Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answer this quickly please. Thanks What act that could refer to below statement? 1 point A person having nominal title to property that he holds
answer this quickly please. Thanks
What act that could refer to below statement? 1 point "A person having nominal title to property that he holds for the benefit of one or more others, Le the beneficiaries." Islamic Banking Act 1983 Contract Act 1950 Societies Act 1966 Partnership Act 1961 There is an account which cannot be set-off except:* point A customer's credit account and contingent liability on bills discounted A private debit account and a trust credit account A decreased credit account and an executor's debit account and vice versa A customer has a loan account and current account 1 point The important aspects banks need to consider from customers before open the account? * The age of majority and customer identity Not disqualified by law and authority to operate Proper introduction by acceptable third party and sound of mind Customer identity and capacity to operate In the case of death, the survivor joint holder(s) is entitled to point the whole balance in the account (credit balance) after the clearance from Pejabat Duti Setem is refer to the: * Ultra Vires Borrowing Doctrine/rule of Survivorship Rule of Turquand Power of Attorney Purpose of company's mandate consists of: 1 point Appointment of receiver and liquidation of company Liability of the members of the company is limited Powers of the company Location of its registered officeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started