Question: Banking contracts are in theory negotiated by customers and the banks. In practice, the terms are largely dictated by the banks and found in standard

Banking contracts are in theory negotiated by customers and the banks. In practice, the terms are largely dictated by the banks and found in standard form agreements that are not open to negotiation. Should banking contracts be regulated to ensure a basic level of fairness for customers?

Step by Step Solution

★★★★★

3.44 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

This question is related to the one directly above but it also probes ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

690-L-B-L-I-C-B (179).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Problem 1. ARE (Alice, Ralph & Ed) is an equal partnership that has made a 754 election. On January 1 of this year, Alices outside basis is $2100 and the partnerships balance sheet is as follows...

Moranda and Sills, LLP, has served for over 10 years as the auditor of the financial statements of Highland Bank and Trust. The firm is conducting its audit planning for the current fiscal year and...

Callum Corporation is a diversified manufacturing company with corporate headquarters in St. Louis. The three operating divisions are the aerospace division, the ceramic products division, and the...

You, CA, are employed at Beaulieu & Beauregard, Chartered Accountants. On November 20, 20X5, Domenic Jones, a partner in your firm, sent you the following email: Our firm has been reappointed...

CERTIFICATE IV IN FINANCE AND MORTGAGE BROKING - FN540820 Page 1 UNIT 3 - COMPLY WITH FINANCIAL SERVICES REGULATION AND INDUSTRY CODES OF PRACTICE Unit Code: FNSFMK515 This unit describes the skills...

analyze case study 1 of 12 IVEY | Publishing 9B21M035 ECOBANK GHANA: CHANGE MANAGEMENT IN AN ACQUISITION Helene M. Adde and Kwesi Amponash-Tawiah wrote this case solely to provide material for cless...

Why is Brazil different and how? What effect did the inflation have on people's behavior? Why was there little or no lending at any interest rate fixed for more than one day? What was wrong with...

M4 Assignment: Leadership Behavior You have been hired by Doris Ann Riley, the head of HR for King Conductors to analyze a management/leadership situation. She is concerned with what she is hearing...

Hi, can you help me with this question? I attached the file and other people's assignment. I hope these two can help you finish my assignment. Read the article ?Who Regulates Whom and How?? in the...

Content o read and make at least three comments on the prescribed readings o Marks are achieved based upon the quality (not the quantity) of your commentsthough you must at least make three comments...

Find 3 things that tell you something important regarding the profitability of the company this year as compared to last year. Use bullet points to list and explain each item. UNITED STATES...

The amount of iron in a meteorite was determined by redox titration using KMnO4 as the titrant. A 0.4185 g sample of the meteorite was dissolved in acid and the liberated Fe+ was quantitatively...

Use the data from Exercise 13.12 to see if the median amount of nitrogen lost in perspiration is different for the three levels of dietary protein.

Which of the following results when a company purchases equipment for $ 1 , 8 0 0 cash? Total assets remain unchanged. Both assets and stocho'ders' equity decrease by $ 1 , 8 0 0 . Assets increase by...

Use the table and find the value of the given expression. S30.0125 Click the icon to view the table. The value of the given expression is. (Type an integer or a decimal.)

R-COOH R-COO +H* A. Answer *carboxylic acid* or *carboxylate* the molecule serving as each of the following in the Bronsted-Lowry equilibrium above. acid conjugate base base conjugate acid

5. Draw all reasonable resonance structures of the following molecule. Please remember to add in all electron pairs, when needed.

3 14 19 30 46 51 Q1:- Work out the following commutation relations [z, P], [z, H], [a,H] Q2:- construct the Y(0, 0), Y (0,), check they are normalized and orthogonal Q3:- Use the equation(Q)=([1.Q]+)...

. Generally speaking, should the United States pass laws that seek to control behavior outside its borders? Or, when in Rome, should our companies and subsidiaries be allowed to do as the Romans do?

Kern signed a contract to sell her home to Burns. There was a valuable chandelier in the dining room, but there was nothing in the contract excluding the fixture from the sale. At closing, Burns...

Safiol had a contract to purchase a lot from Sechrest. He wanted to build a house on the lot and gave Sechrest a deposit of $ 3,800. The contract was contingent on Safiols obtaining all permits and...

Read wanted to buy property owned by the Henzels. He sent them a letter offering to buy the property for $ 220,000. He suggested two different down payments and two different mortgages to finance the...

in which stage of the PICERL model would you be looking for the root cause of an incident?

Hayley's Optical has a stockholders' equity account as shown below. The firm's common stock currently sells for $20 per share. Preferred Stock $500,000 Common Stock (2,000,000 shares @ $1...

A product developer at a cosmetics company has developed a new shampoo especially for redheads. In order to know if it is worthwhile to launch the product in Tasmania, the marketing manager needs an...