Question
i.)Akram wants to import some products for his business from Thailand. Thats why he borrowed Tk.45000 from his cousin named Mahin. Mahin wanted to get
i.)Akram wants to import some products for his business from Thailand. Thats why he borrowed Tk.45000 from his cousin named Mahin. Mahin wanted to get written assurance from Akram. Thats why Akram issued a written document in favor of Mahin. In the meantime Hasan, one of the supplier of Mahin demanded back his money amounting Tk.50,000 that he lend to Mahin 3 months earlier. Mahin has a fixed deposit of tk.200,000 in EXIM Bank Ltd. Mahin is thinking about his options that he can use to repay Hasans money. What are the options Mahin can use in this examples? Justify with the major features and differences between those options.
(ii) Suppose Mehedi Hasan , a small retailer got a check of tk 300000 from his customer. He draws two parallel transverse line on the face of the check and convert it into generally crossed check for safety purpose. Unfortunately, he lost the check and within one day the amount of Tk300000 was debited form his customers account. When he notified the bank, it was late and he lost the fund. Explain the situation and recommend how he could make it much safer?
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