...

Words: 838 - Pages: 4

Premium Essay

Real Estate Case Studies

...CASE STUDIES (1-4) Allison Circle – Addison, Texas Specifics: Addison Circle is a mixed-use urban village built around a circle and grid street system, with apartments and office spaces as the primary uses. The 80-acre development incorporates 2,700 to 3,000 dwelling units along with neighborhood retail, parks, civic space, and 3 to 4 million square feet of office and commercial use. It is a mainly rental project and has a density of 50 dwelling units per acre. Financing: The mixed-use project is part of a public and private partnership between Post Properties, Inc. and the town of Addison, providing a positive public relation for the development. Post Properties contributed $134,000,000 (65% debt / 35% equity) and the town of Addison contributed $10,200,000 to the development. Experience: Successful rezoning for the public and private partnership developments must use joint efforts of city staff and developer’s team. The strategic planning process incorporated the developer, consultants, and task force comprising of town staff, enabling a cohesive project. This relationship helped ensure understanding and attain a final consensus on adoption and implementation. Additionally, the development team needs time to market the concept, while cities must be proactive in the process to develop a sustainable and integrated mixed-use residential development. CityPlace – West Palm Beach, Florida Specifics: CityPlace is a mixed-use development town center that features...

Words: 1180 - Pages: 5

Premium Essay

Real Contemporary Issues and Case

...A CONTEMPORARY AUDITING REAL ISSUES AND CASES Seventh Edition Michael C. Knapp University of Oklahoma ; \ 1% SOUTH-WESTERN CENGAGE Learning- Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States CONTENTS SECTION 1 Comprehensive Cases 1 Case 1.1 Enron Corporation 3 Arthur Edward Andersen established a simple motto that he required his subordinates and clients to invoke: "Think straight, talk straight." For decades, that motto sewed Arthur Andersen & Co. well. Unfortunately, the firm's association with one client, Enron Corporation, abruptly ended Andersen's long and proud history in the public accounting profession. K Y TOPICS: history of the public accounting profession in the United States, scope of E professional services provided to audit clients, auditor independence, and retention of audit workpapers. ; Case 1.2 Just for FEET, Inc. 23 In the fall of 1999, just a few months after reporting a record profit for fiscal 1998, Just for Feet collapsed and filed for bankruptcy. Subsequent investigations by law enforcement authorities revealed a massive accounting fraud that had grossly misrepresented the company's reported operating results. Key features of the fraud were improper accounting for "vendor allowances" and intentional understatements of the company's inventory valuation allowance. K Y TOPICS: applying analytical procedures, identifying inherent risk and control risk E factors, need for auditors to monitor...

Words: 3544 - Pages: 15

Premium Essay

Hamilton Real Estate Case

...My BETNA invest in residential real estate where expected profit is $6m My Walkaway (reservation price) I wish not to exceed $52m where I could make around 20% profit, however $60m would be my calculated walkaway price ($66 is breakeven and my BETNA is to invest elsewhere with an estimated $6m profit. I would be willing to take this deal with the same amount of profit expected on the alternative investment with residential properties, in order to gain more experience and reputation in the commercial real estate industry.) Their BETNA take their business elsewhere, probably to a residential real estate builder ($36m is the lower-end estimate) Their Walkaway price probably $36m (lower end of value for residential use) ZOPA (bargaining zone) assuming their reservation price is $36m, between $36m and $60m. Commercial use 1.5 to 2 times as much as the value of residential use (apartment buildings) Value of property for Estate One if used for commercial use $66m (break-even point) Zoning laws in Hamilton don’t allow for commercial development of the property. So, if Pearl investments has any offer at all, it will be from someone interested in developing the land for residential use. We plan to use it for commercial use because of the advantageous knowledge of the zoning laws due to our strong ties with the local government of Hamilton. We know for sure that the rezoning will allow for commercial development in Hamilton within months. This gives us an advantage over...

