What are the three main features of security, Business Law and Ethics

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QUESTION 1

(a) What are the three main features of security? Define the different types of security that banks normally take to secure credit facilities

(b) The Borrower Protection Act 2007 was enacted with an aim to regulate credit agreements for a sum not exceeding two million rupees and to provide for the establishment of the Office of the Commissioner for the Protection of Borrower'. Critically assess the Borrower Protection Act 2007

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