Multiple Choice
Which of the following statements is true in relation to bank obligations to guarantors under the Code of Banking Practice?
A) The bank must advise the guarantor about the minimum sum being guaranteed.
B) The bank must inform the guarantor about the need to obtain independent advice.
C) The bank is obliged under privacy laws from advising the guarantor about the debtor's capacity to repay the loan.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q39: Under the federal Corporations Act 2001 a
Q40: An accountant has prepared tax returns for
Q41: Which of the following is not a
Q42: Which of the following statements in relation
Q43: Why are business partners usually advised to
Q45: Which of the following statements is not
Q46: What is the name of the document
Q47: Which of the following is not a
Q48: Mortgages are contracts in which borrowers give
Q49: A mortgagee who is exercising the power