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Free Scholarship for FTrash; Slavery for Sporns!

makapaaa

Alfrescian (Inf)
Asset
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Scholarship bonds need exit clause
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->RECENT issues of The Straits Times have discussed scholarship bonds, liquidated damages and additional moral obligations. May I, a doctor who benefited from such a scholarship, share a few thoughts?
A patient considering a specific treatment must have enough information to genuinely make an informed decision. For example, an elderly patient with prostate cancer needs to know how aggressive his type of cancer is (some kinds progress only over years or decades), and realise that some treatments may cure him but risk permanent side effects.
His doctor must offer adequate information, but only the patient can apply personal insight to assess how his life may be impacted, and decide accordingly.
Scholarship applicants are told of the work expected of them upon return. But they must also be told explicitly how much say they may have in their career path, and (if this ever becomes necessary) whether they can exit by paying liquidated damages, or will 'moral obligation to serve' constitute an inflexible imposition.
Many scholarship applicants are young, with little work experience. Therefore, the best of intentions at application will not be matched by true understanding of the practical implications of agreeing to serve under a bond.
Why can we not incorporate into all bonds an exit clause that compensates both liquidated damages and the attendant 'moral obligation to serve'? Youthful naivety or unexpected changes in personal circumstances can make this provision necessary. Simultaneously, guarantors should be told whether they will still be liable if circumstances change unexpectedly so serving out the bond becomes impossible.
In recent months, society maturely discussed a monetary sum offered to a kidney donor, because we acknowledged that it is impossible to foresee at the time of decision if any donor's health might be adversely affected in the future. Is there not a parallel with scholarship bonds? Beyond full disclosure, should not an exit plan - even one based purely on monetary compensation - be built into scholarships? Sometimes it is truly impossible to foresee changes in the personal circumstances of an applicant, so serious that he cannot serve out the remainder of his bond. In that case, a fair exit option prevents the scholarship bond from actually becoming bondage, if his superiors disagree and do not release him.
Dr Lee Pheng Soon FORUM NOTE: Dr Lee is a former president of the Singapore Medical Association.
 

ah_phah

Alfrescian
Loyal
in the 1st place, any idiot who agrees to signing for a BOND, should look up the dictionary, the definition of the word.

Noun

Singular
bond


Plural
bonds

bond (plural bonds)

1. (law) Evidence of a long-term debt, by which the bond issuer (the borrower) is obliged to pay interest when due, and repay the principal at maturity, as specified on the face of the bond certificate. The rights of the holder are specified in the bond indenture, which contains the legal terms and conditions under which the bond was issued. Bonds are available in two forms: registered bonds, and bearer bonds.
2. (finance) A documentary obligation to pay a sum or to perform a contract; a debenture.

Many say that government and corporate bonds are a good investment to balance against a portfolio consisting primarily of stocks.

3. A physical connection which binds, a band; often plural.

The prisoner was brought before the tribunal in iron bonds.

4. An emotional link, connection or union.

They had grown up as friends and neighbors, and not even vastly differing political views could break the bond of their friendship.

5. (chemistry) A link or force between neighbouring atoms in a molecule.

Organic chemistry primarily consists of the study of carbon bonds, in their many variations.

6. A binding agreement, a covenant.

Herbert resented his wife for subjecting him to the bonds of matrimony; he claimed they had gotten married while drunk.

7. A sum of money paid as bail or surety.

The bailiff released the prisoner as soon as the bond was posted.

8. Any constraining or cementing force or material.

A bond of superglue adhered the teacups to the ceiling, much to the consternation of the cafe owners.

9. (construction) In building, a specific pattern of bricklaying.
10. In Scotland, a mortgage.
 
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