Maseno University Second Semester Examinations 2011/2012 Third Year Examinations for the Degree of Bachelor of Business Administration with IT ABA 328: Banking Law and Practice Instructions a. Attempt the question given below in at most three typed pages using font 12 of Times New Roman. b. Your typed assignment MUST have a cover page on which you have your name‚ registration number‚ the course name and code. Each of the other pages MUST contain your registration number as a header.
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LAW (BANKING) 255 Take Home Test Semester 1‚ 2011 Name: Lin Dongyu Student Number: 14671458 Due date: 21/04/2011 Total word: 997 words Briefly explain‚ by reference to case law‚ why it is difficult to define the term “the business of banking”. For the term “the business of banking”‚ the statute definition is inadequately‚ even some statute laws can help with the understanding about “the business of banking” but the definitions they are provided still not adequate (Waldeck & Giardina)
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an enhancement of common law‚ commonly known as the second great subdivision of English law. Equity’s foundation is a judicial assessment of justice in contrast to the sometimes harsh and inflexible rule of common law. Historically‚ common law was known as the law‚ in contrast with equity. Equity sets aside contracts in the event of a party gaining a benefit through undue influence which is when an agreement is obtained by indecent pressure which is not duress at common law since no factor of violence
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UNIT 6 6.0 AGENCY 6.1 AN AGENT An agent is one who acts on behalf of another called the principal‚ with the express or implied authority of that person. Hence an agent incurs neither rights nor liabilities on contracts made on behalf of the principal. Also an agent need not be of full contractual capacity meaning that even a minor could be appointed as such‚ even though he principal has to be of full contractual capacity. 6.2 TYPES OF AGENTS Universal: appointed to handle the
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Final Exam Final Quiz Multiple choice Quiz Exam 1 1) George‚ an employee‚ breaches a fixed-term employment contract by quitting before the end of the term. What can his employer‚ MNO Inc. recover as damages? A. All amounts already paid to the employee under the contract. B. The costs of hiring a replacement employee plus any increase in salary paid to the replacement employee. C. Nothing‚ because courts do not order anyone to perform a job against his
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According to Samuelson‚ “every central bank has one function. It operates to control the economy; supply of money and credit. “In the words of Vera Smith; “the primary definition of central bank is the banking system in which a single bank has either a complete or residuary monopoly of notes issue.” Kent defined it as “an institution which is charged with the responsibility of managing the expansion and contraction of the volume of money in the interests of the public welfare.” In Culbertson’s words
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CASES ON BANKING LAW Westminster Bank Ltd v. Hilton (1926) 43 TLR 124 As against the money of the customer’s in the banker’s hands the relationship between banker and customer is that of principal and agent: "It is well established that the normal relation between a banker and his customer is that of debtor and creditor‚ but it is equally well established that quoad the drawing and payment of the customer’s cheques as against money of the customer’s in the banker’s hands the relation is that
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MID TERM ASSIGNMENT BANKING & FINANCE LAW Name: Tran Cong Hieu Student ID: 15402543 Word count: 986 ISSUES Can Fantastic Landscapes Pty. Ltd. have the right to sue Red Bank to claim $50‚000 which Minnie has stolen? Can Fantastic Landscapes Pty. Ltd. sue Red Bank for compensation for the $10‚000 penalty fee? Can Fantastic Landscapes Pty. Ltd. seek compensation from BLB? RULES Firstly‚ who is the customer? Secondly‚ content of the contact at (2.65) states that: the contact between
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of Amsterdam‚ Business School Caput Commercial Banking Academic Year 2010/2011 Exam January 2011 Student name …………….. Student ID …………….. Signature …………….. Instructions The rules of this exam are as follows: • Please write your full name‚ student ID and signature. • Please keep all answers brief and to the point. Do not provide irrelevant informa- tion‚ but show all steps that are necessary to solve a problem. • There are 12 pages in this exam including this page. Questions start on Page 2 and
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COMPARE AND CONTRAST THE RESPECTIVE PROTECTION BANKS AND CUSTOMERS ACQUIRE WHEN USING CHEQUES ‚ AS APPOSED TO CARDS ‚ AS A METHOD OF PAYMENT INTRODUCTION There are three types of cheque frauds exists in UK viz . forged counterfeit and fraudulently altered cheque fraud . In 2005 ‚ the cheque fraud in U .K was estimated about ? 40 .3 million - a 13 decrease from the 2004 a steady increase 2003 .In U .K during 2005 ‚ counterfeit cheque fraud was estimated at 3 .23m ‚ forged cheques fraud was estimated
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