Seller-buyer-seller’s bank and buyer’s bank, Financial Accounting

I am facing some problems in my assignment of Seller, Buyer, Seller’s Bank, and Buyer’s Bank. Can anybody suggest me the proper explanation for it?

a. Draw the diagram of the transaction and label the Seller, Buyer, Seller’s Bank, and Buyer’s Bank.

b. Identify the parties by name that have an obligation to pay the Seller under the terms of the transaction and explain the basis in a sentence or two of their obligation

c. Explain how the case would be resolved under a strict interpretation such as the Raynor case (“corromandel nuts”) and the Hanil Bank case (not in Ed. 10; Ed. 9 at P293),  under Voest-Alpine, text at P313 [not in Ed. 9].  Reference any appropriate articles in UCP 500 and 600 that support your position.

Posted Date: 2/14/2013 4:46:15 AM | Location : United States







Related Discussions:- Seller-buyer-seller’s bank and buyer’s bank, Assignment Help, Ask Question on Seller-buyer-seller’s bank and buyer’s bank, Get Answer, Expert's Help, Seller-buyer-seller’s bank and buyer’s bank Discussions

Write discussion on Seller-buyer-seller’s bank and buyer’s bank
Your posts are moderated
Related Questions

Acquisition during the financial period The holding company may acquire the subsidiary company partway through the financial period such that as at the balance sheet date, the

The company pays its employees at the end of the day Friday for work done during that five-day work-week. Total wages for a week are $16,000. In the current year, December 31 occur


Q. Explain bonus or capitalisation issues? A rights issue is a approach of raising finance via the issue of shares to existing equity shareholders. Consecutively to make such a

Q. Explain about Spring and Forward loading? Spring loading - Timing of option grants to occur before good news or after bad news is released Concerns about insider trading

AskA of Surat consign goods to B of Jaipur to be sold at or above invoice price. B is entiled to get a commission of 8% on sales at invoice price plus 25% of any surplus price real

The following items are found in the trial balance of M/s Sharada Enterprise on 31st December, 2000. 10 marks Summer 2013 Sundry Debtors Rs.160000 Bad Debts written off Rs 9000 Dis

The following information for the six months ended 31 December 2009 relates to the business of Mr N Morris: a) Opening cash (including bank) balance Rs 1,200 b) Production in unit

Wider-range Investments (Requiring advice in writing from a properly qualified person) Quoted shares of a company with a paid-up capital of not less than Shs10m and has