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Continuing Guarantees – Negotiable Instrument
A continuing guarantee is such type of a guarantee that extends to a series of transactions, so and such is not exhausted through or confined like to a single credit or transaction. Whether the liability of the guarantor like a case extends to there all the transactions contemplated whereas the revocation of the guarantee. But a guarantee is continuing or like not depends on the language of the warranty, the subject-matter and the surrounding state of affairs. An example would be the certification of a company's overdraft by the directors up to a specified limit during a given period, like e.g. date 2nd January to date 31st December.
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QUESTION 1 (a) Under which circumstances can banking information on customers be disclosed and at the same time not breaching the confidentiality clause of the Banking Act (
Drawee - Negotiable Instruments There following points concerning to the drawee should be noted. Through S.4(2) (a) provides that: like; (i) The drawee is dead or might bankr
This is a felon in possession of a firearm case. The defendant and his wife were involved in an argument. The argument became heated enough that the wife called the police through
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What is vicarious liability? Liability of the employer and employee: An employer may be liable like a result of a negligent action executed through the employee. It is term
ALLOTMENT OF SHARES: An allotment, legally, is the company's acceptance of an offer to buy its shares. Thus we can say it is governed by the following rules of the common law
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