JPMorgan Chase Assignment Example | Topics and Well Written Essays - 1000 words

JPMorgan Chase - Assignment Example Any erroneous trades that are discovered are consistently and promptly resolved using a transparent process that applies objective standards. The fourth point is regulating stub quotes and market making obligations. They require all market makers to maintain stub quotes that are bona fide and consider maintaining two-sided stub quotes that do not have to be executed in severe market conditions. They are particularly considering banning all stub notes use. A valid contract is an agreement, legally enforceable, between two or more parties. The parties do not necessarily have to be people must be independent entities. Contracts between consumers and banks must be valid because large amounts of money are usually involved and all care must be taken to ensure that there are no misunderstandings in the contract terms. The parties must be aware of what the contract promises and what it does not promise. There are four elements to a valid contract; competent parties; legal purpose; offer and acceptance; and consideration. Intentional tort actions are activities carried out with the intentional of violating civil rights. The intentional tort can occasionally be transferred when the targeted party is not the party eventually wronged. Any party that injuries party A while intent on injuring party B is liable to party A whom they injured. The tort is negated if the parties involved synonymously consented to the action occurrence, though this is limited to normal consequences such that any consequences outside the normal spectrum could still invite liability.