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Some Points About PowerPoint

Some Points About PowerPoint. Eric J. Gouvin Associate Dean & Professor of Law Western New England School of Law egouvin@law.wnec.edu. AALS Annual Meeting January 3, 2004. How Not to Use PowerPoint. What’s the likely outcome?.

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Some Points About PowerPoint

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  1. Some Points About PowerPoint Eric J. Gouvin Associate Dean & Professor of Law Western New England School of Law egouvin@law.wnec.edu AALS Annual Meeting January 3, 2004

  2. How Not to Use PowerPoint

  3. What’s the likely outcome? • If Player 1 knew that Player 2 was going left, he would too, and vise versa • If Player 1 wanted to play left, but heard ahead of time that Player 2 was choosing right, then Player would would abandon his strategy and go right. • Although Player 1 slightly prefers left, he would rather have right than no payoff

  4. Nash Equilibrium • Although neither player has a dominant strategy, this game is said to have two “Nash equilibria.” • A Nash Equilibrium is the combination of strategies that players are likely to choose because no player could do better by choosing a different strategy given the strategy the other chooses. • That is, the strategy of each player is the best response to the strategy of the other.

  5. Ways that I Use PowerPoint • Text of Statutes/Restatements/Opinions • Present drawings I would have made on the Board • Liven up the presentation

  6. Text of Statutes, etc.

  7. § 24. OFFER DEFINEDAn offer is the manifestation of willingness to enter into a bargain, so made as to justify another person in understanding that his assent to that bargain is invited and will conclude it.

  8. §9-301 Governing Law • Except as otherwise provided in Sections 9-303 through 9-306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral: • (1) Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.

  9. §9-301 Governing Law • Except as otherwise provided in Sections 9-303 through 9-306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral: • (1) Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.

  10. Goods 9-102(a)(44) Consumer goods (23) Farm products (34) Inventory (48) Equipment (33) Semi- Intangibles Instruments (47) Promissory notes (65) Documents (30) Investment property (49) Chattel paper (11) Money Letter of credit rights (51) Supporting Obligations (77) Intangibles Accounts (2) Health ins. receivables (46) Commercial tort claims (13) Deposit accounts (29) General intangibles (42) Payment intangibles (61) Software (75) Things in action Real Estate Related Items Fixtures (41) Standing Timber/Crops (44) “As extracted Collateral” (6) Next PROPERTY COVERED BY ARTICLE 9

  11. Drawings

  12. Timelines

  13. 12:30 am! 8/4 a.m. noon eve. later 8/5 2 pm 5 pm Miller makes counteroffer B inks deal w/ Segal Byer shows house to N&K N&K accept CO Byer helps N&K pp offer -- must accept by 5 pm on 8/5 House listed w/ Hawkins “You snooze You lose” N&K want to sleep on it

  14. 3/26 March 1952 4/7 4/8 4/12 4/14 4/15 4/28 S writes back “better act fast” S sends letter L rec’s 4/8 ltr S refuses to convey Ad in paper L makes inquiry L “accepts” L writes to S S sells to 3rd party

  15. What if….. 4/13 3/26 March 1952 4/7 4/8 4/14 4/12 4/15 S writes back “better act fast” L puts acceptance in the mail S sends letter S rec’s L’s 4/12 ltr Ad in paper L makes inquiry L writes to S L rec’s 4/8 ltr S sells to 3rd party

  16. Illustrating the case/problem

  17. Mortgage and Note Working Capital Lender $$$ Mortgagee $$$ Note and Security Agmt Vendor Fixtures ? Inventory Equipment Acme, Inc. BNIOCOB Bankruptcy T’ee Statutory Lienor Judgment Creditor General Creditors Instruments & Intangibles BIOCOB Accounts

  18. Chain Link Fence Visitor’s Bullpen Right Field Bleachers

  19. (Re-enactment)

  20. HA HA! Orioles Suck! D’OH! I’ve had enough of that guy Grimsely Manning (Re-enactment)

  21. LoC Transaction -- Set Up Transmit LoC Advising Bank Issuer Correspondent Applies for LoC, Pays fee Confirm Seller (Beneficiary) Buyer (Applicant) Negotiated K Terms

  22. LoC Transaction -- Payment $ Advising Bank Issuer Correspondent $ $ Seller (Beneficiary) Buyer (Applicant) Ship Goods

  23. Maps

  24. Warren

  25. Graphs

  26. Supply and Demand Price Demand Supply p* Quantity q*

  27. Supply and Demand Price Consumer Surplus Demand Supply p* Producer Surplus Quantity q*

  28. Legal Restrictions on Interest rates Price Demand for Loans Supply of Loans p* Maximum Interest Rate Quantity q* qd qs

  29. Legal Restrictions on Interest rates Price Demand for Loans Supply of Loans p* Maximum Interest Rate Gained Consumer Surplus Quantity q* qs qd

  30. Legal Restrictions on Interest rates Price Demand for Loans Supply of Loans Lost Producer Surplus p* Maximum Interest Rate Quantity q* qs qd

  31. Legal Restrictions on Interest rates Price Lost Consumer Surplus Demand for Loans Supply of Loans Lost Producer Surplus p* Maximum Interest Rate Deadweight Loss Quantity q* qs qd

  32. Legal Restrictions on Interest rates Price Demand for Loans Lost Consumer Surplus Supply of Loans Lost Producer Surplus p* Maximum Interest Rate Deadweight Loss Quantity q* qs qd

  33. Numbers

  34. Strategy A Medium-Risk Allocation of Assets • Scenario Yield on Assets Owners' Profit Cost to Depositors • Worst Case 7 % 0 0 • (25 percent) • Middle Case 8 % 1 0 • (50 percent) • Best Case 9 % 2 0 • (25 percent) • AVERAGE 8 % 1 0

  35. Strategy B Low-Risk Allocation of Assets • Scenario Yield on Assets Owners' Profit Cost to Depositors • Worst Case 7.25 % 0.25 0 • (25 percent) • Middle Case 7.5 % 0.50 0 • (50 percent) • Best Case 7.75 % 0.75 0 • (25 percent) • AVERAGE 7.5 % 0.5 0

  36. Strategy CHigher-Risk Allocation of Assets Worst Case 5 % (1) (1) (25 percent) Middle Case 9 % 2 0 (50 percent) Best Case 13 % 6 0 (25 percent) AVERAGE 9 % 2.25 (0.25) • Scenario Yield on Assets Owners' Profit Cost to Depositors

  37. Comparison of Returns • Strategy Ave Return Expected Expected Cost • Profit for Owner to Depositors • A 8.0% $ 1 $0 • B 7.5% $ 0.5 $0 • C 9.0% $ 2.25 ($0.25)

  38. Liven Up the Presentation

  39. Livening things up • Stuff you can’t do on the board: • Web Links • Pictures • Sounds • Movies

  40. Web Links

  41. Mechanics of Incorporation CALI Lesson

  42. Pictures

  43. Mrs. Carlill

  44. Wampum

  45. Continental Notes -- 1776

  46. Private Notes-- Banks Stonington Bank -- 1858-1865

  47. 1862 -- The “Greenback” -- U.S. Notes These were obligations of the US government

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