Nobody downloaded yet

Case Study - Federal Deposit Insurance Corp - Essay Example

Comments (0) Cite this document
Summary
Checks and drafts are orders to another person to pay money to a third person. A check, which is a type of draft, is an order directed to a certain kind of person, namely a bank,…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
Case Study - Federal Deposit Insurance Corp
Read TextPreview

Extract of sample "Case Study - Federal Deposit Insurance Corp"

Download file to see previous pages For example, Toyland the owner of a departmental store in Houston, contracts with Pantaloon, a manufacturer of children toys in New York, for $15,000 worth toys. In the absence of negotiable instruments, Toyland would have to remit or take across the country the said amount which is risky and inconvenient. If the money is stolen in transit, it will create additional botheration for the company besides the financial loss. Check facilitates transfer of the funds through the designated bank. The transaction through the check is convenient to both the parties. Some types of negotiable instruments are promissory notes, certificates of deposit, drafts and checks.
The legal requirements for an instrument to be negotiable: That it should be in writing and signed by the issuer and it should contain an unconditional promise to pay a fixed amount of money, as per terms and conditions described in the promise or order. It may be with or without interest. It is a bearer instrument or payable to order, either on demand or at prescribed future date. It should “not state any other undertaking or instruction by the person promising or ordering to do any act in addition to the payment of money. However, it may contain (a) an undertaking or promise relative to collateral to secure payment, (b) an authorization for confession of judgment, or (c) a waiver of benefit of any law intended for the advantage or protection of an obligor.” (p.780)
A holder in course of a negotiable instrument has special rights. “Normally, the transferee of an instrument—like the assignee of a contract—gets only those rights in the instruments that are held by the person from whom he got the instrument. But a holder in due course can get better rights. A holder in due course takes a negotiable instrument free of all personal defenses, claims to the instrument, and claims in recoupment either of the obligor or of a third party.” (p.797)The advantage ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Case Study - Federal Deposit Insurance Corp Essay”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1557544-case-study-federal-deposit-insurance-corp
(Case Study - Federal Deposit Insurance Corp Essay)
https://studentshare.org/miscellaneous/1557544-case-study-federal-deposit-insurance-corp.
“Case Study - Federal Deposit Insurance Corp Essay”, n.d. https://studentshare.org/miscellaneous/1557544-case-study-federal-deposit-insurance-corp.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Case Study - Federal Deposit Insurance Corp

Federal Express

... Task Federal Express Introduction Executive Summary The following case reading s the air freight express company Federal Express called FedEx, its policies, services, company statistics and its terms and conditions. The survey states the “weaknesses, strengths, opportunities and threats” of the leading company. The complaint letter by an office manager portrays FedEx as a company with no value for its customer’s fulfillment. This is seen in the way they do not bother replying the stressed out customer. Anita has shown the strength of FedEx by stating the delivery of her cargo at last although it was too late. FedEx has shown strength by being ready to cut off shipping fees. They deliver goodies and chocolate as a make up gift... for being;...
4 Pages(1000 words)Case Study

Federal Express

...Task Federal Express Introduction Cargo transporters are the leading transport services recommended for transporting required commodities to various destinations across the world. Federal Express is an example of transport facilities. Disagreements have risen between customers and the business regarding delivery of commodities to various destinations requested by the customers. This essay examines potential problems that led to the delay of the cargos belonging to desktop innovation by federal express transporters using the SWOT analysis (McDougall & Dorken, 145). A Background Description and Problem Statement in the Case Study Federal express is a business identified...
4 Pages(1000 words)Case Study

Case study-Intel Corp

...it have many benefits than disadvantages to the company. However, care should be taken in order to ensure that risks are minimised since other employees may tend to divulge confidential information to third parties. This may impact negatively on the company since its security may be compromised. Therefore, it is important that measures are put in place in order to ensure that the company achieves its desired goals. 4. Intel Corp can turn BYOD into a new source of competitive advantage if it manages to improve productivity in the company through the use of IT. When employees are able to improve productivity as a result of the use of their own mobile devices, the company is likely to gain a large market share from its...
6 Pages(1500 words)Case Study

