0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the swift code of Trust mark national bank?
Trustmark does not have a swift code. All incoming international wire transfers for Trustmark are handled by the Bank of New York. Who does have a swift code IRVTUS3N - Trustmarks acct. number with the Bank of New York is 8900668644. You then put your trustmark acct number as the final reference. Also, the address for the main office downtown is Trustmark National Bank 248 E. Capitol Street Jackson, MS 39201 Sometimes you need it sometimes you do not. Trustmark Acct. Holder 20+ years Jackson, MS
What is a guarantee in terms of business finance?
Kane is a student at your institution. Kane who is seventeen years of age, is also a businessman who has so far, been very successful. Kane desires to expand his business and approaches X Bank Ltd for a loan of $20,000. to buy some computers. The manager of X Bank has known Kane and his family personally for years, so Kane did not think it would be a problem. The bank requires a guarantee and Kane manages to persuade his brother Able, who is nineteen years of age, to act as guarantor. The contract of guarantee is in a standard form and is exactly the same as that used by the bank with other customers. However Able cannot read. The manager of X Bank is aware of this but forgets to reads it to Able. The bank manage requires that Abel see an independent lawyer so that the bank can obtain the necessary certificate. Abel went to see Ms Sue-Ann Billem a solicitor. Ms Billem asked if he understood the contract. Ms Billem was unaware that Abel was illiterate. Abel, a typical 19year old youth, was too embarrassed to admit to an attractive young woman lawyer that he could not read, so he simply said "yes." Kane's business fails and as Kane is unable to repay the loan, the bank seeks repayment from Able in terms of the guarantee. For this essay Discuss; 1. What is a Guarantee in terms of business finance? 2. Why was it necessary for the bank to require a guarantee. 3. The legal liability of Able.
Answer of guarantee in terms of business finance?
Kane is a student at your institution. Kane who is seventeen years of age, is also a businessman who has so far, been very successful. Kane desires to expand his business and approaches X Bank Ltd for a loan of $20,000. to buy some computers. The manager of X Bank has known Kane and his family personally for years, so Kane did not think it would be a problem. The bank requires a guarantee and Kane manages to persuade his brother Able, who is nineteen years of age, to act as guarantor. The contract of guarantee is in a standard form and is exactly the same as that used by the bank with other customers. However Able cannot read. The manager of X Bank is aware of this but forgets to reads it to Able. The bank manager requires that Abel see an independent lawyer so that the bank can obtain the necessary certificate. Abel went to see Ms Sue-Ann Billem a solicitor. Ms Billem asked if he understood the contract. Ms Billem was unaware that Abel was illiterate. Abel, a typical 19year old youth, was too embarrassed to admit to an attractive young woman lawyer that he could not read, so he simply said "yes." Kane's business fails and as Kane is unable to repay the loan, the bank seeks repayment from Able in terms of the guarantee. For this essay Discuss; 1. What is a Guarantee in terms of business finance? 2. Why was it necessary for the bank to require a guarantee. 3. The legal liability of Able.
What does MS mean after a name?
The meaning of MS after a name is Master of Science. Which means that the person has a masters degree in science.
Do you use Ms. and M.D. at the same time?
no
What is the closest Alabama city from Jackson Ms?
The city of Melvin, near the western border of Alabama and Mississippi, is the closest city in that State from Jackson Mississippi.
Town or city halfway between Jackson ms and Effingham IL?
The distance between Jackson, MS and Effingham, IL is 530 miles. The closest city to the halfway mark is Blytheville, AR which is 276 miles northeast of Jackson, MS.
What way would you go to get to Biloxi MS from Jackson MS?
Biloxi, MS is 164 miles southeast of Jackson, MS
What is the halfway city between greenville ms and Jackson MS?
Halfway point between Jackson MS and Greenville ms
When was Ms. Jackson created?
Ms. Jackson was created on 2001-01-02.
Did Medgar Evers live in Jackson MS?
Medgar Evers died in Jackson, MS where he was shot.
How long does it take for mail to travel from Jackson ms to corinth ms?
How long does it take for mail to travel from Jackson ms to corinth ms
What is distance from meridian MS to Jackson MS?
about 93 miles
What is the best hotel to stay at in Jackson MS?
In my experience, the Best Value Inn is the best hotel in Jackson, MS.
Where are Bank of America locations in Mississippi?
The closest Bank of America to Hattiesburg, MS is in Pensacola, FL. Pensacola has several locations. All but Louisiana of your neighboring states have BofA locations: Alabama, Arkansas, Florida, and Tennessee. However, Louisiana does have several ATM locations. The only major American bank in the Mississippi would be Wachovia / Wells Fargo.
What is the halfway point between Middleboro MA and Jackson MS?
what is the halfway point between Middleboro, Ma and Jackson, MS
When will shreveport to Jackson ms be open for travel?
As of January 2014 there is no mention on when the roads from Shreveport to Jackson, MS will be open for travel.
