Introduction A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities‚ either directly or through capital markets. A bank connects customers with capital deficits to customers with capital surpluses. ROLE OF COMMERCIAL BANKS: The commercial banks are described now a day by many agents of economic development and social change. Their functions and roles are undergoing revolutionary changes ‚client coverage and extended beyond imagination
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What is Contract? Discuss Essentials of Contact. According to Section 2 (h) of the Indian Contact Act‚ 1872‚ "A contract is “an agreement enforceable by law”. A contract therefore‚ is an agreement the object of which is to create a legal obligation i.e.‚ a duty enforceable by law. From the above definition‚ we find that a contract essentially consists of two elements: (1) An agreement and (2) Legal obligation i.e.‚ a duty enforceable by law. As per section 2 (e) "Every promise and every set of
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What are the impacts of the global financial crisis on Islamic banking system and how Islamic bank spared from the crisis? Accounting Master ’s thesis Salad Addawe 2012 Department of Accounting Aalto University School of Economics i What are the impacts of the global financial crisis on Islamic banking system and how Islamic bank spared from the crisis? Master’s Thesis Salad Araye Addawe Winter 2012 Accounting Approved in the Department of
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desirable. Wars have been fought‚ blood spilled‚ and lives destroyed over it. Nowadays‚ lives are still being destroyed by the desire for land‚ but often in more subtle ways‚ like land grabs and forced evictions and the power of the rich over the poor local communities. Despite national laws put in place to protect people and forests‚ in Cambodia and Laos massively powerful Vietnamese ‘rubber barons’ (Hoang Anh Gia Lai and the Vietnam Rubber Group) backed by foreign investments from Deutsche Bank and the
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Domain “Banking System " keeps the day by day tally record as a complete banking. It can keep the information of Account type‚ account opening form‚ Deposit‚ Withdrowal‚ and Searching t he transaction‚ Transaction report‚ Individual account opening form‚ Group Account. The exciting part of this project is; it displays Transaction reports‚ Statistical Summary o f Account type and Interest Information. SYNOPSIS “Banking System " keeps the day by day tally record as a comp lete banking. It can
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In Business‚ contracts can be considered as the heart of dealings and have to be taken with utter most consideration of the acceptance‚ however in order to understand in depth a binding agreement‚ we must first discuss‚ what determines a contract or binding agreement. These can be defined as “an agreement which the law will enforce” as well as a “promise or set of promises which the court will enforce”. To facilitate a binding agreement‚ an acceptance must occur and must be absolutely unconditional
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Contracts: How They Effect Everyday Life BUS 311 – Business Law I Prof. Katheryne Rogers January 6‚ 2012 Most people in society think that contracts are pointless and unnecessary. Contractual law is not high on society’s list of things to study. What society does not realize is that contracts bind a majority of the decisions that they make on a systematic basis. In this paper I will make evident the effectiveness of contracts and how they are such an immense aspect in society’s everyday life
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Discuss the extent to which Consumer law achieves its objectives. The most efficient way for consumers to get what they want is through the ‘market’‚ not the government‚ but businesses have more power than their customers. Some businesses can and will use abuse this power and cheat and steal from consumers to make money. Because of this‚ the government regulates the behaviour of businesses to have a market economy that functions properly. These laws mainly protect consumers against; misleading/deceptive
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The experiences that I have gone through have affected my interactions and relationships with others in many ways. The most prevalent way that I have been affected has been being comfortable of loneliness. As address earlier my family placed a lot of responsibilities on me early on‚ and the way I would cope with being overwhelm was to isolate from them. Looking back as I isolated from my family I isolated from others as well. A path of negative life events from the early stages to teenage years increased
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Administrative Law Essay Topic: Freedom of contract in English Contract law Written by 10 Ю-3 group student Buzhak A.S. Under supervision of Popova T. P. PhD‚ docent Nizhniy Novgorod‚ 2013 Contract law is designed to protect not only the contractor‚ but also the consumer. Freedom to contract is the freedom of individuals and corporations to form contracts without government restrictions. Without the freedom to contract‚ the government can regulate and bring restrictions
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