out when required‚ makes loans at interest exchanges currency etc. however to understand the concept in detail we need to see some of its definitions. Many economists have tried to give different meanings of the term bank. Nature of Commercial Banks Commercial banks are an organisation which normally performs certain financial transactions. It performs the twin task of accepting deposits from members of public and make advances to needy and worthy people form the society. When banks accept deposits
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Chapter III Commercial Law I. General Definitions a. Commercial Law→ It designates the whole body of laws & regulations applicable to relations between persons engaged in commerce‚ business or commercial professions. b. Commerce→ The word “Commerce” means the exchange of goods‚ products or property of any kind. It includes: sale‚ purchase‚ exchange of merchandises. c. Internal and International Commerce→ Internal: it is the commerce carried on between individuals or corporations within the same
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I. Overview of Commercial Banks: 1. Concept: Based on the law of Credit Institutions: Commercial bank is a type of credit institution which made the whole banking and monetary operations related. Based on the activity content: Commercial bank is a type of bank which make direct transactions with companies‚ enterprises‚ economic organizations and individuals‚ by taking deposits‚ savings‚ and then use that capital to lend ‚ discounts‚ provide means of payment and supply banking services for
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times‚ are usual ways a product or issue can be successfully advertised. We must learn as consumers to spot what the propaganda techniques are‚ and become aware of what the truth is The cable/internet company Comcast is a great example. In one commercial‚ Comcast uses many approaches in selling their lightning fast internet service. Recently‚ Comcast used husband and wife turtles as a decoy to insult competitors and to prove how great their service is. Using the “name-calling” approach‚ the two
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consumer’s responsibility to choose weather they buy it or not. If you look at commercials now a days it is filled with hot celebrity actresses and sports icons. People buy their product if it appeals to them and that appeal is created based on the advertisement in which they saw. For instance‚ if you see a commercial about make up‚ one had Taylor Swift and the other had some random person promoting their product‚ which commercial would attract more people? Of course Taylor Swift because she is pretty and
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EXECUTIVE SUMMARY Commercial banks occupy a dominant place in the money market. They‚ as a matter of fact‚ form the largest component in the banking structure of any country. They are the oldest‚ largest and fastest growing financial institutions in India. They are profit making institutions‚ dealing in money and credit. Commercial banks play a major role in the growth and development of the country due to the modern organization and functioning‚ huge funds and wide network all over the country
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that payment to make after 30 days of the delivery. In a commercial contract‚ the time of delivery is normally of the essence. If‚ the date is stipulated and if the buyer fails to give the payment that is a breach of condition. Therefore‚ the seller is entitled to repudiate the contract and sue for payment. In Hartley v Haymans [ 1902] 3 K. B. 475 the court was held that the time of delivery is a prima facie of the essence in commercial law. In Charles Rickards Ltd v Oenheim [ 1950] 1 K. B. 616
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Commercial whaling is not a very common controversy every one knows about but it really should be. There are a few main reasons whaling needs to be enforced more and those are Most whale species have a very few amount of them left in the wild‚ the way the hunters kill the whales is cruel‚ and it is already illegal but people choose to break the law. The first reason whaling needs to be stopped permanently is that most whales have a very low number of them. Minke whales are the most hunted whale
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Commercial influences on science research and technology. First of all‚ we need to know that connections between science‚ technology are plentiful. It is known that these connections are growing in number and extent‚ a repercussion of the rising role of science and technology for competitiveness between the leading economies. Both governments and business confirm that this close links is mostly positive for science and technology and the society. However Their are some concerns about commercial
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Other Business Management 5. Definition of Commercial Organization Definition of Commercial Organization By Joshua Wallace‚ eHow Contributor * * * Share * * Print this article The term commercial organization is general and applies to any group(s) with a particular set of skills‚ priorities‚ strategies‚ and resources that organize to collectively achieve the "specific aim" of making a profit. Ultimately‚ the first concern of commercial organizations is to make a profit for the owner
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