State five factors a bank manager would consider before granting a loan to a young school leaver.
(b) State five conditions that will make a bank to dishonor a customer's cheque.
Factors bank manager may consider before giving a loan to a young school leaver:
(i) The nature of business which the receiver of the loan wants to venture into
(i) The collateral presented by the school leaver
(iii) The brilliance of the school leaver
(iv) The guarantor of the school leaver
(v) The past experience of the banker about school leavers in the community he is operating.
(b) Conditions for dishonoring cheques
(i) Irregularities on the cheque
(ii ) When the bank receives an order from the issuer to dishonour it
(iii) Suspicion feeling about the payee
(iv) When the cheque has stale
(v) Lack of reliable means of identification
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}