the department to AB Bank Limited to take real life exposure of the activities of financial institutions. The Human Resource Division of ABBL arranges my internship program at Islampur Branch from December 26, 2010 to March 26, 2011. At the end of the internship period the student have to prepare a report on the organization and this report titled “Loans & Advances and SME sector of AB Bank Limited” is the outcome of my three months practical knowledge at AB Bank Limited. Rationale of the Study
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BOOK IV OBLIGATIONS AND CONTRACTS Title. I. - OBLIGATIONS CHAPTER 1 GENERAL PROVISIONS Art. 1156. An obligation is a juridical necessity to give, to do or not to do. (n) Art. 1157. Obligations arise from: (1) Law; (2) Contracts; (3) Quasi-contracts; (4) Acts or omissions punished by law; and (5) Quasi-delicts. (1089a) Art. 1158. Obligations derived from law are not presumed. Only those expressly determined in this Code or in special laws are demandable, and shall be regulated
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participates into a risk activity that results in injury, what is the most likely defense that he or she may use to a defendant s claim that the plaintiff assumed the risk? 12) The tort of palming off involves: 13) Based on the law of product liability, which of the following is correct? 14) Sean has a 6 year old car which he bought 2 years ago
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General Partnership company based in Washington D.C, originally by 6 partners of SECMAT team. About General Partnership In business, when you hear the word partnership, it generally refers to a general partnership. In a general partnership, there are two or more partners. Each is liable for any debts or judgments taken on by the business. There is no limited liability, which means all the partners’ assets can be taken in a lawsuit or be targeted to settle debts should the partnership become
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being is a "natural" person. A company is a "legal" person. A company thus has legal rights and obligations in the same way that a natural person does. 2. Companies and Partnerships Compared (a) A company can be created only by certain prescribed methods - most commonly by registration under the Companies Act 1985. A partnership is created by the express or implied agreement of the parties, and requires no formalities, though it is common to have a written agreement. (b) A company incurs greater
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particular opportunity is worth pursuing. CONTEXTUAL KNOWLEDGE OF THE LAW AND LEGAL TOOLS PROACTIVE APPROACH Legally astute managers have content-specific knowledge Legally astute managers include legal considerations at each of the law and the application of legal tools. Managers who stage of strategy development and implementation. They can harness the creative power of legal language are more bring counsel in early and do not wait until a deal has been adept at seeing and shaping the legal
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solutions to track down the effects of the problems. Finally, the students are required to submit report based on the work performed during those eight week in the organization. For the purpose, I performed my eight week internship program at NABIL Bank Limited, New Road Branch, and activities were focused especially to two departments of the bank: Credit Department and Customer Service Department. Credit Department is an important department which is associated with granting credit to its potential customer
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(b) (c) (d) To lay a foundation for the preparation and presentation of financial statements; To gain working knowledge of the principles and procedures of accounting and their application to different practical situations; To gain the ability to solve simple problems and cases relating to sole proprietorship, partnership and companies; and To familiarize students with the fundamentals of computerized system of accounting. Contents 1. 2. A General Knowledge of the framing of the accounting standards
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Table of Contents 1.1 Accounting Concepts Definition............................................................................................... 2 1.1.1 Business Entity Concept ........................................................................................................ 5 1.1.2 Money Measurement Concept ............................................................................................... 6 1.1.3 Going Concern Concept ....................................................
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Business: organized approach to providing customers with the goods and services they want. The word business also refers to an organization that provides these goods and services. Types of businesses A. Manufacturing Firm Manufacturing firms produce a wide range of products. Large manufacturers include producers of airplanes, cars, computers, and furniture. Many manufacturing firms construct only parts rather than complete, finished products. B. Merchandisers Merchandisers are businesses that
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