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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Parent Information Sheet – Laws and Regulations Regarding Childcare In the UK there many laws relating to the welfare of Children but the ones which are most relevant to home based child care are the following: The Children Act (1989) This is the first acknowledgement in UK law of Childrens’ Rights and is where the phrase “the needs of the child are paramount” The Children Act (2004) followed this and arose from the green paper “Every Child Matters”. It identifies five outcomes stating
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unambiguous false statement of existing fact (or perhaps law); (ii) it must be addressed to the party misled; (iii) it must induce the contract; (iv) (perhaps) it must be material‚ that is‚ one which would induce a `reasonable man’ to contract in those circumstances. Grounds for misrepresentation (i) There must be an unambiguous statement of existing fact. Since Kleinwort Benson v Lincoln CC (1991) it might be the case that a statement of law may also found a misrepresentation -- although that case
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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 at ? 30 .9 m in 2005 and fraudulently altered cheque fraud was estimated at ? 6 .2 millions SOURCE : FRAUD FACTS -2006 APACS- UK This studies the various protections
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Why Do We Need Banking Regulation? Name Institution Why Do We Need Banking Regulation? People are so inured to banking directives that they fail to acknowledge the reasons as to why banking regulation is needed in businesses. However‚ there is a recognized failure in giving valid reasons as to why this should be incorporated when viewed from a layman’s point of thinking. Most of the explanations given by conformist —in that the characteristic bank lack of regularity‚ payment insurance‚ the Federal
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Internet Paper #2 Human Resources Laws & Regulations HR590 – July 2007 INTRODUCTION There are many different functions and roles of law in the business society. When describing employment law‚ there is a broad area that governs how employers interact with their employees‚ former employees and applicants for employment. These laws and regulations are not meant to be described in a short paper. They are detailed laws that require application to an employee’s specific situation and should
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investment | Effective Ways To Reform The UK Banking System | Analysis and Discussion | | Final draft Prepared by:Bruce(ZHANG) | 9/1/2012 | Topic: Which of the suggested reforms to the UK banking system would be the most effective at reducing the risk of future crises in the banking sector? | Background: The United Kingdom has the most developed financial and banking systems in the world. London has been entitled as the financial centre in the UK‚ Furthermore it is the primary international
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Business Regulations Simulation Law/531 Business Regulation Simulation When conducting business whether it is local and global‚ big or small organizations have to abide by state and federal laws. Depending on the nature of the business different organization has to comply with certain laws and regulations. For example‚ retailers like Wal-Mart‚ Target and Kroger have to comply with the Department of Labor and a manufacturing company like LM Fiberglass and Toyota would
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Health Law and Regulations Paper Linda Stevenson HCS/545 November 3‚ 2014 Shawna Butler Health Care Regulations Regulation takes part in a critical position in the healthcare business and healthcare insurance coverage. Throughout many regulatory organizations‚ the Department of Health and Human Services (HHS) guards the community from many health threats through making available programs for public health and welfare. There are agencies that exist like the Center for Medicare and
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