Words: 1738 - Pages: 7

Free Essay

Real Matrid Case Summary

...Real Madrid Summary Company: Real Madrid Strategy: 1. “Professionalize” the management team 2. Exploit the enormous value of the Real Madrid brand and players’ images to increase revenues. 3. Impose financial discipline to ensure that the team did not become overextended. Key to this discipline was limiting the players’ expense. With the new strategy of Zidanes & Pavones, Real Madrid would sign one star player per year and focus on the development of players through the farm system or cantera. Issues: 1. On the brink of bankruptcy. 1990’s Crisis: (Growth in revenues from TV rights; Greater investment of private personal fortunes; free-agent market) 2. Clean the debt by selling a training ground 3. Key to transformation would be modernization of its management. * Restructured the organization into four main units. * Implementing a variable pay structure. 4. Leveraging the Brand * Widen the scope of the brand by targeting international markets * New code of conduct promoted the values of honesty, transparency, and concurrence. * Three ways to exploit the brand:1. Sponsorship, image rights, advertising; distribution, merchandising, and licensing; and internationalization and new technologies. * Zidanes & Pavones 5. The Budgetary Process * Annual plan& midterm plan * Guidance of the strategic objectives and the assumptions provided by the corporate manager. * Revenue: Real Madrid transformed some areas...

Words: 287 - Pages: 2

Premium Essay

Real China Case Study

...Introduction Real China is a modern Chinese restaurant designed to enter the British exotic restaurant market. Company executives decide to open the first restaurant in Gunwharf Quays Portsmouth and simultaneously open restaurants in major British cities. But as a restaurant offering authentic Chinese food, it does not have a prominent advantage because there are many strong restaurants in the foreign food market in Britain. According to Kantar Company (2018), Chinese food is not the most popular—Italian restaurants are the most popular. This means Real China cannot attract potential customers. To understand how to attract customers, we need to collect feedback from customers on our homepage. We also need to create a two-way communication channel...

Words: 746 - Pages: 3

Premium Essay

Sports Marketing Real Madrid Case

...Real Madrid Football Club: A New Model of Business Organization for Sports Clubs in Spain World soccer clubs, constrained by their inability to increase their income from their traditional businesses, have begun to adopt strategies to transform themselves into modern sports and media companies. Under the recent presidency of Florentino Pérez, the Spanish football club Real Madrid presents a good example of the application of this expanded vision. One of the fundamental pillars of this model has involved designing and implementing a new marketing strategy aimed at strengthening the value of the club's brand. The adoption of this model has resulted in a significant increase in income from marketing. Undeniably, in this area, Real Madrid has become the leader in world soccer. © 2006 Wiley Periodicals, Inc. MIGUEL BLANCO CALLEJO AND FRANCISCO J AV I E R F O R C A D E L L America. The key aspect of this conception resides in the idea that sports clubs can behave as brands, and the essential principle is to exploit the sponsorship plan and sale of products, together with the commercialization and sale of audio-visual and television rights of sporting events. In soccer, Manchester United in the United Kingdom was the pioneer in commercially exploiting its brand on an international level, and this strategy was highly successful in the 1990s. During the early years of the 21st century, however, Real Madrid has gained the position of “commercial leadership” within the world soccer...

Words: 6950 - Pages: 28

Free Essay

Real Madrid Marketing Hbs Case

...REAL MADRID CASE STUDY Summary Real Madrid is one of the most storied sports franchises in the world. It is one of the few sports teams with international appeal to a very broad fan base. This case delves into how Real Madrid transitioned from a good soccer team with a winning history into the global sports juggernaut we know today. We first examined Real Madrid’s revenue streams and found that from their inception through the 1970s their business model was based almost entirely on their ticket sales. After the 1970s up until 2003 they had some media rights, a small merchandising department, and some other negligible streams of income. It was in 2003 that team President Florintino Perez decided to make Real Madrid into a special type of sports team that was akin to large global corporations like Walt Disney. After reviewing the facts we agree with the decision to shift the business model into its current position (as of 2003). After identifying and examining the lifetime values of different consumer groups which are listed below under the “Question 2” headline, we have found that each group has different desires in order to be completely satisfied. However, each group has a common denominator that will maximize utility across all segments and that is winning. A winning team sells more merchandise, can demand higher advertising revenues, and can attract the best players for less money which also leads to winning more often. We also quantified two types of consumers...

