Directions: On November 17, 2008, STANDARD CHARTERED BANK, Hong Kong sends a Credit Advice to Bank of China, Guangzhou Branch informing that they have credited Guangzhou Branch's a/c with USD21, 780.00 being reimbursement of their negotiation under Ref. No. BP42A94094 and charges of USD220. Now complete the Credit Advice by filling in the missing items. STANDARD CHARTERED BANK Hong Kong Office CREDIT ADVICE Name: {{U}}(1) {{/U}} Date: {{U}}(2) {{/U}} No. 100017 - 03011 Address: 91 Changdi Rd, Guangzhou,　　　　　　Guangdong Province 510120　　　　　　China Particulars : {{U}}(3) {{/U}} Total Amount: {{U}}(4) {{/U}} {{U}} (5) {{/U}} ( ) We have credited your account ( ) Please debit our account ( ) We enclose herewith our Cashier's Order/Demand Draft ( ) We have credited settle, bank a/c in your favor Authorized Signature: {{U}}(6) {{/U}}

Directions: Read the following passage and fill in the blanks with its contents. As per the terms and conditions of the Contract No. 123, the payment is to be made by a documentary credit. Now, at the request of the importer, Mr. Houston & His Son, COTOBAML M. A. Hereby issues a documentary credit No. 56789 in favor of China National Chemicals Imp. ＆ Exp. Corp, 56 Dongnanmen street, Beijing, to the extent of USD 56,700.00 on May 23, 2008. On June 1,2008 the exporter shipped the relative goods and drew a draft on the issuing bank, asking him to pay the credit amount at 60 days after sight of the draft, the draft was authorized to be signed by the corporate staff, Grace Peter. Bill of Exchange NO. 123 Dated {{U}}(1) {{/U}}. Exchange for {{U}}(2) {{/U}}. At {{U}}(3) {{/U}} days after sight of this FIRST of Exchange (Second of exchange being unpaid) Pay to the order of {{U}}(4) {{/U}}. The sum of {{U}}(5) {{/U}}. Drawn under L/C No. {{U}}(6) {{/U}} . dated {{U}}(7) {{/U}}. Issued by {{U}}(8) {{/U}}. Value received and charged the same amount to TO {{U}}(9) {{/U}}.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　{{U}} (10) {{/U}}

判断题Because futures contracts are standardized, they are very useful for quotation and trading.

判断题In order to prepare an income and expenditure account, a club will follow all the basic rules for preparing a profit and loss account.

判断题Compared with call deposits, time deposits generally have a shorter deposit time restriction, which ranges from 24 hours to one week.

判断题Insurance policy is not required to be in writing to be enforceable.

判断题A call option is an option which gives the buyer the right to sell the currency at the stated strike price on or before the expiry date.

判断题A Required Reserve Ratio is a fraction of the deposits of the public that a bank holds in reserve.

判断题Past consideration is not a good consideration for negotiable instruments.

判断题The employer is vicariously liable for a tort committed by the employee acting in a course of employment.

判断题When the percentage of sales method is used, the estimated bad debt expenses should be adjusted by the existing balance of doubtful debt provision.

判断题An irrevocable credit may be cancelled at any time up to the moment the advising bank pays.

判断题A right in rem is a right in a thing itself which is good against the whole world.

判断题Provision of Depreciation is the estimated expired cost for the current period.

判断题The Land Fund is now managed by the HKMA under the direction of the Financial Secretary as a combined portfolio with the Exchange Fund.

判断题The mortgagor may, where he is in possession of the land, grant leases to third parties subject to any special agreement to the contrary.

判断题A crossed cheque implies that the cheque can be exchanged for cash at the drawer's bank account on which it is drawn.

判断题Write short notes on: (a) What must the plaintiff prove in order to succeed in mi action of negligence? (b) Explain the defences available to the defendant in an action based on tort. (c) Explain the rule established in Hedley Byrne & Co. Ltd. v. Heller & Partners Ltd. (1964)

判断题(a)Define a promissory note. (b)State whether each of the following negotiable instruments is valid. (i) A bill reads "pay ＄1,000 out of money to be received by you from Mr. Gao". (ii) A bill of exchange reads "pay ＄10,000, charge the same to the sale proceeds of 100 cartons of toys shipped per SS Mingzen". (iii) A bill of exchange which is stated as being payable on arrival of goods at a specified port. (iv) Is a bill of exchange which is payable on a person's marriage valid? (v) A bill of exchange is drawn in favour of a minor, a person below the age of eighteen. (vi) A bill of exchange reads "we hereby request you to pay on our account to the order of Gao＄1,000". (vii) A bill of exchange reads "pay to our order the sum of ＄5,000 in accordance with your undertaking authorized through Bank of Hongkong". (viii) Is a cheque which reads "pay order" valid? (ix) A promissory note reads "I promise to pay on or before Dec 1st, 1998 Mr. Gao or order the sum of ＄10,000 only for value received. Signed". (x) Is a promissory note which reads "to be paid back in full by 1 July, 1988" valid?

判断题A negotiable instrument is a conditional Order or promise to pay a certain amount of money.