判断题(a) Define cheque.
(b) Explain any five points of the differences between cheques and bills of exchange.
判断题A promissory note has only two parties: the bearer and payee.
判断题Consideration is either some detriment to the promisor or some benefit to the promisee.
判断题A cheque which reads "Pay cash" is a valid cheque.
判断题Money is limited to banknotes and coins in circulation.
判断题A foreman's salary is a direct cost with respect to the department's individual products.
判断题Personal property consists of all movable property except property recoverable and /or enforceable by taking an action.
判断题A right in personam is a right against a particular person only.
判断题In January, 1992, Wang rented a house for three years at a monthly rent of ＄1,000. Wang became unemployed in August, 1992 and wanted to move out. Jone then orally agreed to reduce the monthly rent to half. In January, 1993 Wang was informed to pay the amount of rent he had paid before.
Could Wang insist on paying the half rent until expiration of the contract?
Give reasons for your answer.
判断题Write short notes on:
(a) vicarious liability;
(b) negligence.
判断题A breaker's cheque is a negotiable instrument.
判断题The relationship between the banker and the client can only be terminated by the client who provides reasonable time to the other party to arrange for any alternative.
判断题Write short notes on:
(a) Property.
(b) choses in possession and in action.
(c) right in rem and in personam.
判断题"Gross-working-capital" refers to all of the following current assets: cash, account receivable, inventory and any other liquid assets.
判断题Certificates of deposits are not negotiable unless they are in a deliverable state.
判断题Offers and revocations are effective upon posting, but acceptances are effective upon receipt.
判断题(a) Define defamation.
(b) Explain the difference between libel and slander.
判断题In long-term construction contracts, revenue is recognized at the point of the cash collected.
判断题SWIFT is a system allowing member banks to settle payments among them.
判断题In August 1996, 2 trial credit cards named as "Visa Cash" and "Mondex" were introduced in Hongkong.