Words: 3405 - Pages: 14

Premium Essay

Kola Real - Ajegroup Case Study

...ownership of 22 factories and 120 fulfillment centers employing over 20,000 people. Its infrastructure reaches out to more than 1,000,000 retail outlets worldwide enabling Ajegroup to sell over 3 billion liters of beverages including beer, sports drinks, energetic and isotonic drinks, water, various juices and tea (1). According to the course case study, Ajegroup has expanded to several countries outside of Peru. The international company growth includes Venezuela, Ecuador, Mexico and Costa Rica. Ajegroup has been successful in each of these markets as well. As the company considers expansion in Chile, Brazil, and the U.S. (via Mexico), it is important to understand how and why it has been successful and if the same strategies will be applicable in these new emerging markets. The following strategies were instrumental in leading Ajegroup to its success: 1. In order to penetrate the local Peru soft drink market, Ajegroup packed Kola Real in old 620 ml beer bottles. 2. Instead of taking loans from banks, Ajegroup financed the growth of Kola Real with funds generated from its operations. 3. Counted on suppliers and distributed Kola Real in non-returnable bottles of 1500 and 620 ml. 4. Offer big sizes of high quality drinks at lower prices—underselling the competition. Ajegroup was able to convey the message of “fair price soft drink,” which implied to its customer base that they were not getting a lower-quality product even though they were getting more (volume) for their...

Words: 1449 - Pages: 6

Premium Essay

Real Action Paintball, Inc. Case Study

...[CITATION] The name of the case is Advanced Tactical Ordnance Systems, LLC vs. Real Action Paintball, Inc. Advanced Tactical Ordnance Systems, LLC is the plaintiff; Real Action Paintball, Inc. is the defendant. United States Court of Appeals for the Seventh Circuit argued and decided this case in 2014. Before WOOD, Chief Judge, and POSNER and KANNE, Circuit Judges. The citation states that this case can be found in 751 F.3d 796; 2014 U.S. App. LEXIS 8793; 110 U.S.P.Q.2D (BNA) 1872. [FACTS] The parties in the lawsuit are Advanced Tactical Ordnance Systems, LLC which is an Indiana-based company that manufactures and sells advanced tactical product (Pepperball projectiles) by the name of PepperBall to police departments, private security firms,...

Words: 395 - Pages: 2

Premium Essay

Carolinas Telco Real Estate Loans Case

...1. Carolinas Telco Federal Credit Union will originate residential real estate loans in compliance with all applicable federal and state laws and regulations. Mortgage loans will be held in portfolio or sold on the secondary market. 2. If a member disagrees with the denial and/or the reasons for the denial, the member may appeal the decision directly to the Board of Directors, in written format, asking the Board of Directors to review the application and subsequent supporting information, and render their own decision on the application. 3. It will remain the policy of Carolinas Telco FCU to deny any member who has previously caused or is in the process of causing (being seriously delinquent) a financial loss to the Credit Union. 4. Bankruptcy,...

Words: 719 - Pages: 3

Premium Essay

Camino Real International Bridge: A Case Study

...Summary: On December 23, 2015 at approximately 2046 hours (CST), Supervisory CBP Officer assigned to Camino Real International Bridge was advised of unconfirmed reports of three decapitated heads dumped in the Plaza de las Culturas in Piedras Negras, Coahuila across from Eagle Pass, Texas. CBP Intelligence Officer was contacted; he advised that CISEN confirmed two heads and three bodies were found in Piedras Negras as a result of incident between the GATES and Zeta Transnational Criminal Organization (TCO). Duty Chief was advised of the incident. Officers at Eagle Pass and Camino Real International Bridges were briefed on the incident. All officers were advised to don their body armor. Tactical Enforcement Officers (TEOs) are currently...

Words: 288 - Pages: 2

Premium Essay

Queen's Real Estate Investment Case Study

...Questions (Please limit all answers to a 150-word maximum. Point form answers are also accepted) What has driven your desire to take part in the Queen’s Real Estate Investment Conference? As a student interested in pursuing a career in finance, I believe it is important to gain exposure to the Canadian real estate market, as it is one of the largest sectors in the Canadian economy. The Queen’s Real Estate Investment Conference provides a unique opportunity to learn from industry professionals about investing in real estate, an experience I would benefit greatly from. I am excited to learn more about the Canadian real estate market, and I believe QRIC provides the unique opportunity to learn about real estate from an investor’s perspective....

Words: 398 - Pages: 2