Federal Express

...FEDERAL EXPRESS Federal Express is a global leader in ground and air courier system since it started operations in 1973. For more than quarter of acentury, FedEx has been serving millions of customers around the world with offices in more than 220 countries. But global leadership has not come easily to FedEx. Painstaking monitoring of quality, recruitment of suitable staff and effective communication with customers have been the cornerstones of FedEx's success. FedEx has set very high performance standards to maintain quality service. Effective staff, good customer relations, proper tracking of orders and other such measures have helped the firm stay at the top. The firm has often come up with...
2 Pages(500 words)Case Study

Law of Insurance

...was the cause of the damage by relying on the case of Symington v Union Society of Canton [1928] as it allows for the insurer to claim a breach where the risk taken by the insured is the proximate cause of the loss/damage, and does not have to be the direct cause of the loss/damage.16 It would depend how the court would treat Andy's negligent act of leaving the car and the glove-box unlocked while at the pub. Andy would try to persuade the court that they should use the case of Wayne Tank and Pump Co. Ltd. V Employers Liability Assurance Corp. Ltd. [1974], where the court held that where there are two causes for the loss, it may be found that the risk was not the cause of the loss.17 ...
8 Pages(2000 words)Case Study

Federal Taxation

...may designate that payments otherwise qualifying as alimony or separate maintenance payments shall be nondeductible by the payor and excludible from gross income by the payee by so providing in the divorce or separation instrument, as defined in section 71(b)(2). See also H.R. Rep. No. 98-432 at 1496 (1984), reprinted in 1984 U.S.C.C.A.N. 697, 1138 ("The parties, by clearly designating in a written agreement, can provide that otherwise qualifying payments will not be treated as alimony for federal income tax purposes and therefore will not be deductible or includible in income."); cf. Richardson v. Commissioner, 125 F.3d 551, 556 (7th Cir. 1997), affg. T.C. Memo. 1995- 554. Further, the temporary regulation provides that...
2 Pages(500 words)Case Study

Perennial Insurance

...PERENNIAL INSURANCE Ltd. Perennial Centre, Valley Boulevard, Urbgrad 23109 Telephone 06.4921.3200 Facsimile 06.4921.3201 www.Perennialinsurance.com 22 September 2007 Name Address Inviting you to take advantage of these incredible offers... Dear ... Perennial Insurance, which has the reputation of being one of the best company's within the insurance business, has long been recognized for its wide range of policy options and extremely competitive prices. A member of the international global financial services group, ASTRAX Group based in the United States, Perennial Insurance conducts its business in accordance with ASTRAX's Business Principles and Practices, which are...
6 Pages(1500 words)Case Study

Sunlife Insurance

...Management - Sunlife Insurance Case Study Question: Discuss how well the choices of Sun Life met the needs of the firm? The firm had decided to diversify into other businesses at a time when it was facing very stiff competition from new entrants into the insurance business. The company responded so well to the pressures of diversification through moving into the businesses that were contiguous to its traditional insurance base. These businesses included residential mortgages, mutual funds, as well as personal trust services. Through these businesses, the sales agents were able to push the other services of the company, much to the benefit of the company. The mutual funds business was...
1 Pages(250 words)Case Study

Insurance case study

...deductibles. The other issue that the Walter should seriously take into consideration is that he is still young and his family is young too. His family history of BP prevalence makes it imperative for him to prioritize his healthcare issues. It is therefore recommended that Walter should make sure that he together with his family are fully covered in terms of health policies instead of focusing on other activities that are considered luxury. It is imperative for Walter to review his monthly income and expenditure in order to be able to draw a budget that is commensurate with the disposable money available. Walter risks incurring debts that may pose a burden to him if he fails to concentrate on basic things such as life and health...
2 Pages(500 words)Case Study

International Business Machines Corp

... International Business Machines Corp. This report identifies the concept of telecommuting at IBM, Indiana and the various problems encountered in the successful implementation of this technology. The company has a feedback system which serves as the basis of the findings on which this report is based. The problems of telecommuters, the concerns of the management and the probable causes for the same are discussed and suitable solutions are suggested which can be implemented with ease by the office. 1. Introduction International Business Machines Corp. (IBM) is the pioneer in innovation in information technology and has leveraged the same for its benefit to the extent possible which is...
7 Pages(1750 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Case Study - Federal Deposit Insurance Corp for FREE!

Contact Us