33.3 Functions of Commercial Banks The functions of a commercial banks are divided into two categories: i) Primary functions‚ and ii) Secondary functions including agency functions. i) Primary functions: The primary functions of a commercial bank include: a) accepting deposits; and b) granting loans and advances; a) Accepting deposits The most important activity of a commercial bank is to mobilise deposits from the public. People who have surplus income and savings find it convenient to
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Patricia Leaf-Prince Section 08 9/10/12 SLAP “Keep your hands off my mama‚ keep your hands off my Doritos!!!” This was the phrase that sent millions into a roaring laugh during the 2010 Superbowl Doritos commercial. This commercial says a lot about Doritos‚ considering the little boy holds them to the standard of his own mother implies that his love for them is just the same as the love he has for his mother. In many was this commercial was effective. One way was showing the little boy picking
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agency contract‚ the agent is given authority to do certain things in his principal’s place. The principal pay’s the agent a fee or commission in exchnge for the service provided by him or her. An agent must always disclose to the principal any material information acquired while performing the agency. Personal quality‚ skill‚ and trust are vital aspects in the relationship between the principal and the agent. An agency can be created in three types of ways‚ 1. Express agreement‚ whether oral
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in good quality and quantity. “Commerce” and “trade” are used interchangeably although the former is more commonly used in international dealings and the latter in domestic ones. (Pandect of Commercial Law and jurisprudence‚ justice Jose Vitug‚ 1997 ed.) Commercial Law It is that branch of private law governing acts of commerce (Business intercourse) and/or the juridical relations arising from such commercial acts. (Pandect of commercial law and jurisprudence‚ justice Jose Vitug‚ 1997 ed.) Principal
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Commercial Bank of Ceylon Limited Introduction: Commercial Bank of Ceylon (CBC) entered the banking business in Bangladesh in the year 2003. In the mean time it has proven to be a rising foreign bank here. Since inception its economic growth both in corporate and retail departments are quite big. Till now Commercial Bank of Ceylon has developed a network of nine branches‚ two offshore units‚ six SME centers and four offsite ATMs. One card center takes care of all card related activities of the
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govern contracts; Article 2 of the Uniform Commercial Code and the common law of contracts. “The Uniform Commercial Code‚ or UCC‚ is statutory law in every state. The common law of contracts is court-made law that‚ like all court-made law‚ is in a constant state of evolution.” (Mallor‚ 2007) The UCC was created by the American Law Institute and the National Conference of Commissioners on Uniform State Laws to establish a uniform set of rules to govern commercial transactions‚ help solve the common problems
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Budweiser Commercial Analysis The screen fades up to an image of a soldier being greeted by his wife in an airport. “On Jan 8th‚ Lt. Chuck Nadd came home” is printed across the screen. Soon after‚ it cuts to a clip of the couple driving home in a red Ford Explorer with the caption “we gave him a homecoming he’d never forget” in white. It is unclear at this point‚ however‚ who “we” is referring to. The camera cuts to signs that reads “We love Chuck”‚ “We’re glad you’re home”‚ and “We’re proud
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ad that’s promoting an orgy‚ one can imagine the amount of excitement this technology will generate. YOUTUBE’S HILARIOUS PORNHUB COMMERCIAL A Pornhub commercial could go many different ways‚ however‚ it seems that that one on YouTube went with the way of some light humor and tame references to porn. For a device that promises a VR orgy‚ one would think they commercial would be a bit racier‚ however‚ Pornhub did it with class‚ or as much class as they could. Even though it was shown on YouTube‚ this
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The Universal commercial Code ( UCC) has been created to foster the free flow of commercial activity in the United States by making laws that are both reasonable and practical. Article 3 of this code deals with negotiable instruments. These contracts for payment serve as a substitute for actual money and make the flow of commerce move along at a faster rate. There are certain requirements that must be met for an item to be qualified as a negotiable instrument. First the instrument must be in
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Commercial and Investment Banking Name: Course: Instructor’s Name: Date: Q 1. GENERAL PRINCIPLES OF BANK MANAGEMENT The general principles of bank management include; Liquidity management- involves maintaining asset that can be easily converted into cash. The cash serves the purpose of depositor withdrawal either from checking or savings account or checks written by the depositor to other banks. Liquidity management make sure cash is available upon
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