- A policy is a particular useful cover for advances made to sole traders or
professional men where otherwise on death difficulty might occur in respect of
repayment....(Solved)
A policy is a particular useful cover for advances made to sole traders or
professional men where otherwise on death difficulty might occur in respect of
repayment. Highlight the advantages and disadvantages of using life policy as security
Date posted: April 27, 2022.
- What you understand by the terms; (a) surrender value; (b) capital value of a life
policy?(Solved)
What you understand by the terms; (a) surrender value; (b) capital value of a life
policy?
Date posted: April 4, 2022.
- A policy is a particular useful cover for advances made to sole traders or
professional men where otherwise on death difficulty might occur in respect of
repayment....(Solved)
A policy is a particular useful cover for advances made to sole traders or
professional men where otherwise on death difficulty might occur in respect of
repayment. Highlight Disadvantages of taking Life policy as a security
Date posted: April 4, 2022.
- List advantages of taking life Policy as security(Solved)
List advantages of taking life Policy as security
Date posted: April 4, 2022.
- A security acts as a fallback position for banks should an applicant default in payment of a bank loan. However, care should be exercised before...(Solved)
A security acts as a fallback position for banks should an applicant default in payment of a bank loan. However, care should be exercised before accepting a guarantee of a limited company . Discuss
Date posted: February 22, 2022.
- You are the branch Manager of Fundi Micro Finance. Jack and Pauline (husband and wife) have a joint account at your branch, Operating under the...(Solved)
You are the branch Manager of Fundi Micro Finance. Jack and Pauline (husband and wife) have a joint account at your branch, Operating under the banks usual mandate form, incorporating joint and several Liabilities. The mandate authorizes you to pay cheques on the signature of either party. Jack drew a cheque of Kshs 1200000 to pay for a parcel of land in favour of Landscape Limited. Pauline has called with a countermand payment, and a letter with her objection to payment has been delivered to your office by a courier. Briefly explain five advantages of a joint and several Liability and disadvantages of a joint liability account of account holder in kenya.
Date posted: February 22, 2022.
- Explain in detail the procedure for opening a Limited Liability company account(Solved)
Explain in detail the procedure for opening a Limited Liability company account
Date posted: February 22, 2022.
- Elaborate Guidelines for Opening Clubs and Societies Accounts(Solved)
Elaborate Guidelines for Opening Clubs and Societies Accounts.
Date posted: February 22, 2022.
- Highlight the rule surrounding clients account held by a solicitor incase of solicitor's death.(Solved)
Highlight the rule surrounding clients account held by a solicitor incase of solicitor's death.
Date posted: February 22, 2022.
- Highlight accounts held by a solicitor(Solved)
Highlight accounts held by a solicitor
Date posted: February 22, 2022.
- Tracy, June and Jim are partners in a firm known as Uperion. They operate a jointaccount with a joint and several liability mandate with...(Solved)
Tracy, June and Jim are partners in a firm known as Uperion. They operate a joint
account with a joint and several liability mandate with your bank. Two months ago, you
were notified that Tracy was admitted at a mental hospital. A month later you received
another notice informing you that June had retired from the partnership. Jim and Bob
wish to include Grace as a new partner. Explain the effect of each of the following in the
operation of the partnership account.
(i) Tracy's lunacy
(ii) June's retirement.
Date posted: February 15, 2022.
- Briefly write short notes on Joint Accounts(Solved)
Briefly write short notes on Joint Accounts
Date posted: February 15, 2022.
- Write brief notes on a minor as an account holder, as a member of a partnership and as a joint account holder(Solved)
Write brief notes on a minor as an account holder, as a member of a partnership and as a joint account holder
Date posted: February 15, 2022.
- Distinguish between a holder, a holder for value and a holder in due course.(Solved)
Distinguish between a holder, a holder for value and a holder in due course.
Date posted: February 15, 2022.
- List several instances where banks have been held negligent when collecting cheques(Solved)
List several instances where banks have been held negligent when collecting cheques
Date posted: February 15, 2022.
- Define the term Endorsement and outline types of Endorsement giving examples in each.(Solved)
Define the term Endorsement and outline types of Endorsement giving examples in each.
Date posted: February 15, 2022.
- In which ways does crossing a cheque protect the drawer?(Solved)
In which ways does crossing a cheque protect the drawer?
Date posted: February 15, 2022.
- A cheque is a bill of exchange drawn on a specified banker and not expressed to be
payable otherwise than on demand. Discuss 4 different types...(Solved)
A cheque is a bill of exchange drawn on a specified banker and not expressed to be
payable otherwise than on demand. Discuss 4 different types of cheques
Date posted: February 15, 2022.
- Briefly Outline Features of a cheque(Solved)
Briefly Outline Features of a cheque
Date posted: February 15, 2022.
- Write short note on Types of Negotiable Instruments.(Solved)
Write short note on Types of Negotiable Instruments.
Date posted: February 15, 2022.
- Why are references required when opening an account?(Solved)
Why are references required when opening an account?
Date posted: February 15, 2022.
- Distinguish between a gratuitous bailee and a bailee for reward. (Solved)
Distinguish between a gratuitous bailee and a bailee for reward.
Date posted: February 15, 2022.
- List circumstance where a banker must cease to honor customers cheque on presentation(Solved)
List circumstance where a banker must cease to honor customers cheque on presentation.
Date posted: February 15, 2022.
- The creation of bailor/bailee relationship arises where a person called the bailee is given
control of the property of another person called bailor for a specific...(Solved)
The creation of bailor/bailee relationship arises where a person called the bailee is given
control of the property of another person called bailor for a specific purpose e.g., where a
customer of a bank deposits valuables in safe custody with the intention that on request
they will be returned to him/her. However, whether a banker is a bailee for reward or for free he/she must take the highest standard of care expected from person undertaking business of banking. Briefly explain the Liability attaching to bailee.
Date posted: February 15, 2022.
- Discuss Bank’s procedure on receipt of order or summons from high court.(Hint: Summon is also known as garnishee order)(Solved)
Discuss Bank’s procedure on receipt of order or summons from high court.(Hint: Summon is also known as garnishee order)
Date posted: February 15, 2022.
- In which ways may revocation/determination occur in the Power of attorney?(Solved)
In which ways may revocation/determination occur in the Power of attorney?
Date posted: February 15, 2022.
- Identify forms of Power of Attorney(Solved)
Identify forms of Power of Attorney
Date posted: February 15, 2022.
- Highlight circumstances for termination of the bank's authority to pay(Solved)
Highlight circumstances for termination of the bank's authority to pay
Date posted: February 14, 2022.
- Highlight the particulars required in opening and Conducting Bank accounts(Solved)
Highlight the particulars required in opening and Conducting Bank accounts
Date posted: February 14, 2022.
- Define the term Power of Attorney(Solved)
Define the term Power of Attorney
Date posted: February 14, 2022.