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Canadian Business and the Law Study Set 3

Business

Quiz 25 :

Business and Banking

Quiz 25 :

Business and Banking

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Which of the following is subject to the law of negotiable instruments?
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Multiple Choice
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Answer:

C

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Which statement best describes the nature of the legal relationship between the bank and customer in terms of the customer's deposit with the bank?
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Multiple Choice
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Answer:

D

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Which statement is a valid criticism of electronic transactions?
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Answer:

D

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Under what circumstances might the relationship between the bank and customer impose fiduciary duties on the bank?
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Tess deposited the $75 000 she received from the sale of her business into her daily interest savings account.What is the legal nature of the relationship created between Tess and her banking institution?
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What is the main source of law regulating the rights and obligations of the parties in the bank and client relationship?
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How has the internationalization of financial services impacted Canadian legislation?
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What is a distinguishing feature of banking account agreement?
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Which term refers to a document that contains a written promise to pay another person a specific amount on demand or at a specified date?
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Why are banks placing daily and weekly monetary limits on transactions?
Multiple Choice
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What is the name given to a document that consists of a written order by one person to a third person to pay money to another person?
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To which of the following is the bank's duty to maintain the secrecy of customer information subject?
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What is the name given to the person in possession of a negotiable instrument?
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Which of the following is most likely to influence the arrangements concerning the issue of cheques and instructions for payment by the customer?
Multiple Choice
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What is a distinguishing feature of a negotiable instrument?
Multiple Choice
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Which of the following international rules deals with,among other things,the obligations of the parties,consequences for technical problems,and damages?
Multiple Choice
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Why should a commercial customer be cautious with regard to its bank-customer agreement?
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Which of the following would strongly suggest to a court that a bank has entered into a fiduciary relationship with its customer?
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How would a written contract containing an unconditional order to pay a specific sum on demand to a specific bearer most likely be classified?
Multiple Choice
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Which of the following formerly applied to banks,trust companies,stockbrokerages,and insurance companies?
Multiple Choice
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