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A passbook is a physical or digital record issued by a bank to account holders, documenting all transactions, including deposits and withdrawals, along with the current balance. Its features typically include a detailed transaction history, the ability to track account activity over time, and sometimes, interest accrued. Legally, a passbook serves as evidence of the account holder's rights to the funds in the account, and banks generally recognize it as proof of ownership and transaction authorization. However, the legal standing may vary by jurisdiction and specific banking regulations.
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What are the legal position of an auditor?
The legal position of an auditor encompasses their responsibilities and liabilities as defined by statutory regulations and professional standards. Auditors are required to conduct their work with due diligence and objectivity, ensuring compliance with applicable laws, such as the Sarbanes-Oxley Act in the U.S. They can be held liable for negligence, fraud, or failure to detect material misstatements in financial statements. Additionally, auditors enjoy certain legal protections, such as the defense of good faith reliance on management representations.
How do you petition to be administrator?
You take a certified copy of the death certificate and proof of your identity to probate court and fill out a Petition for Letters of Administration. The court will tell you if you have legal standing for the position of Administrator.
Explain fictitious assets with an example?
Fictitious assets are non-existent assets that do not have any tangible value but are recorded in a company's balance sheet, often to inflate the financial position of the business. An example of a fictitious asset is "preliminary expenses," which may include costs incurred during the formation of a company, such as legal fees or promotional expenses, that are amortized over time despite not representing any real asset. These entries can mislead stakeholders about the company's actual financial health.
The features of a public corporation?
There are many features / benefits of a corporation including, but not necessarily limited to: 1. A corporation is a legal entity. 2. Tax advantages, especially in states where there is no corporate...Public corporations issue securities The Corporation for Public Broadcasting mean like 1967-1970 would Be 3 years after 1967Or you could be blown up in World War II
Is legal expense an admin expense?
Legal expenses is not an admin expenses since legal expenses ararise due to legal issues of the organization. legal expenses are not recurring expenses by nature. Example of legal expenses are feees paid to the professional to represent the legal issues before the competent authority.
In case of equal guilt the defender is in better position?
in case of equal guilt the position of the defendant is better than that of the plaintiff
What is business and its features?
Business is any legal activity that under taken to earn profit is called business.feature is like a characteristic to explain the meaning and its concept in the meaning of business.
What are importance of reports in legal proceedings?
They interperet court decisions and explain legal reasonig.
What is a legal position?
A legal position refers to a specific job or role within the field of law, such as a lawyer, judge, paralegal, or legal assistant. It typically involves providing legal advice, representation, or administrative support in various legal matters.
What are the features of legal system in Zambia?
Based loosely on the British legal system.
Identify and explain features of a public company and a private company?
CONTINUITY: the death or retirement of a shareholder will not hamper the operation of the business. LIABILITY: the liability of the shareholder is limited to their investment's. This clause also protects their personal property from being liquidated to cover any debts of the company. The company has it's own legal identity
How do you explain an auto repossession?
Explain it in the sense of telling someone at their front door what you are doing or explain it in the sense of what causes it and is it legal and why can it be done?
How was Islamic law applied to defining the legal position women in the Ottoman Empire?
a. Islamic law was more tolerant in defining the legal position of women.
How was Islamic law applied to defining the legal position of women in the Ottoman Empire?
a. Islamic law was more tolerant in defining the legal position of women.
How many legal pitching positions are there?
There are 2 the Wind-up position and the Set position.
What is the legal position of males and females in a marriage?
The legal position of a male and a female is the male cannot be the wife so he'll actually become the husband and he basically cant do nothing bout it, the position of the female is that she is nothing but a wife a housemaid and a mother toall of the children they had or that he has allready had and that is the legal position of females and males in a relationship or a marriage.
Does a godmother have legal rights?
No, A god mother does not have legal rights to a child. A god mother is a honorary position given to someone.
