判断题According to the newly amended Banking Ordinance in Hongkong, the brokers who satisfy the fit and proper criteria will be approved to take positions.

判断题A drawee of a bill of exchange has an obligation to pay the bill.

判断题A blank indorsement only consists of the signature of the transferee.

判断题Chan promised to pay his nephew ＄5,000 if his nephew would refrain from drinking liquor and using tobacco until the nephew should be 21 years of age. The nephew took Chan's words seriously, and abandoned drinking and smoking. After the nephew celebrated his 21st birthday, he asked Chan to pay the amount promised, Chan refused. Could the nephew sue Chan for breach of the contract?

判断题Minors are generally fully liable for their tortious actions.

判断题Define an indorsement of bill of exchange. What are the types of liability of an indorser?

判断题(a) What is indorsement of bills of exchange? (b) How many types are there? Write short notes on them.

判断题Slander is a kind of defamation in written form.

判断题Peter wants to buy a comer store. When negotiating in January, he was told by David, the owner of the store that the business of the store was very good and the average net profit from the store was＄100,000 per month for the last year. However, in March, a supermarket opened near the store and the business at the store became very slow. Then a contract for the sale of the store was signed between them, all the time David didn't mention anything to Peter. Could Peter make a claim against David for misrepresentation. Advise Peter supported by cases.

判断题Easement is a right to use the adjacent land that belongs to another.

判断题When factory has spare capacity, the fixed costs are relevant in respect to the additional order.

判断题(a) What is a homer in due course? (b) What rights does a holder in due course enjoy?

判断题The Merchantile Bank also issued coins until the late 1970's.

判断题An indorser may negative or limit his liability of repayment to the holder by an express insertion to that effect.

判断题The putting up of goods for sale by auction is an offer.

判断题In times of rising prices, the LIFO method of inventory valuation is more prudent than the FIFO method.

填空题{{B}} Checking accounts{{/B}} In the United States, checking accounts are available only at commercial banks. Commercial banks specialize in demand deposits, such as checking accounts. A checking account is money that a customer deposits in order to use that money to write checks. Saving accounts pay the depositor interest but checking accounts do not. In fact, checking account customers pay the bank a service charge for the bookkeeping involved in administering the account. The method of recordkeeping is also different in savings accounts and checking accounts. A depositor must present his passbook for any savings account transaction. The bank records these transactions in the depositor's passbook. Checking account customers, however, do not have passbooks. They themselves record the amounts of the checks that they write and they receive a monthly statement from the bank. This statement lists all the checks that the bank paid and all deposits that the account holder made during the month. The bank usually sends the statements with the customer's cancelled checks. The customer then compares the balance on the statement with the balance in his own records by subtracting the total of his outstanding checks. There are other fees that the bank may collect from checking account holders. For instance, banks charge a fee for stopping payment to a check. When a depositor decides that be doesn't want the bank to pay a payee, but he bas already written a check to that person, he may give the bank a stop payment order. The bank will then refuse to pay this check, and charges the depositor a fee. 'Banks also charge a depositor a fee when he is overdrawn. A depositor is overdrawn when he writes a check for more money than the balance in his account: The bank marks the check "insufficient funds", returns it, and charges a penalty for it. In everyday language we say that a check returned for insufficient funds has "bounced". Recent changes in banking regulations have allowed savings banks to offer negotiable order of withdrawal accounts. These accounts, called N. O. W. accounts, are very similar to checking accounts but they pay interest like savings accounts. The depositor can write withdrawal orders against the balance in the account. These withdrawal orders look like checks, and depositors receive a monthly statement summarizing deposits and withdrawals. There is often no service charge if depositors keep a minimum balance in their accounts. Commercial banks also offer N. O. W. accounts. As far as checking accounts go, the difference between savings banks and commercial banks is growing smaller in the U. S. State whether each statement is true or false based on the reading.

填空题Write 2 ways that terminate an offer.

填空题Check, draw, rate of exchange, commission, endorse, subject to, current, guaranted, participate, denominations A person who has a (21) account with a bank can obtain cash in other countries in various ways. The most common method is the purchase of travellers cheques. He can also use his Eurocheque card as identification to (22) his cheques. Or he can (23) on his account in his own country, which means that the cashier will have to telephone, cable, or telex his branch for confirmation. He will have to (24) the cheque, that is' write his signature on the back. Most of the major banks in Europe (25) in the Eurocheque scheme. When cashier handle travellers cheques, they must (26) that the counter signature is the same as the signature. The holder must then produce his passport as identification. When the formalities are completed, the cashier can issue banknotes and coins to the customer, using the current, (27) to calculate how much to issue. Travellers cheques have the advantages of convenience and safety. They can be issued in (28) of 10, 25, 50, 100 and 250, (29) exchange control regulations, they must pay a small (30) , or service charge as it is called in the USA.

填空题What must the plaintiff prove in order to succeed in an action of negligence.