Drawing cheque and results in unauthorized overdrawn

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a) John is a university graduate who has joined a management trainee program for 18 months in a well-known company. Before he starts to work, he wants to go for a vacation with his family members and would like to apply for an advance of HK$50,000 with your Bank.

b) Mary is an accountant who has maintained a current account in your bank for a year. However, she is too busy that sometimes she forgets to transfer money to her current account before drawing cheque and results in unauthorized overdrawn. She wants to apply for an advance with your bank.

c) Peter wants to buy a large TV of HK$60,000, but he can only pay HK$10,000 and would like to apply for a 2-year installment loan to cover the remaining balances.

Reference no: EM132634870

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