Word: contractive
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Dates: during 1950-1959
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...signed contract with Carl M. Loeb, Rhoades & Co. (New York bankers) for investment of at least $100 million in an area still to be chosen...
...signed contract with Pan American International Oil Co. (Standard Oil of Indiana). Pan American will invest $60 million in a 1,540-sq. mi. section of Santa Cruz and Chubut Provinces. For the first five years Pan American will get $10 for each cubic meter of oil it produces for Y.P.F., then the price will gradually be adjusted to match prevailing world prices...
Concluded the delegates, in a final resolution that some observers called a new Magna Carta for African women: "We regret that in Africa marriage is considered a contract between two family groups rather than two people." Main calls to action: a complete end to prepuberty engagements, a change in the bride-buying custom to make the money only symbolic, suppression of polygamy, "which gravely prejudices the dignity and the rights of woman...
...would simply tell the lawyer he could get from 2 to 3% of the total sale price when the business was sold," explained Witness Parker. "So naturally he would approve the deal." The hooker, of course, is that the promised sale almost never comes off. The deceptively worded contract promises only that the firm will try to sell the property through its advertising and sales promotional facilities, which usually turn out to be ads in cheap-rate newspapers, or a booklet listing properties...
Stopping it is another matter. Because the misrepresentation is in the beguiling pitch rather than the written contract, FTC got a "cease and desist" agreement with only five of 30 firms it investigated. To give FTC some teeth, the subcommittee is considering a bill providing a maximum penalty of $5,000 fine and/or five years' imprisonment for advance-fee operators, hopes that new public awareness will weaken the racket...