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1. What are the rights of a surety?
2. Explain duties of a Bailor and a Bailee.
3. “Power of Attorney is considered as an important concept in Business Law”. Explain
3. “The Banking Regulation Act, 1949, provides various methods of regulation of the banking business”. Describe the key areas of regulation.
4. Explain the nature and scope of complaints under the Consumer Protection Act?
5. Explain the need and types of meetings.
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Rights against creditors: In case of fidelity guarantee, the surety can direct a creditor to dismiss the employee whose honesty he/she has guaranteed, in the event of proven dishonesty of the employee. The creditor’s failure to do so will exonerate the surety from his/her liability. Creditor's rights deal not only with the rights of creditors against the debtor, but also with the rights of creditors
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Assume the the check in the amount of the derivative deposit created in b was written and sent to another bank.
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The following is a quote from the textbook "You can be very profitable and still go out of business". Do you agree with this quote? Why or why not? Explain your answer.
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a. Develop a static object model by drawing a class diagram that shows all the object classes, attributes, operations, relationships, and multiplicities. For each operation, show its argument list.
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