Doctrinal bases of liability 4 1.1. Reasonable Care and Skill . 4 1.2. Fiduciary Law 5 1.3. Knowing Receipt‚ Inconsistent Dealing‚ and Assistance 6 1.4. Emerging Standard: Due Diligence‚ Suitability‚ Good Faith 7 2. Duty to advise and the liability for the advice given 8 2.1. Duty to advise 8‚ 9 2.2. Liability for advice given 10 Referencing 12 Introduction In this report I defined the duties and liabilities of a Banker under Advisory and Transactional liability in Banking
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STUDY ON ASSET LIABILITY MANAGEMENT IN BANKS ABSTRACT: In banking‚ ASSET AND LIABILITY MANAGEMENT (often abbreviated ALM) is the practice of managing risks that arise due to mismatches between the assets and liabilities (debts and assets) of the bank. This can also be seen in insurance. Asset liability management (ALM) is a strategic management tool to manage interest rate risk and liquidity risk faced by banks‚ other financial services companies and corporations. Asset-liability management basically
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Auditor Liability in Canada A & B Is it reasonable for a potential investor or existing shareholder to rely on audited financial statements that a corporation makes available for public consumption? Should an investor be able to sue a corporation’s auditor if audited financial statements materially misrepresent the financial status of the company audited? a. Should a potential investor only be able to sue the corporation? b. Should there be any limit on the auditor’s liability? Negligent
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Additionally‚ vicarious liability extends to individual partners as well‚ regardless of their individual culpability. The latter principle of spinoff liability is‚ naturally‚ highly detested among members of the partnership‚ in particular members of professional service firms. Intriguingly‚ the principle of vicarious liability has over time attracted different justifications‚ each with its own strengths and weaknesses. In the context of a partnership‚ two forms of vicarious liability are substantial: the
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CHAPTER 6 ASSET-LIABILITY MANAGEMENT: DETERMINING AND MEASURING INTEREST RATES AND CONTROLLING INTEREST-SENSITIVE AND DURATION GAPS Goals of This Chapter: The purpose of this chapter is to explore the options bankers have today for dealing with risk – especially the risk of loss due to changing interest rates – and to see how a bank’s management can coordinate the management of its assets with the management of its liabilities in order to achieve the institution’s goals. Key Topic In This Chapter
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Multiple choice Ch13 Liabilities TRUE-FALSE—Conceptual 1. A zero-interest-bearing note payable that is issued at a discount will not result in any interest expense being recognized. 2. Dividends in arrears on cumulative preferred stock should be recorded as a current liability. 3. Magazine subscriptions and airline ticket sales both result in unearned revenues. 4. Discount on Notes Payable is a contra account to Notes Payable on the balance sheet. 5. All long-term
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Liabilities & Financial Analysis Discuss current liabilities and long-term liabilities. What are the differences between the two? Illustrate your understanding of liabilities‚ making sure to identify major types of current liabilities. Respond to at least two of your classmates’ posts. Current liability is a debt that a company expects to pay from existing current assets or through the creation of other current liabilities and within one year or the operating cycle‚ whichever is longer;
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Police Negligence and Liability 1 Running Head: Police Neglect/Liability Police Negligence and Liability Police Negligence and Liability 2 Abstract The purpose of this paper is to examine factors involved in police negligence and the extent of liability the officers hold. Are police officers held accountable for their misjudgments or reckless behavior when they are at fault? This paper exams relevant cases in which police officers have been
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Drivers Consider an Umbrella Liability Policy In our litigious society‚ you may want to have an extra layer of liability protection. That is what a personal umbrella liability policy provides. An umbrella policy kicks in when you reach the limit on the underlying liability coverage in a homeowners‚ renters‚ condo or auto policy. It will also cover you for things such as libel and slander. For about $150 to $300 per year you can buy a $1 million personal umbrella liability policy. The next million will
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In Liability‚ by Lorde develops the central conflict when you cause damage it’s your fault by using "Says he made the big mistake of dancing in my storm. Say it’s poison." But most of all maybe the breakup was her fault. She might’ve caused the problem because she’s famous which probably caused her to not spend enough time with her boyfriend. Lorde uses a metaphor to describe how her relationship was like in the past. (FIX) In fact‚ in Verse 1 she says‚ "I do my best to meet her standards
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